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    Assam Gramin Vikash Bank Gold Loan Per Gram

    Assam Gramin Vikash Bank Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

    Gold Loan Interest Rate Starting 7.0% per annum
    Gold Loan Rate Per Gram Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
    Maximum Loan Amount Up to Rs. 10 lakhs
    Minimum Loan Amount 90% LTV on Your Gold Market Price
    Gold Requirement Minimum 18 Carat
    Gold Loan Processing Fee 1% of the Principal Loan Amount
    Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
    Repayment Tenure 12 Months to 48 Months
    Gold Loan Schemes Bullet Payment Scheme, EMI Scheme

    Jewel Loan is a banking service that assists consumers in times of financial difficulty. It’s a form of secured loan in which the amount borrowed is determined by the quality and quantity of gold jewellery held as collateral. The Assam Gramin Vikash Bank is a rural bank established in 2006. Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank, and Subansiri Gaonlia Bank joined together to form this bank. There are 413 branches in these 7 geographical areas. It is one of Assam’s leading banks in terms of providing financial services to the general public.

    Gold Loan Calculator Assam Gramin Vikash Bank

    The Gold Loan Calculator determines the amount of gold loan you can get based on the following parameters.

    • 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.
    • To change the value of gold, the bank will use a 30 day average of 22-carat gold multiplied by a factor of 20/22. You can also lookup the current gold price.
    • The bank will use an LTV of up to 75% to measure your jewel loan sum eligibility once the value of your jewellery has been determined.

    Assam Gramin Vikash Bank Gold Loan Rate Per Gram by Gold Purity

    Assam Gramin Vikash BankThe gold, gold ornaments, or gold coins are immediately valued by the bank’s valuer to determine the loan sum. It also entails the testing of its purity. The weight of any other stones, crystals, or metals attached to the gold ornaments would be removed for valuation purposes. The loan sum is usually allowed up to 70% of the current market value of your gold. Banks will accept you for up to 90% if you are willing to pay a higher interest rate. This varies depending on the gold loan programme of each bank.

    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

    Assam Gramin Vikash Bank Gold Loan Rates Per Gram

    Indians prefer to buy gold because it is regarded as a “secure” investment. Investors keep an eye on the markets for price changes that influence demand.

    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

    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 Assam Gramin Vikash Bank

    • For hallmark jewellery, you will get the highest gold loan per gram since the valuer is less likely to undervalue it.
    • Furthermore, some banks offer reduced transaction fees for hallmarked gold jewellery.
    • The weight of gems and stones will be deducted from the overall weight of the jewellery by the majority of banks.
    • The majority of diamond jewellery is made of 16 to 18-carat gold, resulting in a very low gold loan per gramme.
    • Often aim to get the highest possible LTV on gold.


    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

    Jun 05, 2020 – NABARD provides Rs 270 crore to Assam Gramin Vikash Bank

    In the wake of the COVID-19 Pandemic, National Bank for Agriculture and Rural Development (NABARD) has made available a Special Liquidity Facility (SLF) of Rs 270 crore to Assam Gramin Vikash Bank for supporting the agricultural activities of the farmers. Following the pandemic, NABARD has provided Rs 25,000 crore nationwide for providing liquidity support to Cooperative Banks, Regional Rural Banks and Micro Finance Institutions (MFIs) during 2020-21 with a view to ensuring a continued flow of credit to farmers to carry out their agricultural operations smoothly even during COVID-19 pandemic period.