✓ Gold Loan up to 2 Cr ✓ Interest Rate Starting @ 10% ✓ Highest Gold Loan / Gram


Gold is one of the most ancient forms of investment that can make you feel secure during a financial crisis. In the present times, gold can also be used as collateral against which you can take a loan. A gold loan can instantly cater to your short-term requirements at lower interest rates.

When taking a loan, interest rates are one of the major considerations. The current gold loan interest rate starts from 10%. You can take a loan starting from just Rs. 5,000 to Rs. 2 Crores. You can choose to repay on a monthly, bi-monthly, quarterly, half-yearly or annual basis.

What is a Gold Loan Calculator

An EMI calculator is a handy tool that helps you plan your repayment before taking a loan. You can determine the EMI amount you need to pay and plan your preferred tenure. With following some easy steps, you can easily calculate your gold loan EMI.


Factors Affecting Gold Loan EMI

There are a bunch of factors that affect a gold loan EMI such as principal loan amount, interest rate, monthly income, net weight of the articles, gold carat, tenure and the payment method you are using to pay back the loan. All these factors directly affect the amount of EMI one must pay, and an EMI calculator helps calculate the exact amount by keeping all these factors into consideration.


  • Principal loan amount: The principal loan amount is the actual amount you have to pay back (excluding interest amount). Your interest rates will be applicable on this amount, based on the market value of the gold. A higher principal amount leads to a higher EMI amount.
  • Interest rate: The interest rate on Gold Loan will be calculated according to the market value of gold. This is usually calculated in fixed or fluctuating percentages, depending upon your package.
  • Monthly income: Usually, the higher your monthly income, the higher your repayment capacity. Therefore, you can get access to a lower interest rate. It also affects the amount of loan you can get against the gold you’ve pledged. This helps in assuring your lender that you can pay your instalments in time.
  • Net weight of the articles: The net weight of the articles is directly proportional to the amount of loan you receive. This will have a direct effect on your interest rates.
  • Gold carat: The quality of gold directly affects the amount of loan you are eligible for, which will also influence the interest rates as per which you pay your EMI.
  • Tenure: When you choose a shorter tenure, the interest rates are usually lower. With a shorter tenure, the EMI on the gold loan will be higher. Hence, the risk is lower for the bank, which will reduce the interest rates for the customer.

FAQs On Gold Loan Calculator

  • ✔️What is the minimum and maximum tenure for a gold loan?

    The tenure for a gold loan varies between a minimum of 3 months and a maximum of 48 months. You can repay according to your preference, some fixed tenures are on a monthly, bi-monthly, quarterly, half-yearly or an annual basis.

  • ✔️How is gold loan interest calculated?

    The gold loan interest can be calculated by subtracting the principal amount from the outstanding amount. There are many factors which affect the actual amount of the EMI such as principal loan amount, interest rate, monthly income, CIBIL score, net weight of the articles, gold carat, tenure and the payment method. You can also use the gold loan EMI calculator to automatically calculate your interest amount.

  • ✔️Can I get a gold loan on EMI?

    Yes, you can get a gold loan and repay it through EMI. The EMI tenure can be varied between monthly, bi-monthly, quarterly, half yearly and annually. You can get the eligibility amount based on the weight, carat, monthly income and your CIBIL score.

  • ✔️How do I calculate gold loan interest?

    The gold loan interest can be calculated through the EMI calculator.