Gold Loan EMI Calculator

The gold loan calculator helps you check the amount you can borrow based on the weight and purity of your gold. Simply enter the gold’s weight in grams to check the loan amount. For this calculation, the purity of the metal is considered to be 22 karats. So, ensure to enter the information accordingly. 

On the other hand, you can also check how much gold you need to submit as collateral to get the loan amount you need. Just enter the amount you wish to borrow in the calculator. Following this, the gold you must provide as collateral to get the loan will be displayed on the screen within seconds.

Here are some benefits of using a gold loan eligibility calculator that you should know about:

• Precise Calculations: Based on the gold's weight and purity, the loan amount is estimated with a simple algorithm on which the calculator functions. This helps avoid any errors or miscalculations, which may happen during manual calculations.

• Time-saving: Manual calculations take up a lot of your time and can be very tedious. The gold loan calculator can help you calculate the loan amount within seconds, helping you save time and effort.

• Easy Comparison: You can enter multiple loan amounts to check the gold you need to pledge in each case. This can help you check and compare options to find a loan offer that best suits your needs.

• User-friendly: This online calculator is simple to use, offering quick results with minimal inputs, and easily accessible to all

• Transparency: It provides clarity on the loan amount you may qualify for, ensuring you have a clear understanding of your loan eligibility

Here’s why Bajaj Markets is the ideal platform for a gold loan:

• Compare & Choose: Bajaj Markets offers access to multiple gold loan providers, ensuring you find the best gold loan interest rates and loan terms in one place.
  

• Seamless Online Application: Apply for a gold loan via the Bajaj Markets app or website in minutes, with minimal paperwork and get instant approval
  

• 100% Transparency: Get clear information on the loan terms, upfront fee disclosure, and real-time loan tracking, for a stress-free borrowing process
  

• Safe & Secure Loan Process: Enjoy RBI-compliant lending, insured gold storage, and a fully digital loan management system, ensuring complete peace of mind

The amount you can borrow against your gold depends on several key factors. Here’s what influences the gold loan amount:

Gold Purity & Weight

Lenders offer loans based on the karat value (18K-24K) and net weight of the pledged gold. Higher purity results in a higher loan amount.

Loan-to-Value (LTV) Ratio 

According to RBI guidelines, lenders can offer a loan amount of up to 75% of the gold’s current market value. The exact LTV may vary based on lender policies.

Gold’s Market Price

Daily fluctuations in gold rates impact the loan amount. A higher gold price means you can secure a higher loan value.

Lender’s Policies

Different banks and NBFCs have varying gold loan eligibility criteria and valuation methods, which may influence the final approved amount.

Repayment Tenure & Type

Some lenders offer higher loan amounts for shorter tenures on gold loans or specific repayment structures, such as bullet payments.

So, before you apply for a gold loan, conduct thorough research and use tools like the gold loan calculator. This will help you make an informed decision as per your financial situation and requirements.

The calculation results are based on the values you enter in the calculator. Your EMI amount (including the actual interest amount charged) will depend on the prevailing rates. The results are neither certified nor guaranteed. The repayment schedule presented is for illustration purposes. Confirm the values with your lender prior to applying for the gold loan.