Work out your gold loan EMI
A gold loan is secured against gold jewellery or coins you pledge, so it's quick to get and usually cheaper than an unsecured loan — typically 9–15% per year over short tenures of 6 months to 3 years. Note that many gold loans are interest-only or bullet repayment rather than equal EMIs; this calculator models a standard EMI loan. Enter your loan amount, rate and tenure to see the EMI, total interest and a full schedule. Everything runs in your browser.
Who uses this tool
People raising short-term funds against gold for an emergency, a business need or a big expense, who want to know the monthly cost and total interest on an EMI-based gold loan.
How to use it
- Enter your gold loan amount, the interest rate and the tenure.
- Optionally set the month the loan starts so the schedule shows real dates.
- Click Calculate EMI to see your EMI, total interest, and the year-by-year schedule. Tap any year to expand its months.
Frequently asked questions
How does a gold loan work?
You pledge gold as security and get a loan worth a share of its value; the gold is returned on repayment. Rates are usually 9–15%.
What's the tenure?
Usually short — 6 months to 3 years. Some are bullet repayment rather than EMI.
Do all gold loans have an EMI?
No — many are interest-only or bullet. This tool models a standard equal-EMI loan.
How much can I borrow against gold?
RBI allows up to about 75% loan-to-value, so roughly three-quarters of your gold's worth.