Enter loan amount
Use the amount you expect to borrow, rather than the market value of your gold.
Repayment planning
Gold Loan EMI Calculator
Calculate your estimated monthly EMI, total interest and total repayment from the loan amount, annual interest rate and tenure.
Monthly EMITotal interestTotal repayment
Repayment calculator
Calculate your monthly EMI
₹
Enter the amount you plan to borrow.
% p.a.
Enter the annual interest rate offered by the lender.
months
Enter the repayment period in months.
Principal
₹1,00,000
Interest
10%
Tenure
12 months
Estimated monthly EMI
₹8,792
Indicative monthly repayment
Total interest
₹5,499
Total repayment
₹1,05,499
This calculator uses the standard reducing-balance EMI formula. Actual lender repayment schedules may differ because of rounding, fees, repayment structure or lender-specific terms.
Add interest rate
Enter the annual interest rate quoted for the loan.
Choose tenure
Compare repayment periods to understand the trade-off between monthly EMI and total interest.
EMI methodology
Gold loan EMI formula
For an instalment-based loan, Gold Ledger uses the standard reducing-balance EMI formula.
Formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P = loan principal
r = monthly interest rate
n = number of monthly instalments
Worked example
₹1 lakh loan at 10% for 12 months
Assume a ₹1,00,000 loan, 10% annual interest rate and a 12-month tenure.
Principal
₹1,00,000
Rate
10% p.a.
Tenure
12 months
Approximate monthly EMI
₹8,792
The total repayment is approximately ₹1,05,499, of which approximately ₹5,499 is interest. Small differences can occur because of rounding.
This is an illustrative example, not a lender quote.
Related calculators
Plan the loan before you borrow
Common questions
Gold Loan EMI FAQ
How is gold loan EMI calculated?
The calculator uses the standard reducing-balance EMI formula with the loan principal, monthly interest rate and number of monthly instalments.
What information do I need to calculate gold loan EMI?
You need the loan amount, annual interest rate and repayment tenure in months.
Does a longer tenure reduce gold loan EMI?
Generally, a longer tenure reduces the monthly EMI when the principal and interest rate stay the same, but it can increase the total interest paid over the full repayment period.
Is gold loan EMI the same as gold loan interest?
No. EMI is the periodic repayment calculated for an instalment-based loan. Interest is the borrowing cost. Some gold loan products may use repayment structures other than standard monthly EMI.
Does this calculator include processing fees and other charges?
No. The calculation uses only principal, annual interest rate and tenure. Processing fees, valuation charges, penalties, taxes and other lender-specific costs are not included.
Will my lender's EMI exactly match this result?
Not necessarily. The result is indicative. Actual repayment can differ because of lender calculation methods, rounding, repayment frequency, fees, loan structure and contractual terms.