Gold Loan Calculator
Free Gold Loan Calculator for India. Calculate loan amount per gram for 18K, 22K, 24K gold. Check EMI, interest rates from SBI, HDFC, ICICI, Muthoot. Maximum LTV up to 75%.
About This Calculator
Gold loans are secured loans where your gold jewelry or coins serve as collateral. They offer quick approval (within 30 minutes), lower interest rates than personal loans (9-16%), 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 from major Indian banks and NBFCs.
Frequently Asked Questions
How much gold loan can I get per gram?
You can get approximately ₹4,500-5,000 per gram for 22K gold and ₹4,900-5,400 per gram for 24K gold. The exact amount depends on the current gold rate and lender's LTV ratio (up to 75% as per RBI guidelines).
What is the interest rate on gold loans in India?
Gold loan interest rates in India range from 9% to 16% per annum depending on the lender:
- SBI Gold Loan: 9.15% - 9.95%
- HDFC Bank: 9.90% - 16%
- ICICI Bank: 10% - 16.50%
- Axis Bank: 9.90% - 15.50%
- Muthoot Finance: 12% - 16%
- Manappuram Finance: 12% - 16%
How is gold loan amount calculated?
Gold loan amount = (Gold weight × Current price per gram × Purity %) × LTV Ratio (max 75%)
Example: 50g of 22K gold at ₹6,000/g = ₹2,75,000 value × 75% = ₹2,06,250 maximum loan
Which bank gives highest gold loan per gram?
HDFC Bank, ICICI Bank, and Federal Bank typically offer the highest LTV ratio up to 75% of gold value. NBFCs like Muthoot Finance and Manappuram may offer up to 80% for shorter tenures. Compare offers using our calculator to find the best deal.
Gold Loan Per Gram Rates (2026):
| Purity | Gold Rate* | Per Gram Value | Max Loan (75%) |
|---|---|---|---|
| 24K (99.9%) | ₹6,500 | ₹6,494 | ₹4,870 |
| 22K (91.6%) | ₹6,500 | ₹5,954 | ₹4,465 |
| 20K (83.3%) | ₹6,500 | ₹5,415 | ₹4,061 |
| 18K (75%) | ₹6,500 | ₹4,875 | ₹3,656 |
*Approximate rates for 2026 - Enter current rate in calculator for accurate results
Gold Loan Features in India:
- Loan Amount: ₹1,500 to ₹5 Crore (varies by lender)
- LTV Ratio: Up to 75% of gold value (RBI mandated maximum)
- Interest Rates: 9% - 16% per annum
- Tenure: 6 months to 3 years typically
- Processing: 30 minutes to 2 hours
- Documentation: Minimal - ID proof and address proof only
- Income Proof: Not required (gold serves as security)
- Prepayment: Most lenders allow partial or full prepayment
Gold Purity and Valuation:
- 24K Gold (999): 99.9% pure - Highest value, usually coins/bars
- 22K Gold (916): 91.6% pure - Most common for jewelry
- 20K Gold (833): 83.3% pure - Accepted by most lenders
- 18K Gold (750): 75% pure - Minimum acceptable purity
Gold Loan Process:
- Gold Assessment: Weight and purity verification at branch
- Valuation: Based on current market rates (updated daily)
- Loan Approval: Up to 75% of assessed value sanctioned
- Documentation: KYC documents and loan agreement signing
- Gold Storage: Gold sealed and stored in secure locker
- Disbursal: Cash or instant bank transfer
Gold Loan Benefits:
- Quick Processing: Approval within 30 minutes to 2 hours
- No Income Proof Required: Gold serves as security
- Lower Interest Rates: 9-16% vs 11-24% for personal loans
- Flexible Repayment: EMI, interest-only, or bullet payment options
- Safe Storage: Gold stored in bank vaults with insurance
- No Credit Score Impact: Doesn't affect CIBIL score significantly
Repayment Options:
- EMI: Monthly installments of principal + interest
- Interest-only: Pay interest monthly, principal at maturity
- Bullet Payment: Pay entire amount at end of tenure
- Partial Payment: Reduce loan amount anytime, pay interest only on balance
- Overdraft: Pay interest only on amount utilized (like credit line)
Top Gold Loan Providers in India:
| Lender | Interest Rate | Max LTV | Processing Fee |
|---|---|---|---|
| SBI | 9.15-9.95% | 75% | 0.50% |
| HDFC Bank | 9.90-16% | 75% | 1% |
| ICICI Bank | 10-16.50% | 75% | 1% |
| Muthoot Finance | 12-16% | 75-80% | 0-0.50% |
| Manappuram | 12-16% | 75-80% | 0-0.50% |
Calculator Features:
- Calculate maximum loan amount based on gold weight and purity
- Support for all gold purities: 18K, 20K, 22K, 24K
- EMI calculation for various tenures (6, 12, 18, 24, 36 months)
- Loan-to-value ratio analysis with 75% cap
- Visual comparison of gold value vs loan amount
- Interest comparison across major banks and NBFCs
Frequently Asked Questions
How much gold loan can I get per gram?
You can get approximately ₹4,500-5,000 per gram for 22K gold and ₹4,900-5,400 per gram for 24K gold. The exact amount depends on the current gold rate and lender's LTV ratio (up to 75% as per RBI guidelines).
What is the interest rate on gold loans in India?
Gold loan interest rates in India range from 9% to 16% per annum depending on the lender. Banks like SBI (9.15-9.95%), HDFC Bank (9.90-16%), and NBFCs like Muthoot (12-16%) offer competitive rates.
How is gold loan amount calculated?
Gold loan amount = (Gold weight in grams × Current gold price per gram × Purity percentage) × LTV Ratio (max 75%). For example, 50g of 22K gold at ₹6,000/g = ₹2,75,000 value × 75% = ₹2,06,250 maximum loan.
Which bank gives highest gold loan per gram?
HDFC Bank, ICICI Bank, and Federal Bank typically offer the highest LTV ratio up to 75% of gold value. NBFCs like Muthoot Finance and Manappuram may offer up to 80% for shorter tenures. Compare offers using our calculator.
Can I get gold loan on 18 carat gold?
Most banks and NBFCs accept 18K to 24K gold for loans. 18K gold (75% pure) will fetch a lower loan amount compared to 22K or 24K gold due to lower purity. Some lenders may have minimum purity requirements of 18K or 20K.
Is gold loan better than personal loan?
Gold loans are generally better than personal loans because they offer lower interest rates (9-16% vs 11-24%), require no income proof or credit check, and have faster processing (30 minutes to 2 hours). However, you risk losing your gold if you default.
How quickly can I get a gold loan?
Gold loans are processed very quickly - often within 30 minutes to a few hours. Since the gold serves as collateral, lenders don't need extensive documentation or credit checks. You walk in with your gold and KYC documents, and walk out with cash or bank transfer.
What happens if I don't repay my gold loan?
If you fail to repay, the lender will send reminders and may charge late fees. After a grace period (usually 3-6 months), the lender has the right to auction your gold to recover the loan amount. Communicate with your lender if facing difficulties - they may offer extensions.
Can I prepay my gold loan?
Yes, most gold loans allow prepayment without penalties. Prepaying reduces your total interest cost. Some lenders may have minimum tenure requirements before prepayment is allowed. Check your loan agreement for specific prepayment terms.
Is my gold safe with the lender?
Yes, banks and NBFCs store pledged gold in secure vaults with insurance coverage. Reputable lenders take complete responsibility for the safety of your gold. However, it's advisable to take gold loan only from reputed banks or registered NBFCs. Avoid unregistered money lenders.