Gold Loan EMI Calculator
Enter the loan amount and terms to see your gold loan EMI — or the bullet repayment total.
Runs entirely in your browser — your numbers never leave this page.
How it works
Gold loans are India's fastest secured credit — three repayment styles:
- Regular EMI: principal + interest monthly, like any loan. Lowest total interest.
- Bullet: zero payments till maturity, then everything at once — interest compounds, so the final bill surprises.
- Interest-only: small monthly interest, principal at the end — good when a lump-sum inflow is certain.
- LTV cap: RBI caps gold-loan LTV at 75% — borrow Rs 75k per Rs 1L of gold value.
- Rate shopping: banks ~9–12%, NBFCs 12–18%+. The disbursal speed is the same — don't overpay for it.
- The real risk: default means auction of your gold, often below market value. Borrow only what the EMI comfortably covers.
Frequently asked questions
How is gold loan EMI calculated?
Standard reducing-balance EMI: P × r × (1+r)^n / ((1+r)^n − 1). Bullet and interest-only variants are also common.
What is the maximum LTV for gold loans?
75% per RBI norms — you can borrow up to Rs 75,000 against Rs 1,00,000 of gold value.
What is bullet repayment?
No payments during the tenure; principal plus compounded interest paid as one lump sum at maturity.
Bank vs NBFC gold loan?
Banks charge ~9–12%, NBFCs 12–18%+. NBFCs disburse faster and ask fewer questions — decide if the premium is worth it.
What happens if I default?
The lender auctions your pledged gold after notice — typically below market value, and you lose the remainder.
Is gold loan interest tax-deductible?
Only if the loan is used for business purposes or (with conditions) home purchase/construction. Personal use: no deduction.
How fast is disbursal?
Often same-day — minimal documentation and the gold itself is the security. That speed is the product's main selling point.
Can I prepay a gold loan?
Yes, usually with zero or minimal foreclosure charges — unlike home loans, check your lender's terms.
What gold is accepted?
Gold jewellery and ornaments (not bars/coins at most lenders), valued on net gold content after purity testing.
Gold loan vs personal loan?
Gold loans are cheaper (secured, ~9–14%) than personal loans (11–18%+) and need no credit history — but your gold is at stake.