Calculate gold-loan EMI, total interest and payout across bullet or EMI repayment.
You will pay ₹13,982 every month for 24 months. Total interest cost: ₹35,576 (11.86% of principal).
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹1,41,796 | ₹25,992 | ₹1,58,204 |
| 2 | ₹1,58,204 | ₹9,584 | ₹0 |
Gold loans are secured by physical gold jewellery / coins at 75% LTV (RBI cap). Rates start at 8.5% p.a. (banks) and go up to 24% (NBFCs like Muthoot, Manappuram). Tenures are typically 3–36 months with bullet, EMI or interest-only repayment. Ideal for short-term working-capital or emergency needs at rates far below unsecured PLs.
Trader needs festive-season working capital.
| Lender | Rate | LTV | Tenure |
|---|---|---|---|
| PSU banks | 8.5–10% | up to 75% | up to 36 mo |
| Private banks | 9–12% | up to 75% | up to 24 mo |
| NBFC (Muthoot/Manappuram) | 12–24% | up to 75% | 3–24 mo |
Ignoring processing fees (0.25–2%) and valuation charges.
Bullet repayment at NBFC rate — 24% for 6 months = 12% straight fee.
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Prefer PSU banks for tenures >6 months, NBFCs for <90 days quick liquidity.
Split gold across 2 loans if possible — reduces auction risk on default.
EMI is computed using the standard reducing-balance formula: EMI = P × r × (1+r)^N / ((1+r)^N − 1), where P is the principal, r the monthly interest rate and N the tenure in months.
No. Processing fees, insurance, GST on fees and stamp duty are excluded and vary per lender. Add them separately to arrive at the true cost of the loan.
Yes. Any principal prepayment reduces the outstanding balance and therefore future interest. Prepaying earlier in the tenure saves the most interest.
EMI is computed using the standard reducing-balance formula: EMI = P × r × (1+r)^N / ((1+r)^N − 1), where P is the principal, r the monthly interest rate and N the tenure in months.
via Gold Loan CalculatorEMI is computed using the standard reducing-balance formula: EMI = P × r × (1+r)^N / ((1+r)^N − 1), where P is the principal, r the monthly interest rate and N the tenure in months.
via EMI CalculatorNo. Processing fees, insurance, GST on fees and stamp duty are excluded and vary per lender. Add them separately to arrive at the true cost of the loan.
via EMI CalculatorEMI is computed using the standard reducing-balance formula: EMI = P × r × (1+r)^N / ((1+r)^N − 1), where P is the principal, r the monthly interest rate and N the tenure in months.
via Personal Loan CalculatorNo. Processing fees, insurance, GST on fees and stamp duty are excluded and vary per lender. Add them separately to arrive at the true cost of the loan.
via Personal Loan CalculatorThis dataset is free to reference in articles, research and reports. Attribution to Taxpex Consultancy is all we ask. Data last verified 31 July 2026.
Taxpex Consultancy. (2026). Gold Loan Calculator — Taxpex. Retrieved from https://taxpex.com/tools/loans-emi/gold-loan-calculator<a href="https://taxpex.com/tools/loans-emi/gold-loan-calculator">Gold Loan Calculator — Taxpex</a> — Taxpex Consultancy