Check minimum income required for a ₹5 Lakh gold loan. EMI starts ₹43,379/month. Compare 24+ banks.
To get a ₹5 Lakh gold loan, you need a minimum monthly income of approximately ₹72,299 (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% | ₹43,842 | ₹67,450/mo | 1% + GST |
| Mahindra Finance | 11.00 - 20.00% | ₹44,191 | ₹67,987/mo | 1.50% + GST |
| Muthoot Finance | 12.00 - 26.00% | ₹44,424 | ₹68,345/mo | 1% + GST |
| Manappuram Finance | 12.00 - 26.00% | ₹44,424 | ₹68,345/mo | 1% + GST |
| SBI | 7.50 - 9.50% | ₹43,379 | ₹69,967/mo | 0.50% + GST |
| Indian Bank | 7.60 - 9.60% | ₹43,402 | ₹70,004/mo | 0.50% + GST |
| Canara Bank | 7.65 - 9.65% | ₹43,413 | ₹70,021/mo | 0.50% + GST |
| IDBI Bank | 7.65 - 10.50% | ₹43,413 | ₹70,021/mo | 0.50% + GST |
| Bank of Baroda | 7.70 - 9.70% | ₹43,425 | ₹70,041/mo | 0.50% + GST |
| Bank of India | 7.75 - 9.75% | ₹43,436 | ₹70,059/mo | 0.50% + GST |
| Union Bank | 7.80 - 9.80% | ₹43,448 | ₹70,078/mo | 0.50% + GST |
| PNB | 7.85 - 9.90% | ₹43,460 | ₹70,097/mo | 0.75% + GST |
| Central Bank | 7.90 - 10.00% | ₹43,471 | ₹70,115/mo | 0.50% + GST |
| South Indian Bank | 7.99 - 12.00% | ₹43,492 | ₹72,487/mo | 0.50% + GST |
| Karur Vysya Bank | 8.00 - 11.00% | ₹43,494 | ₹72,490/mo | 0.50% + GST |
| HDFC Bank | 8.50 - 16.50% | ₹43,610 | ₹72,684/mo | 1% + GST |
| Federal Bank | 8.99 - 12.00% | ₹43,723 | ₹72,872/mo | 1% + GST |
| IDFC First Bank | 9.00 - 14.00% | ₹43,726 | ₹72,877/mo | 1% + GST |
| Axis Bank | 9.75 - 17.00% | ₹43,900 | ₹73,167/mo | 0.25% + GST |
| Bandhan Bank | 9.99 - 14.00% | ₹43,956 | ₹73,260/mo | 1% + GST |
| ICICI Bank | 10.00 - 16.00% | ₹43,958 | ₹73,264/mo | 1% + GST |
| Kotak Mahindra Bank | 10.00 - 17.00% | ₹43,958 | ₹73,264/mo | 1% + GST |
| IndusInd Bank | 11.00 - 16.00% | ₹44,191 | ₹73,652/mo | 1% + GST |
| Yes Bank | 11.50 - 16.50% | ₹44,308 | ₹73,847/mo | 1% + GST |
The EMI for ₹5 Lakh gold loan at 7.5% for 1 years is approximately ₹43,379 per month.
You need a minimum monthly income of approximately ₹72,299 for a ₹5 Lakh gold loan at 7.5% interest rate (assuming no existing EMIs and 60% FOIR).
The lowest interest rate for ₹5 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 ₹5 Lakh gold loan at 7.5% for 1 years is approximately ₹21K.