Gold Loan Calculator
Calculate the monthly EMI, total interest, and total repayment for a gold loan based on the loan amount, interest rate, and tenure you enter.
- Free to use
- Accurate results
- No registration required
- Works on all devices
Your result
₹6,991.18
Monthly EMI
AI explanation
Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)Worked example
₹1,50,000 gold loan at 11% for 2 years
| Field | Value |
|---|---|
| Gold loan amount | 150000 |
| Interest rate (per annum) | 11 |
| Loan tenure (months) | 24 |
| Monthly EMI | 6991.18 |
| Total interest payable | 17788.32 |
| Total payment (principal + interest) | 167788.32 |
Assumptions
- Uses the standard reducing-balance (amortizing) EMI formula.
- Assumes a fixed interest rate for the full tenure.
- Many gold loans in India also offer bullet-repayment (pay interest periodically, principal at maturity) or overdraft-style options — this calculator models the EMI option only.
Frequently asked questions
How much loan can I get against my gold?
RBI regulations cap the loan-to-value (LTV) ratio for gold loans — lenders can typically sanction up to a percentage of the gold's market value, which varies by lender and RBI guidelines in force at the time.
What happens if I miss EMI payments on a gold loan?
Gold loans are secured against your pledged gold. Persistent default can lead to the lender auctioning the pledged gold to recover the outstanding amount, after following the notice process required by RBI guidelines.
Is EMI the only repayment option for a gold loan?
No — many lenders also offer bullet repayment (pay the full principal and accumulated interest at the end of tenure) or an overdraft facility where you pay interest only on the amount drawn. This calculator models the standard EMI option.
Related calculators
Related articles
Sources
- Reserve Bank of India — Fair Practices Code for Lenders — Reserve Bank of India. Effective 01-05-2015, reviewed 12-09-2026.
This calculator provides an estimate based on the standard reducing-balance EMI formula and does not include processing fees, valuation charges, or other lender-specific costs. Actual terms, including the loan-to-value ratio, offered by a bank or NBFC may differ.
Report a calculation issue