Precious Metal Loan Calculators
Gold Loan EMI Calculator
Calculate EMI for loans taken against gold ornaments or coins.
Use Calculator →Gold Loan Eligibility Calculator
Check how much loan you can get based on gold value and LTV.
Check Eligibility →Gold Loan Prepayment Calculator
Estimate interest savings by prepaying your gold loan.
Calculate Savings →Silver Loan Eligibility Calculator
Check eligibility based on silver purity and market value.
Check Eligibility →Silver Loan Prepayment Calculator
Find out how much interest you save by prepaying a silver loan.
Calculate Savings →What Is a Loan Against Precious Metals?
A loan against precious metals is a secured loan where borrowers pledge gold or silver as collateral to obtain funds from banks or NBFCs. Since the loan is backed by physical assets, interest rates are generally lower compared to unsecured loans, and approval is faster.
Gold Loan vs Silver Loan
Gold loans are more common due to higher liquidity and stable market prices. Silver loans, while less popular, offer similar benefits and are gaining traction among borrowers who hold large quantities of silver.
How EMI Is Calculated for Precious Metal Loans
EMI for gold and silver loans depends on loan amount, interest rate, and tenure. The loan amount is determined by the value of the pledged metal and the applicable Loan-to-Value (LTV) ratio set by the lender.
Eligibility Criteria
- Purity and weight of gold or silver
- Current market price of the metal
- LTV ratio offered by the lender
- Borrower age and repayment capacity
Benefits of Gold and Silver Loans
- Lower interest rates compared to unsecured loans
- Quick approval and minimal documentation
- Flexible repayment options
- No impact of credit score in many cases
When Should You Choose a Precious Metal Loan?
Gold and silver loans are ideal for short-term funding needs, emergency expenses, business working capital, or seasonal cash flow gaps. They allow borrowers to unlock the value of idle assets without selling them.