Check minimum income required for a ₹2 Lakh gold loan. EMI starts ₹17,351/month. Compare 24+ banks.
To get a ₹2 Lakh gold loan, you need a minimum monthly income of approximately ₹28,919 (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% | ₹17,537 | ₹26,980/mo | 1% + GST |
| Mahindra Finance | 11.00 - 20.00% | ₹17,676 | ₹27,194/mo | 1.50% + GST |
| Muthoot Finance | 12.00 - 26.00% | ₹17,770 | ₹27,339/mo | 1% + GST |
| Manappuram Finance | 12.00 - 26.00% | ₹17,770 | ₹27,339/mo | 1% + GST |
| SBI | 7.50 - 9.50% | ₹17,351 | ₹27,986/mo | 0.50% + GST |
| Indian Bank | 7.60 - 9.60% | ₹17,361 | ₹28,002/mo | 0.50% + GST |
| Canara Bank | 7.65 - 9.65% | ₹17,365 | ₹28,009/mo | 0.50% + GST |
| IDBI Bank | 7.65 - 10.50% | ₹17,365 | ₹28,009/mo | 0.50% + GST |
| Bank of Baroda | 7.70 - 9.70% | ₹17,370 | ₹28,017/mo | 0.50% + GST |
| Bank of India | 7.75 - 9.75% | ₹17,375 | ₹28,025/mo | 0.50% + GST |
| Union Bank | 7.80 - 9.80% | ₹17,379 | ₹28,031/mo | 0.50% + GST |
| PNB | 7.85 - 9.90% | ₹17,384 | ₹28,039/mo | 0.75% + GST |
| Central Bank | 7.90 - 10.00% | ₹17,388 | ₹28,046/mo | 0.50% + GST |
| South Indian Bank | 7.99 - 12.00% | ₹17,397 | ₹28,995/mo | 0.50% + GST |
| Karur Vysya Bank | 8.00 - 11.00% | ₹17,398 | ₹28,997/mo | 0.50% + GST |
| HDFC Bank | 8.50 - 16.50% | ₹17,444 | ₹29,074/mo | 1% + GST |
| Federal Bank | 8.99 - 12.00% | ₹17,489 | ₹29,149/mo | 1% + GST |
| IDFC First Bank | 9.00 - 14.00% | ₹17,490 | ₹29,150/mo | 1% + GST |
| Axis Bank | 9.75 - 17.00% | ₹17,560 | ₹29,267/mo | 0.25% + GST |
| Bandhan Bank | 9.99 - 14.00% | ₹17,582 | ₹29,304/mo | 1% + GST |
| ICICI Bank | 10.00 - 16.00% | ₹17,583 | ₹29,305/mo | 1% + GST |
| Kotak Mahindra Bank | 10.00 - 17.00% | ₹17,583 | ₹29,305/mo | 1% + GST |
| IndusInd Bank | 11.00 - 16.00% | ₹17,676 | ₹29,460/mo | 1% + GST |
| Yes Bank | 11.50 - 16.50% | ₹17,723 | ₹29,539/mo | 1% + GST |
The EMI for ₹2 Lakh gold loan at 7.5% for 1 years is approximately ₹17,351 per month.
You need a minimum monthly income of approximately ₹28,919 for a ₹2 Lakh gold loan at 7.5% interest rate (assuming no existing EMIs and 60% FOIR).
The lowest interest rate for ₹2 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 ₹2 Lakh gold loan at 7.5% for 1 years is approximately ₹8K.