Gold Loan EMI Calculator (2026) – All Banks & NBFCs
🥇 Gold Loan Rates Starting from 7.50% p.a. (2026)
Gold Loan EMI Calculator
Loan Amount ₹2,00,000
Interest Rate (% p.a.) 10%
Loan Tenure (Years) 2 Years
Your Monthly EMI
Calculating…
Principal Amount–
Total Interest Payable–
Total Amount Payable–
Enter details and click Calculate.
Principal vs Interest Breakdown
Principal
Interest
Year-wise EMI Breakdown – Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance | P vs I Split |
|---|
How to Use Gold Loan EMI Calculator
The Gold Loan EMI Calculator helps you calculate monthly repayment for any gold-backed loan — from SBI, HDFC, ICICI, Muthoot Finance, Manappuram or any other lender. Gold loans are typically short-term (1-4 years) with faster approval than personal loans.
EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Loan Amount | R = Monthly Rate (Annual ÷ 12 ÷ 100) | N = Tenure in Months
P = Loan Amount | R = Monthly Rate (Annual ÷ 12 ÷ 100) | N = Tenure in Months
Interest Rates – All Banks Comparison 2026
| Bank / Lender | Interest Rate (p.a.) | Max Loan Amount | Max Tenure | EMI Calculator |
|---|---|---|---|---|
| SBI Bank | 8.75% – 10.50% | Up to 75% of gold value | 3 Years | SBI EMI |
| HDFC Bank | 10.05% – 16.00% | Up to 75% of gold value | 2 Years | HDFC EMI |
| ICICI Bank | 10.00% – 16.50% | Up to 75% of gold value | 2 Years | ICICI EMI |
| Axis Bank | 17.00% – 19.00% | Up to 75% of gold value | 3 Years | Axis EMI |
| Canara Bank | 7.50% – 9.00% | Up to 75% of gold value | 2 Years | Canara EMI |
| PNB Bank | 8.75% – 10.00% | Up to 75% of gold value | 2 Years | PNB EMI |
| Bank of Baroda | 9.15% – 10.50% | Up to 75% of gold value | 2 Years | BOB EMI |
| Muthoot Finance | 12.00% – 24.00% | Up to 75% of gold value | 3 Years | Muthoot EMI |
| Manappuram Finance | 12.00% – 29.00% | Up to 75% of gold value | 1 Year | Manappuram EMI |
*Rates are indicative for April 2026. Contact your bank for exact applicable rates.
EMI Examples – Quick Reference 2026
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹50,000 | 10% | 1 year | ₹4,396 | ₹2,752 |
| ₹1,00,000 | 10% | 2 years | ₹4,614 | ₹10,736 |
| ₹2,00,000 | 10% | 2 years | ₹9,227 | ₹21,448 |
| ₹5,00,000 | 12% | 3 years | ₹16,607 | ₹97,852 |
| ₹10,00,000 | 14% | 3 years | ₹34,178 | ₹2,30,408 |
Eligibility Criteria & Key Tips
- Government banks (SBI, Canara, PNB) offer lowest gold loan rates starting from 7.50-8.75%
- RBI allows maximum 75% LTV — higher purity gold (22-24 carat) gets better valuation
- Gold loan approval is fastest — often within 1-2 hours with minimal documents
Frequently Asked Questions
How much gold loan can I get per gram in 2026?
Gold loan per gram in 2026 is approximately ₹4,500 to ₹5,500 per gram for 22 carat gold, based on RBI approved rate and 75% LTV. Higher carat gold (24K) fetches better valuation. Actual amount varies by lender and current gold price.
What is LTV ratio for gold loan in India?
RBI mandates maximum 75% LTV (Loan to Value) for gold loans. If your gold is worth ₹1 lakh, maximum loan = ₹75,000. Banks calculate gold value based on prevailing market rate for 22 carat gold.
Gold loan vs personal loan — which is better?
Gold loan advantages: lower interest rate (8-15% vs 11-22%), faster approval, no income proof needed, no credit score requirement. Personal loan advantages: no asset risk, higher loan amount possible. If you have gold, gold loan is typically cheaper.
What if I can’t repay gold loan?
If you miss EMIs, lender sends notice. After notice period, lender has right to auction your pledged gold. This also negatively impacts CIBIL score. Always ensure you can repay before pledging gold.