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Bank of India Gold Loan for ₹1 Lakh

EMI: ₹8,687/month at 7.75%. Min income: ₹14,012/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
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Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Bank of India Gold Loan for ₹1 Lakh - Key Details

Interest Rate
7.75% p.a.
Monthly EMI
₹8,687
Total Interest
₹4,244
Total Payment
₹1,04,244
Min Income Required
₹14,012/mo
Processing Fee
0.50% + GST

A ₹1 Lakh gold loan from Bank of India at 7.75% interest for 1 years will cost you ₹8,687 per month as EMI. You will pay a total interest of ₹4,244 over the loan tenure. The minimum monthly income needed is ₹14,012 (assuming no existing EMIs).

Frequently Asked Questions

What is Bank of India gold loan EMI for ₹1 Lakh?

Bank of India Gold Loan EMI for ₹1 Lakh at 7.75% for 1 years is ₹8,687 per month.

What income do I need for ₹1 Lakh gold loan from Bank of India?

You need a minimum monthly income of ₹14,012 for a ₹1 Lakh gold loan from Bank of India (at 7.75% rate, assuming no existing EMIs).

What is the total interest on ₹1 Lakh gold loan from Bank of India?

The total interest payable on ₹1 Lakh gold loan from Bank of India at 7.75% for 1 years is ₹4,244.

What is Bank of India's processing fee for ₹1 Lakh gold loan?

Bank of India charges a processing fee of 0.50% + GST for Gold Loan.

Can I prepay my Bank of India gold loan?

Bank of India Gold Loan prepayment policy: Nil.

₹1 Lakh Gold Loan from Other Banks

SBIFrom 7.50 - 9.50%HDFC BankFrom 8.50 - 16.50%ICICI BankFrom 10.00 - 16.00%Axis BankFrom 9.75 - 17.00%Kotak Mahindra BankFrom 10.00 - 17.00%Bank of BarodaFrom 7.70 - 9.70%PNBFrom 7.85 - 9.90%Canara BankFrom 7.65 - 9.65%Union BankFrom 7.80 - 9.80%Indian BankFrom 7.60 - 9.60%

Other Bank of India Gold Loan Amounts

₹2 LakhEMI ₹17,375/mo₹3 LakhEMI ₹26,062/mo₹5 LakhEMI ₹43,436/mo₹7 LakhEMI ₹60,811/mo₹10 LakhEMI ₹86,873/mo