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Gold Loan Calculator

Gold holds tremendous value whether idle or in a bank vault. IDFC FIRST Bank helps you leverage the market value of the yellow metal to get secured loans. Gold loans are available at attractive interest rates as they fall under secured loans. You can get a gold loan for a number of reasons, but before applying, make sure you use a gold loan EMI calculator. IDFC FIRST Bank offers an integrated gold loan calculator that calculates the total interest, monthly payments, and total cost of obtaining a gold loan. If you plan on taking a gold loan, use this gold loan calculator to compare and choose well.

Mode of payment

₹

Loan Amount*

₹ 25001 ₹ 1000000

₹

Loan Amount*

₹ 25001 ₹ 5000000

₹

Loan Amount*

₹ 200000 ₹ 5000000

12

Month

60

Month
Month

Time Period

12 month 60 month

%

Choose your existing bank interest rate

9.75 % 19 %

Total Amount

₹

Principal Amount
Total Interest
₹
Loan EMI (Monthly)
₹

View Amortization Details

Month
Principal
Interest
EMI
Balance

How does the Gold Loan EMI Calculator work?

Manual calculation of gold loan EMI is an intricate task. However, with the IDFC FIRST Bank gold loan calculator, you can conveniently determine your monthly instalments based on your principal loan amount, interest rates, loan tenure and the amount of gold you want to deposit as security.

To use the gold loan EMI calculator, enter the amount, the weight of gold in grams you wish to deposit as security, the loan tenure, and the interest rate.

Based on your entries, the loan EMI calculator tool instantly determines the eligible loan amount along with the monthly instalment you need to pay.

Image Alt

Why should you use the Gold Loan EMI Calculator?

A gold loan EMI calculator helps determine the loan you can loan, the EMIs you must pay, and other key information.

  • Image Alt IDFC FIRST Bank Gold Loan EMI Calculator is a quick and user-friendly tool to determine your gold loan eligibility and monthly instalment.
  • Image Alt It helps you better manage your finances as you know your EMI beforehand.
  • Image Alt You can calculate exactly how much gold you need to deposit.
  • Image Alt It saves time and effort and allows you to do better research before applying for a gold loan.

How is Gold Loan Interest calculated?

To calculate gold loan interests, you need to subtract the borrowed amount (principal loan amount) from the total outstanding amount. However, manually calculating gold loan interest rates can be complex.

You can use an online gold loan calculator to determine your overall interest and gold deposit rates. Using the loan calculator tool, you can also understand how interest rates impact the total loan cost and your monthly EMIs.

Features of Gold Loan Calculator

Some critical features of IDFC FIRST Bank Gold Loan EMI calculators are:

  • Easy to use Enjoy the advantage of knowing exactly how much you can borrow and how much will need to be repaid with gold loan pre-eligibility estimates. Make confident financial decisions today!
  • Quick calculation With a gold loan EMI calculator, you don't have to calculate your EMIs manually, which reduces your time and effort. After entering the required details, you get EMIs and interest rates instantly.
  • Accuracy You can also change the interest rate and tenure as per your requirements to get a suitable gold loan option
  • Efficient financial planning You can plan your expenses and finances more easily if you know the monthly instalments and overall loan costs in advance.
Know more
Image Alt

Have questions? Here are the answers!

What are the eligibility criteria for gold loans?

All resident individuals in the age group of 18 -70 years (Salaried, Self-Employed, Housewife) are eligible for Gold Loans

What is a gold loan calculator?

A gold loan calculator is an effective tool to calculate your gold loan eligibility and the monthly instalments you require to repay the loan in a specified tenure. In order to make gold loan EMI calculations easier, the gold loan calculator can be used. Enter the required information in the calculator and submit it for instant results, allowing you to research and plan efficiently.

Why choose IDFC FIRST Bank gold loans?

Gold loans from IDFC FIRST Bank are affordable and easy to obtain. Gold loans come with the lowest interest rates and flexible repayment terms.

What is the tenure of IDFC FIRST Bank gold loans?

The maximum tenure for a gold loan under the Bullet or Monthly Interest Servicing Scheme is 12 months.  

Under the EMI Scheme, the minimum tenure of a gold loan is 12 months, and the maximum tenure is 60 months.

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