Loans & interest
Gold Loan EMI Calculator
గోల్డ్ లోన్ ఈఎంఐ కాలిక్యులేటర్
EMI and total interest of a gold loan repaid in instalments, and how much of the gold value lenders give.
Your result ఫలితం
Monthly EMI నెలవారీ వాయిదా
8.79 thousand rupees a month
- Principalఅసలు
- ₹1,00,000
- Total interestమొత్తం వడ్డీ
- ₹5,499
- Total paymentమొత్తం చెల్లింపు
- ₹1,05,499
Year by year ఏడాదివారీగా
- Principal
- Interest
Use the left and right arrow keys to read each year; the table below lists every value.
Show the year-by-year table
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹5,499 | ₹0 |
How the gold loan EMI is calculated
Lenders charge interest each month on the balance still owed (reducing balance). With a loan amount P, a monthly rate r (yearly rate ÷ 12 ÷ 100) and n monthly instalments:
EMI = P × r × (1 + r) n ÷ ((1 + r) n − 1)
Example: a gold loan of ₹1,00,000 at 10% for 1 year is an EMI of ₹8,792. You pay ₹5,499 in interest, ₹1,05,499 in all. The rate is an example: yours depends on the lender and your credit score.
Good to know
- From April 2026, RBI lets lenders give up to 85% of the gold's value on loans up to ₹2.5 lakh, 80% up to ₹5 lakh and 75% above that.
- Many gold loans let you pay only the interest each month and the principal at the end (bullet repayment); this calculator is for gold loans repaid in EMIs.
- If the loan is not repaid, the lender can auction the gold after due notice: borrow what you can repay.
Questions
Does a longer tenure save money?
No. A longer tenure lowers the EMI but raises the total interest. Pick the shortest tenure whose EMI you can pay comfortably.
Can I pay the loan off early?
On floating-rate loans to individuals, RBI does not allow prepayment charges in most cases (some business loans are exceptions). Fixed-rate loans may carry them: check your loan agreement.
What next? తర్వాత ఏం చూడాలి
See all calculators →Results are estimates for planning, at the rates you enter. Check exact figures with your bank, fund house or tax adviser before you decide.
