Gold Loan EMI Calculator
Calculate eligible loan amount, monthly EMI and total interest on a gold loan. Works for banks (SBI, HDFC, ICICI) and NBFCs (Muthoot, Manappuram, IIFL).
Monthly EMI
₹29,089
For 12 months at 10.50% p.a.
Gold Value
₹4,40,000
Loan (75% LTV)
₹3,30,000
Total Interest
₹19,068
Total Payable
₹3,49,068
How the gold loan calculator works
A gold loan is a secured loan where you pledge gold jewellery, coins or bars as collateral. The Reserve Bank of India caps the loan-to-value (LTV) at 75% of the assessed gold value. Most lenders value pledged gold at the 22K rate, since that is the standard purity of Indian jewellery. The calculator multiplies your gold weight by the 22K rate to get gold value, applies the LTV percentage to find the maximum loan eligible, and then uses the reducing-balance EMI formula to compute monthly EMI for the chosen tenure and rate.
For full lender comparison and rate benchmarks, read Gold loan interest rates in India 2026. To decide between a gold loan and a personal loan, see Gold loan vs personal loan.
Disclaimer: EMI formula is reducing-balance. Processing fees, valuation charges, stamp duty and prepayment penalties are not included. Verify actual quotes with the lender before applying.
Frequently Asked Questions
How much loan can I get against 50 grams of 22K gold?+
At 75% LTV and ₹8,800/g rate, 50g of 22K gold = ₹4.4 lakh value × 75% = ₹3.3 lakh loan. RBI caps LTV at 75%; actual offers from lenders typically range 60-75%.
What is the lowest gold loan interest rate in India 2026?+
PSU banks (SBI, Bank of Baroda, Canara, PNB) offer starting rates of 8.95-9.25% p.a. for top-rated customers. Private banks 9.50-13.50%. NBFCs 9.00-22.00% depending on scheme.
Is gold loan EMI better than bullet repayment?+
EMI spreads payments evenly each month and has slightly lower total interest. Bullet repayment lets you pay only interest monthly and full principal at end — better for short-term cashflow but higher total interest.
What happens if I cannot repay the gold loan?+
After 60-90 days of default, the lender issues an auction notice and sells the pledged gold at public auction. Surplus (if any) is refunded; shortfall can be pursued legally.