Loans
Gold Loan EMI Calculator
Gold loans are secured against jewellery — lower rates than personal loans, fast disbursal. Banks charge 8.5–11%, gold loan NBFCs (Muthoot, Manappuram) charge 11–17%. RBI caps LTV at 75%.
Inputs
₹
₹10.0 K₹50.00 L
%
7.00%20.00%
yr
1 yr5 yr
Monthly EMI
₹13,982
Total interest
₹35,576
Total payment
₹3,35,576
Payment breakdown
Principal vs Interest · 2 time period
PrincipalInterest
Gold loan basics
- • LTV (Loan-to-Value): Up to 75% of gold's market value (RBI cap)
- • Eligible gold: 18K–24K jewellery, coins (max ₹50K worth)
- • Repayment options: Bullet (pay full at end), Regular EMI, Pay-only-interest, or Overdraft
- • Tenure: Usually 3–36 months
- • Penalty: Default risks auction of your gold
- • Tax: Interest not tax-deductible (unless used for business/property)
Bank vs NBFC comparison
| Lender | Rate | Disbursal |
|---|---|---|
| SBI / Canara / BoB | 8.50–10.50% | Same day to 1 day |
| HDFC / ICICI / Axis | 9.50–13% | Same day |
| Muthoot / Manappuram | 11–17% | 30 minutes |