Gold Loan EMI Calculator

A gold loan is a secured loan where you pledge your gold jewellery, coins, or bars as collateral with a lender. In return, you receive a loan amount typically ranging from 65–90% of the gold's market value (loan-to-value ratio or LTV). The gold is held safely by the lender until the loan is fully repaid, after which it is returned to you. Gold loans offer fast disbursal — often within the same day — making them popular for emergency funding needs.

Gold loan interest rates in India typically range from 7% to 16% per annum depending on the lender (bank vs NBFC), loan amount, and tenure. Banks usually offer lower rates than NBFCs, while NBFCs offer faster processing. Gold loan rates are generally lower than personal loan rates because the loan is secured. This calculator uses the rate you input, so try different rates to compare lenders.

As per RBI guidelines, the maximum LTV ratio for gold loans from banks is 75%. For NBFCs, the cap is 75% of the gold's appraised value (based on the average of the closing price of 22-carat gold for the preceding 30 days). The actual amount depends on the purity and weight of your gold.

Yes. Most lenders allow early repayment of gold loans, though some may charge a prepayment penalty — typically 1–2% of the outstanding amount. It is advisable to check the lender's prepayment terms before taking a loan. Paying off early reduces your total interest burden, as shown in the payment schedule above.