Enter the current maximum amount Sampath Bank offers per Sovereign (8g) of 22k gold.
1 Month
3 Months
6 Months
12 Months (1 Year)
Total Gold Weight (Sovereigns):0.00
Maximum Loan Amount (Advance):LKR 0.00
Monthly Interest:LKR 0.00
Total Interest for Period:LKR 0.00
Estimated Redemption Amount:LKR 0.00
Understanding Sampath Bank Gold Pawning Rates for 22k Gold
Gold pawning remains one of the quickest methods to secure immediate cash facilities in Sri Lanka. Sampath Bank, known for its customer-friendly "Ranwo" pawning services, offers competitive advance rates specifically for 22-karat gold jewelry. This calculator is designed to help you estimate your borrowing capacity based on the weight of your jewelry and current market variables.
How the Advance Amount is Calculated
Unlike personal loans based on credit scores, a gold loan is a secured facility determined strictly by the value of the pledged asset. For 22k gold (which is the standard purity for most Sri Lankan jewelry), the bank sets a "Advance Rate per Sovereign."
Unit of Measure: While gold is weighed in grams, the banking advance rate is often quoted per "Sovereign" (Pawn). One Sovereign equals exactly 8 grams.
Valuation: The bank assesses the gold to ensure it is 22k. Stones, gems, and other non-gold weight are deducted to find the net weight.
Calculation Formula: (Net Weight in Grams / 8) × Advance Rate per Sovereign = Maximum Loan Amount.
Current Market Trends & Interest Rates
The "Maximum Advance Amount" fluctuates with the global gold price and the local exchange rate of the Sri Lankan Rupee (LKR). When gold prices rise, the bank typically increases the amount they are willing to lend per sovereign.
Interest rates for pawning are generally lower than credit cards but higher than housing loans. They are calculated on the outstanding principal. Sampath Bank typically offers flexible redemption periods ranging from 1 month up to 1 year.
Using the Calculator
To get the most accurate estimate:
Select Unit: Choose whether you are entering the weight in Grams or Sovereigns.
Enter Weight: Input the net weight of your gold (excluding stone weight).
Update Advance Rate: Enter the current maximum advance rate offered by the bank per sovereign (e.g., LKR 160,000). You can check the latest rate by contacting a branch or checking their official daily notices.
Interest Rate: Input the applicable annual interest rate.
Disclaimer: This tool provides an estimation based on the values entered. Actual bank valuation involves strict assaying of gold purity, and rates are subject to change without notice by Sampath Bank.
function toggleUnitLabel() {
var unitRadios = document.getElementsByName('unit');
var selectedUnit = 'grams';
for (var i = 0; i < unitRadios.length; i++) {
if (unitRadios[i].checked) {
selectedUnit = unitRadios[i].value;
break;
}
}
var label = document.getElementById('weightLabel');
if (selectedUnit === 'grams') {
label.innerText = 'Weight of 22k Gold (Grams):';
document.getElementById('goldWeight').placeholder = 'e.g., 8';
} else {
label.innerText = 'Weight of 22k Gold (Sovereigns/Pawn):';
document.getElementById('goldWeight').placeholder = 'e.g., 1';
}
}
function calculatePawning() {
// 1. Get Input Values
var weightInput = document.getElementById('goldWeight').value;
var advanceRatePerSov = document.getElementById('advanceRate').value;
var interestRateAnnual = document.getElementById('interestRate').value;
var months = document.getElementById('loanPeriod').value;
// 2. Validate Inputs
if (weightInput === "" || isNaN(weightInput) || weightInput <= 0) {
alert("Please enter a valid gold weight.");
return;
}
if (advanceRatePerSov === "" || isNaN(advanceRatePerSov) || advanceRatePerSov <= 0) {
alert("Please enter a valid advance rate per sovereign.");
return;
}
if (interestRateAnnual === "" || isNaN(interestRateAnnual)) {
alert("Please enter a valid interest rate.");
return;
}
// 3. Determine Weight in Sovereigns
var weightInSovereigns = 0;
var unitRadios = document.getElementsByName('unit');
var selectedUnit = 'grams';
for (var i = 0; i < unitRadios.length; i++) {
if (unitRadios[i].checked) {
selectedUnit = unitRadios[i].value;
break;
}
}
var weightVal = parseFloat(weightInput);
if (selectedUnit === 'grams') {
// 1 Sovereign = 8 Grams
weightInSovereigns = weightVal / 8;
} else {
weightInSovereigns = weightVal;
}
// 4. Calculate Loan Details
var ratePerSov = parseFloat(advanceRatePerSov);
var annualRate = parseFloat(interestRateAnnual);
var durationMonths = parseInt(months);
// Maximum Loan Amount (Advance)
var loanAmount = weightInSovereigns * ratePerSov;
// Interest Calculations
// Monthly Interest = (Principal * AnnualRate%) / 12
var monthlyInterest = (loanAmount * (annualRate / 100)) / 12;
// Total Interest for the selected period
var totalInterest = monthlyInterest * durationMonths;
// Redemption Amount (Principal + Total Interest)
var redemptionAmount = loanAmount + totalInterest;
// 5. Display Results
document.getElementById('resSovereigns').innerText = weightInSovereigns.toFixed(4);
// Format Currency as LKR
var formatter = new Intl.NumberFormat('en-LK', {
style: 'currency',
currency: 'LKR',
minimumFractionDigits: 2
});
document.getElementById('resLoanAmount').innerText = formatter.format(loanAmount);
document.getElementById('resMonthlyInterest').innerText = formatter.format(monthlyInterest);
document.getElementById('resTotalInterest').innerText = formatter.format(totalInterest);
document.getElementById('resRedemption').innerText = formatter.format(redemptionAmount);
// Show results container
document.getElementById('results').style.display = 'block';
}