Gold Loan Calculator to Estimate Gold Loan Details

Estimated read time 3 min read

Are you planning to take a gold loan but unsure about the loan amount, monthly EMIs, and total interest paid? Look no further! The Gold Loan Calculator is here to assist you in making informed financial decisions.

What is the Gold Loan Calculator?

The Gold Loan Calculator is a simple and efficient tool designed to estimate the details of a gold loan. By entering specific information such as gold weight, gold purity, loan percentage, current gold market price, loan term, and interest rate, you can quickly calculate the estimated loan amount, monthly EMIs, and total interest paid.


Gold Loan Calculator


Gold Weight (grams):

Gold Purity (karat):

Loan Amount (% of Gold Value):

Current Gold Market Price (per gram):

Loan Term (Months):

Interest Rate (% per annum):


Estimated Loan Amount:

Monthly EMI:

Total Interest Paid:



**Disclaimer:** This is a simplified calculator and should not be used for making financial decisions. Please consult with a financial advisor for personalized advice. **Note:** This code assumes a simple monthly compound interest calculation for the loan. **Additional features (optional):** * Include different loan repayment options (e.g., bullet payment, graduated payments). * Factor in processing fees or other associated charges. * Display a comparison of different loan offers from different lenders (if available). Remember to test and adapt this code based on your specific needs and ensure it adheres to best practices for financial calculations and user input validation.

How to Use the Gold Loan Calculator?

Using the Gold Loan Calculator is a breeze! Just follow these simple steps:

  1. Gold Weight (grams): Enter the weight of the gold you intend to use as collateral for the loan.
  2. Gold Purity (karat): Select the purity level of your gold from the available options of 24 Karat, 22 Karat, 18 Karat, or 14 Karat.
  3. Loan Amount (% of Gold Value): Specify the percentage of the gold’s value that you wish to borrow.
  4. Current Gold Market Price (per gram): Enter the prevailing market price of gold per gram.
  5. Loan Term (Months): Choose the desired loan term from the available options of 6 months, 12 months, or 24 months.
  6. Interest Rate (% per annum): Input the interest rate offered by the lender for the gold loan.

After entering these details, click on the “Calculate Loan Details” button. Voilà! The Gold Loan Calculator will provide you with the estimated loan amount, monthly EMI, and total interest paid.

Important Notes and Disclaimers

It’s crucial to note that this calculator serves as a simplified tool and should not be solely relied upon when making financial decisions. For personalized advice, it is recommended to consult with a financial advisor who can guide you based on your specific requirements.

Additionally, please be aware that the provided code assumes a simple monthly compound interest calculation for the loan. Consider adapting the code to include additional features like different loan repayment options, processing fees, and a comparison of loan offers from multiple lenders if available. Always prioritize testing and ensure the code adheres to best practices for financial calculations and user input validation.