EMI: ₹86,896/month at 7.8%. Min income: ₹1,40,155/month.
A ₹10 Lakh gold loan from Union Bank at 7.8% interest for 1 years will cost you ₹86,896 per month as EMI. You will pay a total interest of ₹42,752 over the loan tenure. The minimum monthly income needed is ₹1,40,155 (assuming no existing EMIs).
Union Bank Gold Loan EMI for ₹10 Lakh at 7.8% for 1 years is ₹86,896 per month.
You need a minimum monthly income of ₹1,40,155 for a ₹10 Lakh gold loan from Union Bank (at 7.8% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh gold loan from Union Bank at 7.8% for 1 years is ₹42,752.
Union Bank charges a processing fee of 0.50% + GST for Gold Loan.
Union Bank Gold Loan prepayment policy: Nil.