EMI (Equated Monthly Instalment) is the fixed amount you repay each month on your gold loan. Each EMI includes a portion of the principal borrowed and the interest charged by the lender for that period.

Gold loans are secured loans where you pledge gold jewellery or ornaments as collateral. Lenders typically offer 75–90% of the gold's market value as the loan amount. Tenures are usually shorter than home or business loans — often 3 to 36 months — making EMI planning especially important for short-term borrowing.

A gold loan EMI calculator estimates your monthly repayment based on the loan amount, interest rate, and tenure you enter. It uses the standard reducing-balance formula to show EMI, total interest, and total payable instantly.

Instead of manual calculations, you can adjust sliders and amount chips to compare scenarios across banks — helping you choose a tenure and lender that fits your repayment capacity before pledging your gold.

Using a gold loan EMI calculator is simple. Follow these steps:

• Select your bank or NBFC from the lender list
• Enter the loan amount you wish to borrow against your gold
• Enter the interest rate offered or expected
• Enter the loan tenure in months or years

Once all details are entered, the calculator will display your estimated EMI and loan summary.

Note: The actual EMI may vary based on gold valuation, LTV ratio, processing fees, and terms offered by your lender.

An amortization schedule is a month-by-month breakdown of how each EMI is split between principal repayment and interest. In the early months, a larger share goes toward interest; as the outstanding balance reduces, more of each EMI goes toward principal.

Example: If a borrower takes a gold loan of ₹2,00,000 at an interest rate of 10% p.a. for a tenure of 12 months, the EMI would be approximately ₹17,580. The schedule below shows how the first 12 months are allocated.

Note: The schedule provided covers the full 12-month tenure in this example. The actual amortization schedule for your loan may vary based on the lender's calculation method, processing fees, and prepayments.

Latest gold loan interest rates by top banks are mentioned in the table below:

Understanding the factors that impact your gold loan EMIs can help reduce your cost of credit. Key factors include gold loan interest rates, loan amount, tenure, gold valuation, and processing charges.

• Loan Amount: Higher the amount borrowed against your gold, higher will be your EMI (as long as the tenure and interest rate remain the same).
• Interest Rate: Higher gold loan interest rates lead to higher EMIs and a costlier loan repayment over the tenure.
• Tenure: Opting for a longer tenure will reduce your EMI burden, but will increase the overall interest cost on your gold loan.
• Gold Valuation & LTV: Lenders offer 75–90% of your gold's assessed value. Higher purity and weight can increase the eligible loan amount.

• Compare multiple lenders: Banks and NBFCs offer varying rates on gold loans — comparing offers can significantly lower your total cost.
• Choose a shorter tenure if affordable: Gold loans are short-term by nature; repaying faster reduces total interest payable.
• Negotiate a lower interest rate: Existing banking relationships and higher gold purity may help you secure a better rate.
• Make part prepayments when possible: Paying extra toward the principal reduces outstanding balance and interest obligation.

• For fixed-rate gold loans, the EMI generally remains the same throughout the tenure.
• For floating-rate loans, EMIs can change when the lender revises the interest rate.
• Renewal or extension of tenure at maturity may change your EMI if you roll over the loan.

• Missing an EMI may attract late payment fees and penal interest from the lender.
• Prolonged non-payment may lead to auction of pledged gold after notice, as per RBI guidelines.
• It can also impact your credit score if the lender reports defaults to credit bureaus.

Our gold loan EMI calculator helps you compare EMIs across multiple lenders in one place. Select your preferred bank, enter the loan amount, interest rate, and tenure — and get instant results alongside a detailed loan summary.

When you select a bank from the list, the calculator automatically pre-fills the lender's starting interest rate. Adjust it to see how different rates affect your monthly EMI, then scroll down to explore live offers from partner lenders.

The tables below show indicative monthly EMIs for a ₹2 lakh gold loan at different interest rates and repayment tenures.

Gold loans in India typically follow the reducing-balance method, where interest is calculated on the outstanding loan balance each month.

In the early months, a larger portion of your EMI goes toward interest because the outstanding principal is still high. As you repay through each EMI, the principal reduces and the interest component decreases over time.

This is why prepaying or choosing a shorter tenure on your gold loan can save significant interest.

1. 1Step 1: Visit the Bikesh Finserv website and open the Gold Loan section.
2. 2Step 2: Enter your required information and verify your phone number and email address.
3. 3Step 3: Use the EMI calculator above to estimate your monthly repayment.
4. 4Step 4: Carry your gold jewellery and KYC documents to the nearest branch or schedule a home visit where available.
5. 5Step 5: Choose from the displayed list of curated gold loan offers and complete your application.

Gold loan EMI can be calculated manually using the standard reducing-balance formula:

EMI = [P × R × (1 + R)^N] / [(1 + R)^N − 1]

Where —

• P = Loan Amount
• R = Monthly Interest Rate (Annual rate ÷ 12 ÷ 100)
• N = Loan Tenure (in months)

Manual calculations can be tedious and prone to errors. Using an online gold loan EMI calculator is easier and faster — giving you accurate results instantly as you adjust loan amount, rate, and tenure.