EMI: ₹43,958/month at 10%. Min income: ₹73,264/month.
A ₹5 Lakh gold loan from Kotak Mahindra Bank at 10% interest for 1 years will cost you ₹43,958 per month as EMI. You will pay a total interest of ₹27,496 over the loan tenure. The minimum monthly income needed is ₹73,264 (assuming no existing EMIs).
Kotak Mahindra Bank Gold Loan EMI for ₹5 Lakh at 10% for 1 years is ₹43,958 per month.
You need a minimum monthly income of ₹73,264 for a ₹5 Lakh gold loan from Kotak Mahindra Bank (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh gold loan from Kotak Mahindra Bank at 10% for 1 years is ₹27,496.
Kotak Mahindra Bank charges a processing fee of 1% + GST for Gold Loan.
Kotak Mahindra Bank Gold Loan prepayment policy: Nil.