Gold loans are a type of secured loan provided by IOB (Indian Overseas Bank) against gold ornaments and jewellery, submitted as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. 

Also Read: Leading Gold Loans in the Market

IOB has different types of gold loan to suit specific customer needs. 

IOB Gold Loans Snapshot

Loan Amount

Up To Rs.25 Lakhs

Interest Rates

Starting from 7.05%

Repayment Tenures

12 months to 3 years based on the loan type


IOB Gold Loan EMI Calculator

With the help of an online EMI calculator, you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

An EMI calculator asks you for the amount you need and the interest rate and then you can calculate how much interest you would have to pay. EMI is usually calculated taking the interest for instance let it be 11.50% for a tenure of 2 years and the loan amount be Rs.2 Lakhs. The total EMI to be paid every month will be Rs.9,368 approximately.