About Gold Loan Calculator

Gold loans have emerged as a convenient way of getting funds when you need money quickly.

It is recommended that you use an online gold loan calculator before applying for a gold loan. This will help you get an estimate of the repayment liability beforehand.

The Bajaj Finserv Gold Loan Calculator is an online tool that you can use to calculate your gold loan interest rate and loan term.

Benefits of availing a gold loan

When you opt for a gold loan, you can avail a range of advantages:

  1. Quick access to funds: You'll appreciate the swift approval process of gold loans, ensuring you get the funds you need without delay.
  2. Lower interest rates: Enjoy the benefit of lower interest rates compared to other loan types, saving you money in the long run.
  3. Flexible repayment terms: Tailor your repayment schedule to fit your financial situation, giving you peace of mind as you repay the loan at your own pace.
  4. Higher loan amounts: With your gold assets as security, you can access higher loan amounts without the pressure of needing a high credit score.
  5. Accessibility: Even if you have a lower credit rating, you can still access a gold loan, making it a viable option for various financial situations.
  6. Preservation of ownership: Throughout the loan period, you retain ownership of your gold assets, ensuring their security and your financial stability.

Opting for a gold loan grants you quick access to funds, competitive interest rates, flexible repayment terms, accessibility, and the preservation of your valuable gold jewellery. Additionally, utilising a gold loan calculator can help you accurately assess loan amounts and repayment schedules, ensuring you make informed financial decisions tailored to your needs. This combination of benefits makes a gold loan a wise choice for fulfilling your financial requirements.

Advantages of using a gold loan calculator

Utilising a gold loan calculator offers numerous advantages:

  • Loan estimate: Quickly obtain an estimate of the loan amount you can secure based on your gold's weight and purity.
  • Financial planning: Plan your finances more effectively by understanding your potential loan amount, aiding in better budgeting.
  • Interest rates and instalments: Calculate monthly instalments and interest rates, facilitating clearer financial management.
  • Time-saving: Avoid manual calculations and save time with the calculator's swift and accurate results.
  • Comparison: Easily compare various loan options to identify the most suitable one for your needs.

In summary, a gold loan calculator simplifies the loan application process, enhances financial decision-making, and empowers borrowers to plan their financial journey more effectively.

Gold loan eligibility criteria

Any Indian citizen between the ages of 21 and 70, is eligible to apply for a gold loan from Bajaj Finance. With our gold loan calculator, you can assess the loan amount you qualify for, considering the weight and purity of your gold jewellery. You only need your basic KYC documents and 18-22 karat worth of gold jewellery to avail of the loan.

How does a gold loan calculator work?

Navigating the Gold Loan Calculator is a breeze, ensuring a seamless user experience. Simply follow these steps:

1.Input essential details into the gold loan calculator interface, including:

  • Gold weight/loan amount: Enter the gold weight in grams or the desired loan amount.
  • Repayment option: Select a repayment frequency aligning with your financial preferences.

2. Upon entering the necessary information, the gold loan calculator swiftly processes the data, presenting you with the loan amount you can avail alongside the total interest payable.

The calculator furnishes comprehensive insights, displaying the loan amount, gold weight, and interest payable. Should you desire to explore alternative loan structures, the tool allows you to modify parameters, enabling you to gauge their impact on total interest. This adaptability empowers you to identify the most suitable loan arrangement, aligning with your financial aspirations.


The calculator’s results are indicative in nature and are subject to change after the physical valuation of gold. The interest rate applicable on a loan amount will be dependent on the rates prevailing at the time of loan sanction.

The calculator does not intend to provide its users/ customers with outputs certified by Bajaj Finance Limited (“BFL”) or are a warranty, obligation, commitment or undertaking, professional and financial advice by BFL, under any circumstances. The calculator is only a tool to help users/ customers get results of different illustrative scenarios generated from data input by a user/ customer, and its use is completely at the user/ customer’s risk. BFL is not responsible for any errors in any results from the usage of the calculator.

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Frequently asked questions

How is the gold loan interest calculated?

You can determine the gold loan interest by subtracting the principal loan amount from the total outstanding. You can also use a gold loan interest rate calculator to know about the same and learn how the interest rate alters the interest payable and the total outstanding amount.

How to use an online gold loan calculator?

Following is a step-by-step guide to using a gold loan calculator:

  • Step 1: Visit our gold loan calculator on our website.
  • Step 2: Enter the required values, i.e., weight of gold jewellery, loan amount, and repayment option.
  • Step 3: Get the interest payable and other loan details instantly.
What is the eligibility criteria for gold loans?

The gold loan eligibility criteria are straightforward. Any Indian citizen between the age of 21 years to 70 years in possession of 18-22-karat gold jewellery can apply for this loan. Borrowers are not required to maintain a high credit score or an impressive credit history. However, lenders may focus on repayment capacity and documentation before approving the loan.

What is a gold loan calculator?

A gold loan calculator is an online tool that allows prospective borrowers to get a better understanding of their liabilities. Online calculators have different fields, where individuals need to enter information such as net weight of the gold articles, and loan amount to determine the monthly instalments payable.

Online gold loan calculators also offer better insight into a particular loan offer through an amortisation schedule. This schedule provides a detailed break-up of the interest payable throughout the tenure.

Note: Gold loan calculators are free to use.

What are the benefits of a gold loan calculator?

The benefits of a gold loan calculator include:

  • Faster calculation: It delivers swift results. On entering the required values, it will provide details about the loan components instantly.
  • Accurate results: Loan details can be computed manually. However, manual calculations are time-consuming and leave room for errors. With this online gold loan calculator, such issues can be easily avoided. Users get accurate results every time, with any value entered.
  • Easy to use: It is easy to use and navigate an online gold loan calculator. It has specific fields for entering different loan details including interest rate, the weight of gold jewellery, payment method, and tenure. It then displays the results.
  • Financial planning: This calculator also helps with financial planning. Since it provides details about repayments and interest payments beforehand, users can plan better.

Apart from these, the customisation facility offered by this calculator helps to find the perfect gold loan offer without any hassle.

What is a gold loan per gram?

You must pledge your gold jewellery with a lender, such as a bank or NBFC, in order to apply for a gold loan. Gold loan per gram refers to the amount given as a loan for every gram of gold that is pledged. This amount usually differs from lender to lender.

What is the rate of gold loan per gram at Bajaj Finance?

The gold loan per gram rate changes daily as per market value of one gram gold. This is referred to as LTV or loan-to-value ratio. For example, if the LTV is 70% and the value of the pledged gold is worth Rs. 1 lakh, a borrower will get a loan of Rs. 70,000. Bajaj Finance offers LTV ratio of 75% on gold loans. Since the gold loan per gram rate today will vary based on market fluctuations, the rate of per gram of gold changes daily. Click here to check today’s gold loan per gram rate at Bajaj Finance.

How much loan can I get for 1 gram of gold?

The loan amount you can get for 1 gram of gold varies depending on factors like purity, market value, and lender policies. You can use a gold loan calculator to determine the precise loan amount you qualify for based on your gold's details.

How to calculate gold loan rate?

Gold loan rates are typically calculated based on the Loan-to-Value (LTV) ratio, which determines the percentage of the gold's value that can be borrowed. Factors like gold purity and market rates influence this. Lenders offer tools like gold loan calculators for precise rate estimations.

What is Gold Loan Per Gram rate?

The Gold Loan Per Gram rate refers to the amount of money a lender is willing to provide per gram of gold pledged as collateral for a gold loan. It varies depending on factors such as the lender's policies, current market conditions, and the purity of the gold.

What are the interest rates for gold loans?

Gold loan interest rates vary depending on the lender and the loan amount. Typically, interest rates for gold loans range from 9.50% to 28% per annum. It's advisable to compare rates from different lenders to find the most competitive option for your needs.

What is an emi calculator for gold loan?

A gold loan calculator estimates the monthly, bi-monthly, quarterly, half-yearly or annual repayment amount based on the loan amount, interest rate, and tenure, helping borrowers plan their finances effectively.

How to calculate the gold loan interest rate on the gold loan calculator?

To calculate the gold loan interest rate using the gold loan calculator, input the loan amount, loan tenure, and the current market value of your gold. The calculator will then compute the applicable interest rate based on these parameters, providing you with an estimate of your loan's interest rate.

What factors affect the repayments of a jewel loan?

The repayment schedule of a jewel loan is influenced by factors such as the loan amount, interest rate, and repayment tenure. Additionally, fluctuations in gold prices and prevailing market conditions can impact the loan-to-value ratio, affecting the EMI amount.

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