2,80,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 500* on Gold Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Gold Loan Eligibility

Gold Loan Per Gram Eligibility

Last Updated 28th Jul 2021
Gold Loan per gram ₹ 2,648 to ₹ 3,236
Eligible Age 18 to 75 years
Loan Amount Eligibility ₹ 1,000 to ₹ 2,00,00,000
Lowest Gold Loan Interest Rates 9.50%
  • Today’s gold loan rate per gram is ₹ 3,236 for 22-carat gold, ₹ 2,942 for 20 carat gold and ₹ 2,648 for 18-carat gold
  • Compare and check eligibility criteria online to get the best offers on the interest rate based on gold loan rate per gram, gold purity.

Video: Gold Loan Benefits, Eligibility, Documents & Process

Apply for Gold Loan @ 9.50%* Get upto ₹ 500* Cashback

Compare Gold Loan Rate Per Gram and Lowest EMI of All Banks

Bank Interest Rate Eligible Loan Amount for Max Tenure
SBI Gold Loan Eligibility
7.30% ₹ 50 Lakh for 36 months
Muthoot Gold Loan Eligibility
11.99% ₹ 50 Lakh for 36 months
Manappuram Gold Loan Eligibility
9.90% ₹ 10 Lakh for 3 Months
HDFC Bank Gold Loan Eligibility
9.50% ₹ 50 Lakh for 24 months
Yes Bank Gold Loan Eligibility
9.99% ₹ 10 Lakh for 36 months

Gold Loan Eligibility Calculator

Gold loan eligibility calculator is a calculator which helps you know your gold loan eligibility. Gold loan eligibility is calculated based upon your age, type of gold, and weight of gold. It calculates the maximum loan amount that you are eligible for and how much EMI you can pay. The eligibility calculator is convenient and easy to use. By using it you can also check for which banks you are eligible for a gold loan.

Age 21 Yrs is minimum age and 65 Yrs is maximum age to apply for gold loan.
Note: However, many banks require minimum age of 23 years
Loan Amount
  • Up to ₹ 20 Lakh
  • Interest rates are lower for higher loan amount
Employment Type
  • Salaried, self employed, businessmen, senior citizen, houswives
Gold Quality
  • Gold ornaments should range in between 18 to 24 Carats
  • Average gold price of 22 carat gold for the preceding 30 days is adjusted down for gold loan purity.
  • CIBIL score is not required
Gold Articles that can be used for availing loan
  • Gold bars and coins
  • Gold with 18-24 carat purity
Employment track record and income proofs
  • Banks do not check job stability and only require KYC documents

How to Calculate Gold Loan Eligibility?

Gold loan eligibility can be calculated in two ways:

  • Using MyLoanCare Eligibility Calculator: Gold loan eligibility can easily be calculated using our Gold Loan Eligibility Calculator. You are only required to fill in details like Name, Contact number, Monthly income, Place of residence, Weight in gold and Verify OTP. On the basis of inputs you will get the bank offers for which you are eligible.
  • By Contacting the Banks/NBFCs: You can also check gold loan eligibility by contacting the bank or NBFC from whom you want to take a gold loan. You can use the eligibility calculator of lenders as well.

Gold Loan Rate Per Gram Eligibility

Gold Loan calculator calculates the gold loan eligibility per gram based on the total weight of jewellery, level of gold purity, past 30 days average price of 22 carat gold and loan to value offered by your bank. As per today’s gold prices the highest jewel loan per gram against 22 carat gold is ₹ 4,315 per gram. Key variables that are required to calculate gold loan rate per gram are for the last 30 days.

  • 30 days average price of 22 carat gold has to be adjusted down for a level of gold purity before multiplying it with the LTV.
  • In the table below, as of 28th Jul 2021, the past 30 days average price of 22 carat gold is ₹ 45,416.
Gold Purity Past 30 days average price of gold per 10 grams Maximum LTV Gold Loan per gram of gold
22 carat 45,416 75% 3,066
20 carat 41,287 75% 2,787
18 carat 37,158 75% 2,508

However, you will be eligible for a lesser gold loan per gram of jewellery if you take a loan against 10 gram of 18 carat gold. If you take a loan against 18 carat gold, you will be eligible for a gold loan of ₹ 2,508 per gram of gold as seen in the table above. If you take a loan against 22 carat gold, you will be eligible for a gold loan rate of ₹ 3,066 per gram

How to use MyLoanCare’s Gold Loan Eligibility Calculator?

Gold loan eligibility calculator is a calculator which helps know your  eligibility for a gold loan. To calculate eligibility at MyLoanCare perform the following steps :-

  • Go to the Gold loan eligibility calculator
  • Fill the form with information like Name, mobile number, weight in grams etc.
  • Click ‘Check Eligibility’
  • Enter OTP (One Time Password)
  • Click ‘Get Offers’
  • You will get offers as per the details pre-filled by you
  • A MyLoancare Advisor will contact you shortly

Check Gold Loan Interest Rates Of Different Banks

Other Loan Calculators


When should you opt for a Gold Loan?

You should opt for a gold loan in following situations:

  • You need the loan on an extremely urgent basis for a relatively short period of time.
  • If you want to avoid extensive paperwork or have no income proofs to avail a loan. This loan requires only basic KYC documents.
  • No credit history or CIBIL score required.
  • If you possess gold jewellery that you are willing to hypothecate.
  • If you want to reduce the all-inclusive cost of borrowing. Gold Loans typically carry nil processing fees and prepayment penalty, thus reducing the overall cost of loan.

When and in what circumstances should I not choose a Gold Loan?

You should not consider gold loan as an option:

  • If you are not comfortable with parting away with your gold jewellery and handover its custody to the bank. Your jewellery is typically kept safe by banks and specialised finance companies such as Muthoot or Manappuram, the only hitch is that you cannot use the jewellery, while it is with the bank.
  • If you are looking for loans of more than 9 months.
  • If you have alternative assets to pledge which may fetch you a lower rate of interest.

How is gold loan interest calculated?

You can calculate the gold loan interest by subtracting the principal amount from the total amount to be paid. The total amount you would pay by the end of tenure can be calculated with the help of an repayment calculator.

How is gold loan EMI calculated?

You can use the EMI calculator to calculate the EMI for your gold loan. The information you would need for using the EMI calculator is the loan amount, rate of interest, and tenure. Using the online calculator is a better option than manual calculation as it has high chances of mistakes.

For what purpose can I take a gold loan ?

Gold loan can be taken to meet any medical emergency, pay debts, buy a product, pay education fees, go on a holiday and whatsoever because it does not come with any end usage restriction.

Are gold loan available as doorstep loans ?

Yes, you can apply for a gold loan sitting at home. There are many lenders like Muthoot, Manapurram, HDFC bank, Axis bank who offer digital gold loans. You can also avail digital gold loan with MyLoanCare.

Is cibil required for a gold loan?

No cibil score is not a parameter for gold loan eligibility. Gold loans can be availed if you are unemployed with no financial history, however you must own gold with purity marks above 18 carats. Note, that while cibil score is not important to avail gold loans, repaying gold loans on time can boost cibil score.

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Gold Loan News - Jul 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Please wait while your information is being processed...