Gold Loan Calculator
Estimate the loan amount you can get against your gold. Compare interest rates, LTV ratios, and terms from leading gold loan providers in India.
How Gold Loans Work
Pledge Your Gold
Submit your gold jewellery or coins as collateral
Gold Valuation
The lender assesses weight and purity
Loan Disbursed
Receive up to 75% of gold value as loan
Repay & Retrieve
Pay back the loan and get your gold returned
Gold Loan Estimates
| Gold Weight | Gold Value (22K) | Loan at 75% LTV | Loan at 60% LTV |
|---|---|---|---|
| 10g | ₹59,540 | ₹44,655 | ₹35,724 |
| 20g | ₹1,19,080 | ₹89,310 | ₹71,448 |
| 50g | ₹2,97,700 | ₹2,23,275 | ₹1,78,620 |
| 100g | ₹5,95,400 | ₹4,46,550 | ₹3,57,240 |
* Based on indicative 22K gold rate of ₹5,954/gram. Actual loan amounts may vary.
Gold Loan Providers Comparison
| Provider | Interest Rate | Max LTV | Min Loan | Max Tenure |
|---|---|---|---|---|
| SBI | 7.30% – 7.50% | Up to 75% | ₹20,000 | 36 months |
| HDFC Bank | 7.50% – 8.50% | Up to 75% | ₹25,000 | 24 months |
| ICICI Bank | 7.50% – 8.00% | Up to 75% | ₹10,000 | 12 months |
| Muthoot Finance | 7.50% – 12.00% | Up to 75% | ₹1,500 | 36 months |
| Manappuram Finance | 8.00% – 12.00% | Up to 75% | ₹1,000 | 36 months |
* Interest rates and terms are indicative and subject to change. Please verify with the respective provider.
Gold Loans in India
Gold loans are one of the fastest ways to access credit in India. By pledging your gold jewellery or coins as collateral, you can receive funds quickly with minimal documentation. Gold loans are offered by banks, NBFCs, and specialised gold loan companies.
Loan-to-Value (LTV) Ratio
The Reserve Bank of India (RBI) has set the maximum LTV ratio for gold loans at 75%. This means you can borrow up to 75% of your gold's market value. Different lenders may offer varying LTV ratios depending on the loan scheme.
Factors Affecting Gold Loan Amount
- Gold purity: Higher purity (24K, 22K) gold fetches a higher valuation
- Gold weight: The total weight of gold pledged directly affects the loan amount
- Current gold rate: Loan amounts are tied to the prevailing market price of gold
- Lender's LTV policy: Each lender has its own LTV ratio within the RBI maximum
Benefits of Gold Loans
- Quick disbursal — often within 30 minutes
- Minimal documentation required
- No credit score check for most lenders
- Lower interest rates compared to personal loans
- Flexible repayment options including bullet repayment
Things to Consider
- Your gold is held by the lender until the loan is fully repaid
- If gold prices fall significantly, you may need to pledge more gold or repay partially
- Compare processing fees and hidden charges across lenders
- Ensure proper insurance coverage for your pledged gold