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Gold Loan Calculator

Estimate how much loan you can get against your gold jewelry. Adjust the weight, purity, and LTV ratio to see your potential loan amount.

Loan Parameters
Enter your gold details below.
10g
₹

* Default rate is estimated based on selected purity. You can edit this for accuracy.

75%

* Most banks offer up to 75% LTV. Some NBFCs may offer higher.

Maximum Loan Amount
₹48,750
Total Gold Value₹65,000
Applied LTV75%
Monthly Interest Est.
₹488@ 12% p.a.
Eligibility Requirements
Age must be between 18 to 75 years
Provide minimal KYC documents
Gold provided as collateral
Purity should be atleast 18 Karat

Understanding Gold Loans

A gold loan is a secured loan where you pledge your gold ornaments as collateral with a bank or a non-banking financial company (NBFC). The lender in turn, gives you a loan amount as per the market value of your gold.

Benefits of Gold Loan

  • Quick Disbursal: Since it's a secured loan, processing is minimal and often cleared within hours.
  • No Income Proof: Your credit score or income history is less critical as gold serves as security.
  • Lower Interest Rates: Compared to personal loans, gold loans usually carry lower interest rates.

Required Documents

  • Identity Proof (Aadhaar, PAN, Voter ID)
  • Address Proof (Passport, Driver's License)
  • Passport size photographs

How is Gold Loan Interest Calculated?

Interest rates for gold loans typically range from 7% to 29% per annum depending on the lender and LTV ratio. The interest is calculated only on the amount disbursed, and you can choose to pay just the interest component monthly and the principal at the end of the tenure (Bullet Repayment).