🏦 Gold Loan Calculator

India has over 25,000 tonnes of household gold — the largest private gold holding in the world — and a thriving gold loan industry that has grown to ₹8+ lakh crore in outstanding loans. Gold loans allow any gold owner to access liquidity immediately without selling their gold, without a credit check, and often within 30 minutes of walking into a branch. For a country where gold is a primary savings vehicle and formal credit access is limited, gold loans are a critical financial tool.

The mechanics are straightforward: you pledge gold jewellery or coins to a lender; they assess purity and weight; you receive up to 75% of the assessed value as a loan (the RBI LTV cap for regulated lenders). You pay interest monthly or at the end of tenure; at loan closure, you get your gold back. This calculator gives you the full picture: eligible loan amount based on your gold's current market value, EMI breakdown for different tenures, and total interest cost — so you can compare offers before walking into any branch.

Critical comparison point: NBFC gold loan rates (12–24% p.a.) vs bank gold loan rates (8–11% p.a.). On a ₹2 lakh loan for 12 months, the difference between 10% and 18% interest is ₹8,000 in total interest paid. Banks are cheaper but slower; NBFCs are faster but costlier. Use this calculator to run both scenarios and decide which matches your need — emergency vs planned borrowing. Compare your gold loan against personal loan economics using our Personal Loan Calculator.