Your gold loan, explained.
A loan against your gold jewellery or coins, from a bank or an NBFC: what your gold was valued at, whether the loan is within RBI's limit, what each way of repaying costs, what a fall in the gold price means, and getting your gold back on time, worked out by code from your own pledge card.
Your loan, at a glance.
In rupees, from the documents.
On the samples: money you may be owed, could save, or have at risk. Each figure is a finding's own, with its calculation and source; options are never added together.
If gold falls, what happens?
Move the price fall, today's price, what's owed and the weight. RBI's limit is kept throughout the loan. Free, no sign-in.
Eight checks, one report.
Each one runs only when your documents support it, cites the line it used, and says what's still to confirm.
EMI, monthly interest or bullet?
The same loan, three ways: what each costs in interest, and what you pay each month and at the end.
On these figures, EMIs cost the least in interest. EMIs cost less because each one repays part of the loan; interest monthly and a bullet keep the whole amount borrowed until the end.
Rules, not search results.
RBI's rules for lending against gold, applied by the date of your loan. Myra never calls a figure wrong without saying which rule and which line of your documents it used.
| Area | What Myra checks on your loan |
|---|---|
| Loan-to-value | From 1 Apr 2026, for gold loans for personal use: at most 85% of the gold's value up to ₹2.5 lakh, 80% up to ₹5 lakh, 75% above, kept throughout the loan. Before that, 75%. |
| Valuation | 22-carat gold at the lower of the 30-day average and the previous day's price; lower purity scaled down; stones and other metals not counted; done in your presence. |
| Bullet loans | Repaid within 12 months; the interest due at the end counts towards the loan-to-value. |
| Renewal and top-up | Only within the loan-to-value limit at the gold's value then. |
| Getting your gold back | Within 7 working days of full repayment; after that the lender pays ₹5,000 for each day of delay. |
| Auction | Notice first; reserve price at least 90% of the gold's value (85% after two failed auctions); any surplus returned within 7 working days. |
| Complaints | Banks and NBFCs: the RBI Ombudsman, if the lender doesn't resolve it within 30 days. |
Questions borrowers actually ask.
Answered from your documents, with the line, the calculation and what's still unconfirmed. Drafts an email to the lender when one would help; you send it.
Interest monthly
Bullet loan
Auction notice
Know what your gold loan really costs.
Personal gold loans from banks and NBFCs. Gold metal loans, business gold loans and silver loans aren't covered. The samples use invented lenders.