Gold Loan Calculator
Estimate how much you can borrow against your gold and calculate EMI
Market value
$1,286.57
Pure gold content: 9.17g
Maximum loan
$964.92
75% LTV · 7-12% p.a.
Monthly interest payable
Actual loan depends on lender's valuation. Banks may value gold 5-10% below market. Get multiple quotes.
LTV by country
🇮🇳 India (RBI): 75% LTV
🇦🇪 UAE: 60-70%
🇸🇦 Saudi: 60-65%
🇵🇰 Pakistan: 70%
🇹🇷 Turkey: 60-70%
🇬🇧 UK: 50-70%
🇩🇪 Germany: 60%
🇺🇸 USA: 25-60%
Tips before taking a gold loan
- • Compare rates from 3+ lenders
- • Banks offer lower rates than NBFCs
- • Choose shortest affordable tenure
- • Bring hallmarked jewelry
- • Check for hidden fees
How gold loans work
A gold loan is a secured loan where you pledge gold as collateral. The lender values your gold and offers a loan up to a percentage (LTV) of its value. When you repay the loan plus interest, your gold is returned. If you default, the lender can auction your gold.
Gold loan LTV rules by country
India RBI: max 75% LTV. UAE: 60-70%. Saudi: 60-65%. Pakistan: up to 70%. Turkey: 60-70%. UK pawnbrokers: 50-70%. USA: 25-60%.
Gold loan vs other loan types
Gold loans offer lower interest (7-18% vs 12-24% personal), faster processing (30 min vs days), no credit score needed, and minimal documents. Risk: you lose your gold if you default.
How banks value your gold
Banks value gold 5-10% below market rate. Only pure gold content is valued — stones excluded. Purity is tested via XRF. Most banks accept 18K+ gold only.
Tips for the best gold loan
Compare 3+ lenders. Banks beat NBFCs on rates. Choose shortest tenure. Interest-only means lower monthly but higher total. Bring hallmarked pieces. Check for processing fees and prepayment penalties.
Frequently asked questions
How much loan for 10 grams of gold?▾
For 10g of 22K gold at today's price, market value is approximately USD 1,287. At 75% LTV, you could get up to USD 965. Actual amount depends on lender's valuation.
What is the gold loan interest rate?▾
Rates vary: India banks 7-12%, NBFCs 10-18%. UAE 4-8%. Pakistan 12-20%. Turkey 15-30%. Always compare multiple lenders.
What is LTV ratio?▾
LTV (Loan-to-Value) is the max percentage of gold value a lender gives as loan. At 75% LTV, gold worth USD 100,000 gets a loan of USD 75,000.
Can I get a loan for 22K jewelry?▾
Yes, 22K is the most commonly pledged gold. Most lenders accept 18K+. Some accept 14K at lower valuation.
What if I can't repay?▾
The lender can auction your gold. Most send notices and offer grace periods first. Any surplus above the loan amount is returned to you.
Is gold loan better than personal loan?▾
Gold loans: lower rates (7-18%), faster, no credit score needed. But you risk your gold. Personal loans: no collateral risk but cost more (12-24%) and need good credit.
How fast is gold loan processing?▾
NBFCs like Muthoot disburse in 30 minutes. Banks take a few hours to one day. Process: gold testing, documentation, disbursal.
Is gold loan interest tax deductible?▾
In India, deductible if used for business or house purchase. For personal use, generally not deductible. Varies by country — consult a tax advisor.