EMI: ₹26,375/month at 10%. Min income: ₹43,959/month.
A ₹3 Lakh gold loan from Kotak Mahindra Bank at 10% interest for 1 years will cost you ₹26,375 per month as EMI. You will pay a total interest of ₹16,500 over the loan tenure. The minimum monthly income needed is ₹43,959 (assuming no existing EMIs).
Kotak Mahindra Bank Gold Loan EMI for ₹3 Lakh at 10% for 1 years is ₹26,375 per month.
You need a minimum monthly income of ₹43,959 for a ₹3 Lakh gold loan from Kotak Mahindra Bank (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh gold loan from Kotak Mahindra Bank at 10% for 1 years is ₹16,500.
Kotak Mahindra Bank charges a processing fee of 1% + GST for Gold Loan.
Kotak Mahindra Bank Gold Loan prepayment policy: Nil.