Gold Loan Calculator
Estimate gold loan EMI, interest cost, and loan-to-value ratio
Unit: ₹
Unit: %
Unit: months
Current market value of your gold • Unit: ₹
Monthly EMI
₹26,305
Total Interest
₹15,661
Loan-to-Value Ratio
75.00%
How this calculator works
Gold loan calculator — EMI, total interest, and LTV estimate based on gold weight, purity, and loan amount.
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Quick tips
- •RBI caps gold loan LTV at 75% for banks and NBFCs.
- •Gold loans offer some of the lowest interest rates since they are fully secured.
- •Bullet repayment (pay interest monthly, principal at end) is common for short tenures.
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Gold Loan Calculator
Use this gold loan calculator to estimate your monthly EMI, total interest cost, and loan-to-value ratio based on your gold's market value.
Formula: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
- RBI caps gold loan LTV at 75% for banks and NBFCs.
- Gold loans offer some of the lowest interest rates since they are fully secured.
- Bullet repayment (pay interest monthly, principal at end) is common for short tenures.
Frequently Asked Questions
What LTV can I get on a gold loan?
RBI permits up to 75% loan-to-value ratio. If your gold is worth Rs 4 lakh, you can borrow up to Rs 3 lakh.
Is gold loan interest tax-deductible?
Only if the loan is used for business purposes. Gold loans for personal use do not qualify for tax deduction.