Aditya Birla Agriculture Gold Loan

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    Aditya Birla Agriculture Gold Loan

    Aditya Birla Agriculture Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

    Aditya Birla Agriculture Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 2,900 to ₹ 3,450
    Eligible Age 18 to 75 years
    Loan Amount Eligibility Rs. 1,000 to Rs. 2 Cr
    Documents Required Primary 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 number of gold loans you can use based on the following factors: 

    • Aditya Birla Agriculture Gold LoanGold purity and net jewellery weight: The bank will use its internal appraiser to assess the purity and net worth— The jewellery’s importance. 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. 
    • 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.
    • 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.

    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 ₹ 2,900 to ₹ 3,450. 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 Aug 08 2022

    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 1965 - 2022
    Year Price (24 karat per 10 grams) Year Price (24 karat per 10 grams)
    2022 ₹ 52,950 1993 ₹ 4,140
    2021 ₹ 50,045 1992 ₹ 4,334
    2020 ₹ 48,651 1991 ₹ 3,466
    2019 ₹ 35,220 1990 ₹ 3,200
    2018 ₹ 31,438 1989 ₹ 3,140
    2017 ₹ 29,667 1988 ₹ 3,130
    2016 ₹ 28,623 1987 ₹ 2,570
    2015 ₹ 26,343 1986 ₹ 2,140
    2014 ₹ 28,006 1985 ₹ 2,130
    2013 ₹ 29,600 1984 ₹ 1,970
    2012 ₹ 31,050 1983 ₹ 1,800
    2011 ₹ 26,400 1982 ₹ 1,645
    2010 ₹ 18,500 1981 ₹ 1,800
    2009 ₹ 14,500 1980 ₹ 1,330
    2008 ₹ 12,500 1979 ₹ 937
    2007 ₹ 10,800 1978 ₹ 685
    2006 ₹ 8,400 1977 ₹ 486
    2005 ₹ 7,000 1976 ₹ 432
    2004 ₹ 5,850 1975 ₹ 540
    2003 ₹ 5,600 1974 ₹ 506
    2002 ₹ 4,990 1973 ₹ 279
    2001 ₹ 4,300 1972 ₹ 202
    2000 ₹ 4,400 1971 ₹ 193
    1999 ₹ 4,234 1970 ₹ 184
    1998 ₹ 4,045 1969 ₹ 176
    1997 ₹ 4,725 1968 ₹ 162
    1996 ₹ 5,160 1967 ₹ 103
    1995 ₹ 4,680 1966 ₹ 84
    1994 ₹ 4,598 1965 ₹ 72

    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.
    • Each gram of gold loan 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 decrease, 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 @ 0.49%*

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    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, own varying amounts of gold of varying purity. Aditya has 70 grams of gold with an 18-carat purity. Bhawani has 60 grams of 20-carat gold, and Chhaya has 50 grams 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.

    Aditya Birla Agriculture Gold Loan FAQs

    What is the interest rate for Aditya Birla agriculture gold loan?

    Aditya Birla Agricultural Gold Loans start at an interest rate of 7% per annum. For Aditya Birla Agricultural Gold Loan, you need agricultural land and cultivation along with the basic documents such as an Aadhaar Card/PAN Card.

    What is Aditya Birla Agri gold loan?

    Aditya Birla Agri Gold Loan is a loan against gold, particularly for farmers, that are available for agricultural purposes. The loan amount disbursed under the Aditya Birla Agri gold loan can only be used for agricultural and allied activities. One has to present the proof of agricultural land and cultivation along with the basic documents required for the Aditya Birla Agri Gold Loan.

     How to pay Aditya Birla Agriculture Gold Loan Online?

    You have an option to pay Aditya Birla Agriculture online through online repayment applications.

    Read More: Best Methods of Repaying Gold Loan