Gold Loan on 150 Gram Gold: How Much Loan Can Be Availed in 2026?

The combination of the set of bangles, the chain, and the pair of earrings usually comes up to 150 grams in an Indian house, and that's when the question becomes relevant. The value of the gold loan for 150 grams of gold of 22 carats, at the benchmark rate of ₹14,180 per gram, comes up to ₹21.27 lakh, with the loan of ₹15.95 lakh at the cap of 75%, based on the value of the loan. Two variables move that figure: the assessed purity of the ornaments and which LTV slab the borrowing falls into under the RBI (Lending Against Gold and Silver Collateral) Directions, 2025, implemented by regulated lenders from April 2026. What follows works through the calculation, publishes a purity table for exactly 150 grams, explains how the form of the gold changes net weight, and sets out the charges and repayment costs at this ticket size.

Step-by-Step Calculation: Loan Amount on 150 Grams of Gold

The method is prescribed rather than improvised, which makes a reasonable estimate possible before setting foot in a branch. Four steps get there.

1. The ornaments are weighed and the lender's valuer deducts stones, lac filling, enamel and non-gold fittings to establish net weight.
2. Purity is tested, and the reference price corresponding to that assessed purity is applied. Where no published price exists for the exact purity, the nearest available purity price is used and the weight adjusted in proportion.
3. Net metal content meets the reference rate, being the lower of the 30-day average and the previous day's close published by IBJA or a SEBI-recognised exchange.
4. The LTV percentage applicable to the loan size is applied to that assessed value.

Do the math on a fresh pledge of 150 grams of 22 carat ornaments having little stone value. The evaluated value works out to roughly ₹21,27,000 with the rate being ₹14,180 per gram, the loan amount exceeds ₹5 lakhs, hence the rate applicable will be that of 75%, and the total loan amount will come out to be ₹15,95,250. The rate given here is for indicative purpose and varies daily..

Purity-Weight Table: Loan Range for 150 Grams at 18, 22, and 24 Carat

Note: Figures are for illustration purposes only. All amounts, charges, coverages, and qualifications will vary based on the individual lending institution, borrower profile, loan type, and current guidelines at the time of application.

Gold below 18 carat is generally not accepted as collateral, and IIFL Finance ordinarily accepts jewellery in the 18 to 22 karat range, subject to assessment. The 24 carat row carries a practical limit too. At that fineness the metal is almost always a coin or a bar, and the Directions admit only bank-sold coins of 22 carat and above, to a ceiling of 50 grams per borrower.

How the LTV Cap Limits the Maximum Loan on 150 Grams

The Directions replaced the earlier flat 75% ceiling with a tiered structure that turns on loan size rather than collateral size. Loans up to ₹2.5 lakh are permitted up to 85% of assessed value. Above that and up to ₹5 lakh, the ceiling is 80%. Beyond ₹5 lakh it settles at 75%. A 150 gram pledge at 22 carat ordinarily produces a borrowing inside the top band, so 75% is the operative number, and no regulated lender may exceed it regardless of how the request is framed.

There is a corollary worth holding on to. A household needing only ₹2 lakh would pledge a fraction of the same 150 grams and draw at 85%, receiving proportionally more per gram than one borrowing ₹16 lakh against the whole lot. Internal caps set below the regulatory ceiling are common, and the ratio is monitored across the tenure rather than merely tested at sanction.

How the Form of the 150 Grams Affects Net Weight

Form matters more than most borrowers expect. Ornaments are assessed net of everything that is not gold, which on an ornate set can mean a deduction of 8 to 15 grams depending on the pieces. A gross weight of 150 grams may therefore be assessed at 135 to 142 grams, and at an illustrative ₹14,180 per gram every gram deducted takes roughly ₹10,600 off the eligible loan.

Coins are treated separately. Only bank-sold coins of 22 carat or above are eligible, capped at 50 grams per borrower, so coins alone cannot carry a 150 gram pledge. Bars, bullion, biscuits, utensils, gold ETFs and digital gold are not accepted at all. A BIS hallmark, carrying the BIS logo, the fineness mark and a six-digit alphanumeric HUID, assists the assessment, though the lender's valuer conducts an independent purity check in the borrower's presence.

Repayment Options and Total Cost on a 150 Gram Gold Loan

At around ₹16 lakh, the choice of repayment structure shows up plainly in the total interest paid. The comparison below uses an illustrative rate of 12% per annum on a loan of ₹15.95 lakh.

Note: These are only estimates. Real figures could differ based on the following factors: lending organization, individual, type of loan applied for, and rules in place at the time of application.

The total is lower in the bullet method since it covers only half the time frame, while according to the Directions, the bullet repayment of consumption loans cannot be over twelve months. EMI carries a heavier monthly commitment but reduces the principal from the first instalment. An overdraft arrangement fits a business drawing in irregular tranches, subject to product terms and lender policy.

Charges Applicable on a 150 Gram Gold Loan

Interest is only part of the cost. A processing fee, commonly 0.1% to 1% of the sanctioned amount, may apply at the outset, which on a ₹16 lakh loan at 0.5% comes to about ₹8,000. A valuation charge may be levied as a fixed amount or per gram, some lenders levy a charge for safe custody, and foreclosure charges may apply depending on the product. The 2025 prohibition on foreclosure charges covers floating-rate business loans to micro and small enterprises, not consumption loans against gold. All applicable charges, including those relating to purity checks and auction, are set out in the loan agreement and the Key Fact Statement.

IIFL Finance and a 150 Gram Gold Loan Application

IIFL Finance may offer a gold loan in a given location, subject to product availability, borrower eligibility, collateral assessment and prevailing regulatory requirements. Ornaments are weighed and tested in the customer's presence, a certificate itemising purity, gross and net weight, deductions and value is issued, and the pledge is held in safe custody. An indicative figure may be worked out beforehand using the IIFL Finance Gold Loan Calculator. Unlike a sale transaction, a loan against eligible gold collateral generally allows the borrower to retain ownership, subject to repayment and the lender's applicable terms and conditions. Pledged ornaments are released within seven working days of full repayment, with compensation of ₹5,000 for each day of delay attributable to the lender.

Conclusion

For instance, at ₹14,180 per gram, a 150-gram quantity of 22 carats jewelry can have a loan of around ₹15.95 lakh, reducing to ₹13.06 lakh for 18 carats. Stone deductions, the daily reference rate and the 75% slab set the final number, and only physical assessment confirms it. Charges and repayment structure feed into the same outcome, since the gap between a six-month bullet arrangement and a twelve-month EMI plan is visible in rupees. Valuation procedures, disclosures, and collateral handling are carried out in accordance with applicable policies and regulations.

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