Fullerton India Agriculture Gold Loan

Fullerton India Agriculture Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350

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.
• 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

Documents Required for Fullerton India Agriculture Gold Loan

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%.

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%.

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.

Major Banks Gold Loan Per Gram Rate Comparison

Feature	HDFC Bank	Private 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 decrease 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.