Gold loan EMI
How much you can borrow against gold, and what the monthly repayment works out at.
g
Purity
%
Banks quote 8% to 12%; pawn shops charge far more
Tenure
- Value of gold
- ₹2,73,200
- Maximum loan (75% cap)
- ₹2,04,900
- Total interest
- ₹10,696
- Total repayable
- ₹2,15,596
- Monthly EMI
- ₹17,966
The Reserve Bank caps gold loans at 75% of the ornament's value. Lenders add processing and valuation fees that are not shown here, and your gold is at risk if you do not repay.