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  • 18K
  • 24K
  • 1g
  • 999g

Total Eligible Loan Amount



How to use Gold Loan Calculator?

Here's a step-by-step guide to using the Gold Loan Calculator:

  1. Choose Tenure: You can select 6 months or 12 months tenure as per your need.

  2. Select Gold Purity: Choose the gold purity based on carats, ranging* from 18 to 24 Carat (*23 Carat is not a valid carat value)

  3. Enter the total gold weight: Enter the net weight of the gold obtained by reducing the stone weight from gold.

  4. Check the Eligible loan amount: After completing the above mentioned steps, the total gold loan amount that can be availed will be displayed.

Gold Loan Eligibility Criteria

Gold Loan eligibility criteria determine whether you can secure a loan against your gold loan assets. Here is a detailed explanation of the key factors that affect eligibility.

Eligibility Criteria Requirement


18 to 85 years



Gold Purity

18 - 22 Carat

Loan repayment tenure

6 to 12 months


Self–employed individual, business owner, homemaker, senior citizen and salaried individuals are all eligible for a Gold Loan.


Ensure that you fulfil the eligibility criteria and have all the necessary documents when you apply for a Gold Loan. This will streamline the loan application process and enhance your chances of securing the loan.

Gold Loan Calculator FAQs

What is a Gold Loan Calculator?

A Gold Loan Calculator is a tool that helps estimate the Loan amount that you can avail by pledging gold as collateral. It considers factors like purity of gold, current market rate and Loan To Value ratio. 

What are the benefits of a Gold Loan Calculator?

A Gold Loan Calculator offers several benefits:

  1. Quick Estimates: It provides a quick estimate of the expected Loan amount, based on the value of your gold.
  2. Transparency: It offers transparency by showing you how the Loan amount is calculated, taking factors such as gold purity and the current market rate into consideration.
  3. Convenience: It is convenient, allowing you to calculate the potential Loan amount, from the comfort of your home or office.
  4. Comparison: You can use it to compare Loan offers from different lenders, by entering their respective interest rates.
  5. Planning: It helps in financial planning by giving you a clear idea of how much liquidity can be accessed through your gold assets.

How is the interest rate calculated through the Gold Loan Calculator?

Interest Rate is calculated based on factors like Loan amount, Loan tenure and the lender's interest rate policies. 

  1. Loan Amount: The amount you borrow, against the value of your gold.
  2. Loan Tenure: The duration for which you borrow the money.
  3. Interest Rate: The rate at which the lender charges interest on the Loan amount.

The interest rate can be calculated through either the simple interest method or the compound interest method, depending on the lender's policies.

What are the eligibility criteria for Gold Loans?

The eligibility criteria for a Gold Loan can vary depending on the lender. Some common factors taken into consideration are: 

  1. Ownership of Gold: You need to own gold jewellery, coins or ornaments that can be pledged as collateral for the Loan.
  2. Age: You need to be at least 18 years old to apply for a Gold Loan. Some lenders may have a higher minimum age requirement.
  3. Identification: You need to provide a valid proof of identity such as a Passport, Driving Licence or Aadhaar Card.
  4. Purity of Gold: The gold you pledge must meet the lender's purity standards. Usually, gold jewellery with a purity of 18 karats or higher is accepted.
  5. Loan Amount: Lenders can have minimum and maximum Loan amount requirements.
  6. Loan Purpose: While Gold Loans can be used for different purposes, some lenders may have restrictions on how the Loan proceeds can be used.
  7. Credit History: Unlike other types of Loans, Gold Loans do not require a good credit score or credit history since the gold acts as a collateral.

How to calculate the Gold Loan amount per gram?

To calculate the Gold Loan amount per gram, the following formula is used: 

Gold Loan amount per gram = (Total Value of Gold x Loan To Value Ratio) / Total Weight of Gold

Here is a breakdown of the formula:

  1. Total Value of Gold: Multiply the weight of your gold in grams by the current market price per gram, also known as the Gold Rate. This gives you the total value of your gold.
  2. Loan to Value Ratio: This is the percentage of the total value of the gold that the lender is willing to lend. It varies across lenders, but usually falls between 70% and 90%.
  3. Total Weight of Gold: This is the total weight of the gold you're pledging as collateral, usually measured in grams.


Suppose you have 50 grams of gold with a market rate of Rs 50 per gram. The total value of your gold will be Rs 50 x 50 = Rs 2,500. If the lender offers a Loan To Value ratio of 80%, the Loan amount per gram will be calculated as: 2,500 x 0.80 / 50 = Rs 40

So, for every gram of gold you pledge, you will receive a Loan amount of Rs 40.