Gold Loan Details
grams
1grams1,000grams
₹/gram
₹4,000/gram₹15,000/gram
RBI allows up to 75% for banks
%
50%90%
% p.a.
7% p.a.24% p.a.
months
1months36months
Pay principal + interest monthly
Loan Summary
Loan Amount
₹2,23,437
Monthly EMI
₹19,644
Gold Value
₹2,97,91750g @ 22K
Max Loan (LTV)
₹2,23,43775% of gold value
Total Interest
₹12,287Total Payment
₹2,35,724Effective Rate:5.50% p.a.
Risk: If gold prices fall or you fail to repay, the lender can auction your gold.
Amortization Schedule
| Year | Annual Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹2,35,728 | ₹2,23,437 | ₹12,286 | ₹0 |