Capital First Bank Gold Loan Per Gram

Capital First Bank Gold Loan Per Gram 

Gold Loan Calculator Capital First Bank

• Purity and net weight of gold used in the jewellery: The bank will use its internal evaluator to analyse gold’s purity and net weight. The gold used in jewellery must be 18-24 carats pure. To calculate the net weight of the jewellery, Capital First Bank will subtract the weight of diamonds and gems. The appraiser will write down his findings.
• Gold Price: Capital First Bank multiplies the purity and net weight of the gold in your jewellery by the gold price to calculate the value of gold. The RBI has instructed the bank to use the average cost of 22 karat gold over the past 30 days and adjust it for purity. Therefore, if the purity of the gold is 20 karat, Capital First Bank will use the 30-day average of 22 karat gold multiplied by 20/22 to change the value of the gold.
• Loan-to-Value Ratio: After determining the value of the jewellery, Capital First Bank will use up to 75% of the LTV to determine eligibility for the gold loan amount. Capital First Bank can offer you a cheaper gold pending interest rate.

Capital First Bank Gold Loan Rate Per Gram by Gold Purity

Based on the current interest rate on gold, Indian banks make gold loans at interest rates of ₹ 3,800 to ₹ 4,350. For a 22 carat decoration, measured by the best 90% LTV, Capital First Bank’s current gold per kg rate is ₹ 3,800 to ₹ 4,350, and the normal cost of borrowing gold for the last 30 days at 2020 is ₹ 3,800 to ₹ 4,350. glpergram”], weighs 22 carats.

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

Capital First Bank Gold Loan Rates Per Gram

The current gold price is affected by many factors, such as supply and demand, global market conditions, and the strength of the U.S. dollar. In addition, the cost of gold varies among cities in India. Factors such as taxes, demand, transportation, and local associations affect the price of gold in different cities.

Historical Gold Loan Rates Per Gram

The table shows that, except for some lows of recent years, the price of gold has been increasing, which provides a basis for the opinion that gold is a safe investment for a long time.

Major Banks Gold Loan Per Gram Rate Comparison

Tips to Get The Highest Gold Loan Amount from Capital First Bank

• For Capital First Bank Gold Loan Per Gram you can submit both marked jewellery and unmarked jewellery. However, you can get the highest Capital First Bank gold loan per gram as it reduces the chance of being underestimated by the appraiser. 
• Capital First Bank adjusts the price of 22-carat gold based on the purity of the gold. Therefore, for Capital First Bank Gold loan always try to borrow jewellery with higher purity, as this will get you the most gold loans. 
•  Always looks for the largest LTV with gold as value. RBI allows Capital First Bank to charge up to 75% of the LTV to calculate the amount of gold loan.

Gold Loan News

• High demand for gold loans indicates that low-income households are distressed.

 According to data from the Reserve Bank of India, as of March 2021, outstanding loans provided by banks for gold jewellery increased by 82% from Rs 33,303 crore in March 2020 to Rs 60,464 crore.

• The second sovereign gold bond plan will be open on May 24

 The second sovereign gold bond plan will be open for subscription on Monday (May 24, 2021) in 2021-22. According to the 2021-22 gold bond plan schedule formulated by the Reserve Bank of India, the second batch of windows will be open to investors from May 24-28.

Capital First Bank Gold Loan Per Gram FAQs

✅ What is Capital First Bank Gold Loan scheme?

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

✅ How much Gold Loan can I get per gram in Capital First Bank?

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

✅ How is Capital First Bank Gold Loan Per Gram calculated?

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