Total Gold Value
₹0
Eligible Loan Amount
₹0
How Gold Loan Eligibility Is Calculated
Gold loan eligibility refers to the maximum loan amount that a lender is willing to offer against the gold pledged as collateral. The eligibility is primarily determined by the market value of gold, its purity, and the applicable Loan-to-Value (LTV) ratio.
Gold Value Calculation
The value of gold is calculated using its weight, purity, and prevailing market price per gram. Higher purity and higher market prices directly increase the eligible loan amount.
Role of LTV in Gold Loans
LTV determines what percentage of the gold value can be offered as a loan. As per RBI guidelines, lenders can offer up to 75% of the gold value.
Benefits of Gold Loan Eligibility Calculators
- Instant estimate of loan amount
- No impact on credit score
- Transparent calculation
- Better financial planning
Related Calculators
Frequently Asked Questions
How much loan can I get against gold?
Up to 75% of the gold’s market value as per RBI norms.
Does gold purity affect eligibility?
Yes. Higher purity gold fetches higher loan eligibility.
Is gold loan eligibility fixed?
Eligibility changes with gold price fluctuations.
Is credit score required?
Most lenders do not require a high credit score for gold loans.
Can eligibility vary by lender?
Yes. Different lenders may offer different LTV ratios.
Do I lose ownership of my gold?
No. Ownership remains with you.