Gold Loan
Free · Live calculation · Your data stays in your browser
Gold Details
Get cash against your gold
Gold Purity
RBI capped at 75% for banks
Banks: 7-15% · NBFCs: 12-24%
Loan You Can Get
₹2,47,500
Against gold worth ₹3,30,000
Monthly EMI
₹21,874
Total Interest
₹14,994
Total Payment
₹2,62,494
Gold Loan vs Personal Loan
Why gold loans are usually cheaper
Gold Loan
11%
- • No income proof needed
- • Disbursed in 30 mins
- • No credit score check
Personal Loan
14-22%
- • Income proof required
- • Takes 2-7 days
- • Credit score matters
Insight
You can borrow ₹2,47,500 against 50g of 22K gold worth ₹3,30,000. Your gold remains in safe custody till you repay.
Pro Tip
- •RBI caps LTV at 75% for banks. NBFCs may offer up to 90% but charge higher rates.
- •Gold loans are unsecured against income - just collateral needed.
- •Bank rates 7-15% vs NBFCs 12-24%. Always compare!
- •Repay on time - default leads to gold auction at low prices.
What is Gold Loan?
A Gold Loan is a secured loan where you pledge your gold ornaments or coins as collateral and get a loan amount based on the gold's value. It's one of the fastest loans to get - approved in 30 minutes with no income proof or credit score check. Interest rates (7-15% from banks) are much lower than personal loans (14-22%). RBI caps the Loan-to-Value (LTV) at 75% for banks.
How to Use
- 1Enter your gold weight in grams
- 2Select purity (18K, 22K, or 24K)
- 3Enter current gold price per gram (24K)
- 4Choose LTV percentage (max 75% for banks)
- 5Set tenure and interest rate
- 6See loan amount and EMI
Formula
Gold Value = Weight × Price/g × (Purity / 24)
Loan Amount = Gold Value × LTV%
EMI calculated using standard EMI formulaFrequently Asked Questions
RBI caps LTV at 75% for banks. So if your gold is worth ₹1 lakh, you can get max ₹75,000. NBFCs may offer higher LTV (up to 90%) but charge much higher interest rates.