Gold Loan Calculator

Calculate gold loan amount, EMI, and interest based on gold weight, purity, current gold rates, and LTV ratio

Current 22K gold rate

Loan Eligibility

₹0.00 Eligible Loan Amount
₹0.00 Gold Value
0.0g Pure Gold Weight
Gold Purity: 22K
LTV Ratio: 75%
Rate per Gram: ₹0.00

EMI Calculation

₹0.00 Monthly EMI
₹0.00 Total Interest
₹0.00 Total Payment
Principal Amount: ₹0.00
Interest Rate: 0.00% p.a.
Loan Duration: 0 months

Rate Comparison

₹0.00 Total Savings
₹0.00 Bank A Total Cost
₹0.00 Bank B Total Cost
Better Option: --
EMI Difference: ₹0.00
Cost Savings: 0.00%

How to Use the Gold Loan Calculator

Our comprehensive gold loan calculator provides essential tools for gold loan planning and decision making:

🥇 Loan Eligibility Calculator

Calculate loan amount using formula: Loan Amount = Gold Value × LTV Ratio. Gold value depends on weight, purity, and current rates. Standard LTV ratios: 70% (regular), 75% (premium), 80% (agricultural). Higher purity gold fetches better rates[274][276].

💰 EMI Calculator

Gold loan interest calculated using simple interest: Interest = Principal × Rate × Time/100. EMI options include monthly EMI, interest-only payments, or bullet repayment. Interest rates range 10-24% based on lender type and loan amount[278][280].

⚖️ Rate Comparison Tool

Compare different lenders' rates including processing fees. Banks offer 10-14% rates, NBFCs 12-18%, online lenders 14-24%. Consider total cost including fees, not just interest rate. Even 1% difference saves significant amount over tenure[274][283].

Key Features: Quick disbursement (within hours), minimal documentation, flexible repayment options, competitive rates. Gold remains safe in bank lockers. Suitable for emergency funding, business needs, or leveraging idle gold assets[277][278].

Frequently Asked Questions

How is gold loan amount calculated?
Gold loan amount = Gold Market Value × LTV Ratio. Gold value depends on weight, purity (18K-24K), and current gold rates. LTV ratios typically range from 70-80%. For 50g of 22K gold at ₹6,500/gram with 75% LTV: Loan = (50 × 6,500) × 0.75 = ₹2,43,750[274][276].
What are current gold loan interest rates?
Gold loan rates vary by lender: Public sector banks 10-12%, Private banks 11-14%, NBFCs 12-18%, Online lenders 14-24%. Rates depend on loan amount, tenure, customer profile, and lender policies. Agricultural gold loans get preferential rates[278][280].
What gold purity is accepted for loans?
Most lenders accept 18K to 24K gold. Higher purity fetches better loan amounts. 22K and 24K gold get maximum rates, while 18K gets reduced rates. Gold coins, bars, and jewelry are accepted. Antique jewelry may have different valuation methods[277][286].
What are different gold loan repayment options?
Gold loan repayment options: Monthly EMI (principal + interest), Interest-only monthly payments with bullet principal, Quarterly payments, Bullet payment at maturity. Interest-only option reduces monthly burden but increases total interest cost[274][283].
Are there any additional charges in gold loans?
Additional charges include: Processing fee (₹500-5,000), Valuation charges (₹100-500), Storage/locker charges, Late payment penalty, Part-prepayment charges. Compare total cost including all fees when choosing lender. Some lenders waive processing fees during promotional periods[278][283].