Gold Loan Calculator

Gold Loan Calculator: Complete Guide to Gold Loans in India 2025

The gold loan calculator is a comprehensive online tool designed to help you calculate Equated Monthly Installment (EMI) for gold loans offered by all major Indian banks and financial institutions. Whether you're looking for a gold loan calculator SBI, gold loan calculator HDFC, gold loan calculator ICICI, gold loan calculator PNB, gold loan calculator Canara Bank, gold loan calculator Bank of Baroda, gold loan calculator Union Bank, gold loan calculator Indian Bank, gold loan calculator IOB, gold loan calculator IIFL, gold loan calculator Muthoot, or a general gold loan calculator online, this calculator provides accurate calculations for all major Indian banks. The gold loan calculator India helps you understand the complete cost of borrowing against your gold assets.

💰 Understanding Gold Loan Interest Rates

Gold loan interest rates vary across different banks and financial institutions in India. As of 2025, most banks offer competitive gold loan interest rates typically ranging from 9% to 11% per annum. Here's a breakdown of interest rates by bank:

• SBI Gold Loan: Typically 9.0% - 9.5% per annum, making the gold loan calculator SBI popular among borrowers
• HDFC Gold Loan: Typically 9.5% - 10.0% per annum, with competitive rates for the gold loan calculator HDFC
• ICICI Gold Loan: Typically 9.5% - 10.0% per annum, offering flexible options in the gold loan calculator ICICI
• PNB Gold Loan: Typically 9.0% - 9.5% per annum, with attractive rates for the gold loan calculator PNB
• Canara Bank Gold Loan: Typically 9.5% - 10.0% per annum, competitive rates in the gold loan calculator Canara Bank
• Bank of Baroda Gold Loan: Typically 9.0% - 9.5% per annum, featured in the gold loan calculator Bank of Baroda
• Union Bank Gold Loan: Typically 9.0% - 9.5% per annum, competitive rates in the gold loan calculator Union Bank
• Indian Bank Gold Loan: Typically 9.0% - 9.5% per annum, competitive rates in the gold loan calculator Indian Bank
• IOB Gold Loan: Typically 9.0% - 9.5% per annum, available in the gold loan calculator IOB
• IIFL Gold Loan: Typically 10.0% - 11.0% per annum, available in the gold loan calculator IIFL
• Muthoot Gold Loan: Typically 10.5% - 12.0% per annum, featured in the gold loan calculator Muthoot

The actual interest rate depends on factors such as loan amount, tenure, gold purity, and the bank's current policies. Use the gold loan calculator online to compare rates across different banks and find the best option for your needs.

🏦 Gold Loan Features Across Major Banks

Gold loans from major Indian banks and financial institutions offer several attractive features:

• Loan Amount: Up to 75% of the gold's appraised value, making it an excellent option for accessing quick funds
• Interest Rates: Competitive rates starting from 9% per annum, with variations across banks
• Repayment Tenure: Flexible repayment options from 3 months to 5 years, allowing you to choose a tenure that suits your financial situation
• Quick Disbursement: Fast loan approval and disbursement, often within hours of application
• Minimal Documentation: Simple documentation process, with minimal paperwork required compared to other loan types
• Safe Custody: Your gold remains safe in the bank's secure vault during the loan tenure
• No Income Proof: In many cases, income proof is not required, making it accessible to a wider range of borrowers
• Flexible Repayment: Various repayment options including EMI, bullet payment, or interest-only payments

🧮 How is Gold Loan EMI Calculated?

The gold loan calculator uses the standard EMI formula to calculate your monthly payment:

Whether you're using the gold loan calculator SBI, gold loan calculator HDFC, gold loan calculator ICICI, or any other bank-specific calculator, the formula remains the same. The gold loan calculator online helps you understand the complete cost of borrowing and plan your finances accordingly.

📊 Bank-Specific Gold Loan Calculators

Different banks offer different features and interest rates for gold loans. Here's what to expect from each bank:

📈 Gold Loan Calculator Excel

Many users prefer to use Excel for gold loan calculations. While our online gold loan calculator provides instant results, you can also create your own Excel spreadsheet using the EMI formula. The gold loan calculator Excel format allows you to:

• Calculate EMI for different loan scenarios
• Compare multiple banks side by side
• Create amortization schedules for the entire loan tenure
• Analyze the impact of different interest rates and tenures
• Plan prepayments and understand their impact

Our online gold loan calculator provides all these features without requiring Excel, making it more accessible and user-friendly. However, if you prefer Excel, you can use the same EMI formula we use in our calculator.

✅ Gold Loan Eligibility Calculator

The gold loan calculator helps you determine your loan eligibility based on your salary and existing financial obligations. Key eligibility factors include:

• Gold Value: The appraised value of your gold determines the maximum loan amount (up to 75% LTV)
• Monthly Income: Your monthly salary helps determine your repayment capacity
• Existing EMIs: Your existing loan obligations affect your eligibility
• Credit History: While gold loans are secured, a good credit history can help
• Age: Typically, borrowers should be between 18 and 70 years
• Residency: Indian residents are eligible for gold loans from Indian banks

Use the gold loan calculator online to check your eligibility and understand the maximum loan amount you can avail based on your financial profile. The gold loan calculator India helps you compare eligibility across different banks.

💡 Tips for Using the Gold Loan Calculator

• Select the appropriate bank to get default interest rates for that bank
• Use the eligibility calculator to determine your maximum loan amount based on salary
• Compare different banks by switching between bank options
• Review the amortization schedule to understand payment structure
• Shorter tenures result in higher EMIs but lower total interest
• Longer tenures result in lower EMIs but higher total interest
• Consider your monthly budget when choosing tenure options
• Factor in existing EMIs when calculating eligibility
• Remember that the loan amount is up to 75% of your gold's appraised value
• Compare rates across different banks using the gold loan calculator online
• Use the gold loan calculator India to understand rates across all major Indian banks