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Bank of India Gold Loan for ₹5 Lakh

EMI: ₹43,436/month at 7.75%. Min income: ₹70,059/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
₹ 0
Total Payment
₹ 0
Monthly Income
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Existing EMIs
₹ 0
0%
New Loan EMI
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Remaining Income
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Bank of India Gold Loan for ₹5 Lakh - Key Details

Interest Rate
7.75% p.a.
Monthly EMI
₹43,436
Total Interest
₹21,232
Total Payment
₹5,21,232
Min Income Required
₹70,059/mo
Processing Fee
0.50% + GST

A ₹5 Lakh gold loan from Bank of India at 7.75% interest for 1 years will cost you ₹43,436 per month as EMI. You will pay a total interest of ₹21,232 over the loan tenure. The minimum monthly income needed is ₹70,059 (assuming no existing EMIs).

Frequently Asked Questions

What is Bank of India gold loan EMI for ₹5 Lakh?

Bank of India Gold Loan EMI for ₹5 Lakh at 7.75% for 1 years is ₹43,436 per month.

What income do I need for ₹5 Lakh gold loan from Bank of India?

You need a minimum monthly income of ₹70,059 for a ₹5 Lakh gold loan from Bank of India (at 7.75% rate, assuming no existing EMIs).

What is the total interest on ₹5 Lakh gold loan from Bank of India?

The total interest payable on ₹5 Lakh gold loan from Bank of India at 7.75% for 1 years is ₹21,232.

What is Bank of India's processing fee for ₹5 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.

₹5 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

₹1 LakhEMI ₹8,687/mo₹2 LakhEMI ₹17,375/mo₹3 LakhEMI ₹26,062/mo₹7 LakhEMI ₹60,811/mo₹10 LakhEMI ₹86,873/mo