Gold Loan EMI Calculator (Oct 2026)
Estimate the EMI on a gold loan taken as a regular instalment loan, and compare it with interest-only and bullet repayment.
Reducing-balance method, monthly compounding. Rate shown is indicative: confirm the live rate with your lender.
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*Monthly take-home needed if EMI is capped at 50% of income.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | ₹94,531 | ₹17,328 | ₹1,05,469 |
| Year 2 | ₹1,05,469 | ₹6,389 | ₹0 |
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About gold loan EMIs
A gold loan is secured on your jewellery, so approval is fast and your credit score matters less. Rates vary widely between banks and NBFCs, from single digits to over 20% a year.
Many gold loans offer bullet repayment, where you pay interest regularly and the principal at the end. This calculator shows the regular EMI option, which clears the principal gradually and often costs less overall.
EMI on a ₹2 lakh gold loan by rate and tenure
Monthly EMI in rupees. The highlighted row is the default tenure.
| Tenure | 9% | 10% | 12% | 14% | 18% |
|---|---|---|---|---|---|
| 1 year | ₹17,490 | ₹17,583 | ₹17,770 | ₹17,957 | ₹18,336 |
| 2 years | ₹9,137 | ₹9,229 | ₹9,415 | ₹9,603 | ₹9,985 |
| 3 years | ₹6,360 | ₹6,453 | ₹6,643 | ₹6,836 | ₹7,230 |
How to lower your gold loan EMI and total interest
- Compare banks and NBFCs on the rate and the loan-to-value ratio, not only how fast the money arrives.
- Check for processing fees, valuation charges and penalties for early closure.
- Prefer EMI repayment over bullet if you can afford it. It avoids a large lump sum at the end.
- Keep gold in a safe, regulated lender and insist on a written valuation and release terms.
Gold Loan EMI lookups by amount
Frequently asked questions
How is gold loan EMI calculated?
When the loan is repaid in EMIs, the usual reducing-balance formula applies. Bullet and interest-only schemes work differently: you pay only interest until the end.
How much gold loan can I get?
Lenders lend a percentage of the gold's value, commonly 75–85% depending on the loan size and RBI rules. The exact limit depends on the lender and the purity and weight of the gold.
Is a gold loan cheaper than a personal loan?
Often yes, because the loan is secured, but rates vary widely. Compare the all-in cost, including fees.