Gold Loan Calculator

Simplify your Gold Loan eligibility check with our easy-to-use calculator. Get real-time estimates of your potential loan amount in just a few clicks and plan your finances with confidence.

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Net Gold Weight Calculation

Net gold weight is determined after deducting the weight of stones, lac, fastenings, and other non-gold components from the total (gross) weight of the ornament. The eligible loan amount is calculated based on the net gold weight and the applicable advance rate.

Advance Rate Calculation

As per RBI, gold Jewellery accepted as security / collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 days/ previous day price (whichever is lower) as quoted by the India Bullion and Jewellers Association Ltd.

If the gold is of purity less than 22 carats, the bank shall translate the collateral into 22 carat and value the exact grams of the collateral. In other words, Ornament of lower purity of gold shall be valued proportionately.

In case of drastic/sudden fluctuations in the gold rate, 30 days average price or previous day’s price, whichever is lower should be considered for advances against gold.

Change in gold rates will be considered drastic when –

  1. Single day drop of gold rate is >=3%.
  2. Cumulative rolling 5 day drop of gold rate is >=5%.
Disclaimer: The loan amount displayed after calculation is only an approximate estimate (tentative amount) based on the information provided by you. The final loan eligibility will be determined after a physical evaluation of the pledged gold and other requisite documents at the branch and basis your existing relationship with the Bank. For precise loan details, consult our representatives before taking any decisions based on these estimates.

Consumption loans are those borrowed for personal needs—such as education, home improvements, or other non-business purposes.

Income-generating loans are designed for economic activities—such as funding businesses, agriculture (and related activities), or other ventures intended to generate income.