India's most complete gold loan calculator. Enter gold weight and purity to instantly see your loan eligibility, EMI, total interest, and compare rates across Muthoot, Manappuram, HDFC & SBI.
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Weight, purity & current gold price
Gold Purity (Karat)
Most jewellery is 22K. Coins/bars are typically 24K.
Gold value of your 20g at 22K
₹1,97,000
Interest rate, tenure & repayment type
Repayment Type
Pay equal EMI every month (principal + interest). Most common for gold loans.
Principal vs Interest Breakup
Your Gold Loan
Loan Amount Eligible
₹1,47,750
Monthly EMI 📅
₹13,117
Total Interest Payable
₹9,654
Total Amount Payable
₹1,57,404
Interest share
6%
of total repayment
Gold Value vs Loan
RBI mandates max 75% LTV. Your gold stays with the lender as security.
Apply for Gold Loan →
Get ₹1.47L on 20g gold via Angel One
Instant approval · Minimal documents · No income proof needed · Gold kept safely in bank vault
* Affiliate links. SEBI-regulated. Commission at zero cost to you.
| Month | EMI / Payment | Principal | Interest | Balance |
|---|
Click any lender to load its rate into the calculator
| Lender | Rate | Max LTV | Max Tenure | Disbursal | Best for | Load |
|---|---|---|---|---|---|---|
| 🏅 Muthoot Finance | 12–26% | 75% | 12 mo | 5 min | Quick cash | |
| 🏅 Manappuram Gold | 10–26% | 75% | 12 mo | 5 min | Flexible plans | |
| 🏦 SBI Gold Loan | 8.75–9.60% | 75% | 36 mo | 1–2 days | Lowest rate | |
| 🏦 HDFC Bank Gold | 9.50–11% | 75% | 24 mo | Same day | Trusted bank | |
| 🏅 IIFL Gold Loan | 11–24% | 75% | 11 mo | 30 min | Doorstep service | |
| 🏦 Axis Bank Gold | 9.75–10% | 75% | 36 mo | Same day | Long tenure |
*Rates indicative as of 2025. Actual rate depends on gold purity, weight, and your credit profile. NBFCs disburse faster but charge higher rates. Banks are cheaper but require more documentation.
A gold loan is a secured loan where you pledge your gold jewellery or coins as collateral to receive immediate cash. The lender holds your gold safely and returns it once you repay the loan with interest. India is the world's largest gold loan market — over ₹9 lakh crore in gold loans are disbursed annually.
Unlike personal loans, gold loans require no income proof, no CIBIL check, and are disbursed in minutes. The loan amount is determined by the weight and purity of your gold, capped at 75% of its market value (RBI mandate).
Gold Loan Eligibility Formula
Loan = Gold Weight × Gold Price per gram × Purity Factor × LTV%
Example: 20g of 22K gold at ₹9,850/gram → 20 × 9,850 × 0.9167 × 0.75 = ₹1,35,477
| Factor | Gold Loan 🪙 | Personal Loan 💼 |
|---|---|---|
| Interest Rate | 8.75–26% p.a. | 11–24% p.a. |
| CIBIL Score | Not required | 750+ preferred |
| Income Proof | Not required | Mandatory |
| Disbursal Time | 5–30 minutes | 1–3 days |
| Collateral | Gold pledged | None required |
| Max tenure | Up to 36 months | Up to 60 months |
| Risk if default | Gold auctioned | CIBIL damaged |
Meena has a medical emergency requiring ₹1.5L immediately. She has no savings but owns 25g of 22K gold jewellery. She visits Muthoot Finance, pledges her gold, and walks out with ₹1.47L in 15 minutes — no salary slip, no CIBIL check, no delay.
Gold pledged
25g · 22K
Loan received
₹1.47L
Time taken
15 minutes
*Illustrative only. Actual loan amount depends on live gold price and lender LTV policy.
Your gold is insured while pledged
All RBI-regulated lenders (banks and NBFCs) are required to store pledged gold in secure vaults. The gold is insured against theft or damage. You get a receipt upon pledging and a full return upon loan closure.
RBI 75% LTV rule protects you both ways
The RBI mandates maximum 75% LTV. This means lenders can only loan you up to 75% of your gold's value — protecting them from default risk and ensuring you always have 25% equity buffer in your gold.
Bullet repayment can save interest for short needs
If you need cash for just 1–3 months (e.g., business cash flow gap), bullet repayment (pay everything at end) avoids monthly EMI hassle. But total interest is higher — use EMI for tenures over 6 months.
Gold price fall can trigger margin call
If gold prices fall significantly, your LTV may breach 75% and the lender can ask for additional gold pledge or partial repayment. This is rare but important to know for long-tenure loans.
Banks are cheaper; NBFCs are faster
SBI and HDFC charge 9–11% but require more documentation and take 1–2 days. Muthoot and Manappuram charge 12–26% but disburse in 5–15 minutes with minimal paperwork. Choose based on urgency.
Everything about gold loans, eligibility, and this calculator.