Jewel Loan Calculator
See exactly how interest on your gold loan builds up — day by day and month by month — until the date you plan to close it.
Estimate eligible loan amount
Optional — based on your gold's weight, rate per gram, and the lender's loan-to-value limit.
Gold value
1,20,000
Estimated eligible loan
90,000
Jewel and gold loans typically charge simple interest, calculated day by day on the principal you borrowed, rather than compounding month over month. This calculator lays out exactly how that interest accumulates — a month-by-month and, within each month, a day-by-day breakdown — so you can see the payable amount at any point between the loan date and today, not just the final total.
It also estimates your eligible loan amount from the weight, purity and current rate of your gold, using the loan-to-value ratio a lender would typically apply, so you know roughly what you could borrow before you ever walk into a branch.
Read the full guide: How EMI Is Actually Calculated, With a Worked Example →
Frequently asked questions
- Why does the interest breakdown go day by day within each month?
- Simple interest on a jewel loan accrues daily, so a partial month at the start or end of the loan period is charged only for the days it actually covers rather than being rounded up to a full month. The day-wise view makes that partial-month interest visible instead of hiding it in a single monthly figure.
- What loan-to-value ratio does the eligibility estimate use?
- It applies a typical LTV percentage against the gold's calculated market value at the purity and weight you enter. Actual lenders set their own LTV limits and can vary it by regulation or internal policy, so treat this as an estimate to compare against a real quote, not a guaranteed sanction amount.
- Does this account for processing fees or valuation charges?
- No — it calculates pure principal-and-interest on the loan amount you enter. Lenders often add a processing fee, appraisal charge, or insurance on top, so add those separately when comparing real offers.
- Is simple interest cheaper than compound interest on the same rate?
- Yes, for the same nominal rate, simple interest always accrues less total interest than compound interest over time, because it's calculated only on the original principal rather than on principal plus previously accrued interest.