Calculate your Gold Loan EMI and total interest with our free calculator. Gold loans are one of the quickest ways to get funds in India — with interest rates as low as 7% from banks like SBI and Muthoot. Enter your loan amount, rate, and tenure to see your monthly EMI.
Our calculator also shows a lender comparison with current rates from SBI, Muthoot Finance, Manappuram, HDFC Bank, ICICI Bank, and others. Plus, see the year-by-year amortization schedule to understand how much goes toward interest vs principal each month.
How to Use This Calculator
- Enter the Gold Loan Amount in Rupees.
- Select a lender to auto-fill the interest rate, or enter custom rate.
- Enter the loan tenure in months.
- Click “Calculate EMI” to see monthly EMI, total interest, and amortization.
Frequently Asked Questions
What is the current gold loan interest rate in India?
Gold loan interest rates in India range from 7% to 17% depending on the lender. SBI offers 7.50%, Muthoot Finance 7.50-12%, HDFC Bank 8.50-16.50%, and Manappuram 8-15%. Banks generally offer lower rates than NBFCs, but NBFCs process loans faster.
How much loan can I get on gold?
Banks typically offer 75% of gold’s market value (LTV ratio set by RBI). So for 100 grams of 22-carat gold worth approximately ₹6.5 lakh, you could get up to ₹4.87 lakh. Some NBFCs may offer slightly different LTV ratios.
Is gold loan better than personal loan?
Gold loans have lower interest rates (7-17%) compared to personal loans (10-24%). They require no income proof, have faster processing (sometimes within 30 minutes), and no prepayment penalty. The downside is that your gold is pledged as collateral.