Gold Loan Calculator

Gold loans are secured loans where your gold jewelry or coins serve as collateral. They offer quick approval, lower interest rates than personal loans, and no income proof requirements.

Our calculator helps you determine the maximum loan amount based on your gold's weight, purity, and current market rates, along with EMI calculations for different tenure options.

Gold Loan Features:

• Loan Amount: Up to 75% of gold value (LTV ratio)
• Interest Rates: 10-16% per annum
• Tenure: 6 months to 3 years typically
• Processing: Quick approval within hours
• Documentation: Minimal paperwork required

Gold Purity and Valuation:

• 24K Gold: 99.9% pure (highest value)
• 22K Gold: 91.6% pure (most common jewelry)
• 20K Gold: 83.3% pure
• 18K Gold: 75% pure (lowest acceptable purity)

Gold Loan Process:

• Gold Assessment: Weight and purity verification
• Valuation: Based on current market rates
• Loan Approval: Up to 75% of assessed value
• Documentation: KYC and loan agreement
• Disbursal: Cash or bank transfer

Gold Loan Benefits:

• Quick Processing: Approval within 30 minutes
• No Income Proof: Gold serves as security
• Lower Interest: Rates lower than personal loans
• Flexible Repayment: EMI or bullet payment options
• Safe Storage: Gold stored in bank lockers

Repayment Options:

• EMI: Monthly installments of principal + interest
• Interest-only: Pay interest monthly, principal at maturity
• Bullet Payment: Pay entire amount at maturity
• Partial Payment: Reduce loan amount anytime

Features:

• Calculate maximum loan amount based on gold value
• Support for different gold purities (18K to 24K)
• EMI calculation for various tenures
• Loan-to-value ratio analysis
• Visual comparison of gold value vs loan amount