How to interpret your result
Monthly EMI is your fixed monthly payment; Total Interest is the true cost of borrowing over the full tenure; Total Repayment (principal + interest) is what you'll pay back in all. A longer tenure lowers your EMI but raises total interest — don't choose a tenure on EMI affordability alone without checking what it does to the total cost.
This calculator assumes a standard EMI repayment scheme — many gold loans are offered as bullet repayment (pay the full principal + interest at the end) or overdraft facilities instead, where your actual monthly outgo looks very different from what's shown here. Confirm which scheme your lender is quoting before comparing this EMI figure to a competing offer.
This calculator assumes a standard reducing-balance EMI schedule. If your lender quotes a flat-rate loan instead, your actual interest cost will run noticeably higher than the reducing-balance figure shown here for the same headline rate — always ask which method applies before comparing offers.
Gold loan: the fastest secured loan in India
A gold loan is the quickest way to unlock liquidity against an asset most Indian families already hold. Disbursal in as little as 30 minutes, minimal documentation, and lower rates than personal loans make it a smart short-term funding tool.
Gold loan vs. personal loan: the cost comparison
See the full cost comparison between gold loans and personal loans above.
For short-term needs (under 12 months), a gold loan almost always beats a personal loan on cost.
Three repayment schemes to know
- EMI — Equal monthly instalments (principal + interest). Reduces outstanding balance monthly.
- Bullet — Pay interest monthly, repay full principal at end. Low monthly outflow, large final payment.
- Overdraft — Gold loan as a running credit line. Pay interest only on the amount drawn. Best for working capital needs.
Use the EMI calculator above to compare options. For bullet repayment, the total interest = loan amount × rate × tenure.
Which lenders to consider (2025)
See current rates across major gold loan lenders above.