How is the ‘loan through ornament details’ different from the ‘required loan amount’ option?

Here, the loan calculator allows you to find out the loan amount you will be getting against your gold. You have to enter the details asked regarding the ornaments (type, purity, etc.) and the loan amount that will be sanctioned based on the jewellery will be calculated.

For example, if you have 200 grams of gold, based on the gold purity, the loan calculator will evaluate the net weight of the gold in grams, and the loan amount that you can avail will be shown.

What is the ‘required loan amount’ option?

This option of the gold loan calculator helps you in finding out how much gold/jewellery you will require for the loan. All you need to do is enter the required loan amount and gold purity, and the necessary information regarding the net weight of the gold will be shown to you.

For example, if you require a loan of ₹ 15 lacs, the gold loan calculator will evaluate the net weight of your gold (in grams) which is required to avail the required loan amount.

Is the loan calculator available in the ‘Loan@Home’ mobile app?

Yes, the ‘Loan@Home’ mobile app has the Loan Calculator feature to help you calculate your loan eligibility from anywhere. The working of the calculator remains the same*. All you have to do is download the app from the Play Store (Android) or App Store (iOS) and use it at your convenience.

*Please refer to the ‘working of the loan calculator’ section to see the steps to be followed.