Gold Loan Calculator

Gold Loan Calculator – Instantly Calculate Loan Amount, EMI & Interest

A Gold Loan Calculator helps you quickly estimate the eligible loan amount, monthly EMI, interest cost, and total repayment based on the weight and purity of your gold ornaments. Whether you’re planning to borrow against gold for personal, medical, or business needs, this calculator provides instant clarity and financial planning insights.

What Is a Gold Loan?

A gold loan is a secured loan where you pledge your gold jewelry or coins as collateral to borrow money from a bank or NBFC. The loan amount is primarily based on the current market price of gold and the purity of the gold you provide. These loans are popular in India due to minimal documentation, fast processing, and no need for a credit score.

How to Use This Gold Loan Calculator?

• Enter the 24K gold rate per gram as per the current market.
• Add your gold ornaments by selecting the purity in carats (e.g., 22K, 20K) and specifying the weight in grams.
• You can add multiple ornaments of different purities and weights.
• Enter the Loan-to-Value (LTV) ratio (typically 75%, but customizable).
• Fill in the interest rate, tenure (in months), moratorium period, and processing fee, if applicable.
• The calculator will automatically display your loan amount eligibility, EMI, total interest, and total repayment.
• You can also view the amortization schedule and export the data in PDF or CSV format.

Features of This Calculator

• Supports multiple gold ornaments with different carats and weights.
• Real-time calculation without needing a ‘Calculate’ button.
• Responsive layout – works great on mobile, tablet, and desktop.
• Allows custom LTV ratio, moratorium handling (Pause EMI or Pay Full), and decimal interest rates.
• Scroll-friendly amortization table with export to PDF/CSV functionality.

Formula Used for EMI Calculation

The EMI (Equated Monthly Installment) is calculated using the standard formula:

EMI = [P × R × (1 + R)N] / [(1 + R)N - 1]

Where:

• P = Principal Loan Amount
• R = Monthly Interest Rate (Annual Rate / 12 / 100)
• N = Loan Tenure in Months

The calculator also accounts for moratorium options where interest may accumulate without repayment for a few months, depending on your selection.

Example: How the Calculator Works

Let’s say you have two gold ornaments:

• 22K gold chain weighing 50 grams
• 20K gold bangle weighing 30 grams

If the 24K gold rate is ₹10,000 per gram and you choose 75% as the LTV ratio with a 12% annual interest rate for 12 months:

• The total gold value will be calculated after adjusting for purity.
• The eligible loan amount (75% of gold value) will be shown instantly.
• Your monthly EMI, total interest, and processing fee will be calculated.

Benefits of Using a Gold Loan Calculator

• Saves time by giving accurate EMI and interest figures in real time.
• Helps you plan better by knowing the exact loan you can expect.
• Allows comparison of loan amounts based on varying gold rates or purities.
• No personal data is required – it is completely secure and free to use.

Limitations to Keep in Mind

• The calculator uses indicative gold rates – actual rates may vary by lender.
• Exact loan amounts are subject to the lender’s internal assessments and policies.
• Only supports weights in grams and purities in standard carats (8K to 24K).

Frequently Asked Questions (FAQs)

1. What is the maximum LTV allowed for a gold loan?

Most lenders offer up to 75% of the gold value, but some may offer slightly more depending on risk profiles and customer history.

2. Can I use this calculator for gold coins or bars?

Yes, as long as you know the purity (carats) and weight in grams, you can calculate the value of any gold item.

3. How accurate is the EMI shown?

The EMI is mathematically accurate based on your inputs. However, actual loan offers may include taxes, prepayment fees, or other charges not included here.

4. Does the calculator work for interest-only or bullet repayment gold loans?

No. This calculator assumes regular EMI repayment. It does not currently support bullet repayment or interest-only models.

5. Can I share or download the results?

Yes! You can export the results to PDF or CSV format and share them using the built-in options.

Conclusion

The Gold Loan Calculator is an essential tool for anyone planning to pledge gold to meet short-term financial needs. Whether you’re comparing lenders or simply exploring options, this calculator provides clear, accurate, and instant insights to help you make confident borrowing decisions. Try it now and plan your gold-backed loan smartly!