Gold Loan EMI Calculator – Estimate Your Repayment on a Loan Against Gold
This Gold Loan EMI Calculator estimates your monthly installment on a loan taken against your gold jewellery or ornaments. Enter the loan amount, annual interest rate, and repayment tenure to instantly see your EMI, total interest payable, and total repayment amount. Use it to plan your repayment before pledging your gold with a lender.
Planning a financial goal or looking for the best offers? Compare and calculate your requirements instantly with zero hassle.
Gold Loan EMI Calculator
EMI Calculation Results
What is a Gold Loan EMI Calculator?
A Gold Loan EMI Calculator is an online tool that estimates your monthly installment on a loan taken against pledged gold jewellery or ornaments. Enter the loan amount, annual interest rate, and repayment tenure to instantly see your EMI and total interest payable. Since gold loans are secured against the value of your pledged gold, they typically carry lower rates than unsecured personal loans.
How to Use Gold Loan EMI Calculator – 3 Step Flow
Streamline your finances with an easy, automated process — calculate, plan, and achieve your financial goals.
Enter your loan amount
Input the loan amount your lender has sanctioned based on the value of your pledged gold. As per RBI guidelines, lenders can offer a maximum loan-to-value (LTV) of 75% of the gold's current market value. The amount you enter should reflect what has been sanctioned, not the total gold value.
Enter the interest rate and tenure
Input the annual interest rate your lender has quoted and the repayment tenure in months. Gold loan interest rates typically range from 8% to 18% per annum depending on the lender and loan type. Tenures are usually shorter than other loans, commonly 3 to 36 months.
Review your EMI and total cost
The calculator instantly shows your monthly EMI, total interest payable, and total repayment amount. If your lender offers a bullet repayment option, where you repay only interest monthly and the principal at the end, use the interest-only amount as a reference, not the EMI figure shown here.
How is Gold Loan Amount and EMI Calculated?
Unlike personal loans, the loan amount on a gold loan is not based on your income, it is based on the market value of the gold you pledge.\n\nGold loan amount calculation:\nLoan Amount = Weight of Gold (grams) × Purity Factor × Current Market Price × LTV Ratio\n• Only the gold content is valued, stones, making charges, and alloys are excluded\n• Gold purity is assessed at the time of pledging (22-karat gold is standard)\n• The maximum LTV ratio permitted by the RBI is 75% of the assessed gold value\n\nEMI Formula (reducing-balance method):\nEMI = [P × R × (1 + R)^N] ÷ [(1 + R)^N – 1]\n\nExample:\nGold pledged: 20 grams of 22K gold at ₹6,000/gram Assessed value = 20 × ₹6,000 = ₹1,20,000 Maximum loan (75% LTV) = ₹90,000\nLoan amount: ₹90,000 | Interest rate: 10% p.a. | Tenure: 12 months\nMonthly rate (R) = 10 ÷ 12 ÷ 100 = 0.00833\nEMI ≈ ₹7,913 per month\nTotal repayment ≈ ₹94,956\nTotal interest paid ≈ ₹4,956\n\nGold loan interest rates and gold market prices change frequently. The EMI shown is an estimate based on the inputs you enter. Confirm the applicable rate and sanctioned amount directly with your lender.
| Repayment Type | How It Works | Best For |
|---|---|---|
| EMI (reducing balance) | Equal monthly payments covering principal + interest | Those with steady monthly income |
| Bullet repayment | Interest paid monthly; full principal at end | Those expecting a lump sum later |
| Overdraft | Interest on amount used; flexible repayment | Business or irregular cash flow needs |
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