Gold Loan EMI Calculator
Instant liquidity. Calculate the loan amount you can get against your gold and your monthly repayment installments.
Gold Details
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Monthly EMI
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Gold Value: ₹3,75,000
Loan Amount
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Based on 75% LTV
Total Interest
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Over 12 months
Gold Loan Fact
Gold loans are usually processed within hours. They are one of the fastest ways to get funds for emergencies.
Gold Loan Guide
A gold loan is a secured loan that allows you to leverage your idle gold assets for immediate financial needs. It is popular in India due to its quick processing, minimal documentation, and lower interest rates compared to personal loans.
Benefits of Gold Loans
- Quick Disbursal: Often processed in as little as 30-60 minutes.
- No Credit Score Check: Since it's a secured loan, many lenders don't strictly look at your CIBIL score.
- Flexible Repayment: Options include monthly EMIs, interest-only payments, or bullet repayments.
- Safety: Your gold is stored in high-security bank vaults and is usually insured.
Purity Matters
Lenders usually accept gold with purity between 18K and 24K. Higher purity fetches a higher loan amount.
Valuation
The loan amount is calculated only on the weight of the gold. Stones, gems, or other metals in the jewelry are excluded.
Frequently Asked Questions
What is a Gold Loan?
A Gold Loan is a secured loan where you pledge your gold ornaments or coins as collateral with a bank or NBFC. The lender provides a loan amount based on the current market value and purity of the gold.
What is LTV in Gold Loan?
LTV stands for Loan-to-Value ratio. It is the percentage of the gold's market value that a lender can provide as a loan. In India, the RBI usually caps this at 75% for most lenders.
What happens if I don't repay my gold loan?
If you default on your gold loan, the lender has the legal right to auction your pledged gold to recover the outstanding loan amount and interest.
Can I repay my gold loan early?
Yes, most gold loans allow for early repayment or foreclosure without any significant penalties. Some lenders even offer 'Bullet Repayment' where you pay the entire principal and interest at the end of the tenure.
Monthly EMI
₹
Loan Amount
₹2,81,250