Development Credit Bank Gold Loan per Gram

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    Development Credit Bank Gold Loan per Gram

    Development Credit Bank Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

    Development Credit 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 jewellery and gold coins of 18-24 carats
    Loan to Value 75% of the gold ornament’s market value
    • Development Credit Bank could well be the simplest and most effective way of supporting your immediate needs at an attractive interest rate.
    • It offers Development Credit Bank Gold Loan per Gram with interest rates starting from 7%.
    • The Development Credit Bank Gold Loan per Gram is ₹ 2,900 to ₹ 3,450.
    • The maximum loan tenure offered by this bank for gold loans is up to 36 months which is 3 years.
    • A very minimal processing fee of 1% of the principal amount is collected to process the gold loan application.

    Development Credit Bank Gold Loan Calculator

    The Gold Loan Calculator offered by Dialabank for the Development Credit Bank Gold loan would give you an approximate estimate of the amount you would get as a gold loan based on the factors mentioned below.

    1. Development Credit Bank Gold Loan per GramThe purity and the weight of the gold that is being pledged: the banks typically use their in-house valuers to thoroughly assess the gold’s purity and weight in the jewellery that you have Submitted. The purity of the gold should be between 18 to 24 carats for them to consider giving you a gold loan. The valuer would then document his findings from assessing your jewellery and would give it on paper.
    2. The price of the gold: After estimating the purity and the total weight of the gold in the jewellery that you have pledged, the bank would multiply it with the price of the gold to calculate the value of the gold.
    3. Loan to Value Ratio: After the value of the jewellery is calculated, Development Credit Bank will apply an LTV of up to 75% to calculate your jewel loan amount eligibility.

    Development Credit Bank Gold Loan Rate Per Gram by Gold Purity

    The table below gives you an estimation of Development Credit Bank Gold Loan per Gram and its offer against the gold jewellery of the different purity levels ranging from 65% to 75%.

    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

    Development Credit Bank Gold Loan Rate Per Gram

    The table is given below shows the Development Credit Bank Gold Loan Rate Per Gram- UpdatedMay 26 2022

    Updated - Gold Loan Per Gram Rate w.e.f May 26 2022

    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 Rate Per Gram

    The Indians are known to be one of the world’s leading consumers of gold. This precious metal constitutes a larger portion of the total imports in the country. Indians have a belief that buying gold is a safer investment.

    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

    Major Banks’ Gold Loan Rate Per Gram Comparison

    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 The Highest Gold Loan Amount from Development Credit Bank

    • The Development Credit Bank accepts both hallmarked and non-hallmarked jewellery for availing of a gold loan. You can avail of the highest gold loan per gram if you pledge hallmarked jewellery when compared to non-hallmarked jewellery. Some banks also tend to reduce their processing fees if the gold pledged is hallmarked gold.
    • The Bank is said to adjust the price of 22-carat gold for purity of gold. Always try and borrow against a higher purity jeweller as that would fetch you a higher loan amount.
    • The Development Credit Bank would calculate the total weight of jewellery to calculate the amount of loan for the gold you pledge. Therefore, always pledge jewellery that has less to no gems or stones. As it is the weight of the gold that they consider to give you a gold loan, having stones or gems reduces the weight of the gold and hence would lower the amount that you avail as a gold loan. 
    • Try avail the maximum Loan to Value ratio for the value of the gold. Development Credit Bank is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan.

    GOLD LOAN @ 0.49%*

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    ILLUSTRATION: The loan amount eligibility is decided based on the purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C, own different amounts of gold with varying purity. Mr A has 70 grams of gold with a purity of 18 carats. Mr B has 60 grams of gold with a purity of 20 carats, and Mr C has 50 grams of gold with purity or 22 carats. They approach Development Credit Bank to avail themselves of a gold loan.

    The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold and hence, will result in varying gold loan eligibility. You Can Visit Dialabank for any loan queries from DCB or any other bank in India

    Development Credit Bank Gold Loan Per Gram FAQs

    ✅ What is Development Credit Bank Gold Loan scheme?

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

     How much Gold Loan can I get per gram in Development Credit Bank?

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

    ✅ How is Development Credit Bank Gold Loan Per Gram calculated?

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