Gold Loan Calculator
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About this Calculator
Use our free Gold Loan Calculator to calculate EMI, interest and total repayment instantly.
How Gold Loan Calculator Works
A gold loan is a secured loan where gold jewellery is pledged as collateral. This calculator helps you estimate EMI, total interest and repayment amount easily.
Gold Loan EMI Formula
EMI = [P × R × (1+R)N] / [(1+R)N − 1]
Where P = Loan Amount, R = Monthly Interest Rate, N = Loan Tenure in Months
Gold Loan EMI Example
If you take a gold loan of 3,00,000 at 10.5% for 3 years, your monthly EMI will be approximately 9,750.
Frequently Asked Questions
Is this gold loan calculator free?
Yes, it is completely free.
Is gold loan interest lower?
Yes, gold loans usually have lower interest than personal loans.
Can I prepay gold loan?
Yes, most banks allow partial or full prepayment.