Gold Loan EMI Calculator

Gold loan calculator from Shriram City helps you to calculate your EMI for loan against gold and overcome your financial difficulties.

Loan Amount
Annualized Rate of Interest
Loan Tenure (Months)

Loan EMI


Total Interest Payable


Total Payment (Principal + Interest)


The EMI for a loan agreement is always computed based on the number of days to the due date. In contrast, EMI calculation on the online calculator provided here is the monthly calculation.

Important Information
Consumer Education Series

What is a Gold Loan Calculator?

If you need a loan against some or all of the gold you have, how much loan can you get? This is where gold loan calculators can come to your assistance. A gold loan calculator is a tool that allows you to calculate the worth of your gold and how much loan you can get against it based on the cartage of the pledged gold.

How Gold Loan Amount is Calculated?


As we said above, the gold loan amount you are eligible for will depend on the purity of the gold used as collateral. It also depends on lender policies and the gold price.

Loan to Value (LTV) Ratio for a gold varies from lender to lender; LTV is the amount of loan that lenders sanction as a percentage of the asset value.

Gold prices vary from day to day; 30 days average price of 22-carat gold, which is adjusted down for purity, is used to calculate the gold value and the loan eligibility per gram.

Below is a table indicating gold loan eligibility,assuming the average gold price for the last 30 days to be Rs. 49712 for 22 carats, and the LTV ratio as 75%.

Table 1: Amount for Loan Against Gold

Gold PurityWeight (Gms)Average Gold PriceEligible Amount
22 Carat104971237284
20 Carat104519333894
18 Carat104067430505

* Please bear in mind that the above table is indicative and for example only; the actual loan against gold can vary depending on a host of factors.

Gold loan interest rate also varies from lender to lender. The loan amount along with the interest rate and the loan tenure determines the gold loan EMI that the borrower has to pay.

Gold Loan EMI is the amount that you have per month to the lender to repay the amount that you have borrowed; the EMI has an interest and principal component.

What is a Gold Loan EMI Calculator?

Gold loan EMI Calculator helps you to calculate your monthly EMI at the effective interest rate for a particular tenure. Below is a table that compares gold loan EMI depending on duration and interest rate.

Table 2: Gold Loan EMI

Loan Amount (Rs.)Loan TenureInterest RateGold Loan EMI
100,00012 months10%Rs. 8792
100,00024 months10%Rs. 4614
100,00012 months12%Rs. 8885
100,00024 months12%Rs. 4707

How to use the Shriram City Gold Loan Calculator?

Shriram Gold Loan is available at convenient terms; interest rates start from 11.5% with a flexible repayment schedule. If you want to know your gold loan EMI, you need to simply click on the Shriram City Gold Loan EMI Calculator and key in details like the amount of loan you want and the loan tenure. Based on the data that you enter, the EMI amount is calculated.

Using the EMI calculator can help you in planning your finances before applying for a loan so that you borrow only an amount you can repay comfortably.

Shriram City offers a host of products to suit your various financial needs; Shriram Gold Loan is a product that has been designed keeping in mind the customer’s needs. Below we list the features of the product and why it should be your preferred choice:

  • Gold loans from Shriram City are available at fairly competitive rates; you are charged a simple interest of 11.5% annum on loan.
  • A maximum of 75% of the gold value can be availed as a loan.
  • The documentation process is simple and quick.
  • You can apply for Shriram Gold Loan online too.
  • Quick loan processing ensures loan disbursal within a few minutes. In case of an emergency, you will not have to wait for days for the much-needed funds.
  • No credit history or income proof is required; often this can be a hindrance when for some applying for a loan.
  • Your gold’s safety is guaranteed in safe custody, and you also get insurance coverage when you apply for Shriram Gold Loan.
  • There is life insurance cover too; in case of the death of the applicant the outstanding loan is paid off and the pledged gold is returned to the family. This provides an additional safety net to the family.
  • They offer easy renewal facilities.
  • A branch network of over 900+ branches ensures that Shriram Gold Loan Branches are available all across the country and finding one near you will not be difficult.

Most gold loan lenders offer loans at a fixed rate, but some may offer them at floating interest rate too.

The EMI paid every month has a principal component and an interest component. Some lenders allow the borrower to pay the interest component every month, and the principal component can be paid at the end of the loan tenure. Some lenders may allow interest components to be repaid upfront at the time of gold loan sanction, and the principal can be repaid at the end of the loan tenure. Another variation is the bullet repayment option, where both the principal and interest components are repaid when the loan tenure ends.


In the case of any financial product, it is important to research well and read all the fine print before signing the dotted line especially in the case of loans. Choose a gold loan that suits your requirements well and which you can repay easily; tools like the gold loan EMI calculator can aid you in your decision-making process.