Gold Loan Calculator

How much amount will you get approximate against your gold jewels? Find out in an instant before you pledge your gold at our bank.

Gold Loan Eligblity Calculator
  • Tenure (months): 12

    12
    360
    12
  • Products:


  • Select Number of Ornaments:

    Select
    • Select
    • 1
    • 2
    • 3
    • 4
    Provision for reduction in price per Karat per gram

    LTV -75 % ₹ 157

Break-up of Ornament Values

Eligible Loan Amount

Rs. 0
  • Note: This is an approximate value. The final value may differ.

Frequently Asked Questions (FAQs)

  • What is the EMI for a gold loan?

    Gold is one of the most liquid assets you can own. For example, when you are in urgent need of funds, you can pledge your gold as collateral and get a gold loan. You can repay the loan with interest due over a pre-determined tenure in equated monthly instalments or EMI (a fixed sum of money every month).

    You can use a Gold Loan EMI Calculator to calculate gold loan EMI, which you would have to pay each month.

  • How is EMI calculated for gold loans?

    You can calculate the EMI due on your Gold Loan manually by applying a formula. The formula is as follows:

    EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1], wherein P in principle, R is the rate of interest, and N is the number of instalments.

    However, conducting manual calculations can be tedious and leave room for errors. Instead, you can opt for the Bank of Baroda gold loan interest rate calculator, available online for free. It will give you accurate results within a matter of seconds!

  • What is the Gold Loan EMI Calculator?

    Gold Loan Calculator is a tool provided by banks and financial institutions. It is a computer-based calculator, that will do the complex calculations related to your Gold Loan for you.

    Just enter in certain details, and you will get accurate results on the EMI you will have to pay on your Gold Loan each month. The calculator is available online.

  • How does a Gold Loan EMI Calculator work?

    A Gold Loan EMI Calculator is embedded with the mathematical formula for calculating the EMI on Gold Loans.

    It will give you an accurate EMI projection within seconds.

  • How to use a Gold Loan Calculator?

    Using a Gold Loan Calculator is very simple. You just have to fill in the pertinent details concerning your Gold Loan, and you will see either the loan amount on offer or monthly EMI within seconds.

    Bank of Baroda also offers a Gold Loan Calculator for your convenience. The rate of interest and product LTV (Loan-to-Value ratio) are already provided. You simply have to input details like the number of ornaments you will be pledging, their quality in terms of carat, and their weight in grams.

    You will be shown the loan amount offered to you almost instantly!

  • Can I partially repay the Gold Loan amount?

    Certain banks allow partial pre-payment of Gold Loan while others do not. It is best to check with the bank in question. If your bank does allow it, your payment can go towards repaying either the principal or interest amount due. 
      
    A partial pre-payment can help reduce the interest due on your Gold Loan for the rest of your tenure. However, make sure to check the fees for the same with the bank in question. 

  • When should you opt for a Gold Loan?

    In certain urgent situations, there is immediate requirement of cash is required. A Gold Loan is an excellent way to seek assistance in such situations.  
      
    The process for applying for a Gold Loan requires very little documentation since you are already providing collateral. Plus, lenders tend to pay relatively less attention to credit history, employment, income, etc. Thus, it is a viable option during an emergency or when you do not meet certain eligibility criteria. 

  • What payment options are available to repay a Gold Loan?

    The banks have their own policies in place on the repayment of Gold Loans. At the Bank of Baroda, you have to pay interest every month.  
      
    The principal amount will be repaid via bullet payment at any time during the tenure. To support business, OD/CC option is also available.

  • Why Choose Bank of Baroda's Gold Loan?

    At Bank of Baroda, you can easily get a Gold Loan within a short time without restrictions on how you use the funds. Bank of Baroda offers high loan amounts to Indian residents who own gold jewellery and coins. With flexible tenures and easy repayment options, the Bank of Baroda Gold Loan can be of immense help when you need it!

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