Gold loan EMI calculator
A Rs 1,00,000 gold loan at 10% for 1 year costs Rs 8,792 a month as an EMI. Switch the repayment type to see a bullet or interest-only plan.
Results update as you type. Nothing you enter is stored.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | Rs 1,00,000 | Rs 5,499 | Rs 0.00 |
| Tenure | EMI | Total interest |
|---|---|---|
| 1 yr | Rs 8,792 | Rs 5,499 |
| 2 yr | Rs 4,614 | Rs 10,748 |
| 3 yr | Rs 3,227 | Rs 16,162 |
| 4 yr | Rs 2,536 | Rs 21,740 |
| 5 yr | Rs 2,125 | Rs 27,482 |
| 7 yr | Rs 1,660 | Rs 39,450 |
| 10 yr | Rs 1,322 | Rs 58,581 |
How it works
Gold loans are often short and repaid in one of three ways: a regular EMI, a single bullet payment of principal and interest at the end, or monthly interest with the principal at the end. The bullet and interest-only figures use simple interest; your lender's terms decide the exact method.
How much you can borrow against your gold depends on the lender and on loan to value rules; this page does not quote those limits.
Formula
EMI = P r (1 + r)^n / ((1 + r)^n - 1); bullet = P + P x rate x months / 12
Frequently asked questions
What is a bullet repayment gold loan?
You repay the principal and all interest in one payment at the end of the tenure.
How is gold loan interest calculated?
Usually on the outstanding amount for the days it is outstanding; the gold loan interest calculator does that for any number of days.
What if I miss a gold loan payment?
Lenders may charge penal interest and can auction the pledged gold after notice; read the loan agreement.
Related
This tool is for information only and is not investment, tax or legal advice. Results depend on the inputs and assumptions you enter; check important figures with the official source or a qualified professional.