Gold Loan Calculator — Eligibility, LTV & EMI India
22K Rate: ₹12,930.70/g · RBI LTV: 75%Calculate gold loan eligibility based on your gold weight and karat using today's live MCX rate. Get EMI estimates for different loan tenures and interest rates — covering all major Indian banks and NBFCs.
Gold Loan Eligibility & EMI Calculator
Gold Loan Rate Comparison — Major Lenders (2024–25)
| Lender | Interest Rate (p.a.) | Max LTV | Processing Fee | Min–Max Tenure |
|---|---|---|---|---|
| SBI | 8.75–9.50% | 75% | 0.5% + GST | 3–36 months |
| HDFC Bank | 9.50–11.00% | 75% | 1% + GST | 6–24 months |
| ICICI Bank | 10.00–11.00% | 75% | 1% + GST | 6–12 months |
| Axis Bank | 10.50–11.50% | 75% | 1% + GST | 6–24 months |
| Muthoot Finance | 11.00–14.00% | 75% | Nil–1% | 1–12 months |
| Manappuram | 9.90–24.00% | 75% | Nil | 1–12 months |
| IIFL Finance | 11.88–18% | 75% | Nil–1% | 3–11 months |
* Rates are indicative. Actual rates depend on loan amount, scheme, and borrower profile. Verify with the lender before applying.
Gold Loan — Key Facts & RBI Guidelines
What is LTV in Gold Loans?
Loan-to-Value (LTV) is the percentage of the pledged gold's market value that the lender advances as a loan. RBI caps this at 75% for banks and NBFCs. At today's 22K rate of ₹12,930.70/g, 20 grams of 22K gold is worth ₹2,58,614 — maximum loan = ₹1,93,961.
Types of Gold Loan Repayment Schemes
- EMI scheme — Monthly principal + interest payments (like a personal loan)
- Bullet repayment — Pay principal + total interest at end of tenure (popular for short-term loans)
- Overdraft / top-up — Revolving credit against pledged gold (SBI Liquid Gold Loan)
Gold Valuation by Lenders
Lenders appoint certified assayers to test gold purity using XRF (X-Ray Fluorescence) or touchstone methods. Hallmarked (BIS 916/750) jewellery is valued more accurately. Making charges and stones are excluded from valuation.
FAQ — Gold Loan India
RBI mandates a maximum LTV (Loan-to-Value) ratio of 75% for gold loans by NBFCs and banks. If your 22K gold is worth ₹1,29,307 (10g), maximum loan = ₹96,980. SHGs (self-help groups) can get up to 90% LTV.
As of 2024–25, typical gold loan interest rates: SBI 8.75–9.5% p.a., HDFC Bank 9.5–11%, ICICI Bank 10–11%, Muthoot Finance 11–14%, Manappuram 9.9–24% (varies by scheme). NBFC rates are often higher but with faster disbursal (within 30 minutes).
Yes, but lenders only value the gold component — stones and making charges are excluded from the valuation. A 10g 22K ring set with diamonds worth ₹5,000 would be valued only at the gold: ₹1,29,307. Maximum loan = ₹96,980.
If a gold loan is not repaid by maturity (typically 3–12 months for bullet schemes), the lender has the right to auction the pledged gold after sending 3 notices. RBI guidelines require lenders to conduct the auction transparently and return excess proceeds to the borrower.
Gold loans are typically cheaper (8.75–14% p.a.) vs personal loans (12–24% p.a.) and faster to process. They require no credit score check. However, you must pledge physical gold, and non-repayment risks the loss of your jewellery.
Minimum 18K (75% purity) gold is accepted by most lenders. 22K and 24K gold gets the highest valuation. Gold coins above 50g are generally not accepted (RBI restriction). Hallmarked jewellery gets better valuation.