Gold Loan Calculator
Estimate your gold loan eligibility and monthly payments based on gold weight, purity, current market price, and loan terms.
Published by:
isCalculator Editorial Team
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How to use this tool?
How to Use the Gold Loan Calculator
This calculator estimates your loan amount and monthly EMI based on your gold’s value and loan terms. All inputs are in metric (grams) and US dollars.
- Enter Gold Weight – Input the weight of your gold in grams (e.g., 10).
- Select Purity – Choose the karat value (e.g., 22K for 91.7% pure gold).
- Set Gold Price – Enter the current market price per gram in USD.
- Adjust Loan-to-Value (LTV) – The percentage of gold value you want as a loan (default 75%).
- Input Interest Rate – Annual interest rate in percent (e.g., 12).
- Choose Tenure – Loan repayment period in months (1–60).
- Click “Calculate” – Your estimated loan amount and monthly EMI will appear below.
Note: The loan amount is calculated as: (Weight × Purity% × Gold Price) × LTV%. EMI uses the standard formula with monthly compounding.
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Frequently Asked Questions
The loan amount is calculated as: (Gold Weight × Purity Percentage × Gold Price per Gram) × (Loan-to-Value Percentage). The purity percentage is the karat divided by 24.
EMI is calculated using the standard formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is the loan amount, r is the monthly interest rate, and n is the number of months.
Yes, you can adjust the Loan-to-Value percentage (default 75%) up to 100% to see how it affects your loan amount and EMI.
