Bangiya Gramin Vikash Bank Gold Loan Per Gram

Bangiya Gramin Vikash Bank Gold Loan Per Gram is ₹ 3,800 to ₹ 4,350

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the very first rule of a loan is that you have to repay back. gold loan is a secured loan that is preferred to be used in an emergency. As the loan doesn’t risk to the bankers but it probably does to you.

Bangiya Gramin Vikash Bank Gold Loan Calculator:

Dialabanks Bangiya Gramin Vikash Bank Gold Loan Per Gram tends to provide you with a gold loan based on certain pointers, so here are some pointers on the gold loan calculator:

• Purity and net weight of gold used in jewellery: The bank will analyse the purity and net weight of gold in your jewellery using their in-house valuer. The gold used in the jewellery should be 18 to 24 carats pure. In order to compute the net weight of the jewellery, Bangiya Gramin Vikash Bank will subtract the weight of diamonds and stones. The appraiser will write up his findings.
• Gold price: The RBI has asked banks to use the average price of 22-carat gold for the previous 30 days, adjusted for purity. So, if the gold is 20-carat purity, Bangiya Gramin Vikash Bank will alter the value of gold by using the 30-day average of 22-carat gold multiplied by a factor of 20/22. You may also lookup the current gold rate at Dialabank.
• Loan to Worth Ratio: After determining the value of your jewels, Bangiya Gramin Vikash Bank will apply an LTV of up to 75% to determine your jewel loan amount eligibility. Bangiya Gramin Vikash Bank may offer you a cheaper interest rate if you are ready to take a loan amount that is less than your maximum LTV.

Bangiya Gramin Vikash Bank Gold Loan Rate Per Gram by Gold Purity:

The following table gives an approximate estimate of Bangiya Gramin Vikash Bank Gold Loan Per Gram offers against gold jewellery of different purity levels at a maximum LTV of 75% and a lower LTV of 65%.

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

Bangiya Gramin Vikash Bank Gold Loan Rates Per Gram:

A gold loan has long been thought of as a short-term loan that must be paid back on time. Based on the current market value of gold, the Bangiya Gramin bank offers a gold loan at a rate of 5621 per gram. Gold Loan Per Gram Rate at Home Credit Bank Today’s price for 22-carat adornments is 5121, with a maximum LTV of 90%.

Historical Gold Loan Rates Per Gram:

we might see the fluctuation in the gold rates, so the further table is going to clear out you with gold rates, allowing you to invest according to it.

Gold Loan Per Gram Rate Comparison for Major Banks:

Tips to Get The Highest Gold Loan Amount from Bangiya Gramin Vikash Bank:

• Bangiya Gramin Vikash Bank Gold Loan Per Gram accepts both hallmarked and non-hallmarked jewellery. For hallmark jewellery, however, you can get the greatest Bangiya Gramin Vikash Bank Gold Loan Per Gram because the valuer is less likely to undervalue it. Furthermore, some banks offer a lower processing cost for hallmarked gold jewellery.
• The price of 22-carat gold is adjusted by Bangiya Gramin Vikash Bank to account for purity. Since a result, wherever possible, borrow against better purity jewellery, as this will get you the most money for a gold loan.
• The net weight of your jewellery will be used by Bangiya Gramin Vikash Bank to determine the amount of loan you can acquire against your gold. Always choose jewellery with the fewest jewels and stones possible. The weight of gems and stones will be deducted from the total weight of the jewellery by the majority of banks.
• Always attempt to achieve the highest possible LTV on gold. The RBI has given Bangiya Gramin Vikash Bank permission to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.

Bangiya Gramin Vikash Bank Gold Loan Per Gram FAQs

✅ What is Bangiya Gramin Vikash Bank Gold Loan scheme?

Bangiya Gramin Vikash 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 Bangiya Gramin Vikash Bank and other leading banks and non-banking financial companies. The current rate for Bangiya Gramin Vikash Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

✅ How much Gold Loan can I get per gram in Bangiya Gramin Vikash Bank?

Bangiya Gramin Vikash Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Bangiya Gramin Vikash Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

✅ How is Bangiya Gramin Vikash Bank Gold Loan Per Gram calculated?

The Bangiya Gramin Vikash Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Bangiya Gramin Vikash 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.