Gold Loan Calculator: How Much Can You Borrow for 10 Grams of Gold?
Money
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News18•01-02-2026, 10:11
Gold Loan Calculator: How Much Can You Borrow for 10 Grams of Gold?
- •Banks lend up to 75% of gold's value, known as 'Loan to Value' (LTV), as per RBI rules.
- •For 10 grams of 22-carat gold valued at approximately Rs 1,24,000, you could get Rs 90,000 to Rs 93,000.
- •Gold loan interest rates typically range from 8% to 12%, lower than personal loans.
- •Making charges and CIBIL score are not considered; only gold weight and purity matter.
- •Processing fees are usually 0.5% to 1%; timely repayment is crucial to avoid auctioning of gold.
Why It Matters: A gold loan offers quick financial aid, lending up to 75% of gold's value with lower interest rates.
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