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Gold Loan Calculator

Enter your gold weight and purity to instantly calculate your eligible loan amount - based on current gold rates and your chosen LTV percentage.

Gold Details
RBI mandates maximum LTV of 75% for gold loans. Actual loan depends on lender's policy and gold assay.
Update with today's rate. ~₹7,200/g (24K) as of mid-2025.
Bank: 7.5–11%; NBFC: 10–26%
Gold Loan Guide

Gold Loan - Key Features

Fast Disbursal

Gold loans are disbursed in 30 minutes to a few hours - among the fastest loan types in India. No income proof or credit score required. Just your gold and KYC documents.

RBI 75% LTV Cap

RBI caps maximum LTV at 75%. Higher LTV = more money but higher risk if gold prices fall. Most banks offer 60–70%; NBFCs offer up to 75%.

Lower Rate vs Personal Loan

Gold loan rates (7.5–15%) are significantly lower than unsecured personal loans (12–24%). For short-term needs, gold loan saves substantially on interest.

Repayment Flexibility

EMI, interest-only EMI, or bullet payment (principal + interest at maturity) options available. Bullet repayment suits agricultural or seasonal income borrowers.

FAQ

Frequently Asked Questions

Loan = (Weight × Purity Factor × 24K Rate per gram) × LTV%. Purity: 24K=1.0, 22K=0.916, 18K=0.75, 14K=0.583. RBI caps max LTV at 75%. Lenders deduct making charges and conduct their own assay - the lender's assay may differ from the hallmark.

Banks (SBI, HDFC, ICICI): 7.5–11% p.a. NBFCs (Muthoot, Manappuram): 10–26% p.a. depending on scheme. Short-term schemes (3–6 months) from NBFCs may appear cheaper per-month but have higher annualised rates. Always compare the annual rate (APR) across lenders.

Most lenders accept 18K and above. 22K hallmarked jewellery gets the best rates. Some accept 14K at lower LTV. Gold coins (minted by banks, ≤50g) are accepted; bars/bullion generally not. BIS hallmarked jewellery gets better valuation at most institutions.

Gold loans are better for: lower interest (7.5–15% vs 12–24% personal loan), faster processing (30 min), no income proof, no credit score needed. Personal loans are better when you don't want to pledge assets or need longer tenures (1–5 years vs gold's 3–24 months).

LTV (Loan-to-Value) = loan as % of gold's market value. RBI mandates maximum 75% LTV. Example: gold worth ₹1L → max loan = ₹75,000. Higher LTV = bigger loan but higher risk if gold prices fall (lender may call for top-up). Banks typically offer 60–70% LTV; NBFCs offer 70–75%.

After 3 notices (over 60–90 days), the lender can auction the pledged gold. Auction proceeds cover principal + interest + charges; surplus is returned to you. Lenders prefer renegotiation over auction - contact your lender early if you anticipate repayment issues.