Gold Loan EMI Calculator
Calculate gold loan EMI or bullet repayment. Find your eligible loan amount using LTV (up to 75%). Compare Muthoot Finance, Manappuram, SBI gold loan rates. Instant results.
Gold Loan EMI Calculator
Results update instantly
LTV up to 75% of gold value · ₹22K/gram (22-carat) · 10g gold ≈ ₹2.2L loan
Muthoot Finance: 12% · Manappuram: 12.65% · SBI Gold Loan: 8.75% · Banks are cheaper but slower
These numbers are a solid starting point. Your actual EMI may vary slightly by lender — always confirm before signing.
| Year | EMI Paid | Principal Paid | Interest Paid | Interest % | Balance |
|---|
Gold loans from Muthoot or Manappuram start at 10–12% — significantly cheaper than personal loans at 14–18%. If you own gold jewellery, a gold loan is often the fastest and cheapest emergency fund. Processing happens same day with LTV up to 75%.
What is a Gold Loan EMI Calculator?
A gold loan calculator helps you calculate the EMI or total interest on a loan taken against your gold jewellery or coins. Gold loans are one of the fastest, cheapest, and most accessible credit options in India — NBFCs like Muthoot Finance and Manappuram disburse loans within 30 minutes, and banks like SBI offer rates starting at 8.75%.
Enter the loan amount (based on your gold value and LTV), the interest rate, and tenure. The calculator supports both EMI repayment (fixed monthly payments) and bullet repayment (pay everything at the end) so you can compare both options.
How gold loan eligibility is calculated
Your gold loan amount depends on your gold's weight, purity, and the lender's LTV (Loan to Value) ratio. RBI allows up to 75% LTV for gold loans. Here's how to estimate your loan amount:
Example: 20g of 22-carat gold at ₹6,500/gram = ₹1,30,000 × 75% = ₹97,500 max loan
Only the gold content is valued — not the making charges, stones, or any non-gold components of jewellery.
EMI vs bullet repayment for gold loans
EMI repayment: Fixed monthly payments covering both principal and interest. Better for longer tenures (6 months to 3 years) as total interest outgo is lower.
Bullet repayment: Pay the entire principal and accumulated interest at maturity. Better for very short tenures (1–3 months) when you expect a lump sum inflow soon — like after selling a property or receiving salary arrears.
Key factors in gold loans
Lender type: SBI and bank gold loans offer the lowest rates (8–11%) but require more documentation and take 1–2 working days. Muthoot Finance and Manappuram are faster (30 minutes) but charge 12–24%. For emergencies, NBFCs; for planned borrowing, banks.
Gold purity: 22-carat jewellery gets the best valuation. 18-carat gold is valued lower. Coins issued by banks are accepted at 99.5% purity. Hallmarked gold (BIS certified) often gets better rates with some lenders.
ThriftRupee tips for gold loans
Tip 1: Gold loan vs personal loan. If you own gold, a gold loan at 10–12% is almost always cheaper than a personal loan at 14–18%. The gold is safely stored with the lender and returned once you repay — there is no credit score impact on rejection.
Tip 2: Watch auction risk. If you miss repayment, lenders send notice before auctioning. Always ensure you can repay before the tenure ends. Set a calendar reminder 30 days before maturity.
Tip 3: Compare per-gram rate. Before finalising, ask each lender their per-gram valuation rate for your gold purity. The lender offering the highest per-gram rate gives you the most loan for the same jewellery.