Gold Loan Eligibility Calculator India 2025 2026
Check Max Loan · FOIR · CIBIL Score · Bank Comparison · EMI Preview
Gold loans are India's fastest-disbursed secured loans — approval in 30–60 minutes, no income proof, no CIBIL check. Eligibility is based purely on gold weight and purity (18–24 karat). RBI allows maximum 75% LTV (Loan to Value) of gold's current market price. Muthoot Finance, Manappuram, SBI, HDFC offer gold loans starting from 7.5% p.a. For 100g of 22K gold at ₹6,500/g, you can get approximately ₹2.96L instantly. Calculate exact gold loan eligibility and compare lender rates.
📋 Your Financial Profile
📊 Eligibility Breakdown
🔮 "What If" Simulator
See how changing one factor boosts your eligibility
📅 Amortization Preview — First 12 Months
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹29,428 | ₹5,147 | ₹24,281 | ₹33,24,853 |
| 2 | ₹29,428 | ₹5,184 | ₹24,244 | ₹33,19,669 |
| 3 | ₹29,428 | ₹5,222 | ₹24,206 | ₹33,14,447 |
| 4 | ₹29,428 | ₹5,260 | ₹24,168 | ₹33,09,187 |
| 5 | ₹29,428 | ₹5,299 | ₹24,129 | ₹33,03,888 |
| 6 | ₹29,428 | ₹5,337 | ₹24,091 | ₹32,98,551 |
| 7 | ₹29,428 | ₹5,376 | ₹24,052 | ₹32,93,175 |
| 8 | ₹29,428 | ₹5,415 | ₹24,013 | ₹32,87,760 |
| 9 | ₹29,428 | ₹5,455 | ₹23,973 | ₹32,82,305 |
| 10 | ₹29,428 | ₹5,495 | ₹23,933 | ₹32,76,810 |
| 11 | ₹29,428 | ₹5,535 | ₹23,893 | ₹32,71,275 |
| 12 | ₹29,428 | ₹5,575 | ₹23,853 | ₹32,65,700 |
| Total | ₹70,62,720 | ₹33,30,000 | ₹37,32,720 | — |
🎯 Pre-Approval Probability
💡 Tips to Increase Your Loan Eligibility
Current: 750. Pay all dues on time. 750+ gets you best rates and fast approval.
✅ Already greatYour existing EMIs: ₹0. Closing them frees FOIR capacity.
✅ No existing EMIsAdd working spouse or parent. Combined income dramatically increases max loan.
Potentially +50–80% eligibilityLonger tenure = lower EMI = more loan. Current: 20yr. Max: 30yr.
Lower EMI by extending to 30yrHigher down payment = smaller loan needed = easier approval and lower interest.
Reduces loan requirement and improves FOIRBonus, rental income, part-time income — some banks include these. Get income certificate.
Can add 20–30% to declared incomeWhat is Loan Eligibility? — How Banks Calculate
Loan eligibility is the maximum loan amount a bank will approve based on your income, existing obligations, credit score, and loan type. The primary rule is FOIR (Fixed Obligation to Income Ratio) — most banks allow maximum 50% of your net income towards all EMIs combined.
📐 FOIR Formula
📊 Worked Example
Monthly Income ₹60,000 · Existing EMI ₹10,000 · CIBIL 750 · Home Loan 20yr @8.5%
🏦 Loan Type Comparison
| Loan Type | Typical Rate | Max Tenure | LTV | CIBIL Min |
|---|---|---|---|---|
| 🏠 Home Loan | 8.5–10% | 30 years | 75–90% | 650+ |
| 🚗 Car Loan | 8.75–10% | 7 years | 85% | 650+ |
| 💼 Personal Loan | 10–24% | 5 years | — | 700+ |
| 🥇 Gold Loan | 9–11% | 3 years | 75% | 0+ |
Frequently Asked Questions
What is the maximum gold loan I can get in India?
Maximum loan = 75% of gold market value (RBI mandate). Formula: Loan = Weight × (Karat/24) × Gold Rate × 75%. Example: 100g of 22K gold at ₹6,500/g → Pure gold value = 100 × (22/24) × 6,500 = ₹5,95,833 → Max loan = ₹4,46,875. Muthoot and Manappuram offer up to ₹1.5 Crore for large holdings. Minimum weight typically 10–20 grams; minimum loan ₹5,000.
Muthoot vs SBI gold loan — which is better?
Muthoot Finance: 9–24% rate, fastest 30-min disbursement, accepts 18K+ gold, 3000+ branches. SBI Gold Loan: 7.5–9%, lowest rate but 1–3 day processing, only 22K+ gold accepted. HDFC Gold Loan: 9–17%, good for existing HDFC customers. Manappuram: 9.9–29%, flexible schemes including monthly interest-only payment. Best for emergency: Muthoot or Manappuram. Best rate: SBI or Canara Bank (good for planned borrowing).
What is gold karat and how does it affect loan amount?
24 Karat = 99.9% pure gold (coins, bars — highest loan value). 22 Karat = 91.6% pure (standard jewellery — most common). 18 Karat = 75% pure. Most banks require minimum 18K. Calculation: 100g of 18K gold = 100 × (18/24) = 75g pure gold equivalent. At same ₹6,500/g gold rate: 24K loan ≈ ₹4.88L, 22K loan ≈ ₹4.47L, 18K loan ≈ ₹3.66L — choosing 22K vs 18K gives ₹81,000 more for same 100 grams.
Can gold loan be repaid before tenure?
Yes — gold loans typically have zero or minimal prepayment charges (0–1%). Repayment options: Regular EMI, Bullet repayment (interest monthly, principal at end), Overdraft facility (interest only on amount used — best option). After full repayment, gold returned same day at most branches. Use gold loan for short-term emergency — repay fast to minimize interest. At 9.5% for 3 months: ₹4.47L loan costs only ₹10,579 total interest.
What happens if I cannot repay gold loan?
If EMI defaults: Bank issues notice after 30 days. After 3 missed EMIs (90 days), lender can auction gold. RBI mandates: 14-day advance auction notice to borrower. Excess amount after auction must be returned to borrower. To avoid auction: Restructure loan, pay overdue interest, or pledge additional gold. CIBIL score is affected by gold loan default — it is a credit instrument like any other loan.
📌 Key Takeaways — Loan Eligibility 2026
- ✅ Banks use FOIR rule: Total EMIs (existing + new) should not exceed 50% of net income
- ✅ CIBIL score 750+ gets best rates. Below 650 = mostly rejected by major banks
- ✅ Co-applicant income boosts eligibility — especially spouse for home loans
- ✅ Home Loan LTV: 90% for ≤₹30L, 80% for ₹30L–75L, 75% for above ₹75L (RBI norms)
- ✅ Prepay existing EMIs to increase eligibility before applying for new loan
- ✅ Home Loan max tenure: 30 years or till age 70, whichever comes first
- ✅ Gold Loan: 75% of gold value — no CIBIL check, instant disbursal
- ✅ Improving CIBIL from 700 to 750 can save 0.5–1% interest rate = ₹lakhs over tenure