Corporation Bank Gold Loan Per Gram

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Corporation Bank Gold Loan Per Gram

Corporation Bank Gold Loan Per Gram is ₹ 2,900 to ₹ 3,450

Corporation Bank Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 2,900 to ₹ 3,450
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 Ratio 75% of the gold ornament’s market value

 

The Gold Loan Per Gram rates ranges from 3506 to 4621. And these gold loan per gram rates also based on various things like gold loan amount and the gold loan. So in this way, these Gold Loan Per Gram has various interest rates in these Corporation banks.

Gold Loan Calculator Corporation Bank

  • Gold Loan Calculator in Corporation bank has many factors that involve in the Gold Loans. These include various things like the purity of the gold, weight of the gold and Gold Loan to Value ratio.
  • The Gold Loan to Value Ratio is used for the jewellery. This Gold Loan to Value Ratio is 75%. The Gold Loan to Value Ratio is very important for availing of the best gold loan rates.
  • And in these Gold loans, purity plays a major role. As purity has a lot of things interlinked, You need to use the best purity gold for your banks. The purity of the gold also affects the cost of the gold. The cost of the gold depends on the purity. If the purity of the gold is high then the cost of the gold is high and you can avail the best gold loan with low-interest rates. And these gold loan has various purities and these purities range in between 18-24 carat gold.
  • Between these 18-24 carat gold only you can avail the best gold loans. Gold Loan
  • The weight of the gold also plays a major role in the Corporation Bank Gold Loan Calculator. Based on the weight of the gold you can avail the gold amount.
  • These are some of the Gold Loan Calculators in the Corporation banks. You can also avail of today’s gold rate in the Corporation bank.

Corporation Bank Gold Loan Rate Per Gram by Gold Purity

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

In the above table, you can see the Gold Loan Per Gram Rates for the last 30 days. And these are different for different carat golds. And these 22,24 and 18-carat golds are based on the purity of the gold. The Gold Loan Per Gram Amount is based on 45531 for 24-carat gold and 41392 for 20-carat gold and 18-carat gold for37253. These are some of the purities of the golds. 4621 is the highest gold loan per gram rates for the 22-carat gold. And for the Gold Loan per Gram rates for the 20-carat gold is 3073. And the Gold Loan Per Gram rates for the 18-carat gold is 2515. And the lowest rates for the 22-carat gold loan per gram is 3506.

Corporation Bank Gold Loan Rates Per Gram

Following Table shows the Gold Loan Rates Per Gram – Updated Jan 29 2023

Updated - Gold Loan Per Gram Rate w.e.f Jan 29 2023

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

The history of the Gold Loans are shown in the following table.

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)
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

Gold Loan Per Gram Rate Comparison for Major Banks

Feature HDFC Bank SBI
Muthoot Finance
Interest Rate 9.90% onwards 7% onwards 12% onwards
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
Pre-closure Charges 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 3066 3073 3073

Tips to get Gold Loan Amount Per Gram from Corporation Bank

  • You can avail the best Gold Loan Amount Per Gram from Corporation by using some of the simple steps.
  • These Gold Loan Amount Per Gram has various benefits in the Corporation banks. For availing the best Gold Loan Per Gram you need the best high purity gold and this high purity gold is in between 18-24 carat gold.
  • These Gold loans per gram have a loan to value ratio. These Loan to Value ratio is 75%. This Loan to Value ratio is also important for the Gold Loan Per Gram Amount from Corporation bank.
  • Also, the gems and stones are also required in the Gold Loan Amount from Corporation banks. So in this way you can avail the best Golf Loan Amount Per Gram from the Corporation bank.

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2020-12-02: Union Bank corporates with the Corporation Bank

For the IT Integration, the Union Bank of India completes integration with the Corporation Bank. So by this integration, you can avail the best internet banking and a lot more things. For these banks, you can avail the best IFSC Codes. So these banks the IFSC Codes also transfers to March 31, 2021. And it has integrated with many other banks too like Andhra Banks. So in this way, the Union Bank integrates with the Corporation banks.