Gold Loan Calculator India — FY 2025-26
Find out how much loan you can get on your gold jewellery with India's most detailed gold loan calculator. Check eligibility based on weight and purity, compare interest rates across SBI, Muthoot Finance, Manappuram and top banks, and see bullet vs EMI repayment side-by-side. Updated with RBI's revised tiered LTV norms effective April 2026.
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How to Use This Calculator
Gold Loan Amount tab
Enter the total weight of your gold ornaments (excluding stones), select the purity (most Indian jewellery is 22 carat — check the BIS hallmark), and verify the current 24K gold price per 10 grams. The calculator shows your gold's market value, the applicable RBI LTV ratio, and the maximum loan you can get — with monthly interest estimates from banks and NBFCs.
Interest Comparison tab
Enter your desired loan amount and tenure. The calculator compares monthly interest and total cost across 5 major lenders — SBI, HDFC Bank, ICICI Bank, Muthoot Finance, and Manappuram — at their minimum advertised rates. Instantly see which lender is cheapest for your scenario.
Bullet vs EMI tab
Enter loan amount, interest rate, and tenure. The calculator shows a side-by-side comparison of bullet repayment (pay interest only each month, repay principal as lump sum at end) vs EMI (equal monthly instalments). See the monthly payment difference, total interest saved, and cash flow impact of each option.
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Every input is encoded in the URL. Click Share to send your exact scenario to a friend, jeweller, or save it for later.
The Formula
Gold loan eligibility is determined by the market value of your gold and the RBI-mandated Loan-to-Value (LTV) ratio:
Gold Value = Weight (grams) × Price per gram of 24K gold × Purity Factor
Purity Factors:
24 Carat = 1.000, 22 Carat = 0.916, 20 Carat = 0.833, 18 Carat = 0.750
Maximum Loan (RBI tiered LTV, effective April 2026):
Loans up to &rupee;2.5 lakh: Max Loan = Gold Value × 85%
Loans &rupee;2.5–5 lakh: Max Loan = Gold Value × 80%
Loans above &rupee;5 lakh: Max Loan = Gold Value × 75%
Bullet Repayment (interest-only):
Monthly Interest = Principal × (Annual Rate / 12 / 100)
Total Interest = Monthly Interest × Tenure (months)
Total Payable = Principal + Total Interest
EMI Repayment:
EMI = P × r × (1+r)n / [(1+r)n − 1]
Where P = principal, r = monthly rate, n = tenure in months
Lenders calculate the gold value using their own benchmark rate (typically close to but not exactly the spot price). The weight excludes stones and non-gold components. Only hallmarked gold of minimum 18 carat purity is accepted.
Example
Meena — Chennai homemaker, needs &rupee;5 lakh for daughter's medical college fees
Meena has 50 grams of 22-carat gold jewellery. She needs a quick loan of &rupee;5 lakh for one year. Let's calculate her gold loan eligibility and compare repayment options.
Step 1: Gold valuation
Step 2: Loan eligibility
Step 3: Repayment comparison (&rupee;5 lakh at 10.9% for 12 months)
Meena's 50g of 22K gold qualifies her for over &rupee;5 lakh. She chooses bullet repayment at &rupee;4,542/month because she plans to repay the principal from her husband's annual bonus. If she had steady monthly income, EMI would save her &rupee;24,000 in interest.