# Gold Loan Calculator: Loan per Gram, LTV and Interest > Gold loan calculator: enter grams, purity and gold rate to see what you can borrow at your lender's LTV, the interest, and bullet vs EMI repayment. Source: https://trykosh.com/tools/gold-loan-calculator Free tool - Loans and credit cards # Gold loan calculator Find out how much you can borrow against your gold jewellery and what it will cost to get it back. Gold rate, purity and LTV are all inputs, because they change daily and differ by lender. Rules checked 25 October 2026Free - no sign-upRuns in your browser You can borrow up to INR 2,98,643 against gold worth INR 4,40,000 Loan taken**INR 2,98,643** Interest**INR 31,357** Repay after 12 months**INR 3,30,000** Gold value (40 g x 22/22 purity x INR 11,000) INR 4,40,000 Lender's LTV offer 75% Most you can borrow INR 2,98,643 Loan you take INR 2,98,643 Simple interest for 12 months INR 31,357 Due at maturity INR 3,30,000 LTV incl. interest due 75% With a bullet loan the interest due at the end counts towards the LTV cap, so you get a little less than with EMIs. Some lenders compound unpaid interest monthly, which costs a little more. ## Upload your statement and Kosh does this for you. Upload a bank or card statement and Kosh finds every EMI and card charge, then builds the fastest way out of debt that still fits your month. [Start free](/signup?via=tool-gold-loan-calculator) ## How the gold loan calculator works A lender values your gold on its net weight (stones and other metal excluded) and its purity, against a reference price for 22-carat gold. Lower purity is valued proportionally: 18-carat gold is worth 18/22 of the 22-carat rate. Enter today's 22-carat rate per gram; lenders typically use an average of recent days, so their number will differ slightly. The loan-to-value (LTV) ratio sets how much of that value you can borrow. RBI rules cap LTV on gold loans for consumption at 85% for loans up to INR 2.5 lakh, 80% up to INR 5 lakh and 75% above that, and each lender sets its own figure within those limits. The calculator applies your lender's LTV and the RBI cap for the loan size, whichever is lower. With bullet repayment you pay all the interest and principal at the end, usually within 12 months. RBI counts the interest due at maturity towards the LTV for bullet loans, so you can borrow a little less than with EMIs. The calculator uses simple interest; some lenders compound unpaid interest monthly, which adds a little. With EMI repayment you pay down the loan monthly and the LTV applies to principal alone. Enter the loan you want to see whether your gold covers it, or leave it at 0 to see the maximum. Gold value = grams x (carat / 22) x 22-carat rate; Bullet loan ≤ value x LTV / (1 + rate x months / 1,200) LTV lower of your lender's figure and the RBI cap for the loan size Bullet interest loan x rate x months / 1,200 (simple) ## Worked example: Meena funds her shop's Diwali stock Meena pledges 60 grams of 22-carat jewellery when the rate is INR 11,500 a gram, so her gold is valued at INR 6,90,000. At a 75% LTV on a 6-month bullet loan at 9.5%, she could borrow up to INR 4,94,033. She takes INR 4 lakh, and after 6 months she repays INR 4,19,000, which includes INR 19,000 of interest. You can borrow up to INR 4,94,033 against gold worth INR 6,90,000 Loan taken**INR 4,00,000** Interest**INR 19,000** Repay after 6 months**INR 4,19,000** Gold value (60 g x 22/22 purity x INR 11,500) INR 6,90,000 Lender's LTV offer 75% Most you can borrow INR 4,94,033 Loan you take INR 4,00,000 Simple interest for 6 months INR 19,000 Due at maturity INR 4,19,000 LTV incl. interest due 60.7% With a bullet loan the interest due at the end counts towards the LTV cap, so you get a little less than with EMIs. Some lenders compound unpaid interest monthly, which costs a little more. [Load this example into the calculator ->](?grams=60&price=11500&rate=9.5&months=6&want=400000#calculator) ## Good to know - Gold rates move daily. If the price falls sharply, the lender may ask you to top up gold or repay part of the loan to bring the LTV back within limits. - If you don't repay, the lender can auction the gold after giving notice. RBI rules require proper notice and a reserve price linked to the current gold value. - Ask for the valuation sheet showing weight and purity, and keep the pledge receipt safely; you need it to get your gold back. - Compare the APR, not just the rate. Processing fees, valuation charges and penal interest after maturity vary a lot between lenders. ## Frequently asked questions How much loan can I get on 10 grams of gold? Multiply 10 grams by the 22-carat rate per gram and by the LTV. At INR 11,000 a gram and a 75% LTV, 10 grams of 22-carat gold supports about INR 82,500 on an EMI loan, a little less on a bullet loan because the interest due is counted too. What is the maximum LTV on a gold loan? Under RBI's gold-lending rules, up to 85% for loans of INR 2.5 lakh or less, 80% for INR 2.5-5 lakh and 75% above INR 5 lakh, for consumption loans. Lenders can and often do offer less. Is a bullet gold loan better than EMI? Bullet repayment suits short needs where you expect a lump sum, such as a business receipt or bonus, within a few months. EMIs suit longer needs because you pay down the principal steadily and pay less total interest. Does purity affect my gold loan amount? Yes. Lenders value 18-carat gold at about 18/22 of the 22-carat rate, so the same weight supports a smaller loan. Stones, wax and other metals are excluded from the weight. Is gold loan interest tax-deductible? Not for personal use. If you use the money for business, the interest is a business expense, and if you use it to buy or build a house, it can be claimed under section 24(b) with proof of use. ## Sources and assumptions - [Reserve Bank of India](https://www.rbi.org.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.