Corporation Bank Gold Loan Per Gram

GET GOLD LOAN
AT LOWEST INTEREST RATE

⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

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    Corporation Bank Gold Loan Per Gram

    Corporation Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621

    Corporation 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 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 Sep 25 2021

    Updated - Gold Loan Per Gram Rate w.e.f Sep 25 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

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

    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 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.

    gold loan

    News

    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.