Gold Loan Calculator

An online Gold Loan EMI Calculator to find the monthly payment for your loan amount. Gold loans had less appeal in 1990's, as mining companies were offered other increasing sophisticated financial instruments, such as forwards and options, by the bullion banks. The interest rate will vary across banks and NBFCs (Non-Banking Financial Company). This Gold Loan Calculator helps you to find the EMI for your gold loan for all banks and NBFC's.

Gold Loan EMI Calculator

Rs
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An online Gold Loan EMI Calculator to find the monthly payment for your loan amount. Gold loans had less appeal in 1990's, as mining companies were offered other increasing sophisticated financial instruments, such as forwards and options, by the bullion banks. The interest rate will vary across banks and NBFCs (Non-Banking Financial Company). This Gold Loan Calculator helps you to find the EMI for your gold loan for all banks and NBFC's.

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Formula:

Gold Loan EMI = ( P x r x (1+r)^n ) / ((1+r)^n - 1) Where, P = Loan Amount R = Interest Rate N = Number of Years

This type of gold loans are also termed as short term loans. Banks and NBFCs permit repayments through EMI.


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