Gold Loan
Gold Loan Calculator
Calculate the loan amount you can get against your gold, along with monthly EMI and total interest. Popular in India and Southeast Asia.
- Gold Market Value
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- Loan Eligibility
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- Monthly EMI
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- Total Interest
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- Total Payment
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EMI uses reducing-balance formula. Rate current as of 2025 — verify with your lender. Not financial advice.
Frequently Asked Questions
How is EMI on a gold loan calculated?+
EMI = P × r × (1+r)^n / [(1+r)^n − 1], where P = loan amount, r = monthly interest rate, n = tenure in months. This is the standard reducing-balance formula.
What is the typical LTV for gold loans?+
In India, RBI mandates a maximum LTV of 75% for gold loans by banks. NBFCs may offer up to 90%. Internationally, 70–80% is typical.
What are current gold loan interest rates?+
In India: 7–18% p.a. depending on lender (banks vs NBFCs). International gold loan rates: 5–12% p.a. Verify with your lender.
Is gold loan better than personal loan?+
Gold loans typically have lower interest rates than personal loans (since gold is collateral) and faster disbursement. The risk is losing your gold if you default.
What happens if I don't repay a gold loan?+
The lender auctions the gold collateral to recover the outstanding loan. There is no impact on credit score since gold is pledged, not your creditworthiness.