Gold Loan Calculator — Quick Reference
The Gold Loan Calculator is an online tool that estimate gold loan eligibility from ornament weight, stone deduction, and purity — then calculate EMI at your gold loan interest rate. Everything for the Gold Loan Calculator is on this page: the interactive calculator, the formula, a worked example, step-by-step guidance, and frequently asked questions — no other pages required.
At a glance
- Main inputs
- Loan principal
- Annual interest rate
- Tenure (years or months)
- Main outputs
- Monthly EMI or payment
- Total interest
- Total amount repaid
Direct answers
What is the Gold Loan Calculator?
The Gold Loan Calculator is an online tool that estimate gold loan eligibility from ornament weight, stone deduction, and purity — then calculate EMI at your gold loan interest rate.
What formula does the Gold Loan Calculator use?
Lenders weigh your ornament, deduct stones and non-gold parts to get net gold weight, multiply by the day's per-gram rate for your purity, then lend up to about 75% of that value — applied automatically in this calculator.
How does the Gold Loan Calculator work?
Enter gross gold weight and stone deduction, pick purity, then set the lender's gold rate per gram and your gold loan interest rate. We value the ornament, apply the 75% loan cap, and calculate reducing-balance EMI for your tenure.
Formula Used
The equation below is what this calculator applies. Variable definitions follow when symbols are used.
Equation
Net weight = gross × (1 − stone%)
Additional rules
- gold value = net weight × rate/gram
- max loan = value × 75% (RBI norm). Repayment: EMI (reducing balance), interest-only (principal at maturity), or compound (unpaid interest capitalizes monthly)
Worked Example: 100g gross gold · 10% stone deduction · 22K @ ₹6,500/g
Sample inputs and the results this calculator produces for the scenario below.
Inputs
- Gross Weight
- 100 g
- Net gold (after stones)
- 90 g
- Gold rate
- ₹6,500/g (22K)
- Gold loan rate
- 9% p.a. · 12 months
Results
- Gold Value
- $585,000
- Max Loan
- $438,750
- Monthly EMI
- ~$38,400
A 100g ornament is rarely valued at full weight — lenders deduct stones first, then lend up to 75% of gold value at your quoted interest rate.
How Gold Loan Calculator Works
Enter gross gold weight and stone deduction, pick purity, then set the lender's gold rate per gram and your gold loan interest rate. We value the ornament, apply the 75% loan cap, and calculate reducing-balance EMI for your tenure.
What to enter
Use the calculator above to set your amounts, rates, and tenure. Results update as you move sliders or type values — switch currency if you are planning in USD, INR, or another supported unit.
Step-by-step
- Open the Gold Loan Calculator and enter your amounts, rates, and time period in the input fields.
- Review the results panel — totals update instantly when you change any value.
- Compare the worked example and formula below to verify the math matches your scenario.
- Read the FAQs for common edge cases, tax notes, and planning tips specific to this calculator.
Gold Loan — Frequently Asked Questions
Each question is answered directly below. Expand any item for the full response.
How is gold loan amount calculated?
Lenders weigh your ornament, deduct stones and non-gold parts to get net gold weight, multiply by the day's per-gram rate for your purity, then lend up to about 75% of that value — applied automatically in this calculator.
What is stone or wastage deduction in gold loans?
Gross weight includes stones, lac, and hooks. Lenders typically deduct about 5–15% (sometimes more for heavy stone work) so a 100g bangle may be valued at ~90g net gold.
What interest rate should I enter?
Enter the gold loan rate quoted by your bank or NBFC — often roughly 8–12% p.a. on reducing balance. Compare total interest payable, especially if a flat rate is advertised.
Can I get a loan higher than my gold value?
No. The sanctioned amount is capped at about 75% of assessed gold value. If you need more, pledge additional gold or consider a personal loan alongside.
What repayment types do gold loans offer?
Many lenders offer EMI (principal + interest each month), interest-only (pay interest monthly and principal at maturity), or capitalization when interest is unpaid — the unpaid amount is added to your balance and compounds until you close the loan.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Banks and lenders may add fees, insurance, or a different interest method. Your real EMI can differ.
- Indian tax and government scheme rules can change each financial year. Please confirm with official sources or a chartered accountant (CA).
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