Gold Loan Eligibility Calculator: Find the Maximum Loan on Your Gold Weight
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The bangle weight is engraved on the old invoice; what it can borrow today is the missing number and walking into a branch already knowing it changes the whole conversation. A gold loan eligibility calculator supplies that number from just two inputs, the gold's weight in grams and its purity in carats, applying the day's gold rate and the RBI's loan-to-value caps to produce an estimate in seconds. The estimate is exactly that: the binding figure emerges only after a physical appraisal at the branch, where net weight and true purity are established in front of you. This page explains the formula behind the calculation step by step, the tiered LTV rules that replaced the old flat 75% cap, why net weight differs from the weight on your invoice, a ready-reference table across common weights and purities, and answers to the questions borrowers ask most before pledging a gold loan.
IIFL Gold Loan Eligibility Calculator
The calculator works from three inputs. First, the total weight of the ornaments in grams, as best you know it. Second, the purity, 18, 20, 22 or 24 carat, from the hallmark or the invoice. Third, the prevailing gold rate, which the tool applies automatically from the current benchmark. The output is an indicative eligible amount under the applicable LTV slab. Treat it as a planning figure: the sanctioned amount is confirmed at the branch after appraisal, where deductions for stones and the assayed purity replace your estimates with measurements, all recorded in your presence on an itemised certificate.
How Is Gold Loan Eligibility Calculated? The Formula Explained
One-line drives everything:
Eligible loan = Net gold weight (grams) × purity factor × benchmark gold rate per gram × applicable LTV.
Each variable earns a sentence. Net weight is the ornament minus everything that is not gold, stones, lac, enamel, attachments. The purity factor scales the benchmark, which under RBI valuation rules is referenced to 22-carat, so 18-carat gold counts proportionately less per gram. The benchmark rate is not the shop-window price but the regulated reference: the lower of the 30-day moving average and the preceding day's closing figure, as published by IBJA or a SEBI-recognised exchange. And the LTV is tiered by loan size, the important 2026 change explained below. Worked once: 20 grams of net 22-carat gold at around ₹13,190 a gram is worth about ₹2.64 lakh, and since the resulting loan stays within ₹2.5 lakh, the 85% slab applies, supporting an eligible amount near ₹2.24 lakh, subject to appraisal.
What Is the LTV Ratio for Gold Loans?
LTV is the share of the gold's assessed value a lender may advance, and since 1 April 2026 the cap is tiered by loan size under the RBI's lending directions, replacing the old flat 75%: 85% on loans that remain inside ₹2.5 lakh, 80% between ₹2.5 lakh and ₹5 lakh, and 75% past ₹5 lakh. Read it from the borrower's side: smaller loans stretch furthest, so gold worth ₹1,00,000 can support up to about ₹85,000 where the loan stays in the first slab. The tiers are regulatory ceilings; the actual offer follows the scheme chosen and prevailing terms.
Net Weight vs Gross Weight: Why It Matters
An 8-gram ring with a stone may carry only 6.5 grams of gold, and only those 6.5 grams earn a valuation; RBI rules are explicit that non-gold components are deducted and only the net metal counts. This single deduction explains nearly every gap between a calculator estimate, which usually receives the gross weight, and the branch figure, which measures the net. Stone-heavy and meenakari-heavy pieces show the widest gaps. The measurement itself happens transparently: at IIFL Finance the assay runs in front of the borrower, and the certificate itemises gross weight, deductions, net weight, purity and the resulting value, so the arithmetic is visible, not asserted.
Gold Loan Amount by Weight: Quick Reference Table
Indicative figures at mid-2026 benchmark rates (22K near ₹13,190 a gram, 24K near ₹14,400, 18K near ₹10,800), with the applicable LTV slab applied to the resulting loan size and amounts rounded:
|
Net weight |
18 carat |
22 carat |
24 carat |
|
5 g |
≈ ₹45,900 |
≈ ₹56,000 |
≈ ₹61,200 |
|
10 g |
≈ ₹91,800 |
≈ ₹1.12 lakh |
≈ ₹1.22 lakh |
|
20 g |
≈ ₹1.84 lakh |
≈ ₹2.24 lakh |
≈ ₹2.45 lakh |
|
30 g |
≈ ₹2.59 lakh |
≈ ₹3.17 lakh |
≈ ₹3.46 lakh |
|
50 g |
≈ ₹4.32 lakh |
≈ ₹4.9-5 lakh |
≈ ₹5.4 lakh |
Note: All figures are indicative. Actual amounts, fees, and eligibility criteria may vary depending on the lender, borrower profile, loan category, and applicable guidelines at the time of application.
Two footnotes keep the table honest. Gold rates move daily, so every cell moves with them; the smaller weights sit in the 85% slab while heavier pledges cross into 80% and 75%, which is why the amounts do not scale in a straight line. And 24-carat entries mostly describe coins: under RBI collateral rules, coins qualify only if bank-issued, 22 carat or finer, and within 50 grams, while bars and biscuits are ineligible whatever their purity.
How to Use the IIFL Gold Loan Eligibility Calculator
- Enter the total weight of the ornaments you plan to pledge, in grams.
- Select the purity, 18, 20, 22 or 24 carat, from the hallmark or invoice; for a mixed set, run each purity group separately and add the results rather than averaging.
- Read the indicative eligible amount, computed at the current benchmark rate and the applicable LTV slab.
- Carry the estimate to your nearest IIFL Finance branch, or begin the gold loan application online, and let the in-person appraisal convert the estimate into an offer.
The mixed-purity tip in step two matters more than it looks: a wedding set often combines 22-carat bangles with 18-carat stone-set pieces, and averaging the purities misstates both.
Conclusion
A gold loan eligibility calculator converts locker contents into a planning number before any branch visit: weight, purity, benchmark rate, tiered LTV, one multiplication. The estimate's honest limits are the ones this page has laid out, gross weight is not net weight, rates move daily, and the slab your loan lands in sets the percentage, which is precisely why the final figure belongs to the branch appraisal, conducted at IIFL Finance in the borrower's presence with every deduction itemised. Use the table above to shortlist which ornaments to carry, run the calculator on the day you actually go, and treat any gap between estimate and offer as the stones and the day's rate explaining themselves. When you are ready, you can explore an IIFL Finance gold loan, subject to eligibility, valuation and applicable terms. Figures on this page reflect mid-2026 benchmarks and are indicative; the sanctioned amount is always subject to appraisal, scheme terms and guidelines prevailing at application.
Frequently Asked Questions
How is gold loan eligibility calculated?
By one formula: net gold weight × purity factor × benchmark rate per gram × applicable LTV. The benchmark is the regulated reference price, the softer of the past month's average and yesterday's close, per IBJA or a recognised exchange, and the LTV is tiered: 85% within ₹2.5 lakh, 80% up to ₹5 lakh, and 75% above that. The calculator applies all of it automatically; the branch assay then fixes the net weight and purity the formula runs on.
How much loan can I get on 10 grams of gold?
At mid-2026 rates, 10 grams of net 22-carat gold carries a benchmark value near ₹1.32 lakh, and since a loan of that size sits in the 85% slab, the indicative eligible amount is around ₹1.12 lakh. The day's rate moves the figure, and stones reduce the net weight that counts, so run the calculator on the day you visit and expect the branch appraisal to set the final number. Higher purity per gram lifts the answer; 18-carat lowers it.
Does gold purity affect the loan amount?
Directly, and about as much as weight does. Valuation is referenced to 22-carat, with other purities converted proportionately, so 10 grams of 18-carat gold is worth roughly 82% of the same weight in 22-carat, and the loan shrinks with it. This is why a small high-purity piece can out-borrow a heavier low-purity one, a point the "more grams, more loan" instinct misses. Check hallmarks before choosing what to pledge, and run mixed purity sets through the calculator separately by carat.
Are stones and diamonds in my jewellery included in the gold weight?
No. Only net gold content earns valuation; RBI rules require stones, enamel, lac and other non-gold components to be deducted from gross weight during assay. A 12-gram stone-set pendant may hold 9 grams of gold, and 9 is the number the formula receives, which is the usual explanation when a branch offer lands below a calculator estimate fed the gross weight. The deductions are itemised on the assay certificate at IIFL Finance, so each subtraction is visible to you.
Is the calculator result the final loan amount I will receive?
No, it is a planning estimate. The binding figure follows the branch appraisal, where measured net weight and assayed purity replace your inputs, the day's benchmark rate replaces the one the calculator used, and the scheme's terms apply. At IIFL Finance the appraisal is carried out in front of the borrower, with every deduction itemised on the certificate, so any difference from the estimate is traceable line by line. Expect the gap to come from stones and rate movement, and to be explainable, not arbitrary.
What documents do I need to apply for a gold loan at IIFL?
Basic KYC and the gold itself: a government-issued photo identity document such as Aadhaar, PAN, passport or voter ID, alongside the ornaments to be pledged. For gold loans up to ₹2.5 lakh, the RBI's 2025 gold lending directions do not mandate a detailed income assessment or credit appraisal, though lenders may still request documents under their own policies. Carrying the original purchase invoices is optional but useful, since they support ownership and state the purity the assay will verify, smoothing the appraisal conversation.
Disclaimer : The information in this blog is for general purposes only and may change without notice. It does not constitute legal, tax, or financial advice. Readers should seek professional guidance and make decisions at their own discretion. IIFL Finance is not liable for any reliance on this content. Read more
