Chaitanya Godavari Grameena Bank Gold Loan Per Gram

AT 0.75%* INTEREST RATE
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Chaitanya Godavari Grameena Bank Gold Loan Per Gram

Chaitanya Godavari Grameena Bank Gold Loan Per Gram is ₹ 3,800 to ₹ 4,350

Chaitanya Godavari Grameena Bank Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350
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 jewelry and gold coins of 18-24 carats
Loan To Value 25% of the gold ornament’s market value

The Chaitanya Godavari Grameena Bank Gold Loan is help offered by the bank that licenses customers to use the gold they own to apply for a gold credit to meet their money-related prerequisites. The Chaitanya Godavari Grameena Bank appreciates various advantages similarly as a low credit expense.

Chaitanya Godavari Grameena Bank Gold Loan Calculator 

  • Chaitanya Godavari Grameena Bank Gold Loan Per GramChaitanya Godavari Grameena Bank will assemble the flawlessness and netload of gold in your improvements by the cost of gold to pick its value. The Reserve Bank of India has induced Indian banks to utilize the 30-day common cost of 22-carat gold, acclimated to goodness. Chaitanya Godavari Grameena Bank can change the worth of gold in case it is 20-carat morals by utilizing the 30-day standard of 22-carat gold extended by a factor of 20/22. Chaitanya Godavari Grameena Bank will change the worth of gold in case it is 20-carat upright. You can also request the most recent gold rate at Dialabank.
  • Exemplary nature and netload of gold utilized in improvements: Gold utilized in pearls ought to be somewhere in the extent of 18 and 24 carats unadulterated. To get familiar with the net weight, the Chaitanya Godavari Grameena Bank will eliminate the significance of gems and stones from the firm weight of the jewels. You can now check the latest gold rate at Dialabank.
  • Credit to Value Ratio: After picking the worth of your pearls, Chaitanya Godavari Grameena Bank will utilize an LTV of up to 75% to pick your capacity for precious stone development. Chaitanya Godavari Grameena Bank will give you a lower financing cost in case you can take an improvement total that isn’t overall your most imperative LTV.

Chaitanya Godavari Grameena Bank Rate Per Gram by Gold Purity

The table under shows an appraisal of the gold development per gram that Chaitanya Godavari Grameena Bank would give against gold enhancements of various righteousness levels at a most limit 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

Chaitanya Godavari Grameena Bank Gold Loan Rates Per Gram

The following table shows Chaitanya Godavari Grameena Bank Gold Loan Per Gram Rates – Mar 28 2024

Updated - Gold Loan Per Gram Rate w.e.f Mar 28 2024

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 driving purchasers of gold. Indians will by and large purchase gold since it is viewed as a ‘gotten’ hypothesis. Money-related supporters study the business zones at changes in costs, which direct revenue. Grant, us to take a gander at the basic necessity chronicled gold credit rates per gram alluded to under:

This Table Contains the Average Annual Gold Rate from 1965 - 2022
Year Price (24 karat per 10 grams) Year Price (24 karat per 10 grams)
2023 ₹ 54,699 1994 ₹ 4,598
2022 ₹ 52,950 1993 ₹ 4,140
2021 ₹ 50,045 1992 ₹ 4,334
2020 ₹ 48,651 1991 ₹ 3,466
2019 ₹ 35,220 1990 ₹ 3,200
2018 ₹ 31,438 1989 ₹ 3,140
2017 ₹ 29,667 1988 ₹ 3,130
2016 ₹ 28,623 1987 ₹ 2,570
2015 ₹ 26,343 1986 ₹ 2,140
2014 ₹ 28,006 1985 ₹ 2,130
2013 ₹ 29,600 1984 ₹ 1,970
2012 ₹ 31,050 1983 ₹ 1,800
2011 ₹ 26,400 1982 ₹ 1,645
2010 ₹ 18,500 1981 ₹ 1,800
2009 ₹ 14,500 1980 ₹ 1,330
2008 ₹ 12,500 1979 ₹ 937
2007 ₹ 10,800 1978 ₹ 685
2006 ₹ 8,400 1977 ₹ 486
2005 ₹ 7,000 1976 ₹ 432
2004 ₹ 5,850 1975 ₹ 540
2003 ₹ 5,600 1974 ₹ 506
2002 ₹ 4,990 1973 ₹ 279
2001 ₹ 4,300 1972 ₹ 202
2000 ₹ 4,400 1971 ₹ 193
1999 ₹ 4,234 1970 ₹ 184
1998 ₹ 4,045 1969 ₹ 176
1997 ₹ 4,725 1968 ₹ 162
1996 ₹ 5,160 1967 ₹ 103
1995 ₹ 4,680 1966 ₹ 84
1994 ₹ 4,598 1965 ₹ 72

Major Banks Gold Loan Per Gram Rate Comparison

Feature
Manappuram
Axis Bank
Yes Finance
Interest Rate
9.90%
12.50%
9.99%
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
3,124
3,073
3,069

Tips to get the highest Amount Per Gram from Chaitanya Godavari Grameena Bank

  • For Chaitanya Godavari Grameena Bank Gold Loan Per Gram you can offer both hallmarked and non-hallmarked pearls. In any case, if you have brand name pearls, you can get the most raised Chaitanya Godavari Grameena Bank gold credit per gram considering the way that the valuer is less arranged to criticize it. Likewise, some cash-related affiliations charge lower exchange costs for hallmarked gold pearls.
  • The Chaitanya Godavari Grameena Bank Gold Loan Per Gram change the cost of 22-carat gold to address faultlessness. In like manner, get against higher-perfection embellishments if conceivable, as this will get you the most cash for a gold credit.
  • Chaitanya Godavari Grameena Bank Gold Loan will utilize the net stack of your upgrades to pick the extent of gold advancement you are prepared for. Per Gram Gold Advance from Chaitanya Godavari Grameena Bank, Choose jewels with the least pearls and stones however much as could be expected. The significance of pearls and stones will be deducted from the general stack of the jewels by a huge segment of the banks. To pick the net weight, Chaitanya Godavari Grameena Bank will rely on the evaluation of its gold valuer. As more jewels and stones are applied to a piece of pearls, the absolute weight and worth of the piece decline, accomplishing a lower jewel advance you are prepared for.
  • On gold, it’s a standard practice to focus on the most basic conceivable LTV. The RBI has allowed Chaitanya Godavari Grameena Bank to charge the best LTV of up to 75% while handling the extent of gold credit you are prepared for.

GOLD LOAN @ 0.75%*

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Model: The development entirety is directed by the flawlessness of gold, the LTV, and the substantialness of gold. Anticipate that Rohan, Abhishek, and Kumar each own differentiating measures of gold of evolving excellence. Rohan has 70 grams of gold with an 18-carat ideal. Abhishek has 60 grams of gold that is 20 carats unadulterated, and Kumar has 50 grams of gold that is 22 carats unadulterated. They apply for a gold credit with IDBI Bank. The worth used to choose their gold credit all-out capability subject to the best LTV of 75% would move dependent upon the ethicalness of gold, achieving different gold development capabilities.

Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
Rohan 70 18 ₹ 2.60 Lakh
Abhishek 60 20 ₹ 2.48 Lakh
Kumar 50 22 ₹ 2.27 Lakh

Kumar, who has the littlest gold load of 50gm, will get the most minimal gold advance pace of 2.27 Lakh from IDBI Bank, as found in the representation above.

Since Rohan has the most gold weight, IDBI Bank will give him the most elevated gold advance amount of Rs 2.60 lakh in a similar model.

Chaitanya Godavari Grameena Bank Gold Loan Per Gram FAQs

✅ What is the Chaitanya Godavari Grameena Bank Gold Loan scheme?

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

 How much Gold Loan can I get per gram in Chaitanya Godavari Grameena Bank?

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

✅ How is Chaitanya Godavari Grameena Bank Gold Loan Per Gram calculated?

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