Bullet — everything at maturity
- Total repayable at maturity
- —
- Of which interest
- —
Assumes simple interest — an editable assumption; lenders’ compounding and rests vary.
Your ornaments
Only the metal counts — RBI Para 18 excludes stones, gems and making charges from lending value. Enter gross weight and deduct the stone/other-metal estimate; pick the BIS IS 1417 hallmark purity.
| Item | Type | Purity | Gross g | Net g | Value | Remove |
|---|---|---|---|---|---|---|
| Total | 0 g | — | ||||
No items yet — add your first ornament above. The list stays in this browser only.
Reference rate — you type it
Your lawful ceiling
Maximum lawful consumption loan on this pledge
—
Add items and a rate to see the ceiling.
The ceiling is a negotiation maximum and legality check, not an entitlement — a lender may lawfully offer less. And because the tiers apply to your “total consumption loan amount per borrower” (Para 19), an existing gold loan with the lender can put you in a lower tier — your real ceiling may be lower than shown.
Check the branch’s offer
True cost — bullet vs EMI
EMI — paid down monthly
- Monthly EMI
- —
- Total repaid
- —
- Of which interest
- —
Closed-form annuity on a constant rate; no amortization table in v1 — totals and the monthly figure only.
Margin-call headroom
Para 20: the LTV cap must hold every day of the loan, not just at sanction. If the reference price falls far enough, your loan breaches the cap and the lender can demand top-up gold or part-payment.
Enter a pledge, rate and loan amount to see headroom.
Carry it into the branch
The pledge sheet lists your items, values, tier, ceiling and the bullet-vs-EMI comparison, with sources and the verified-on date — print it (or save as PDF from the print dialog) and take it along.
If the download didn’t start, the CSV was copied below — select and save it yourself.
The rules, clause by clause
Questions people actually ask
- What is the maximum gold loan a bank can legally give me?
- Under the RBI 2025 Directions — binding on banks, co-operative banks and NBFCs since 1 April 2026 — consumption gold loans are capped at 85% of collateral value where your total loan is up to ₹2.5 lakh, 80% above that up to ₹5 lakh, and 75% beyond ₹5 lakh. The tier is chosen by your total consumption loan amount per borrower. girvi computes the exact ceiling, including the two plateau zones where more gold does not raise it.
- Does girvi use live gold prices or send my ornament details anywhere?
- No. You type the 22K reference rate yourself, and the page’s Content-Security-Policy (
connect-src 'none') means the browser itself blocks every network call — the privacy claim is enforced, not promised. Your pledge list lives only in this browser’s localStorage. - Why did my bank offer less than the ceiling girvi shows?
- The ceiling is a legal maximum, not an entitlement — lenders may lawfully offer less. They also value at their own IBJA-based reference price on sanction day, and an existing gold loan can push your aggregate into a lower-LTV tier.
- Why is a bullet-repayment gold loan capped lower than an EMI loan?
- Because for bullet loans the RBI computes LTV on the total amount repayable at maturity — the interest counts against the cap — and bullet consumption loans are capped at a 12-month tenor.
What girvi honestly cannot tell you
- The ceiling is a legal maximum, not an offer — lenders may lawfully offer less. Use it as a negotiation ceiling and a legality check.
- Lenders value at their own IBJA-based reference price on sanction day; your typed rate is an estimate, so the ceiling shifts with it.
- The tiers apply to your total consumption loan amount per borrower — if you already hold a gold loan with the same lender, your real ceiling may be lower than shown here.
- Bullet interest is assumed simple; lenders’ compounding and rests vary. The assumption is labelled and the rate/tenure are editable.
- Covers consumption loans against gold ornaments and coins only — income-generation and agri gold loans follow different appraisal norms; silver is out of scope in v1.
- Rules verified on 2026-07-23; the RBI may amend the Directions. This is not financial advice and girvi never interprets beyond the cited published caps.