EMI: ₹17,583/month at 10%. Min income: ₹29,305/month.
A ₹2 Lakh gold loan from Kotak Mahindra Bank at 10% interest for 1 years will cost you ₹17,583 per month as EMI. You will pay a total interest of ₹10,996 over the loan tenure. The minimum monthly income needed is ₹29,305 (assuming no existing EMIs).
Kotak Mahindra Bank Gold Loan EMI for ₹2 Lakh at 10% for 1 years is ₹17,583 per month.
You need a minimum monthly income of ₹29,305 for a ₹2 Lakh gold loan from Kotak Mahindra Bank (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh gold loan from Kotak Mahindra Bank at 10% for 1 years is ₹10,996.
Kotak Mahindra Bank charges a processing fee of 1% + GST for Gold Loan.
Kotak Mahindra Bank Gold Loan prepayment policy: Nil.