GET GOLD LOAN
DURING LOCKDOWN

⍟  All Our Branches are Open
⍟  Lowest Interest Rate of 0.79% p.m.

    I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

    Andhra Pragathi Grameena Bank Gold Loan Per Gram

    Andhra Pragathi Grameena Bank Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

    Collaterals Gold Loan Rate Per Gram Today is 
    Andhra Pragathi Grameena Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621 depending on the purity of gold
    Age of Borrower 18 – 75 years
    Maximum Loan Amount Up to 20 lakh
    Maximum Loan to Gold Value Ratio Up to 75%
    Purity of Eligible gold 18 carat to 22-carat gold
    Maximum Loan Tenure Up to 36 months

    Gold Loan is a secured service that allows you to borrow money using gold ornaments as collateral. Andhra Pragathi Grameena Bank is an Andhra Pradesh-based rural bank. It was founded in 2006 as a Scheduled Commercial Bank under the Regional Rural Banks Act of 1976, in order to provide citizens in rural areas such as Rayalaseema and Coastal Andhra with loan services.

    Gold Loan Calculator Andhra Pragathi Grameena Bank

    • The purity and net weight of gold in your jewellery will be assessed by the bank’s in-house valuer. The gold used in the jewellery should be 18 to 24 carats pure. In order to measure the net weight of the jewellery, Andhra Pragathi Grameena Bank will subtract the weight of gems and stones.
    • After the valuer determines the purity and net weight of gold in your jewellery, they multiply it by the current gold price to determine the worth of gold.
    • Andhra Pragathi Grameena Bank will use an LTV of up to 75% to determine your jewel loan amount eligibility once the value of your jewellery has been determined. Andhra Bank can give you a lower interest rate if you are willing to take a loan amount that is less than your maximum LTV.

    Andhra Pragathi Grameena Bank Gold Loan Rate Per Gram by Gold Purity

    The table below shows an estimation of the gold loan per gram that Andhra Pragathi Grameena Bank would offer against gold jewellery of various purity levels 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

    Andhra Pragathi Grameena Bank Gold Loan Rates Per Gram

    Updated - Gold Loan Per Gram Rate w.e.f Jun 19 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

    Indians are among the world’s most avid gold buyers, with the precious metal accounting for a sizable portion of our overall imports.

    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

    Gold Loan Per Gram Rate Comparison for Major Banks

    Feature
    HDFC Bank
    ICICI Bank
    Muthoot Finance
    Interest Rate
    9.50% onwards
    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
    3,066
    3,073
    3,073

    Tips to getting Best Gold Loan Amount Per Gram from Andhra Pragathi Grameena Bank

    • Andhra Pragathi Grameena BankFor a gold loan, Andhra Bank accepts both hallmarked and non-hallmarked jewellery.
    • Borrowing against higher purity jewellery will still get you the most money for a gold loan.
    • Andhra Bank will measure the net weight of your jewellery to determine the amount of gold loan you are eligible for.
    • Always choose the jewellery with the fewest gems and stones possible. The more diamonds and stones in a piece of jewellery, the lower the net weight and value of the piece, resulting in a lower amount of jewel loan you are eligible for.
    • Often aim to get the highest possible LTV on gold. RBI allows Andhra Bank to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.


    gold loan at 7%

    हिंदी में पढ़े | தமிழில் படியுங்கள்

    Example: The loan sum is determined by the purity of gold, the LTV, and the weight of gold. Assume Mr Ram and his two mates, Mr Kesav and Mr Ashwith, each own differing quantities of gold of various purity. Mr Ram owns 70 grammes of gold with an 18-carat purity. Mr Kesav has 60 grammes of gold that is 20 carats pure, while Mr Ashwith has 50 grammes of gold that is 22 carats pure. They apply for a gold loan. The price used to determine their gold loan sum eligibility based on a maximum LTV of 75% would vary depending on the purity of gold, resulting in different gold loan eligibility.

    Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
    Mr Ram 70 18 ₹ 2.60 Lakhs
    Mr Kesav 60 20 ₹ 2.48 Lakhs
    Mr Ashwith 50 22 ₹ 2.27 Lakhs

    Mr Ashwith, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from the Bank, as seen in the illustration above. Since Mr Ram has more gold weight, the Bank will give him the highest gold loan sum of Rs 2.60 lakh in the same example.

    News

    2017-07-10: Andhra Bank will begin selling sovereign gold bonds on July 10th.

    Andhra Bank has declared that it will sell its gold sovereign bonds. The bank will accept public subscriptions for the gold bond scheme at all of its branches throughout the country. The proposed gold bond scheme would pay investors a tax-free annual interest rate of 2.50 per cent, with an issue price of Rs. 50 per gramme. Applications for the scheme will be approved from July 10 to July 14, 2017.