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    Fullerton India Agriculture Gold Loan

    Fullerton India Agriculture Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

    Fullerton India Agriculture 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 jewellery and gold coins of 18-24 carats
    Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

    Fullerton India Agriculture Gold Loan Per Gram Gold Loan Calculator

    Dialabank’s Gold Loan Calculator estimates the amount of gold loan you can obtain based on the following factors.

    • Purity and net weight of gold in jewellery: The bank’s in-house valuer will determine the purity and net weight of gold in your jewellery. The gold used in the jewellery should be 18 to 24 carat purity. Fullerton India will also subtract the weight of gems and stones from the jewellery to determine the net weight. The appraiser will present his findings in writing. Fullerton India Agriculture Gold Loan
    • Price of gold: Once the valuer has estimated the purity and net weight of gold in your jewellery, Fullerton India will multiply it by the current gold price to determine the value of gold. The RBI has directed banks to use the average price of 22 carat gold over the previous 30 days, adjusted for purity. So, if the gold is 20 carat purity, Fullerton India will adjust the value of gold by using the 30-day average of 22 carat gold multiplied by a factor of 20/22. You can also check the current gold price at Dialabank.com.
    • Loan to Value Ratio: Once the value of your jewellery has been determined, Fullerton India will apply an LTV of up to 75 percent to determine your eligibility for a jewel loan. Fullerton India may offer you a lower interest rate if you are willing to take a loan amount less than your maximum LTV.

    Fullerton India Agriculture Gold Loan Eligibility

    Particulars Details
    Minimum Age of the Applicant 18 years
    Maximum Age of the Applicant 60 years for salaried applicants and 65 years for self-employed applicants
    Minimum Annual Income Rs. 100000 net annual income. for salaried individuals,

    and Net profit Rs. 60000 p.m. for Self – Employed individuals

    Car Model Any approved car model
    Type of Employment Salaried or self-employed
    Country or Place of Residence India (rural/semi-urban/urban areas)
    Duration of Stay in Current Residence A minimum of 1 year

    Documents Required for Fullerton India Agriculture Gold Loan

    Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID
    Residence Proof  Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
    Agriculture Proof ( only if applicable) Agriculture Land Ownership Proof

     

    Fullerton India Agriculture Gold Loan Rate Per Gram by Gold Purity

    The table below compares Fullerton India’s gold loan per gram to various purity levels of gold jewellery at a maximum 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

    Fullerton India Gold Loan Rates Per Gram

    The table below compares Fullerton India’s gold loan per gram to various purity levels of gold jewellery at a maximum LTV of 75% and a lower LTV of 65%.

    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


    gold loan at 7%

    हिंदी में पढ़े | தமிழில் படியுங்கள்

    Historical Gold Loan Rates Per Gram

    The table shows that, with the exception of a few lows in recent years, gold price trends have always been increasing, indicating that gold has been a safe investment for a long time.

    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
    HDFC Bank
    ICICI Bank
    Muthoot Finance
    Interest Rate
    9.90%
    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
    2500
    2600
    2700*

    Tips for obtaining the highest Fullerton India Gold Loan Amount

    • For gold loans, Fullerton India accepts both marked and unmarked jewellery. Fullerton India will offer you the best gold mortgage per gram if you have one-of-a-kind jewellery because the appraiser will not undervalue your benefits. Furthermore, some financial institutions reduce transaction prices for gold-plated jewellery.
    • The purity of Fullerton India’s gold loans is twenty-two carats per gram. As a result, whenever you need the most gold money, you can borrow it from higher-purity gold.
    • The amount of your gold loan will be calculated by Fullerton India based on the net weight of the jewellery per gram. Use as few gemstones as possible in your jewellery. Most banks deduct the weight of gemstones and rocks from the total weight of the gold. The net weight will be determined by the gold appraiser’s analysis at Fullerton India. The overall weight and value of a piece of jewellery decreases as more diamonds and gemstones are added, allowing you to qualify for a lower gold loan.
    • The same old strategy is used in the gold sector: aim for the highest LTV. The Reserve Bank of India has allowed Fullerton India to charge up to 75% of the LTV when calculating your eligible gold mortgage amount.

     

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