A gold loan is a secured loan where you pledge gold jewelry or ornaments as collateral to borrow money. The lender evaluates your gold's purity and weight, determines its market value, and offers a loan typically 75-90% of that value (LTV ratio). You pay monthly EMIs with interest, and upon full repayment, your gold is returned. Gold loans have lower interest rates than personal loans and quick approval with minimal documentation.
Gold Value Calculator
Calculate the market value of your gold based on purity and weight. Supports 24K, 22K, 18K, and 14K gold.
Enter Gold Details
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Gold Purity Breakdown
Value by Purity
Gold Loan EMI Calculator
Calculate your gold loan EMI, total interest, and repayment schedule with processing fees and LTV ratio.
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Payment Breakdown
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Amortization Schedule
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Terms & Conditions
- Gold loan is secured against gold jewelry or ornaments pledged as collateral
- Loan amount is typically 75-90% of gold's market value (LTV ratio)
- RBI allows maximum 75% LTV for gold loans in India
- Interest rates are lower than personal loans but higher than home loans
- Processing fee typically ranges from 0.5% to 2% of loan amount
- Gold is returned after full repayment of loan amount and interest
- Default may result in gold auction by the lender
- Prepayment charges may apply for early closure
- Gold valuation is done by certified appraiser at lender's branch
- Loan tenure typically ranges from 6 months to 3 years
Compare Gold Loan Rates - Top Lenders
Compare interest rates, LTV ratios, processing fees, and tenure from top gold loan lenders in India and worldwide.
How to Use Gold Loan Calculator
Our gold loan calculator helps you understand the complete cost of borrowing against your gold. Follow these steps for accurate results.
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Calculate Gold Value Enter gold weight, purity, and current market price to get accurate gold value
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Set LTV Ratio Choose LTV ratio (typically 75% in India) to determine maximum loan amount
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Configure Loan Terms Enter interest rate, tenure, processing fee, and other charges
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View EMI & Schedule See monthly EMI, total interest, and complete amortization schedule
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Compare Lenders Compare rates from SBI, HDFC, Muthoot, Manappuram and choose best option
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Download Report Download PDF or Excel report for records and lender discussions
Why Choose ASLI FORM Gold Loan Calculator
Built with precision and designed for clarity, our calculator meets the needs of borrowers, investors, and financial planners.
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All Gold Purities Supports 24K, 22K, 18K, and 14K gold with accurate purity calculations
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LTV Ratio Calculator Calculate maximum loan amount based on RBI guidelines and lender policies
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Lender Comparison Compare rates from 10+ top lenders including banks and NBFCs
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Processing Fee Support Includes processing fees and other charges for accurate total cost
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Interactive Charts Visual breakdowns with pie charts and amortization graphs
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PDF & Excel Downloads Export calculations for records and lender negotiations
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Works Offline All calculations run locally in your browser. No internet needed after load.
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Zero Tracking No cookies, no analytics, no data collection. Your privacy is absolute.
Frequently Asked Questions
LTV (Loan-to-Value) ratio is the percentage of gold's market value that a lender is willing to loan. In India, RBI allows maximum 75% LTV for gold loans. For example, if your gold is worth ₹100,000, you can get a loan of up to ₹75,000. Some lenders offer up to 90% LTV for high-purity gold. Higher LTV means more loan amount but may come with higher interest rates.
24K gold is 99.9% pure, soft, and used for investment. 22K gold is 91.6% pure, most common for jewelry in India. 18K gold is 75% pure, popular in Western countries. 14K gold is 58.3% pure, durable and affordable. Higher purity gold has higher value but is softer. Lenders accept all purities but offer different LTV ratios - 24K and 22K get higher LTV than 18K and 14K.
Gold loan interest rates in India typically range from 7% to 17% per annum depending on the lender. Public sector banks like SBI offer 7-9%, private banks like HDFC offer 9-12%, and NBFCs like Muthoot and Manappuram offer 12-17%. Rates vary based on loan amount, tenure, gold purity, and borrower's credit profile. Interest is calculated on reducing balance method.
Gold loan EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is loan amount, r is monthly interest rate (annual rate / 12 / 100), and n is number of months. For example, ₹5 lakh at 10% for 12 months gives EMI of approximately ₹43,958. Total interest would be ₹27,496 and total payment ₹5,27,496.
Yes, most lenders accept 18K and 14K gold for loans, but they offer lower LTV ratios compared to 22K or 24K gold. 18K gold typically gets 60-70% LTV, while 14K gold may get 50-60% LTV. The loan amount depends on the gold's market value based on its purity. Some specialized lenders may not accept gold below 18K purity.
Required documents include: Gold jewelry/ornaments for valuation, Identity proof (Aadhaar, PAN, Passport, Voter ID), Address proof (Aadhaar, utility bill, passport), Passport-size photographs (2-4), and Income proof (optional for some lenders). The process is quick with minimal documentation, and loan can be disbursed within 30 minutes to 2 hours.
If you default on gold loan payments, the lender will send reminders and notices. After a grace period (typically 3-6 months), the lender has the right to auction your gold to recover the loan amount. Any surplus from auction after recovering loan amount and interest is returned to you. It's important to maintain regular payments or negotiate with lender for restructuring if facing financial difficulties.
Our calculator uses industry-standard mathematical formulas and provides results accurate to 2 decimal places. Gold prices are updated regularly but may vary slightly from actual market rates. For exact loan amounts and interest rates, please consult your lender as actual rates and LTV ratios may vary based on gold purity, loan amount, tenure, and your credit profile.
You can reach our support team through multiple channels: Phone: +91-7011993433 (Mon-Sat, 9 AM to 7 PM IST), WhatsApp: Same number with pre-filled message, Email: support@asliform.in. Our team reviews every piece of feedback and incorporates improvements regularly.
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