Gold Loan Calculator

Gold Rate: ₹ 5,121 Per Gram

⍟ Interest Rate 7.0% p.a. ⍟

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Lowest Rate of Interest
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

Gold Loan Eligibility Criteria

gold loan calculatorTo avail a gold loan you will be required to fulfil the following eligibility criteria:

  • Minimum Age: 21 years of age
  • Maximum Age limit: 65 years
  • Loan Amount: banks offer gold loan up to Rs 20 lakhs. The amount may extend up to Rs 2 crore for which high-interest rates are charged.
  • Employment Requirements: Gold loans are available for all individuals irrespective of their employment. Salaried employees, self-employed individuals and even house-wives with no source of income can avail a gold loan.
  • Gold as a Security: The gold to be deposited in the form of security should range between 18-24 carats. For purity, the average gold price of the previous 30 days for 22 carats is adjusted. The ornaments that can be used to keep as security include gold bars and coins with 18-24 carats purity.
  • CIBIL Score Requirements: As such there are no CIBIL score requirements to get a gold loan. But, previous payments history regarding gold loans may be evaluated to check your efficiency of repayments.
  • Documents Required: include only identity proof and address proof. No Income Proof is required to get a gold loan in India.

Gold Loan EMI Calculator

Gold Loan Rate per gram

The Gold Loan Calculator calculates the amount of gold loan available per gram based on the purity level of jewellery, its weight, the average value of 22-carat gold in the past 30 days and LTV provided by your bank. This average value has to be adjusted down for purity before multiplying it with the LTV of your bank.

Gold Loan EMI Calculator

The gold loan calculator helps you to calculate the EMI amount that you are required to pay every month in the form of monthly instalments. An EMI is calculated depending upon your loan amount and the tenure of the loan, upon which the interest rates are charged. The key areas that a Gold loan calculator considers are:

  • Higher the loan amount, higher the EMI amount.
  • Higher the interest rates, higher the EMI amount.
  • Higher the loan tenure, lower the EMI amount.

What is a Bullet Repayment Scheme?

Bullet Repayment Scheme allows the applicants to pay the interest amount in the form of EMIs while the principal amount is paid at the end of the tenure period. The main features of a Bullet Repayment Scheme are:

  • With Bullet Repayment Scheme there is no need to make heavy payments every month.
  • It is the best option available for short tenure loans, especially gold loan of up to 6 months.

Gold Loan EMI Payments


  • EMI allows a loan applicant to make easy payments every month that saves him/her from the burden of payments altogether.
  • EMI options are best suitable for long-term loans.
  • The rate of interests is lower in EMI payments as compared to the Bullet Repayment Scheme.


  • EMI payments can be a burden for some as instalments are required to be paid every month.

FAQs on Gold Loan Eligibility:

  • When should you opt for a gold loan?

Gold loan is a secured loan. In case you are in urgent need of cash requirement and don’t have the necessary CIBIL score and income, then you can opt for a gold loan by keeping your gold jewellery in form of security with the banks.

  • How to calculated gold loan interest rates?

Just calculate the total amount you are required to pay by the end of the loan tenure using our Gold loan calculator. Then, subtract the total amount payable from the principal amount to know about your gold loan interest rate.

  • How to calculate gold loan EMI amount?

Using a gold loan calculator you can easily calculate the gold loan EMI amount.

  • What payment options are available to repay a gold loan?

You can repay your gold loan using either an EMI option in which the principal amount and interest rates are paid every month for a fixed tenure or can use Bullet Repayment Scheme for repayment options in which the interest rates are paid every month while the principal amount is to be paid at the end of the loan tenure.