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SBI Gold Loan for ₹7 Lakh

EMI: ₹60,730/month at 7.5%. Min income: ₹97,952/month.

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Your Details
Income Details
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₹
Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
₹ 0
0%

SBI Gold Loan for ₹7 Lakh - Key Details

Interest Rate
7.5% p.a.
Monthly EMI
₹60,730
Total Interest
₹28,760
Total Payment
₹7,28,760
Min Income Required
₹97,952/mo
Processing Fee
0.50% + GST

A ₹7 Lakh gold loan from SBI at 7.5% interest for 1 years will cost you ₹60,730 per month as EMI. You will pay a total interest of ₹28,760 over the loan tenure. The minimum monthly income needed is ₹97,952 (assuming no existing EMIs).

Frequently Asked Questions

What is SBI gold loan EMI for ₹7 Lakh?

SBI Gold Loan EMI for ₹7 Lakh at 7.5% for 1 years is ₹60,730 per month.

What income do I need for ₹7 Lakh gold loan from SBI?

You need a minimum monthly income of ₹97,952 for a ₹7 Lakh gold loan from SBI (at 7.5% rate, assuming no existing EMIs).

What is the total interest on ₹7 Lakh gold loan from SBI?

The total interest payable on ₹7 Lakh gold loan from SBI at 7.5% for 1 years is ₹28,760.

What is SBI's processing fee for ₹7 Lakh gold loan?

SBI charges a processing fee of 0.50% + GST for Gold Loan.

Can I prepay my SBI gold loan?

SBI Gold Loan prepayment policy: Nil.

₹7 Lakh Gold Loan from Other Banks

HDFC BankFrom 8.50 - 16.50%ICICI BankFrom 10.00 - 16.00%Axis BankFrom 9.75 - 17.00%Kotak Mahindra BankFrom 10.00 - 17.00%Bank of BarodaFrom 7.70 - 9.70%PNBFrom 7.85 - 9.90%Canara BankFrom 7.65 - 9.65%Union BankFrom 7.80 - 9.80%Indian BankFrom 7.60 - 9.60%IDBI BankFrom 7.65 - 10.50%

Other SBI Gold Loan Amounts

₹1 LakhEMI ₹8,676/mo₹2 LakhEMI ₹17,351/mo₹3 LakhEMI ₹26,027/mo₹5 LakhEMI ₹43,379/mo₹10 LakhEMI ₹86,757/mo