What Is a Gold Loan Calculator?
A gold loan calculator estimates the loan amount you can get by pledging gold jewellery, along with the monthly EMI or interest payment, based on gold weight, purity, interest rate, and tenure.
Gold loans are the fastest-growing secured credit product in India. The combined bank and NBFC gold loan market reached approximately Rs 11.8 lakh crore by March 2025, and bank-only gold loan books grew even faster on top of that base. The key advantage is speed: you can get funds within 30 minutes by pledging gold, without a credit score check or income proof.
This calculator toggles between EMI and bullet repayment, and applies the current tiered RBI LTV structure automatically. It compares interest rates across 19 lenders including SBI, Muthoot Finance, Manappuram, HDFC Bank, and IIFL.
"Gold loan calculator", "jewel loan calculator", and "loan against gold calculator" all mean the same thing in India.
Gold Loan Formula: How Is the Loan Amount Calculated?
The gold loan amount is determined by three factors: gold weight, per-gram rate based on purity, and the LTV ratio.
Loan Amount = Gold Weight (g) x Rate Per Gram x LTV%
Worked example: 50 grams of 22K gold
RBI Gold Loan LTV Rules: The Tiered Structure
The Loan-to-Value ceiling for gold loans in India is not a single flat number. It is tiered by loan size under RBI's directions on lending against gold and silver collateral.
| Gold Value (Loan Size) | Max LTV Ceiling | Example: Max Loan |
|---|---|---|
| Up to Rs 2.5 lakh | 85% | Rs 1.5 lakh gold value -> Rs 1,27,500 loan |
| Rs 2.5 lakh to Rs 5 lakh | 80% | Rs 4 lakh gold value -> Rs 3,20,000 loan |
| Above Rs 5 lakh | 75% | Rs 8 lakh gold value -> Rs 6,00,000 loan |
Smaller, more affordable loans get the highest LTV because they carry less absolute risk for the lender. This replaced the older flat 75% rule that most gold loan content online still quotes. Individual lenders can set their own ceiling below the RBI maximum, so always confirm the exact LTV your bank or NBFC offers before pledging.
Gold Loan Rate Per Gram: 18K, 22K, and 24K
The per-gram loan amount varies by gold purity and by the LTV tier your total gold value falls into. Higher purity means a higher rate per gram; a larger total value means a lower LTV ceiling.
| Purity | Market Rate/g | At 85% LTV | At 80% LTV | At 75% LTV |
|---|---|---|---|---|
| 24K (999) | Rs 14,080 | Rs 11,968 | Rs 11,264 | Rs 10,560 |
| 22K (916) | Rs 12,907 | Rs 10,971 | Rs 10,326 | Rs 9,680 |
| 18K (750) | Rs 10,560 | Rs 8,976 | Rs 8,448 | Rs 7,920 |
Gold Loan Amount by Weight: 1 Gram to 500 Grams
Here is how much loan you can get across common gold weights, using 22K gold at Rs 12,907/g and the tiered RBI LTV ceiling that applies at each value.
| Gold Weight | Gold Value | LTV Tier | Eligible Loan |
|---|---|---|---|
| 1 gram | Rs 12,907 | 85% | Rs 10,971 |
| 2 grams | Rs 25,814 | 85% | Rs 21,942 |
| 5 grams | Rs 64,535 | 85% | Rs 54,855 |
| 8 grams | Rs 1,03,256 | 85% | Rs 87,768 |
| 10 grams | Rs 1,29,070 | 85% | Rs 1,09,710 |
| 15 grams | Rs 1,93,605 | 85% | Rs 1,64,564 |
| 20 grams | Rs 2,58,140 | 80% | Rs 2,06,512 |
| 25 grams | Rs 3,22,675 | 80% | Rs 2,58,140 |
| 38 grams | Rs 4,90,466 | 80% | Rs 3,92,373 |
| 50 grams | Rs 6,45,350 | 75% | Rs 4,84,013 |
| 75 grams | Rs 9,68,025 | 75% | Rs 7,26,019 |
| 100 grams | Rs 12,90,700 | 75% | Rs 9,68,025 |
| 200 grams | Rs 25,81,400 | 75% | Rs 19,36,050 |
| 500 grams | Rs 64,53,500 | 75% | Rs 48,40,125 |
At today's gold price, the 80% LTV tier starts at just under 20 grams and the 75% tier starts at just under 39 grams. Once total gold value crosses Rs 2.5 lakh, the ceiling drops from 85% to 80%, so the marginal loan per gram falls. This is exactly why the calculator above computes the tier live rather than applying one fixed percentage, and why this table needs updating whenever gold prices move meaningfully.
Reverse Gold Loan Calculator: How Much Gold Do You Need?
If you know the loan amount you need and want to work out how much gold to carry in, use this table. It is the reverse of the main calculation above.
| Target Loan Amount | LTV Tier Used | Gold Value Needed | 22K Gold Needed |
|---|---|---|---|
| Rs 50,000 | 85% | Rs 58,824 | 4.6g |
| Rs 1,00,000 | 85% | Rs 1,17,647 | 9.1g |
| Rs 2,00,000 | 85% | Rs 2,35,294 | 18.2g |
| Rs 3,00,000 | 80% | Rs 3,75,000 | 29.1g |
| Rs 5,00,000 | 75% | Rs 6,66,667 | 51.7g |
| Rs 10,00,000 | 75% | Rs 13,33,333 | 103.3g |
For example, someone asking "how much gold do I need for a Rs 5 lakh loan" needs roughly 52 grams of 22K gold, since a loan that size falls in the 75% LTV tier and needs Rs 6.67 lakh of gold value to back it.
Gold Loan Interest Rates: 19 Lenders Compared (July 2026)
Interest rates for gold loans in India vary between banks (roughly 8-10.75%) and NBFCs (roughly 9.9-26%). Banks generally offer lower rates but slower processing. NBFCs like Muthoot offer near-instant disbursement, usually at a higher rate.
| Lender | Type | Rate (p.a.) | Max Tenure | Processing | Interest on Rs 1L (12 mo) |
|---|---|---|---|---|---|
| SBI | Bank | 8.00% | 36 mo | 0.50% | Rs 8,000 |
| Central Bank of India | Bank | 8.05% | 36 mo | 0.50% | Rs 8,050 |
| Federal Bank | Bank | 8.50% | 36 mo | 0.25% | Rs 8,500 |
| PNB | Bank | 8.50% | 12 mo | 0.30% | Rs 8,500 |
| Bank of India | Bank | 8.60% | 36 mo | 0.50% | Rs 8,600 |
| Canara Bank | Bank | 8.75% | 12 mo | 0.30% | Rs 8,750 |
| HDFC Bank | Bank | 9.10% | 36 mo | 1.00% | Rs 9,100 |
| Union Bank of India | Bank | 9.10% | 36 mo | 0.50% | Rs 9,100 |
| BOB | Bank | 9.15% | 24 mo | 0.50% | Rs 9,150 |
| ICICI Bank | Bank | 9.15% | 12 mo | 1.00% | Rs 9,150 |
| Axis Bank | Bank | 9.75% | 24 mo | 1.00% | Rs 9,750 |
| Bajaj Finance | NBFC | 9.90% | 12 mo | 1.50% | Rs 9,900 |
| Karur Vysya Bank | Bank | 9.90% | 12 mo | 1.00% | Rs 9,900 |
| Manappuram | NBFC | 9.90% | 12 mo | 1.00% | Rs 9,900 |
| Kotak Mahindra Bank | Bank | 10.56% | 24 mo | 1.00% | Rs 10,560 |
| IIFL | NBFC | 11.00% | 24 mo | 1.50% | Rs 11,000 |
| Muthoot Finance | NBFC | 12.00% | 36 mo | 1.00% | Rs 12,000 |
| Shriram Finance | NBFC | 13.00% | 12 mo | 1.50% | Rs 13,000 |
| SBFC | NBFC | 14.00% | 12 mo | 1.50% | Rs 14,000 |
Loan Eligibility Calculator
Comparing a gold loan against an unsecured option? Check what you qualify for across loan types.
How Lenders Calculate Net Weight and Valuation
The weight printed on your jewellery bill is not the weight a lender lends against. Every lender runs the same three-step valuation before quoting a loan amount.
| Step | Example Value |
|---|---|
| Gross weight of jewellery (as weighed) | 22.0 g |
| Deduction for stones, enamel, non-gold parts | 2.0 g |
| Net gold weight (gross minus deduction) | 20.0 g |
| Purity check result (karat meter or acid test) | 22K (916) |
| Lender internal rate applied (5-10% below market) | Rs 11,870/g |
| Total valuation (net weight x lender rate) | Rs 2,37,400 |
| LTV tier applied (falls under Rs 2.5L) | 85% |
| Eligible loan amount | Rs 2,01,790 |
Two things consistently surprise first-time borrowers. The lender's per-gram rate is deliberately below the day's market spot price, as a safety margin against gold price swings during the loan tenure. And stones, meenakari work, and any non-gold metal in the setting are weighed and subtracted before valuation, not included.
Gold Loan Fees and Charges Beyond Interest
The interest rate is only part of the cost. Most gold loan comparisons online skip the fee schedule entirely, which is where the real cost differences between lenders show up.
| Charge | Typical Range |
|---|---|
| Processing fee | Up to 1% of loan amount plus GST |
| Valuation and asset verification charge | Rs 350-1,500 per packet, depending on loan size |
| Premature closure charge | 1-2% plus GST if closed within 30-180 days; often nil after 180 days |
| Renewal charge | Rs 500-750 plus GST, for loans above Rs 5 lakh |
| Payment return charge | Rs 450 plus GST, for a bounced EMI or interest payment |
| CIBIL report charge | Approximately Rs 50 per report |
| Stamp duty and statutory charges | As per actual state rates |
| Auction charge (only on default) | Approximately Rs 1,500, newspaper advertisement cost |
| Overdue notice charge | Approximately Rs 200 per notice sent |
Micro and small enterprises pledging gold loans up to Rs 50 lakh, closed or partially repaid from their own funds, are exempt from foreclosure charges under RBI norms. Enterprises taking gold loans up to Rs 5 lakh are exempt from processing fees if they submit a valid Udyam Registration Certificate before disbursal.
SBI Gold Loan: Rate, Calculator, and Key Features
SBI offers among the lowest gold loan interest rates of any major bank, starting at 8.00% p.a. and going up to 9.95% depending on scheme and tenure. SBI gold loans are available up to Rs 50 lakh with tenure up to 36 months.
SBI's rate is linked to its MCLR, set 0.30 percentage points above the 1-year MCLR. This means the rate moves when SBI resets its MCLR, so treat the 8.00% floor as indicative rather than fixed for the life of the loan.
Central Bank of India has quoted starting rates as low as 8.05% p.a., competitive with SBI. Always check the bank's own current rate page before applying, since public sector gold loan rates move with each MCLR reset.
Muthoot Finance Gold Loan: Rate, Calculator, and Muthoot Fincorp
Muthoot Finance is India's largest gold loan NBFC, with over 5,600 branches. It processes gold loans in 15-30 minutes, the fastest option for urgent fund requirements.
Rates run from 12% to 26% p.a. depending on the scheme, wider than most bank ranges. Manappuram Finance is similar: its base rate runs closer to 21-24% p.a., though effective rates can drop to around 9.90% for borrowers who repay promptly, and can run above 30% at the other end for longer, higher-risk schemes.
NBFC gold loan rates, especially at Muthoot and Manappuram, vary far more by scheme and repayment behavior than bank rates do. Ask for the exact scheme rate and any prompt-repayment discount before comparing it against a bank's flat quoted rate.
Muthoot Finance and Muthoot Fincorp are different companies. Muthoot Finance Ltd (NSE: MUTHOOTFIN) is the larger, listed entity most people mean by "Muthoot gold loan." Muthoot Fincorp Ltd is a separate private company from a different branch of the same family group, also offering gold loans under its own rates and branch network. Check which entity's branch you are actually walking into before comparing quoted rates.
Gold Loan Overdraft (OD): How It Differs from EMI and Bullet
A Gold OD is a third repayment structure some banks offer alongside EMI and bullet. Instead of a fixed loan amount and schedule, the lender sanctions a credit limit against your gold.
Interest is charged only on the amount you actually draw, not the full sanctioned limit.
SBI and several other banks offer a Gold OD product alongside their standard EMI and bullet gold loan schemes. This calculator models EMI and bullet directly; for an OD, use the bullet mode with a shorter tenure as a rough proxy, since both charge interest without mandatory principal reduction.
EMI vs Bullet Repayment: Which Is Better for Gold Loans?
Gold loans offer two primary repayment modes. The right choice depends on your cash flow pattern and how you plan to repay the loan.
| Feature | EMI Repayment | Bullet Repayment |
|---|---|---|
| Monthly payment | Rs 26,445 | Rs 2,625 |
| Payment includes | Principal + Interest | Interest only |
| Principal repayment | Spread across tenure | Full amount at maturity |
| Total interest paid | Rs 17,335 | Rs 31,500 |
| Best for | Salaried with steady income | Business owners, short-term needs |
| Risk | Lower (principal reduces monthly) | Higher (full principal due at end) |
Gold Loan Eligibility Requirements
Gold loan eligibility is based on the value of gold you pledge, not your income or credit score. This makes it one of the most accessible loan products in India.
Common Mistakes When Taking a Gold Loan
Gold loans are simple, but borrowers still lose money to a few avoidable mistakes. None of these show up in a basic EMI calculator.
Gold Loan vs Personal Loan: Which Should You Choose?
Both gold loans and personal loans provide quick funds, but they differ significantly in cost, speed, and risk. Here is a side-by-side comparison to help you decide:
| Feature | Gold Loan | Personal Loan |
|---|---|---|
| Interest rate | 8.5-18% p.a. | 10.5-24% p.a. |
| Collateral | Gold jewellery required | None (unsecured) |
| Credit score needed | Not required | 700+ recommended |
| Processing time | 15 min to 2 hours | 1-3 days |
| Max tenure | 1-3 years | 5-7 years |
| Income proof | Not required | Required (salary slips, ITR) |
| Risk | Risk of losing gold on default | No asset risk, but affects credit score |
| Best for | Short-term, urgent needs | Longer-term, larger amounts |
If you own gold and need funds for less than 12 months, a gold loan at 8.5-10% is meaningfully cheaper than a personal loan at 10.5%+. For longer tenures or larger amounts without pledging assets, use the EMI Calculator to compare options.
Personal Loan Eligibility Calculator
See what an unsecured personal loan would actually cost before deciding to pledge gold instead.
How to Use This Gold Loan Calculator
Five inputs get you a complete gold loan analysis.
- Enter gold weight and purity: Set the weight in grams and select the purity (24K, 22K, or 18K). The per-gram rate adjusts automatically.
- Adjust the gold rate: The calculator uses an approximate market rate. Edit this to match your lender valuation, which is typically 5-10% below market.
- Set the LTV ratio: The calculator shows the RBI ceiling for your gold value live. Small loans can go up to 85%; larger ones cap at 75%.
- Choose interest rate and tenure: Open More Settings for the rate and tenure fields. Compare live rates across 19 lenders in the sidebar and the full table below.
- Select repayment mode and review the schedule: Toggle between EMI and Bullet, then expand the year-by-year amortization table to see exactly how the loan pays down.
Frequently Asked Questions
CAs and financial advisors can generate branded Gold Loan Analysis Reports for clients at ca.fermor.in.
Disclaimer: All calculations are indicative only. Gold loan amounts depend on the lender's internal valuation, which may differ from market rates. Interest rates and LTV tiers shown are indicative as of July 2026 and are subject to change. This calculator is for educational and planning purposes only and does not constitute financial advice. Consult your lender for exact terms.