₹1 lakh Gold Loan EMI for 3 Years
Gold loans are among the cheapest secured borrowing options in India. For a ₹1 lakh gold loan over 3 years at 11%, your monthly EMI is roughly ₹3,274. Total interest over the tenure is about ₹17,859. Cheaper than personal loans (11–24%), significantly cheaper than credit card borrowing. Use this page to compare EMIs at different rates.
Rate Comparison for ₹1 lakh / 3 Years
| Rate | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 8% | ₹3,134 | ₹12,811 | ₹1,12,811 |
| 10% | ₹3,227 | ₹16,162 | ₹1,16,162 |
| 12% | ₹3,321 | ₹19,572 | ₹1,19,572 |
| 15% | ₹3,467 | ₹24,795 | ₹1,24,795 |
About This Scenario
Gold loans are among the cheapest secured borrowing options in India. For a ₹1 lakh gold loan over 3 years at 11%, your monthly EMI is roughly ₹3,274. Total interest over the tenure is about ₹17,859. Cheaper than personal loans (11–24%), significantly cheaper than credit card borrowing. Use this page to compare EMIs at different rates.
Frequently Asked Questions
What is the maturity of ₹1 lakh monthly RD for 3 years?
At 7% quarterly-compounded, a ₹1 lakh monthly RD for 3 years matures at ₹3,274. Of this, ₹17,859 is interest earned.
Is RD interest taxable?
Yes. Treated exactly like FD interest — taxable under 'Income from Other Sources' at your slab rate. TDS applies if annual interest from the bank exceeds ₹40,000 (₹50,000 for senior citizens).
RD vs SIP — which is better?
RD gives guaranteed but lower returns (6–7.5%) with sovereign-level safety. SIP in equity mutual funds targets 11–14% historically with market risk. For 5+ year horizons, SIP typically creates 2–3x more wealth.
Can I skip an RD instalment?
Most banks allow 2–4 missed instalments without penalty, but later missed instalments can lead to account closure. Set up auto-debit to avoid the issue.