Gold Loan Calculator
Calculate your gold loan eligibility, interest rates, and repayment options. Based on RBI guidelines with standard 75% LTV ratio. Compare bullet repayment vs EMI options across different lenders.
RBI Guidelines: Banks can lend up to 75% of gold value (LTV ratio). Interest rates typically range from 8.75% (SBI) to 24% (NBFCs). Learn more
Enter Gold Details
Net weight after removing stones
Select purity marked on your gold
Current 24K gold rate per gram
Maximum 75% as per RBI
Maximum 36 months as per RBI
Eligible Loan Amount
@ 75% LTV
Total Gold Value
Before LTV
Total Interest Payable
Loan Details
Compare Interest Rates Across Lenders
| Lender Type | Interest Rate | Monthly Interest* | Total Interest* |
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* Based on current loan amount and 12-month tenure
Gold Purity Guide
Current Interest Rates
Gold Loan Tips
- Public banks offer lowest rates (8.75-9.50%)
- Higher purity = Higher loan amount
- Compare processing fees (0.5% - 2%)
- Check prepayment charges
Frequently Asked Questions
What is the maximum loan amount I can get against gold?
As per RBI guidelines, banks and NBFCs can offer up to 75% of your gold value as loan (LTV ratio). For example, if your gold is worth ₹1,00,000, you can get a loan up to ₹75,000. Some banks offer up to 80-85% LTV for agricultural purposes.
How is gold loan interest calculated?
Gold loan interest can be calculated in three ways: (1) Bullet repayment - pay interest monthly and principal at the end, (2) EMI based - pay fixed monthly installments like a regular loan, (3) Upfront deduction - interest deducted from loan amount disbursed. Interest rates typically range from 8.75% to 24% depending on the lender.
What purity of gold is accepted for gold loans?
Banks generally accept gold jewelry and coins with purity ranging from 18K to 24K. 22K gold (916 fineness) is the most commonly accepted in India. The purity factor affects your loan amount - 24K gold gets the highest valuation.
What documents are required for a gold loan?
For loans up to ₹2 lakhs, you need identity proof (Aadhaar/PAN) and address proof. For loans above ₹2 lakhs, PAN card is mandatory. Agricultural gold loans require land proof and farmer ID. The gold ornaments/coins themselves serve as collateral.
What happens if I don't repay the gold loan?
If you default on repayment, the bank will issue a 14-day notice before auctioning your gold. The auction proceeds are used to recover the loan amount, and any excess amount is returned to you. Default may also affect your credit score for future borrowings.