The Gold Loan EMI Calculator is a simple, easy-to-use tool that helps you calculate your monthly EMI for a gold loan. By entering your loan amount, interest rate, and repayment tenure, the calculator instantly shows you the EMI you’ll need to pay. It’s a quick way to plan your loan and ensure the payments fit your budget.
Gold Loan EMI Calculator
Your Golden Ticket to Smart Borrowing!
Quick
Accurate
Effortless
About Gold Loan EMI Calculator
Borrowing against your gold has never been easier. With RING’s Gold Loan EMI Calculator, you can calculate your gold loan EMIs in seconds, giving you a clear idea of how much you’ll pay monthly. It’s fast, simple, and takes the stress out of financial planning.
Benefits of Gold Loan EMI Calculator
Quick Calculations
Transparency
Flexibility
Smart Planning
Features of Gold Loans
Credit Up to Rs. 5 Lakhs
Avail of credit up to Rs. 5 lakhs with paperless KYC.
Flexible Repayment
Choose repayment periods from 3 to 60 months.
Instant Approval
Money transferred to your bank account in 5 minutes.
Zero Paperwork
100% Digital - Hassle-free process
No Collateral Required
Secure a loan without pledging any assets.
Transparent Terms
Know all costs upfront with no hidden charges.
Competitive Rates
APR ranges from 32% to 57% per annum.
Multi-Purpose Loans
Use your loan for personal or business purposes
Check Your Eligibility
Instant Personal Loan Eligibility Criteria
To qualify for a personal loan applicants need to meet the following criteria:
- Nationality: Indian citizen.
- Age: Between 23 and 55 years.
- Documentation: Selfie, PAN Card, and Aadhaar Card.
- Income Proof: Required only for select high-value loans based on credit profile.
- Profile : Salaried, Self-Employed, Small busines owner & MSMEs
Having these documents prepared ensures a smoother and quicker application process
Follow these simple steps to get started:
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Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
Gold Loan EMI Calculator
Breaking Down the Cost: Interest Rates Explained
A tool designed to help you understand the monthly payment on your loan. Whenever you take a loan, the EMI amount that you will pay is very important in helping you arrive at your final loan amount and repayment tenure. Our personal loan calculator helps you do just that. You will be able to see your monthly payment, and this will help you decide what your loan amount should ideally be, and if it is payable over a period.
Principal Amount (A): ₹500,000
Interest Amount (B):
Your EMI: ₹ per month
Your Loan Amount: ₹500,000
At Interest Rate of: 2%
For : 2 years
Total Payable: ₹
Here’s a quick example to illustrate:
- Loan Amount (Principal): ₹1,00,000
- Tenure: 12 months
- Interest Rate: 13% per annum
- Processing Fee (incl. GST): ₹3000 (3%)
- Total Interest: ₹7,180.73
- EMI: ₹1,374.63
- APR: Start from 14%
Disclaimer - The Loan EMI Calculator only shows an estimate. Consult your lender for accurate details.
The Formula to Calculate EMI on Gold Loans
The formula for calculating EMI is as follows:
EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]
P= Principal loan amount | R= Monthly interest rate (annual interest rate divided by 12) | N= Loan tenure in months
**To explain it further, let’s see an example:**
Suppose you take a loan for ₹5,00,000 with an annual interest rate (IR) of 10% for a tenure of, say, 5 years (60 months).
First, convert the annual interest rate to a monthly interest rate. In this case, the monthly interest rate would be 10%/12 = 0.00833.
Using the formula, you can calculate the EMI as follows:
EMI = [500000 x 0.00833 x (1+0.00833)^60] / [(1+0.00833)^60-1]
By simplifying the equation, you will find that the EMI for this loan would be approximately ₹10,609.
This means that your monthly payment will be ₹10,609 for 60 months to repay the loan amount along with the interest.
For a more detailed explanation, you can refer to this blog.
Hear from Our Happy Customers
Priya K
Chennai
When my family faced an unexpected medical emergency, I needed funds fast. RING’s Gold Loan EMI Calculator was my lifeline! Within minutes, I calculated the exact EMI based on my loan amount and found a plan that worked for me. The process was transparent, quick, and left no room for surprises. I was able to cover the medical bills and repay comfortably in easy installments. Thank you, RING!"
Loan Amount: ₹2 Lakhs | EMI Tenure: 12 months | EMI: ₹18,200
Rohit M
Jaipur
I had big dreams for expanding my small business, but funding was always an issue. I decided to use my gold as collateral, but I was unsure about the monthly payments. RING’s Gold Loan EMI Calculator made it so simple! I was able to explore different loan amounts and choose a tenure that suited my business cash flow. Today, my business is thriving, and RING helped make that possible!"
Loan Amount: ₹3 Lakhs | EMI Tenure: 18 months | EMI: ₹17,500
Sneha D
Bangalore
Weddings can get expensive fast, and mine was no exception! I didn’t want to borrow from family, so I used RING’s Gold Loan EMI Calculator to figure out how much I could afford to borrow against my gold. The calculator showed me different EMI options for various tenures, helping me pick the one that best suited my monthly budget. The entire process was stress-free, and I could focus on my big day without financial worries!"
Loan Amount: ₹4 Lakhs | EMI Tenure: 24 months | EMI: ₹19,100
Anil S
Delhi
I needed to cover some education expenses for my daughter, and borrowing against my gold seemed like the right option. But I was worried about how the EMI would impact my monthly budget. That’s when I turned to RING’s Gold Loan EMI Calculator. I could instantly calculate the EMI for different loan amounts and tenures, giving me a crystal-clear idea of what I was signing up for. The transparency made all the difference for me!"
Loan Amount: ₹5 Lakhs | EMI Tenure: 3 years | EMI: ₹17,800
Shalini P
Mumbai
Taking out a loan was always intimidating to me, but RING’s Gold Loan EMI Calculator changed that. I was planning to fund my son’s higher education abroad and was unsure about how much I could afford. The calculator helped me quickly figure out an EMI that didn’t disrupt my household expenses. It gave me peace of mind knowing exactly how much I’d pay each month. Highly recommended!"
Loan Amount: ₹6 Lakhs | EMI Tenure: 48 months | EMI: ₹15,500
Ajay V
Pune
I had to finance home renovations, and RING’s Gold Loan EMI Calculator made the whole process so smooth! I played around with different loan amounts, interest rates, and tenures until I found the perfect EMI plan. The simplicity and transparency gave me confidence, and the whole process was over before I knew it. Now, I’m enjoying my renovated home, with no worries about loan repayments!"
Loan Amount: ₹2.5 Lakhs | EMI Tenure: 2 years | EMI: ₹11,750
Find the Right Personal Loan For You
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Personal Loan for Students
Invest in your future or your child's education with our flexible education loans. Cover tuition fees, buy study materials, or enrol in that special course without financial stress.
Personal Loan for Home Renovation
Give your home a makeover without breaking the bank. Whether it’s a new kitchen, a fresh coat of paint, or an extension, our loans make it possible.
Personal Loan for Weddings
Make your special day even more magical with our wedding loans. Plan the perfect wedding without worrying about the expenses, from the venue to the honeymoon.
Got Questions? Let's get to them.
What is a Gold Loan EMI Calculator and how does it work?
How do I calculate my gold loan EMI using RING's Gold Loan EMI Calculator?
To calculate your gold loan EMI, simply enter the loan amount you need, the applicable interest rate, and the repayment tenure you prefer. The Gold Loan EMI Calculator will instantly generate the monthly EMI based on your inputs. You can adjust the loan amount or tenure to find an EMI plan that works best for your financial situation.
How often can I use the Gold Loan EMI Calculator?
You can use RING’s Gold Loan EMI Calculator as many times as you like, and it's completely free! It’s designed to help you experiment with different loan amounts and repayment terms so that you can find the best plan that suits your financial needs.
Is the Gold Loan EMI Calculator accurate?
Yes! The Gold Loan EMI Calculator is highly accurate and provides real-time calculations based on the data you enter. It offers a clear estimate of your monthly repayments so you can plan your budget with confidence.
More Questions
