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    Ellaquai Dehati Bank Agriculture Gold Loan

    Ellaquai Dehati Bank Agriculture Gold Loan Features & Benefits

    Ellaquai Dehati Gold Loan Interest Rate 7% per annum
    Ellaquai Dehati  Gold Loan Per Gram Rate Per Gram is ₹ 3,506 to ₹ 4,621
    Ellaquai Dehati Gold Loan Processing Fee 0.85% of the loan amount + GST
    Ellaquai Dehati Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
    Ellaquai Dehati Gold Loan Prepayment Charges 0- 2%
    Ellaquai Dehati Gold Loan Repayment Tenure Up to 36 months
    Ellaquai Dehati Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

    Ellaquai Dehati Bank is a rural bank operated by the Government of India, the State Bank of India, and the Government of Jammu and Kashmir. It was founded on July 16, 1979. The Bank has 117 branches throughout the state and is represented in both divisions. Srinagar, Budgam, Ganderbal, Anantnag, Pulwama, Shopian, Kulgam, Jammu, Udhampur, Reasi, Ramban, Doda, and Samba are among the 13 states where the bank has branches. The bank offers a variety of financial services, including Personal Loans, Gold Loans, and Home Loans, among others.

    Ellaquai Dehati Bank Agriculture Gold Loan Calculator

    • An in-house bank surveyor will determine the purity and net weight of gold in your jewellery. Gold that is 18 to 24 carats pure must be used in the jewellery.
    • The bank will deduct the diamond and stone weights from the overall weight of the jewellery to determine the relative weight.
    • The present gold price is multiplied by the purity and net weight of gold in your jewellery to calculate its value.
    • The loan balance will be determined by the bank using a loan-to-value (LTV) of up to 75%.

    Ellaquai Dehati Bank Agriculture Gold Loan Eligibility

    Salaried Individual Age – 21 years to 60 years
    Net Monthly Income – Minimum ₹ 20,000
    Employment Duration – 1-year minimum
    Income Eligibility – Based on Form 16 and salary slip
    Self-Employed Individuals Age – 21-65 years of age
    Minimum ITR  – Rs.2 lakh
    Employment Duration – Minimum 3 years
    Income Eligibility – Depends on the latest Income Tax Returns
    Self-Employed Non-Individuals (Company/Partnership) Minimum ITR  – Rs. 2 lakh
    Employment Duration – 3 years minimum
    The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
    Priority Customers At least 6-month vintage
    Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
    Maximum Loan Amount –  3 times the Average Quarterly Balance of the last 2 Quarter

    Documents Required for Ellaquai Dehati Bank Agriculture Gold Loan

    Category Documents Required
    Identity Proof

     

    (Any 1)

    Passport

    Voter ID

    Aadhar Card

    Driving License

    Address Proof

     

    (Any 1)

    Aadhar Card

    PAN

    Driving License

    Electricity Bill

    Date of Birth Proof

     

    (Any 1)

    Passport

    Birth Certificate

    High School Marksheet

    Driving Licence

    Signature Proof

     

    (Any 1)

    PAN

    Bankers Verification

    Passport

    Income Proof Salary Slip and latest Form No.16
    Bank Statement Last 6 month Bank statement
    Employment Continuity Proof Job card by NREGA

    ITR of Form no. 16

    Salary Slip mentioned with joining date

    Letter of Appointment

    Ellaquai Dehati Bank Agriculture 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

    Ellaquai Dehati Bank Agriculture Gold Loan Interest Rates Per Gram

    The table given below shows the Agricultural Gold Loan Interest Rates Per Gram – Updated May 25 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

    The table below depicts the historical Gold Loan Rates Per Gram

    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 Agriculture Gold Loan Per Gram Rate Comparison

    Feature
    HDFC Bank
    ICICI Bank
    Muthoot Finance
    Interest Rate
    9.50% onwards
    10.50%
    12%
    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
    3,066
    3,073
    3,073

    Tips to Get The Highest Agriculture Gold Loan Amount from Ellaquai Dehati Bank

    • For a gold deposit, the bank accepts both hallmarked and non-hallmarked jewellery.
    • Borrowing against higher purity jewellery would get you the most money on a gold loan.
    • The simplest gems, with the fewest diamonds and crystals, are favoured.
    • If the gold used in the jewellery is less than 18-carat purity, the Bank will not allow it.
    • The RBI uses a net LTV of up to 75% to assist the bank in calculating the amount of gold debt you owe.