Gold Loan EMI Calculator India – Calculate Your Gold Loan EMI Online

Calculate exact monthly EMI for your gold loan in India. Check EMI for 1 lakh, 2 lakh gold loans, compare tenures from 3-36 months, and see total interest payable. Updated for 2026 gold loan interest rates from SBI, HDFC, ICICI, and NBFCs.

verified RBI Guidelines update Updated 2026 security 100% Free

🥇 Gold Loan EMI Calculator India

Loan Amount (₹)

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Interest Rate (%)

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Loan Tenure (Months)

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Monthly EMI ₹8,762

Total Interest ₹5,144

Total Payment ₹1,05,144

info Gold loan at 9.5% for 12 months. Lower rates available from SBI (8.75%).

📊 EMI for Gold Loan – Amount & Tenure Comparison

Monthly EMI and total interest for different loan amounts at 9.5% rate

Loan Amount	12 Months EMI	18 Months EMI	24 Months EMI	Interest (12M)	Interest (24M)
₹50,000	₹4,381	₹2,976	₹2,292	₹2,572	₹5,008
₹1,00,000	₹8,762	₹5,952	₹4,584	₹5,144	₹10,016
₹2,00,000	₹17,524	₹11,904	₹9,168	₹10,288	₹20,032
₹3,00,000	₹26,286	₹17,856	₹13,752	₹15,432	₹30,048
₹5,00,000	₹43,810	₹29,760	₹22,920	₹25,720	₹50,080

*Calculated at 9.5% interest rate. Actual rates vary by bank and gold purity.

🥇 Gold Loan Eligibility – LTV Ratio & Loan Amount Calculator

Gold Loan LTV Calculator

Gold Weight (grams)

Gold Purity

Current Gold Rate (per 10g)

Gold Value: ₹1,30,000

Maximum Loan (75% LTV): ₹97,500

                        Recommended EMI (12 months):
                        ₹8,543
                    

*RBI caps gold loan LTV at 75% for banks. NBFCs may offer up to 80%.

Gold Loan LTV by Purity

Gold Purity	Max LTV	Loan per 10g
22 Carat	75%	₹4,500-5,000
18 Carat	70%	₹3,800-4,200
24 Carat	75%	₹4,800-5,300
Gold Coins	70%	₹4,200-4,700

*Rates indicative. Actual depends on bank policy and gold appraisal.

🏦 Bank Gold Loan EMI Comparison – Interest Rates 2026

Compare gold loan rates from top banks and NBFCs in India

Bank / NBFC	Interest Rate	Processing Fee	Max LTV	Max Tenure
SBI	8.75%	0.25%	75%	12-36 months
HDFC	9.25%	0.50%	75%	12-36 months
ICICI	9.00%	0.35%	75%	12-36 months
Axis	9.50%	0.50%	75%	12-24 months
PNB	8.90%	0.25%	80%	12-36 months
Muthoot Finance	9.75%	0.50%	75%	3-12 months
Manappuram	9.85%	0.50%	75%	3-12 months

*Rates indicative as of 2026. Final rate depends on loan amount and gold purity.

📊 Visual Breakdown of Your Gold Loan

Principal vs Interest – ₹1 Lakh Gold Loan at 9.5% for 12 Months

Principal: ₹1,00,000 (95%)

Total Interest: ₹5,144 (5%)

Gold loans have lower interest rates than unsecured loans due to collateral

Gold Loan Amortization Schedule – Balance Over Time

Your loan balance decreases as you make monthly payments

📋 Gold Loan Amortization Schedule (First 6 Months)

Monthly breakdown – EMI, Interest, Principal, Remaining Balance for ₹1 lakh at 9.5% for 12 months

Month	EMI (₹)	Interest (₹)	Principal (₹)	Remaining Balance (₹)

info Full amortization table for 12 months available in calculator results

⚖️ Gold Loan vs Personal Loan – Which is Better?

For ₹1 lakh loan, 12 months tenure

🥇 Gold Loan

Interest Rate: 9.5%

Monthly EMI: ₹8,762

Total Interest: ₹5,144

Processing Fee: 0.25-0.50%

Advantages: Lower rate, no prepayment charge

💰 Personal Loan

Interest Rate: 12.5%

Monthly EMI: ₹8,912

Total Interest: ₹6,944

Processing Fee: 1-2%

Disadvantages: Higher rate, prepayment penalty

savings

Gold Loan saves you ₹1,800 in interest + lower fees!

Compare with Personal Loan →

💰 Gold Loan Prepayment – Save Even More

Gold loans usually have zero prepayment charges – use this to your advantage

Prepayment after 6 months

Remaining Principal: ₹51,234

Interest Saved: ₹2,456

New Tenure: 6 months → 0 months

Prepayment after 9 months
                    Remaining Principal:
                    ₹25,890
                
                    Interest Saved:
                    ₹1,234
                
                    New Tenure:
                    3 months → 0 months

Extra EMI per month

Pay ₹10,000/month: Loan closes in 10 months

Interest Saved: ₹890

*Calculated for ₹1 lakh loan at 9.5% for 12 months. Use our prepayment calculator for exact figures.

🧮 Gold Loan Reducing Balance Method – How EMI Is Calculated

EMI = P × R × (1+R)^N / ((1+R)^N - 1)

P = Loan Amount (based on gold value × LTV)

R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)

N = Loan Tenure in Months

Example: ₹1 Lakh Gold Loan at 9.5% for 12 Months

P = ₹1,00,000
R = 9.5% ÷ 12 ÷ 100 = 0.0079167
N = 12 months
EMI = 1,00,000 × 0.0079167 × (1.0079167)¹² / ((1.0079167)¹² - 1) = ₹8,762
Total Interest = (₹8,762 × 12) - ₹1,00,000 = ₹5,144

📌 Key Factors That Affect Your Gold Loan EMI

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Interest Rate

0.5% increase adds ₹45/month on ₹1 lakh loan over 12 months. Total interest increases by ₹540.

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Loan Tenure

12 months vs 24 months: EMI ↓ by ₹4,178 but interest ↑ by ₹4,872. Shorter tenure saves interest.

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Gold Purity

Higher purity = higher LTV = higher loan amount. 22K vs 18K can mean 5-10% more loan.

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Gold Rate

Higher gold price = higher loan amount. Every ₹1,000 increase in rate adds ₹1,500 loan for 20g.

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Bank vs NBFC

Banks offer 8.75-9.5%, NBFCs 9.75-10.5%. SBI lowest, Muthoot higher but faster disbursal.

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Prepayment

Gold loans have zero prepayment penalty. Prepay early to save interest – unlike personal loans.

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Smart Recommendation Based on Your Gold Loan

For a ₹1 lakh gold loan at 9.5% for 12 months, your EMI is ₹8,762 with total interest ₹5,144. Consider SBI for lowest rate (8.75%). If you can prepay after 6 months, you'll save ₹2,456 interest. Gold loan is 30% cheaper than personal loan for same amount!

Try Prepayment Calculator Compare Rate Types

💡 Smart Tips for Gold Loan Borrowers

1. Compare Bank vs NBFC Rates

SBI offers 8.75% but may have longer processing. NBFCs like Muthoot offer faster disbursal at 9.75%. Choose based on urgency.

2. Check LTV Ratio

Most banks offer 75% LTV. For ₹1 lakh gold, max loan ₹75,000. Some NBFCs offer 80% for high-purity gold.

3. Prepay Without Penalty

Gold loans have zero prepayment charges. If you get bonus, prepay early to save interest. Use our prepayment calculator.

4. Choose Shorter Tenure

12-month tenure vs 24-month: EMI higher but interest 50% less. Choose what fits your cash flow.

5. Understand Auction Policy

If you miss payments, bank can auction gold. Always pay on time or request extension before due date.

6. Compare with Personal Loan

For small amounts, gold loan is cheaper. For larger amounts, compare with our personal loan calculator.

❓ Frequently Asked Questions: Gold Loan EMI India

How is gold loan EMI calculated in India? ▼

Gold loan EMI is calculated using the reducing balance method: EMI = P × R × (1+R)^N / ((1+R)^N - 1). Most banks use monthly reducing balance. For example, ₹1 lakh gold loan at 9.5% for 12 months: EMI = ₹8,762, total interest = ₹5,144.

What is EMI for 1 lakh gold loan? ▼

For ₹1 lakh gold loan at 9.5% interest: 12 months: ₹8,762/month, total interest ₹5,144. 18 months: ₹5,952/month, total interest ₹7,136. 24 months: ₹4,584/month, total interest ₹10,016.

What is EMI for 2 lakh gold loan? ▼

For ₹2 lakh gold loan at 9.5% interest: 12 months: ₹17,524/month, total interest ₹10,288. 18 months: ₹11,904/month, total interest ₹14,272. 24 months: ₹9,168/month, total interest ₹20,032.

What is gold loan interest rate in India 2026? ▼

Gold loan interest rates in India for 2026 range from 8.75% to 10.5%. SBI offers from 8.75%, HDFC from 9.25%, ICICI from 9.00%. NBFCs like Muthoot charge slightly higher at 9.75-10.5%. Rates vary by loan amount and tenure.

What is the maximum tenure for gold loan? ▼

Banks typically offer gold loan tenure from 3 months to 36 months. SBI and PNB offer up to 36 months. NBFCs like Muthoot offer shorter tenures of 3-12 months. Some lenders allow rollover/extension after maturity.

Can I prepay gold loan? ▼

Yes, most banks allow gold loan prepayment without penalty. Unlike personal loans, gold loans usually have zero prepayment charges. You can close the loan anytime by paying outstanding principal + interest accrued.

What is LTV ratio in gold loan? ▼

LTV (Loan-to-Value) ratio is the maximum loan amount as percentage of gold value. RBI caps gold loan LTV at 75% for banks. For ₹1 lakh gold value, maximum loan is ₹75,000. Some NBFCs offer up to 80% for higher purity.