Gold Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI) for gold loans in Indian Rupees
Amortization Schedule
Gold Loan Calculator
When you are in urgent need of funds, a gold loan often becomes one of the quickest and most convenient financial options. Since most households in India own gold jewelry, ornaments, or coins, pledging them to a bank or NBFC (Non-Banking Financial Company) can give you instant cash at attractive interest rates.
However, before applying, it is important to know exactly how much you need to repay every month. This is where a Gold Loan Calculator comes into play. It is an online tool that helps you calculate your EMI (Equated Monthly Instalment), interest outgo, and total repayment amount within seconds.
What is a Gold Loan Calculator?
A Gold Loan Calculator is a free online financial tool that helps borrowers get a clear idea of their repayment schedule. By entering details like:
• Loan Amount (based on the value of gold pledged)
• Rate of Interest (charged by the lender)
• Loan Tenure (duration of repayment)
…the calculator instantly shows you the monthly EMI, total interest payable, and the overall repayment amount.
This helps borrowers make informed decisions before applying for a gold loan.
Gold Loan Calculator Formula
A Gold Loan Calculator works on the same principle as other loan EMI calculators. It uses a mathematical formula to determine the exact monthly installment you need to pay.
The standard formula for calculating EMI is :
EMI = [P x R x (1 + R)^N] / [(1 + R)^N – 1] Where:-
• P = Principal Loan Amount (the amount you borrow against gold)
• R = Monthly Interest Rate (Annual Interest Rate ÷ 12 ÷ 100)
• N = Loan Tenure in Months
Why is This Formula Important?
• It shows exact repayment obligation before taking a gold loan.
• Helps you plan your monthly budget.
• Allows easy comparison between lenders offering different interest rates.
Gold Loan Eligibility
Gold loans have become one of the fastest-growing financial products in India. With minimum paperwork, instant disbursal, and lower interest rates compared to personal loans, they are an ideal solution for urgent financial needs. However, not everyone can avail of this facility. To qualify, you must meet the gold loan eligibility criteria set by banks and NBFCs (Non-Banking Financial Companies).
This guide explains everything you need to know about eligibility for a gold loan, the required documents, and tips to maximize your loan amount.
What is Gold Loan Eligibility?
Gold Loan Eligibility refers to the basic conditions that a borrower must meet to avail of a loan against gold jewelry, coins, or ornaments. Lenders decide eligibility based on factors like:
• Age of the borrower
• Ownership of gold
• Purity and value of gold
• Repayment capacity
If you meet the set criteria, you can easily pledge your gold and get funds within a few hours.
General Eligibility Criteria for Gold Loan
While the exact requirements may vary from lender to lender, here are the common criteria followed across banks and NBFCs:
1. Age Requirement
Minimum age: 18 years
Maximum age: 65-70 years (depending on the lender)
2. Nationality
Only Indian residents are eligible.
3. Ownership of Gold
The applicant must be the legal owner of the gold.
4. Gold Purity
Gold should be between 18 karats and 24 karats.
Higher purity = higher loan amount.
5. Type of Gold Accepted
Gold ornaments and jewelry.
Gold coins (usually up to 50 grams per customer as per RBI guidelines).
6. Employment Status
Both salaried and self-employed individuals can apply.
Housewives, farmers, and traders are also eligible (no income proof required in most cases).
Gold Loan Interest Rate
Gold has always been considered a secure financial asset in India. Apart from being a symbol of wealth, it is also a quick source of funds in times of need. With the rising demand for instant credit, gold loans have become one of the most preferred financial products offered by banks and NBFCs.
One of the most important factors to consider before applying for a gold loan is the interest rate. The rate of interest determines your EMI, repayment burden, and overall loan cost. This article explains everything about gold loan interest rates, factors affecting them, and tips to get the lowest rate.
What is Gold Loan Interest Rate?
A gold loan interest rate is the percentage charged by the lender on the amount borrowed against your pledged gold. This interest is paid along with the principal in the form of monthly EMIs, bullet payments, or overdraft facilities.
The rates usually range between 7% to 25% per annum, depending on the lender, borrower profile, and loan scheme chosen.
Gold Loan Per Gram
Gold loans are one of the fastest-growing financial solutions in India because of their quick processing and minimal documentation. Since most households own gold jewelry, pledging it for a loan has become an easy way to meet urgent financial needs. But before applying, one of the most common questions borrowers ask is – “How much loan can I get per gram of gold?”
This article will help you understand gold loan per gram value, factors that affect it, and how lenders calculate your loan eligibility.
What is Gold Loan Per Gram?
Gold Loan Per Gram refers to the amount of money a lender offers for every gram of gold pledged. The value is calculated based on:
• Purity of the gold (karat value)
• Current market price of gold
• Loan-to-Value (LTV) ratio decided by RBI and lenders
For example, if the per-gram gold price is ₹5,500 and the lender offers an LTV of 75%, then the loan per gram would be:
5,500 ×75% = ₹4,125 per gram
So, if you pledge 20 grams of gold, you may get:
20 × 4,125 = ₹82,500
FAQs
What is a Gold Loan Calculator?
A Gold Loan Calculator is an online tool that helps you estimate the loan amount you can get against your gold. It calculates the loan value based on factors such as:
How much loan can I get for 1g gold?
The loan amount you can get for 1 gram of gold depends on factors such as the purity of gold, current market price, lender’s loan-to-value (LTV) ratio, and eligibility criteria.
What is the minimum amount of Gold Loan I can get?
The minimum gold loan amount depends on the lender and the scheme you choose. For example, Muthoot Finance offers gold loans starting from as low as ₹1,500, making it accessible even for individuals who wish to pledge a small quantity of gold.
Other banks and NBFCs may have slightly higher minimum amounts, usually ranging between ₹1,000 to ₹5,000. The exact loan amount is determined by:
What is a DNS Gold Loan?
A DNS Gold Loan is a type of secured loan offered by DNS Bank, where you can pledge your gold jewelry or coins to get funds quickly. Since the loan is backed by gold as collateral, it offers several benefits such as: