EMI: ₹8,690/month at 7.8%. Min income: ₹14,017/month.
A ₹1 Lakh gold loan from Union Bank at 7.8% interest for 1 years will cost you ₹8,690 per month as EMI. You will pay a total interest of ₹4,280 over the loan tenure. The minimum monthly income needed is ₹14,017 (assuming no existing EMIs).
Union Bank Gold Loan EMI for ₹1 Lakh at 7.8% for 1 years is ₹8,690 per month.
You need a minimum monthly income of ₹14,017 for a ₹1 Lakh gold loan from Union Bank (at 7.8% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh gold loan from Union Bank at 7.8% for 1 years is ₹4,280.
Union Bank charges a processing fee of 0.50% + GST for Gold Loan.
Union Bank Gold Loan prepayment policy: Nil.