Check minimum income required for a ₹10 Lakh gold loan. EMI starts ₹86,757/month. Compare 24+ banks.
To get a ₹10 Lakh gold loan, you need a minimum monthly income of approximately ₹1,44,595 (at the lowest rate of 7.5% for 1 years, assuming no existing EMIs).
| Bank | Rate | Monthly EMI | Min Income Required | Processing Fee |
|---|---|---|---|---|
| Bajaj Finserv | 9.50 - 14.00% | ₹87,684 | ₹1,34,899/mo | 1% + GST |
| Mahindra Finance | 11.00 - 20.00% | ₹88,382 | ₹1,35,973/mo | 1.50% + GST |
| Muthoot Finance | 12.00 - 26.00% | ₹88,849 | ₹1,36,691/mo | 1% + GST |
| Manappuram Finance | 12.00 - 26.00% | ₹88,849 | ₹1,36,691/mo | 1% + GST |
| SBI | 7.50 - 9.50% | ₹86,757 | ₹1,39,931/mo | 0.50% + GST |
| Indian Bank | 7.60 - 9.60% | ₹86,804 | ₹1,40,007/mo | 0.50% + GST |
| Canara Bank | 7.65 - 9.65% | ₹86,827 | ₹1,40,044/mo | 0.50% + GST |
| IDBI Bank | 7.65 - 10.50% | ₹86,827 | ₹1,40,044/mo | 0.50% + GST |
| Bank of Baroda | 7.70 - 9.70% | ₹86,850 | ₹1,40,081/mo | 0.50% + GST |
| Bank of India | 7.75 - 9.75% | ₹86,873 | ₹1,40,118/mo | 0.50% + GST |
| Union Bank | 7.80 - 9.80% | ₹86,896 | ₹1,40,155/mo | 0.50% + GST |
| PNB | 7.85 - 9.90% | ₹86,919 | ₹1,40,192/mo | 0.75% + GST |
| Central Bank | 7.90 - 10.00% | ₹86,942 | ₹1,40,230/mo | 0.50% + GST |
| South Indian Bank | 7.99 - 12.00% | ₹86,984 | ₹1,44,974/mo | 0.50% + GST |
| Karur Vysya Bank | 8.00 - 11.00% | ₹86,988 | ₹1,44,980/mo | 0.50% + GST |
| HDFC Bank | 8.50 - 16.50% | ₹87,220 | ₹1,45,367/mo | 1% + GST |
| Federal Bank | 8.99 - 12.00% | ₹87,447 | ₹1,45,745/mo | 1% + GST |
| IDFC First Bank | 9.00 - 14.00% | ₹87,451 | ₹1,45,752/mo | 1% + GST |
| Axis Bank | 9.75 - 17.00% | ₹87,800 | ₹1,46,334/mo | 0.25% + GST |
| Bandhan Bank | 9.99 - 14.00% | ₹87,911 | ₹1,46,519/mo | 1% + GST |
| ICICI Bank | 10.00 - 16.00% | ₹87,916 | ₹1,46,527/mo | 1% + GST |
| Kotak Mahindra Bank | 10.00 - 17.00% | ₹87,916 | ₹1,46,527/mo | 1% + GST |
| IndusInd Bank | 11.00 - 16.00% | ₹88,382 | ₹1,47,304/mo | 1% + GST |
| Yes Bank | 11.50 - 16.50% | ₹88,615 | ₹1,47,692/mo | 1% + GST |
The EMI for ₹10 Lakh gold loan at 7.5% for 1 years is approximately ₹86,757 per month.
You need a minimum monthly income of approximately ₹1,44,595 for a ₹10 Lakh gold loan at 7.5% interest rate (assuming no existing EMIs and 60% FOIR).
The lowest interest rate for ₹10 Lakh gold loan starts from 7.5% p.a. in 2026. Compare all banks above.
With a ₹30,000 monthly salary and no existing EMIs, your maximum gold loan eligibility at 7.5% for 1 years is approximately ₹2.07 L.
The total interest on ₹10 Lakh gold loan at 7.5% for 1 years is approximately ₹41K.