EMI: ₹17,379/month at 7.8%. Min income: ₹28,031/month.
A ₹2 Lakh gold loan from Union Bank at 7.8% interest for 1 years will cost you ₹17,379 per month as EMI. You will pay a total interest of ₹8,548 over the loan tenure. The minimum monthly income needed is ₹28,031 (assuming no existing EMIs).
Union Bank Gold Loan EMI for ₹2 Lakh at 7.8% for 1 years is ₹17,379 per month.
You need a minimum monthly income of ₹28,031 for a ₹2 Lakh gold loan from Union Bank (at 7.8% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh gold loan from Union Bank at 7.8% for 1 years is ₹8,548.
Union Bank charges a processing fee of 0.50% + GST for Gold Loan.
Union Bank Gold Loan prepayment policy: Nil.