Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram

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Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram

Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram is ₹ 2,900 to ₹ 3,450

Andhra Pradesh Grameena Vikas Bank 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 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 jewelry and gold coins of 18-24 carats
Loan To Value 25% of the gold ornament’s market value

The Andhra Pradesh Grameena Vikas Bank Gold Loan is help offered by the bank that licenses customers to use the gold they own to apply for a gold credit to meet their money-related prerequisites. The Andhra Pradesh Grameena Vikas Bank appreciates various advantages similarly as a low credit expense.

Andhra Pradesh Grameena Vikas Bank Gold Loan Gold Loan Calculator 

  • Andhra Pradesh Grameena Vikas Bank Pension LoanAndhra Pradesh Grameena Vikas Bank Gold Loan will amass the perfection and netload of gold in your enhancements by the expense of gold to pick its worth. The Reserve Bank of India has actuated Indian banks to use the 30-day normal expense of 22-carat gold, accustomed to goodness. Andhra Pradesh Grameena Vikas Bank Gold Loan can change the value of gold in the event that it is 20-carat ethics by using the 30-day standard of 22-carat gold reached out by a factor of 20/22. Andhra Pradesh Grameena Vikas Bank Gold Loan will change the value of gold on the off chance that it is 20-carat upstanding. You can likewise demand the latest gold rate at Dialabank.                                                                             
  • Credit to Value Ratio: After picking the value of your pearls, Andhra Pradesh Grameena Vikas Bank Gold Loan will use an LTV of up to 75% to pick your ability for valuable stone turn of events. Andhra Pradesh Grameena Vikas Bank will give you a lower financing cost on the off chance that you can take an improvement all out that isn’t generally speaking your most basic LTV.
  • Commendable nature and netload of gold used in upgrades: Gold used in pearls should be someplace in the degree of 18 and 24 carats unadulterated. To get comfortable with the net weight, the Andhra Pradesh Grameena Vikas Bank Gold Loan will kill the meaning of pearls and stones from the firm weight of the gems. You would now be able to check the most recent gold rate at Dialabank.

Andhra Pradesh Grameena Vikas Bank Gold Loan Rate Per Gram by Gold Purity

The systematic representation below shows an appraisal of the gold growth per gram that Andhra Pradesh Grameena Vikas Bank would give against gold enhancements of various righteousness levels at a most limit 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

Andhra Pradesh Grameena Vikas Bank Gold Loan Rates Per Gram

The following table shows Andhra Pradesh Grameena Vikas Bank Gold Loan Rates per gram – Feb 01 2023

Updated - Gold Loan Per Gram Rate w.e.f Feb 01 2023

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 

Indians are among the world’s driving buyers of gold. Indians will all things considered buy gold since it is seen as ‘gotten’ speculation. Cash related allies study the business zones at changes in costs, which direct income. Award, us to look at the essential need chronicled gold credit rates per gram insinuated under:

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
Manappuram
Axis Bank
Yes Finance
Interest Rate
9.90%
12.50%
9.99%
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
3,124
3,073
3,069

Tips to get the highest Amount Per Gram from Andhra Pradesh Grameena Vikas Bank Gold Loan

  • For a gold credit, Andhra Pradesh Grameena Vikas Bank sees both hallmarked and non-hallmarked pearls. You can get the most raised Andhra Pradesh Grameena Vikas Bank Gold Loan credit per gram considering how the valuer is less masterminded to reprimand it. In like manner, some money-related affiliations charges lower trade costs for hallmarked gold pearls.
  • The Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram change the expense of 22-carat gold to address impeccability. In like way, get against higher-flawlessness embellishments if possible, as this will get you the most money for a gold credit.
  • Andhra Pradesh Grameena Vikas Bank Gold Loan will use the net heap of your moves up to pick the degree of gold headway you are ready for. Per Gram Gold Advance from Andhra Pradesh Grameena Vikas Bank, Choose gems with the least pearls and stones whatever amount as could be anticipated. The meaning of pearls and stones will be deducted from the overall heap of the gems by a colossal section of the banks. To pick the net weight, Andhra Pradesh Grameena Vikas Bank will depend on the assessment of its gold valuer. As more gems and stones are applied to a piece of pearls, the outright weight and worth of the piece decrease, achieving a lower gem advance you are ready for.
  • On gold, it’s a standard practice to zero in on the most essential possible LTV. The RBI has permitted Andhra Pradesh Grameena Vikas Bank Gold Loan to charge the best LTV of up to 75% while taking care of the degree of gold credit you are ready for.

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Model: The development entirety is directed by the flawlessness of gold, the LTV, and the substantialness of gold. Anticipate that Advit, Abhishek, and Karunesh each own differentiating measures of gold of evolving excellence. Advit has 70 grams of gold with an 18-carat ideal. Abhishek has 60 grams of gold that is 20 carats unadulterated, and Karunesh has 50 grams of gold that is 22 carats unadulterated. They apply for a gold credit with Andhra Pradesh Grameena Vikas Bank. The worth used to choose their gold credit all-out capability subject to the best LTV of 75% would move dependent upon the ethicalness of gold, achieving different gold development capabilities.

Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
Advit 70 18 ₹ 2.60 Lakh
Abhishek 60 20 ₹ 2.48 Lakh
Karunesh 50 22 ₹ 2.27 Lakh

Karunesh, who has the littlest gold load of 50gm, will get the most minimal gold advance pace of 2.27 Lakh from Andhra Pradesh Grameena Vikas Bank, as found in the representation above.

Since Advit has the most gold weight, Andhra Pradesh Grameena Vikas Bank will give him the most elevated gold advance amount of Rs 2.60 lakh in a similar model.

Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram FAQs

✅ What is the Andhra Pradesh Grameena Vikas Bank Gold Loan scheme?

Andhra Pradesh Grameena Vikas Bank gold loan is a scheme that provides a loan against your gold. Any person in need of quick lump sum money can avail of this facility that is offered by Andhra Pradesh Grameena Vikas Bank and other leading banks and non-banking financial companies. The current rate for Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

 How much Gold Loan can I get per gram in Andhra Pradesh Grameena Vikas Bank?

Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

✅ How is Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram calculated?

The Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Andhra Pradesh Grameena Vikas Bank Gold Loan Per Gram interest rate is then calculated based on several factors: loan amount, loan tenure, relationship with the lender, and loan to value ratio.