Gold Loan Calculator
Banks and finance companies advance a fixed share of the assessed value of your gold, after adjusting for purity. Enter the weight in grams or tola and today's price per tola to estimate how much cash you can raise.
Frequently asked questions
How much can I borrow against gold?+
Banks and finance companies generally advance 70 to 80% of the assessed value. Value is based on weight, purity and a reference price that is usually a little below the market rate.
What purity does the bank accept?+
Most lenders accept 22K and 24K ornaments and coins. Lower purity is discounted proportionally or rejected. Stones and clasps are excluded from the weight.
What is the tenure of a gold loan?+
Usually 3 to 12 months, renewable. Interest is charged on the outstanding amount and the gold is returned when the loan is settled.