A calculation of the amount of loan you can get against your gold jewelry is given by the Manappuram gold loan. You’ll get the loan on the basis of the purity and gold price of the jewelry balanced for the loan to the valuation ratio.
As per the current gold rates, Manappuram is providing a gold loan of 2,640 per gram to 3,226 per gram. For 22-carat jewelry measured at a maximum LTV of 75 percent, the highest Manappuram gold loan cost per gram today is about 3,226, and the average gold loan rates for the past 30 days in 2020 are about 4,780 for 22-carat jewelry calculated at a maximum LTV of 75 percent.
The Manappuram Gold Loan Calculator provides you with an estimation of the amount of gold loan you can use based on the following variables.
- Purity and net weight of gold used in jewelry: the bank will use its in-house valuer to determine the purity and net weight of gold in the jewelry. The gold used in jewelry should be 18 to 24 carats in purity. Manappuram would also reduce the weight of jewelry diamonds and stones to measure the net weight of the jewelry. The valuer shall apply his results in writing.
- Gold price: After the valuer measures the purity and net weight of gold in your jewelry, Manappuram can measure the value of gold by combining it with the price of gold. RBI ordered banks to add an average price of 22-carat gold corrected for gold purity over the past 30 days. Therefore if the gold is 20-carat pure, Manappuram will add an average of 22-carat gold compounded by a factor of 20/22 for 30 days to change the gold value. At MyLoanCare, you can also search today’s gold rate
- Loan to Value Ratio: Once the value of jewelry is determined, to calculate your jewel loan amount eligibility, Manappuram will apply an LTV of up to 75 percent. Manappuram will give you a lower interest rate if you are willing to take away a loan amount lower than your maximum LTV.
Call Dialabank (9878981144) to get Manappuram Bank Gold Loan, With ease.