Gold Loan Calculator
Calculate the EMI on a gold loan from any bank or NBFC. Compare interest cost across schemes with this gold loan EMI calculator.
Typical Rate
8.5% – 24%
banks / NBFCs
Max Tenure
3 years
EMI schemes
Max LTV
75%
of gold value
Disbursal
30 – 60 min
walk-in process
Gold Loan Details
₹5.00 L
11.0% p.a.
2 yrs
Monthly EMI
₹23,304
for 24 months · 2 years tenure
Principal
₹5.00 L
89.4%
Total Interest
₹59.3 K
10.6%
Total Payment
₹5.59 L
Over full tenure
Avg Interest/Month
₹2.5 K
Across tenure
Principal vs Interest
Distribution of your total payment
Principal Interest
Yearly Breakdown
Principal and interest paid each year (first 15)
Amortization Schedule
Total Principal
₹5,00,000
Total Interest
₹59,294
Total Amount Paid
₹5,59,294
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|
| 1 | ₹5,00,000 | ₹23,304 | ₹18,721 | ₹4,583 | ₹4,81,279 |
| 2 | ₹4,81,279 | ₹23,304 | ₹18,892 | ₹4,412 | ₹4,62,387 |
| 3 | ₹4,62,387 | ₹23,304 | ₹19,065 | ₹4,239 | ₹4,43,322 |
| 4 | ₹4,43,322 | ₹23,304 | ₹19,240 | ₹4,064 | ₹4,24,082 |
| 5 | ₹4,24,082 | ₹23,304 | ₹19,417 | ₹3,887 | ₹4,04,665 |
| 6 | ₹4,04,665 | ₹23,304 | ₹19,594 | ₹3,709 | ₹3,85,071 |
| 7 | ₹3,85,071 | ₹23,304 | ₹19,774 | ₹3,530 | ₹3,65,297 |
| 8 | ₹3,65,297 | ₹23,304 | ₹19,955 | ₹3,349 | ₹3,45,341 |
| 9 | ₹3,45,341 | ₹23,304 | ₹20,138 | ₹3,166 | ₹3,25,203 |
| 10 | ₹3,25,203 | ₹23,304 | ₹20,323 | ₹2,981 | ₹3,04,880 |
| 11 | ₹3,04,880 | ₹23,304 | ₹20,509 | ₹2,795 | ₹2,84,371 |
| 12 | ₹2,84,371 | ₹23,304 | ₹20,697 | ₹2,607 | ₹2,63,674 |
Frequently Asked Questions
Banks offer gold loans at 8.5% – 13% p.a., while NBFCs like Muthoot and Manappuram charge 12% – 24% depending on the scheme. Shorter-tenure schemes typically have lower rates.