About the Gold Loan Calculator
A gold loan converts jewellery you already own into fast, short-term liquidity, with approval that depends far more on the gold pledged than on your income or credit score. This calculator works out your EMI, total interest and total repayment for a gold loan, across the regular EMI, interest-only or bullet-repayment structures lenders commonly offer.
Who should use this calculator
Anyone needing money quickly and holding gold jewellery or coins as security, small business owners using gold loans for short-term working capital, and anyone with limited credit history who cannot easily access an unsecured loan.
Gold loan interest rates in India
Gold loan rates in India vary enormously, typically from about 8.5% to 24% per year, depending heavily on the lender, the loan-to-value offered against your gold's valuation, and the repayment structure chosen. Banks are usually cheaper than dedicated gold-loan NBFCs, though NBFCs are often faster and more flexible on documentation.
Documents required for a gold loan
- PAN card and a valid identity and address proof
- The gold jewellery or coins to be pledged
- Passport-size photographs
Tips to get your gold loan approved faster
- Compare the loan-to-value (LTV) offered, not just the interest rate, a higher LTV means more cash for the same gold.
- Choose the right repayment structure. Interest-only or bullet repayment can suit short-term needs better than a regular EMI.
- Ask about storage, valuation and auction terms upfront, including what happens if gold prices fall sharply during the loan.
- Compare banks and NBFCs both, rates and speed of disbursement differ a lot between the two.
Want to know which gold loan structure suits your need? A Kaithi Finance loan expert can explain the trade-offs on WhatsApp, free of charge.
Gold loan interest rates in India (September 2026)
A gold loan is disbursed against pledged jewellery, usually the same day, with no income proof and no credit-score test. RBI caps the loan-to-value at 75% of the gold's value. Many gold loans are structured as interest-only or bullet repayment rather than a normal EMI, the calculator above handles all three.
| Lender type | Typical rate (p.a.) | Typical max tenure | Best suited to |
|---|---|---|---|
| Banks | 9.00% – 13.00% | 1–3 years | Lowest rates; slower, branch-based |
| Gold loan NBFCs | 11.00% – 20.00% | 1–2 years | Same-day cash, doorstep service |
| Co-operative / local lenders | 14.00% – 26.00% | 1 year | Fastest, most expensive, check terms |
Indicative ranges as of September 2026, compiled from publicly advertised lender pricing. Rates are personalised to your credit score, income and loan-to-value, and change without notice. Always confirm the current rate, spread and reset frequency in your lender's Key Fact Statement before signing.
Gold loan EMI per ₹1 lakh
Multiply the figure below by your loan amount in lakhs to get a quick EMI estimate, a ₹25 lakh loan is simply 25 × the per-lakh EMI. Use the calculator above for the exact figure including processing fees.
| Rate (p.a.) | 1 yr | 2 yr | 3 yr |
|---|---|---|---|
| 9% | ₹8,745 | ₹4,568 | ₹3,180 |
| 11% | ₹8,838 | ₹4,661 | ₹3,274 |
| 13% | ₹8,932 | ₹4,754 | ₹3,369 |
| 16% | ₹9,073 | ₹4,896 | ₹3,516 |
| 19% | ₹9,216 | ₹5,041 | ₹3,666 |
Before you apply, worth checking
- a personal loan, longer tenure, no collateral, but a higher rate.
- our guide to unsecured borrowing, for when pledging gold is not the right answer.
- your overall borrowing capacity, if the gold value alone will not cover what you need.
Frequently asked questions
What is a good interest rate for a gold loan in India?
Gold loan rates in India typically range from about 8.5% to 24% per year. Banks tend to be cheaper than dedicated gold-loan NBFCs, though NBFCs are often faster on documentation and disbursement.
What repayment options does a gold loan offer?
Common structures include a regular EMI, an interest-only option where you pay just the interest monthly and the principal at the end, and a bullet repayment where both principal and interest are paid together at maturity. Use the calculator above to compare the cost of each.
What happens if I cannot repay a gold loan?
The lender can auction the pledged gold to recover the outstanding dues, usually after a notice period specified in your loan agreement. Always check the auction notice terms before pledging.
How much loan can I get against my gold?
RBI caps the loan-to-value on gold loans at 75% of the pledged gold's market value. On jewellery worth ₹5 lakh, that is a maximum of ₹3.75 lakh. Lenders value only the gold content, stones, and the making charges, are excluded.
What happens if I cannot repay a gold loan?
The lender must give you notice and an opportunity to repay before auctioning the pledged gold, and must return any surplus from the auction above what you owe. In practice, most lenders will let you renew or part-pay first, contact them before defaulting, because the gold is genuinely at risk.
Is a gold loan cheaper than a personal loan?
Usually, yes, because it is secured, bank gold loans start around 9% against 11%+ for personal loans, and no income proof or credit score is needed. But tenures are short (1–3 years), so the EMI is higher even though the rate is lower.
What is a bullet repayment gold loan?
You pay nothing monthly and repay the entire principal plus accumulated interest in one payment at the end. It suits a genuinely short-term cash gap with a known inflow, but the single final payment is large, this calculator's interest-only and bullet modes show exactly how large.
Does a gold loan affect my credit score?
It is reported to the credit bureaus like any other loan, so repaying on time helps your score and defaulting hurts it. But because the loan is secured by gold rather than assessed on your score, a low score does not stop you from getting one.