Gold Loan Calculator

A gold loan calculator helps you estimate the loan amount you may be eligible for against your pledged gold jewellery, ornaments, or coins. It gives you a quick understanding of your borrowing capacity based on the current market value of gold and the weight of gold you plan to pledge.

Here is how the calculator typically works:

• Enter the required loan amount you wish to avail against your gold.
• Select the type of gold asset, such as jewellery, ornaments, or coins.
• Input the approximate weight of your gold in grams.
• The calculator then estimates the approximate quantity of gold required based on prevailing gold prices and applicable LTV guidelines.
• The calculator also displays the eligible loan amount range depending on the entered gold weight and purity.

Using an online gold loan calculator can help you plan better before applying for a loan. It offers a quick estimate of your gold’s potential value and helps you understand how much funding you may be able to access without selling your gold assets.

Here’s how to do it:

• Check your loan amount: Determine the value of the gold you are pledging.
• Know the interest rate: Bajaj Finance offers competitive rates starting from 9.50% to 24% per annum.
• Decide your repayment tenure: Interest is calculated based on how long you take to repay.
• Use a gold loan interest calculator: Enter your loan details and tenure to see the exact interest payable.

The gold loan interest calculator gives you clarity and helps you manage your finances confidently.

Here is how the calculator generally works:

• Enter the approximate weight of your gold in grams.
• Select the purity of your gold, such 18-22 karat jewellery and ornaments, or eligible gold coins up to 24 karat purity.
• Input the expected loan amount or preferred repayment tenure, depending on the calculator format.
• The calculator then considers the prevailing gold rate and applicable RBI-prescribed loan-to-value (LTV) ratio.
• Based on these details, it displays an estimated eligible loan amount.

Gold valuation is usually based on the lower of the average closing price for your gold’s specific purity over the last 30 days average eclosing price or the previous day’s closing price, as published by IBJA or a SEBI-regulated commodity exchange.

To understand the requirements better, check the gold loan eligibility criteria before applying.

Here are some of the key factors that affect the gold loan amount:

• Purity of gold – Higher purity gold, such as 22K jewellery or gold coins up to eligible purity limits, generally attracts a higher loan value because it has a higher market worth.
• Weight of gold – The total weight of your pledged jewellery, ornaments, or coins directly affects the loan amount. Higher gold weight usually increases the eligible amount.
• Current gold rate – Gold loan amounts are linked to prevailing market gold prices. When gold prices rise, the loan value per gram may also increase.
• Loan-to-value (LTV) ratio – RBI guidelines determine the maximum percentage of your gold’s value that can be offered as a loan.
• Type of gold pledged – Eligible gold jewellery, ornaments, and approved gold coins are assessed differently based on purity and valuation norms.
• Gold valuation method – Lenders usually consider the lower of the average gold price over the last 30 days or the previous day’s closing price published by authorised sources.