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Bangiya Gramin Vikash Bank Gold Loan Per Gram

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

Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
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 jewellery and gold coins of 18-24 carats
Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

Bangiya Gramin Vikash Bank Savings accounts, permanent deposits, recurring deposits, loans, personal loans, Net banking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Suraksha Yo Pradhan Mantri Jeevan Jyoti Yojana, Bima Yojana, among others.

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 a gold loan based on certain pointers, so here are some pointers on the gold loan calculator:bangiya gramin vikash bank gold loan

  • 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 the gold loan per gram that Bangiya Gramin Vikash Bank will offer against gold jewellery of different 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

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%.

Updated - Gold Loan Per Gram Rate w.e.f Jun 24 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:

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.

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

  • For a gold loan, Bangiya Gramin Vikash bank gold loan per gram accepts both hallmarked and non-hallmarked jewellery. For hallmark jewellery, however, you can get the greatest gold loan per gramme 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.