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

IIFL Gold Loan EMI Calculator

IIFL Gold Loan EMI Calculator Sep 2021

Last Updated 11th Aug 2021

  • IIFL gold loan EMI depends upon loan amount, rate of interest and loan tenure.
  • IIFL gold Loan EMI Calculator is an online tool to estimate monthly EMI on gold loan from IIFL and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly IIFL gold loan EMI is ₹ 9,516 as calculated using the lowest interest rate of 9.24% for the maximum tenure of 11 months.
  • The table below gives the EMIs on gold loan from IIFL at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan2 Year loan3 Year loan
₹ 1 Lakh₹ 8,756₹ 4,579₹ 3,191
₹ 3 Lakh₹ 26,269₹ 13,738₹ 9,573
₹ 5 Lakh₹ 43,781₹ 22,897₹ 15,956

Jump to EMI Calculator

    Apply for Gold Loan @ 8.99%* Get upto ₹ 500* Cashback
    Best Offers on Gold Loan offerOffers
    Bank/NBFCs Rate* EMI per Lakh* Action

    * Starting From

    IIFL Gold Loan EMI Calculator

    IIFL gold loan EMI is a fixed amount of money you pay on your IIFL gold loan and is based on your loan amount, tenure and interest rate. If you want to calculate the gold EMI of IIFL in advance, you can use IIFL gold loan EMI Calculator. IIFL gold loan calculator is an online tool that functions on a mathematical algorithm to calculate monthly EMI, consisting of both principal and interest payment.

    Why Should You Use IIFL Gold Loan EMI Calculator?

    • Calculate the EMI at Different Tenures: IIFL gold loan calculator 2021 helps calculate the EMI with different loan amount and tenure. However, to compare the gold loan EMI at the lowest rate, it is advisable to check with the bank to know the gold loan interest rate you will be eligible for IIFL gold loan.
    • Compare EMI on IIFL Gold Loan: You can also estimate the EMI on IIFL gold loan with other leading banks using IIFL gold loan EMI Calculator at the same loan amount and tenure at varying interest rates.
    • Get Detailed Amortisation Schedule: To calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure, you can use IIFL gold mortgage loan calculator.
    • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Knowing the outstanding balance is always helpful if you are thinking about gold loan balance transfer.

    IIFL Gold Loan EMI Calculator to Estimate The EMI That Fits Your Budget

    You can use the IIFL gold loan emi calculator to know your IIFL gold loan repayment schedule. To calculate EMI on IIFL gold loan at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on IIFL gold loan calculator. For example, the below-mentioned table shows the calculation of IIFL gold Loan at the various combinations of loan amount and years at the lowest rate of 9.24%.

    EMI on IIFL gold loan is calculated for different loan amounts and tenures at the lowest gold rate of 9.24%.

    Loan Tenure
    Loan Amount 1 Year 2 Years 3 Years
    ₹ 50,000 ₹ 4,378 ₹ 2,290 ₹ 1,596
    ₹ 1 Lakh ₹ 8,756 ₹ 4,579 ₹ 3,191
    ₹ 2 Lakh ₹ 17,513 ₹ 9,159 ₹ 6,382
    ₹ 5 Lakh ₹ 43,781 ₹ 22,897 ₹ 15,956

    IIFL Gold Loan EMI Calculator Formula

    IIFL gold loan calculator works using a simple mathematical formula to calculate your EMI. The IIFL gold loan calculation formula to calculate loan EMI is given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of interest per month
    n = The tenure of loan repayment in months

    If you want to use IIFL calculator to calculate IIFL gold loan EMI at rates ranging from 9.24% to 24.00%, you need to enter values like loan amount, rate of interest, loan tenure on the EMI calculator IIFL gold loan.

    Comparison of IIFL Gold Loan EMI With Other Banks

    Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 2 Lakh Loan Amount of ₹ 5 Lakh
    IIFL 9.24% ₹ 9,516 ₹ 19,033 ₹ 47,581
    Muthoot 11.99% ₹ 3,321 ₹ 6,642 ₹ 16,605
    Axis Bank 13.50% ₹ 4,778 ₹ 9,555 ₹ 23,889
    PNB 8.75% ₹ 8,734 ₹ 17,467 ₹ 43,668
    ICICI Bank 9.00% ₹ 8,745 ₹ 17,490 ₹ 43,726
    Yes Bank 8.99% ₹ 3,180 ₹ 6,359 ₹ 15,898
    Fincare Small Finance Bank 10.99% ₹ 11,626 ₹ 23,252 ₹ 58,130

    How to Pay IIFL Gold Loan EMI?

    There are various methods to pay your IIFL gold loan EMI. To make a IIFL gold loan payment, you can either visit the bank branch and pay through cash, cheque or DD. In addition, the bank also allows IIFL gold loan online payment through net banking and mobile banking facilities.

    IIFL Gold Loan EMI for ₹ 1 Lakh

    The following table shows IIFL Gold Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 9.24%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 1,00,000 9.24% 1 ₹ 8,756
    ₹ 1,00,000 9.24% 2 ₹ 4,579
    ₹ 1,00,000 9.24% 3 ₹ 3,191

    IIFL Gold Loan EMI for ₹ 3 Lakh

    Below mentioned table shows the IIFL gold loan EMI for a gold loan of ₹ 3,00,000 at different tenure at the lowest rate of 9.24%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 3,00,000 9.24% 1 ₹ 26,269
    ₹ 3,00,000 9.24% 2 ₹ 13,738
    ₹ 3,00,000 9.24% 3 ₹ 9,573

    IIFL Gold Loan EMI for ₹ 5 Lakh

    IIFL gold loan EMI for a gold loan of ₹ 5,00,000 at different tenure at the lowest rate of 9.24%, is listed as follows

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 5,00,000 9.24% 1 ₹ 43,781
    ₹ 5,00,000 9.24% 2 ₹ 22,897
    ₹ 5,00,000 9.24% 3 ₹ 15,956

    FAQs

    Why should I calculate IIFL loan EMI before taking a loan?

    There are several benefits to calculate EMI for IIFL gold loan as discussed below -

    • If the EMI comes out to be more than your monthly budget, you can apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable.
    • If you already know the EMI you have to pay each month, you can plan your expenses accordingly.
    • You can also opt for gold loan prepayment in future when you have a surplus amount.

    Why Use MyLoanCare’s IIFL Gold Loan EMI Calculator?

    With MyLoanCare IIFL gold loan EMI calculator, you can easily calculate EMI for IIFL gold loan without any hassle in a few seconds and error-free. The calculator works on a mathematical algorithm to calculate the EMI and helps you compare the EMI for varying loan amount and tenure. In addition, you also receive EMI calculation in your email or as a link on SMS.

    How is EMI calculated for IIFL gold loan?

    IIFL calculates gold loan EMI using the mathematical formula as given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of Interest per month
    n = The tenure of loan repayment in months

    For What Other Purposes, You can Use IIFL Gold Loan EMI Calculator

    IIFL jewel loan EMI calculator not just helps you calculate and compare the EMI for different loan amounts and tenures. You can also use the calculator to calculate various other charges on a gold loan, including foreclosure, prepayment etc.

    How To Repay IIFL Gold Loan?

    You can repay IIFL gold loan using repayment methods such as EMI, bullet repayment and overdraft. For example, if you want to repay IIFL gold using the EMI option, you can use the IIFL jewel loan calculator to calculate IIFL gold loan EMI payment.


    Notification ×
    • Home Loan

      Home Loan at all-time low rates starting at 6.50%. 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 8.99% with Cashback of up to ₹ 500

      Apply Now
    • Loan Against Property

      Best Loan Against Property Offers starting @ 6.90%. 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
    IIFL Gold Loan News - Sep 2021
    • 2021-08-11 : IIFL Finance offers gold loans at the lowest rate
      IIFL Finance has introduced gold loans with interest rates starting from 0.79 per cent. The loan will be offered for up to 24 months and will also offer flexible interest repayment – monthly, bimonthly, quarterly and half-yearly – options to customers based on their requirements This scheme will be available across India in all its branches.
    • 2020-10-28 : CSB Bank, IIFL Finance Joint venture to offer gold loans
      CSB Bank and IIFL are planning to offer gold loans in untapped areas. IIFL, with its vast branch network, would assist the CSB Bank encourage the unprivileged sections of the society and rural areas resulting in scaling up of the customer base.
    • 2019-03-06 : IIFL Finance launches gold loan mela in seven States
      One of the leading gold loan NBFCS, IIFL Finance has announced the launch of its gold loan mela from 1st March to 11th March 2019. Gold Loan Mela offers an attractive interest rate of 1% per month along with the commitment of quick processing of loan in just 5 minutes, maximum Loan value on gold and easy digital payment options. The Gold Loan Mela is being held at more than 480 IIFL branches including seven states such as Andhra Pradesh, Telangana, Karnataka, Madhya Pradesh, Chhattisgarh, Maharashtra and Goa.
    • 2019-02-05 : IIFL launches free gold coin offer for new customers in North India
      IIFL has announced the launch of a gold loan offer under which it will provide Gold Loan Pe Free Gold for its customers who are based in Northern States of Rajasthan, Delhi & NCR, Punjab, Haryana, Uttar Pradesh & Uttrakhand. As a part of this offer, it will provide all fresh Gold Loans disbursed between 21st January 2019 and 19th February 2019.
    • 2019-01-24 : IIFL affordable housing, gold loans and small ticket SME loans are back on track
      After issuing a good amount of funds through NCDs earlier this week, IIFL Finance has received good growth across its retail credit segment including affordable housing, consumer finance, gold loans and small ticket SME loans. The NBFC is also looking some other growth opportunities in its business during this fiscal year.
    *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
    Loader
    Please wait while your information is being processed...