Gold loans remain central to many jewellery businesses: customers pledge ornaments; you extend principal against weight and purity, then charge interest (byaj) over an agreed tenure. Getting interest right—simple or compound, monthly or daily—is essential for margin and trust.

This page focuses on interest estimation for typical Indian shop practices. Use the calculator to toggle modes that match how you quote rates, then compare scenarios before recording the loan in your ledger.

Jewellers across states use different conventions for “monthly rate,” calendar vs business days, and rounding to the rupee. Our tool gives a strong baseline; align decimals and rules with your shop’s written policy.

When you are ready to scale beyond one-off calculations, ByajBazaar lets you store customers, open loans, track dues, and generate reports—so the same interest logic supports your entire book.