HDB Gold Loan Calculator


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What is the HDB Gold Loan Calculator?

Dialabank’s website provides you with an HDB Gold Loan Calculator that you can use effortlessly to borrow money from any bank or a non-banking financial company after they have submitted the gold that is in their possession as collateral. The increase in the gold prices will allow every applicant gets an excellent value on their gold ornaments as the value of the jewellery usually affects the amount of loan which has to be approved.

The HDB Gold Loan Calculator will figure out the amount of EMI that you will have to pay for the loan amount that you borrowed. You can try different combinations of various interest rates and tenures that are offered by all banks to make sure that you get the best option available.

About Gold Loan

A gold loan is a secured loan that is arranged by the banks against collateral and which provides the borrowers with the required loan by keeping the gold jewellery and coins with them until the borrower repays the money. A gold loan is offered for short to medium-term duration. The process usually takes only a few minutes, and it does not require any paperwork because you provide the bank with collateral. When you apply for the gold loan, you will be able to leverage the Calculator for a gold loan so that he or she can calculate the monthly payouts in place of the loan.

Why is Gold Loan preferred?

A gold loan is a suitable choice of loans for people to meet some immediate financial requirements for many reasons. Some of those reasons include:

  • Gold loans provide a low rate of interest as compared to all the other available choices, such as a personal loan.
  • The tenure of a gold loan is very flexible, ranging from a few days to 5 years.
  • Many banks and NBFCs don’t ask for any pre-payment fees on gold loans.
  • You need only a few documents for it.
  • The loan is also disbursed very fast.

Benefits of Using HDB Gold Loan Calculator 

The benefits of an HDB Gold Loan Calculator are as follows:

  • As the gold prices are increasing, the HDB Gold Loan Calculator supports you find the best value for your gold because this sanctioned loan value depends on the value of the jewellery.
  • Our Gold Loan Calculator has a user interface that ensures that the calculations are done fast and exactly.
  • The software uses the modern Gold Loan per gram prices for calculations.

Gold Loan Eligibility Criteria 

To avail of a gold loan, you will have complete the following eligibility criteria:

  • Minimum Age: 21 years.
  • Maximum Age limit: 65 years.
  • Loan Amount: Banks offer a gold loan of up to Rs 20 lakhs, and the amount can extend up to Rs 2 crore.
  • Employment Requirements: Gold loans are available for everyone irrespective of their job. Every salaried employee, self-employed individual, and even homemaker will be able to pay for the loan.
  • Gold as a Security: The gold can be submitted in security should range between 18-24 carats. The average gold price of the previous 30 days for 22 carats is adjusted. Ornaments such as gold bars and coins with 18-24 carats purity can be utilized.
  • CIBIL Score Requirements: There is no CIBIL score needed to get a gold loan, although, last payment history regarding gold loans has to be evaluated to check your efficiency of repayments.
  • Documents Required: You should include identity proof and address proof. No Income Proof is required to get a gold loan in our country.

Gold Loan Eligibility Calculator

Minimum and Maximum Age 21 Yrs – 65 Yrs
Note: However, many banks require a minimum age of 23 years
Loan Amount
  • Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh
  • Interest rates are lower for a higher loan amount
Employment Type
  • Salaried and self-employed both are eligible
  • Businessmen are increasingly taking gold loans to meet their working capital requirements.
  • Housewives, senior citizens who are not eligible for other loans because they have no income proof, can easily avail of a gold loan.
Quality of Gold
  • Gold ornaments should range in between 18 to 24 Carats
  • An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the cost of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
  • Banks do not check CIBIL score for granting a gold loan
  • However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
Gold ornaments that can be used for availing loan
  • Gold bars and coins
  • Gold with 18-24 carat purity
Employment track record and income proofs Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.

HDB Gold Loan Calculator

Gold Loan per gram ₹ 2,776 to ₹ 3,393
Eligible Age 18 to 75 years
Loan Amount Eligibility ₹ 1,000 to ₹ 2,00,00,000
Lowest Gold Loan Interest Rates 9.50%

Gold Loan EMI Payments


  • The EMI allows a loan applicant to make easy payments every month that saves him/her from the burden of payments altogether.
  • The EMI options are suitable for long-term loans.
  • The rate of interest 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 back every month.

What is Bullet Repayment Scheme 

A bullet repayment is a lump sum payment made for the whole of an outstanding loan amount post maturing. It can also be a single payment of principal on a bond. These kinds of loans with bullet repayments are also called balloon loans. These types of loans are usually used in mortgages to reduce monthly payments during the tenure of the loans.

EMI Gold Loan Scheme with Bullet Repayment Scheme Comparison

Monthly Payment EMI Scheme (₹) Bullet Repayment (₹)
Month 1 27,007 3,625
Month 2 27,007 3,625
Month 3 27,007 3,625
Month 4 27,007 3,625
Month 5 27,007 3,625
Month 6 27,007 3,625
Month 7 27,007 3,625
Month 8 27,007 3,625
Month 9 27,007 3,625
Month 10 27,007 3,625
Month 11 27,007 3,625
Month 12 27,007 3,625
Bullet Payment (At the end of 12 months) ₹ 3 Lakh
Total Payment ₹ 3.24 Lakh ₹ 3.44 Lakh

Why opt for a Bullet Repayment Scheme?

It would help if you opted for Bullet Repayment Scheme for the following reasons:

  • It saves you from the burden of repaying the principal every month.
  • It is suitable for short tenure gold loans of less than 6 months.
  • It helps if you apply for a flexible repayment schedule where you can choose to pay the interest on the loan as monthly EMIs and the principal payment in one instalment at the end of the loan tenure. Some of the banks also offer the flexibility of paying some portion of the principal as part of your monthly payments.

Why not opt for a Bullet Repayment Scheme?

  • Some banks may offer a very low LTV and charge a higher interest rate on bullet repayment loans.
  • You end up paying higher interest on your bullet repayment loan as it is not a reducing balance loan. The effective rate of interest is higher in a bullet repayment loan even when the quoted interest rate is the same as that of the EMI Gold Loan.

Compare Gold Loan Rate Per Gram and Lowest EMI of All banks 

Bank Interest Rate Lowest EMI Per Lakh Eligible Loan Amount For Max Tenure
SBI Gold Loan 7.50% Rs. 3,111 Rs. 20 Lakh for 36 months
Muthoot Gold Loan 11.99% Rs. 3,321 Rs. 50 Lakh for 36 months
Manappuram Gold Loan 12.00% Rs. 8,885 Rs. 1 Cr for 12 months
HDFC Bank Gold Loan 9.50% Rs. 4,591 Rs. 50 Lakh for 24 months
Yes, Bank Gold Loan 9.99% Rs. 3,226 Rs. 50 Lakh for 36 months
Private Bank 10.00% Rs. 8,792 Rs. 15 Lakh for 12 months
Federal Bank 8.50% Rs. 8,722 Rs. 75 Lakh for 12 months
Canara Bank 7.65% Rs. 8,683 Rs. 10 Lakh for 12 months
Andhra Bank 10.70% Rs. 8,824 Rs. 2 Cr for 12 months
Axis Bank 13.00% Rs. 4,754 Rs. 20 Lakh for 24 months
IndusInd Bank 10.00% Rs. 8,792 Rs. 10 Lakh for 12 months
PNB 8.75% Rs. 8,734 Rs. 10 Lakh for 12 months
Fincare Small Finance Bank 12.99% Rs. 11,721 Rs. 40 Lakh for 9 Months

How does Dialabank’s HDB Gold Loan Calculator work?

To use HDB Gold Loan Calculator at Dialabank, you would need to provide them with a few key details:

  • The interest rate that is offered by the banks providing you with a Gold Loan
  • The loan amount of the subscribed or required Gold loan principal
  • The time interval of the loan

The Calculator would instantly calculate the monthly instalments that are to be paid by the borrower after this.

Why should you use the Calculator tool by Dialabank?

To calculate the Gold Loan Equated Monthly instalments (EMIs), the Calculator can assist you in several ways:

  • It redeems you from hours of tedious and fault-prone calculations.
  • It incorporates the latest gold prices into the calculation.
  • It allows you to look into different options to find the Gold loan that is suitable for your requirement.
  • By knowing the EMI that is payable, you can adjust your monthly budget so that you can make timely payments for your gold loan.

FAQs About HDB Gold Loan Calculator

✅ Who is eligible for a gold loan?

Any Indian who is aged between 18 and 70 years and owns gold jewellery and coins (gold bars and gold coins more than 50 grams each are currently not accepted as collateral for a gold loan) can apply for a gold loan with minimum documentation.

 What is the tenure for a gold loan?

The tenure of a gold loan can range from a few days to a few months. In rare cases, a gold loan may feature a tenure of a few years. However, this would be at the discretion of the bank and the actual loan amount disbursed.

✅ What happens to the gold as collateral?

Once you put up the loan as collateral for a gold loan, the gold ornaments or coins are held by the bank or NBFC (non-banking financial company) in its secure vault till the loan amount with interest is repaid in full.

✅ Why apply for a gold loan through Dialabank?

When you opt for a gold loan through Dialabank, you can conveniently check the interest rates, processing fees, foreclosure/pre-payment charges on the gold loan offers provided by leading banks and NBFCs operating in India. This information is present free of charge to you and assists you in zero in on gold loan offers that are most appropriate to your condition.

✅ How to use the HDB Gold Loan Calculator?

The easy-to-use HDB Gold Loan Calculator uses key gold loan data such as loan principal, tenure, and applicable interest rate to provide you with an approximation of your equated monthly instalments for a specific loan. This facility is provided to you free of charge and for an unlimited number of times for your benefit.