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    Chaitanya Godavari Grameena Bank Gold Loan Per Gram

    Chaitanya Godavari Grameena Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621

    Chaitanya Godavari Grameena Bank 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 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 

    • 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.  Chaitanya Godavari Grameena Bank
    • Chaitanya 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.
    • 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 Loan Rates per gram – Jun 19 2021

    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 

    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 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

    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 a gold credit, Chaitanya Godavari Grameena Bank perceives 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 at 7%

    हिंदी में पढ़े | தமிழில் படியுங்கள்

    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.