Gold Loans: SBI To Canara Bank-7 Banks With Low Interest Rate

2024-07-19 03:30:24

(MENAFN- AsiaNet News) Loan against gold: Bank of India, Indian Bank, and Bank of Baroda provide interest rates ranging from 8.8 to 9.15 per cent on a Rs 5 lakh gold loan with a one-year duration.

According to BankBazaar, these seven banks provide gold loans beginning at 8.8% on a Rs 5 lakh loan for one year.

The Bank of India charges 8.8% on a one-year Rs 5 lakh gold loan, the lowest bank gold loan rate. This EMI is Rs 43,360.

Indian Bank provides a one-year Rs 5 lakh gold loan at 8.95%. The monthly payment is Rs 43,390.

Canara Bank, HDFC Bank, and ICICI Bank charge 9% on one-year Rs 5 lakh gold loans. The EMI is Rs 43,400.

Bank of Baroda charges 9.15 per cent on a one-year Rs 5 lakh gold loan. Borrowers pay Rs 43,430 EMI.

Union Bank of India and Punjab National Bank charge 9.25 per cent on a one-year Rs 5 lakh gold loan. Borrowers pay Rs 43,450 EMI.

SBI provides a two-year gold loan of Rs 5 lakh at 9.6%. Borrowers pay Rs 43,615 EMI.

Axis Bank charges 17% interest on a one-year Rs 5 lakh gold loan. EMIs will be Rs 44,965.

MENAFN19072024007385015968ID1108458185

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.