EMI on a ₹1 lakh Gold Loan (Oct 2026)
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 | ₹47,265 | ₹8,664 | ₹52,735 |
| Year 2 | ₹52,735 | ₹3,195 | ₹0 |
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₹1 lakh gold loan EMI by interest rate and tenure
Monthly EMI in rupees for a ₹1 lakh gold loan (indicative rates 9%–24%).
| Tenure | 9% | 10% | 12% | 14% | 18% |
|---|---|---|---|---|---|
| 1 year | ₹8,745 | ₹8,792 | ₹8,885 | ₹8,979 | ₹9,168 |
| 2 years | ₹4,568 | ₹4,614 | ₹4,707 | ₹4,801 | ₹4,992 |
| 3 years | ₹3,180 | ₹3,227 | ₹3,321 | ₹3,418 | ₹3,615 |
What the ₹4,661 EMI really costs
Over 2 years you pay ₹1,11,859 for a ₹1 lakh loan, which is 1.12 times the amount borrowed. If you stretch the loan to 3 years, the EMI falls to ₹3,274 but you pay ₹17,859 in interest, ₹6,001 more than the 2-year plan.
Outstanding balance over time
| After | Balance left | Interest paid so far |
|---|---|---|
| Year 1 | ₹52,735 | ₹8,664 |
| Year 2 | ₹0 | ₹11,859 |
How to pay less interest
- Pay ₹500 extra every month: saves about ₹1,253 and finishes 2 months early.
- Get a 10% rate instead of 11%: the EMI drops to ₹4,614.
- Compare banks and NBFCs on the rate and the loan-to-value ratio, not only how fast the money arrives.
Frequently asked questions
What is the EMI on a ₹1 lakh gold loan?
At 11% for 2 years, the EMI on a ₹1 lakh gold loan is ₹4,661 per month. Total interest is ₹11,859 and total repayment is ₹1,11,859.
How much salary do I need for a ₹1 lakh gold loan?
If lenders cap total EMIs at 50% of take-home pay, you need about ₹9,322 a month net income for an EMI of ₹4,661. With a 40% cap, you need about ₹11,652.
How can I reduce the EMI on a ₹1 lakh gold loan?
A 1% lower rate (10%) cuts the EMI to ₹4,614, saving ₹46 a month. Extending the tenure to 3 years lowers it to ₹3,274, but total interest rises to ₹17,859.
Does prepaying help on a ₹1 lakh gold loan?
Yes. Paying ₹500 extra every month saves about ₹1,253 in interest and cuts the loan by about 2 months.
Other gold loan amounts
Related guides
Use the full gold loan EMI calculator for any amount, or read how we calculate.