Gold Loan Calculator
Calculate your gold loan EMI, eligible amount based on gold weight and purity.
Gold Loan EMI Calculator
Enter your gold details and loan terms to calculate your eligible loan amount and EMI
Understanding Gold Loans
What is a Gold Loan?
A gold loan is a secured loan where you pledge your gold jewelry or coins as collateral. The loan amount depends on the weight, purity, and current market price of gold. Gold loans typically have lower interest rates than unsecured loans due to the collateral.
Benefits of Gold Loans
- Quick disbursement (often same day)
- Lower interest rates than personal loans
- No credit score requirements
- Flexible repayment options
- Gold is returned after repayment
Gold Purity Guide
- 24K: 99.9% pure gold (rare for jewelry)
- 22K: 91.6% pure (most common for jewelry)
- 18K: 75% pure gold
- 14K: 58.5% pure gold
- Higher purity = higher loan amount
Tips for Gold Loans
- Compare rates from multiple lenders
- Understand the LTV ratio offered
- Check for processing fees
- Keep gold safe during loan tenure
- Make timely payments to avoid auction