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Aditya Birla Agriculture Gold Loan

Aditya Birla Agriculture Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

Aditya Birla Agriculture Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
Eligible Age 18 to 75 years
Loan Amount Eligibility Rs. 1,000 to Rs. 2 Cr
Documents Required Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required.
Purity of Gold 18 carat to 22 carat
Type of Gold Gold jewellery and gold coins of 18-24 carats
Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

Aditya Birla Agriculture Gold Loan Per Gram Gold Loan Calculator

The Dialabank Gold Loan Calculator can provide you with an estimate of the amount of gold loans you can use based on the following factors: 

  • Gold purity and net jewellery weight: The bank will use its internal appraiser to assess the purity and net worth— The importance of the jewellery. The gold used in jewellery must be between 18 to 24 carats of pure gold. Aditya Birla Finance will also reduce the weight of gems in the jewellery to calculate the net weight of the jewellery. The appraiser will complete the writing. 
  • Gold Price: After the appraiser has estimated the purity and net weight of the gold in the jewellery, Aditya Birla Finance can calculate the value of gold by multiplying the gold by the gold price. The Reserve Bank of India instructed the bank to take an average gold cost of 22 karats over the past 30 days and adjust it based on the purity of the gold. Therefore, if the gold is 20 karats pure gold, Aditya Birla Finance will change the value of the gold by multiplying the average price of 20 karats over 30 days by 20/22. You can also check today’s gold exchange rate on Dialabank.com
  • Loan-to-Value Ratio: After calculating the value of the jewellery, Aditya Birla Finance will use up to 75% of the LTV to calculate eligibility for the jewellery loan amount. If you are willing to borrow at a price lower than the higher LTV, Aditya Birla Finance can offer you a lower interest rate.

Aditya Birla Agriculture Gold Loan Eligibility

Particulars Details
Minimum Age of the Applicant 18 years
Maximum Age of the Applicant 60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income Rs. 100000 net annual income. for salaried individuals,

and Net profit Rs. 60000 p.m. for Self – Employed individuals

Car Model Any approved car model
Type of Employment Salaried or self-employed
Country or Place of Residence India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence A minimum of 1 year

Documents Required for Aditya Birla Agriculture Gold Loan

Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID
Residence Proof  Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
Agriculture Proof ( only if applicable) Agriculture Land Ownership Proof

 

Aditya Birla Agriculture Gold Loan Rate Per Gram by Gold Purity

The table below estimates the gold loan per gram that Aditya Birla would offer against various purity levels of gold jewellery at a maximum LTV of 75% and a lower LTV of 65%.

Gold Purity Gold Rate Per Gram- Average Of Past 30 Days Highest Gold Loan Per Gram Lowest Gold Loan Per Gram
22 carat ₹ 4,620 ₹ 4,999 ₹ 4,956
20 carat ₹ 3,939 ₹ 4,178 ₹ 3,795
18 carat ₹ 3,545 ₹ 3,784 ₹ 3,460

The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.

  • Gold loan per gram offer for 22-carat jewelry will be between ₹ 4,620 to ₹ 4,956
  • Gold loan per gram offer for 20-carat jewelry will be between ₹ 3,795 to ₹ 4,178
  • Gold loan per gram offer for 18-carat jewelry will be between ₹ 3,460 to ₹ 3,784

Aditya Birla Gold Loan Rates Per Gram

For Aditya Birla loans, the current interest rate per gram is ₹ 3,506 to ₹ 4,621. The LTV of 22 karat gold jewellery is estimated to be 75%. The price of gold fluctuates on a daily basis based on loans per gram.

Updated - Gold Loan Per Gram Rate w.e.f Jun 24 2021

Gold Weight Gold Purity
24 Carat
Gold Purity
22 Carat
Gold Purity
20 Carat
Gold Purity
18 Carat
1 gram 4621 4290 3900 3510
10 gram 46210 42900 39000 35100
20 gram 93600 85800 78000 70200
30 gram 140400 128700 117000 105300
40 gram 187200 171600 156000 140400
50 gram 234000 214500 195000 175500
100 gram 468000 429000 390000 351000
200 gram 936000 858000 780000 702000
300 gram 1404000 1287000 1170000 1053000
400 gram 1872000 1716000 1560000 1404000
500 gram 2340000 2145000 1950000 1755000

Historical Gold Loan Rates Per Gram

Except for a few lows between some years, the table shows that the gold price trend has historically been on the rise, lending credence to the argument that gold is a safe investment over long periods of time.

This Table Contains the Average Annual Gold Rate from 1964 - 2021
Year Price (24 karat per 10 grams) Year Price (24 karat per 10 grams)
1964 ₹ 63.25 1993 ₹ 4,140.00
1965 ₹ 71.75 1994 ₹ 4,598.00
1966 ₹ 83.75 1995 ₹ 4,680.00
1967 ₹ 102.50 1996 ₹ 5,160.00
1968 ₹ 162.00 1997 ₹ 4,725.00
1969 ₹ 176.00 1998 ₹ 4,045.00
1970 ₹ 184.00 1999 ₹ 4,234.00
1971 ₹ 193.00 2000 ₹ 4,400.00
1972 ₹ 202.00 2001 ₹ 4,300.00
1973 ₹ 278.50 2002 ₹ 4,990.00
1974 ₹ 506.00 2003 ₹ 5,600.00
1975 ₹ 540.00 2004 ₹ 5,850.00
1976 ₹ 432.00 2005 ₹ 7,000.00
1977 ₹ 486.00 2006 ₹ 8,400.00
1978 ₹ 685.00 2007 ₹ 10,800.00
1979 ₹ 937.00 2008 ₹ 12,500.00
1980 ₹ 1,330.00 2009 ₹ 14,500.00
1981 ₹ 1,800.00 2010 ₹ 18,500.00
1982 ₹ 1,645.00 2011 ₹ 26,400.00
1983 ₹ 1,800.00 2012 ₹ 31,050.00
1984 ₹ 1,970.00 2013 ₹ 29,600.00
1985 ₹ 2,130.00 2014 ₹ 28,006.50
1986 ₹ 2,140.00 2015 ₹ 26,343.50
1987 ₹ 2,570.00 2016 ₹ 28,623.50
1988 ₹ 3,130.00 2017 ₹ 29,667.50
1989 ₹ 3,140.00 2018 ₹ 31,438.00
1990 ₹ 3,200.00 2019 ₹ 35,220.00
1991 ₹ 3,466.00 2020 ₹ 48,651.00
1992 ₹ 4,334.00 2021 ₹ 50,045.00

Major Banks Gold Loan Per Gram Rate Comparison
Feature
HDFC Bank
ICICI Bank
Muthoot Finance
Interest Rate
9.90%
10.50%
12%
Min Loan Amt
Metro : 25000, Non : 15000
25000
15000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
3 months to 24 months
9 months to 24 months
1 month to 24 months
Processing Fee
0.25% to 1.50% of the Loan Amt
0.25% to 1.50%
Nil
Preclosure Chgs
2%, Nil foreclosure charges after 3 months
2%, Nil foreclosure charges after 9 months
Nil
Overdraft Facility
Yes
Yes
Yes
Pay Only Interest Facility
Yes
Yes
Yes
Gold Rate Per Gram
2500
2600
2700*

Tips for obtaining the highest Aditya Birla Gold Loan Amount

  • Aditya Birla accepts both marked and unmarked jewellery for gold loans. If you own one-of-a-kind jewellery, Aditya Birla will give you the highest gold loan per gram because the appraiser is unlikely to undervalue your benefits. Furthermore, some financial institutions charge lower transaction fees for gold-plated jewellery.Aditya Birla Agriculture Gold Loan
  • Each gram of gold loans obtained from Aditya Birla constitutes purity at the price of 22 carats of gold. As a result, if you want to borrow the most gold money, you can do so from higher-purity jewellery when you need it.
  • Aditya Birla will determine the gold loan you should bear based on the net weight of the jewellery per gram. Choose jewellery with a few gems as possible. The weight of gemstones and rocks is usually deducted from the total weight of the jewellery by most banks. The net weight will be determined by Aditya Birla’s gold appraiser’s analysis. As more diamonds and gemstones are added to a piece of jewellery, the overall weight and value of that piece of jewellery decreases, allowing you to qualify for a lower gold loan.
  • In the gold sector, the standard strategy is to aim for the highest LTV. When calculating your eligible gold loan amount, the Reserve Bank of India has authorised Aditya Birla to charge up to 75% of the LTV.


gold loan

Illustration:

The loan amount is determined by the purity of the gold, the LTV, and the weight of the gold.

Assume Aditya and his two friends, Bhawani and Chhaya, each own varying amounts of gold of varying purity. Aditya has 70 gram of gold with an 18-carat purity. Bhawani has 60 gram of 20-carat gold, and Chhaya has 50 gram of 22-carat gold. They approach Aditya Birla Finance to obtain a gold loan.

The price used to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary depending on the purity of gold, resulting in varying gold loan eligibility.

Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
Aditya 70 18 Rs 2.60 Lakh
Bhawani 60 20 Rs 2.48 Lakh
Chhaya 50 22 Rs 2.27 Lakh

As shown in the illustration above, Aditya Birla will provide Chhaya with the lowest gold loan rate of 2.27 Lakh because she has the smallest gold weight of 50gm.
In the same example, Aditya Birla will offer Aditya the highest gold loan amount of Rs 2.60 Lakh because he has the most gold weight.

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