Fullerton India Gold Loan Per Gram

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    Fullerton India Gold Loan Per Gram

    Fullerton India Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

    Fullerton India 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
    Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

    Fullerton India Gold Loan Calculator

    You need to provide specific details to use Dialabank’s Gold Loan EMI calculator:

    Fullerton India Gold Loan Per Gram

    •  The lender’s rate of interest
    •  Principal loan amount of signed/required gold
    • Expected period of payment

    The EMI calculator calculates the monthly instalment to be paid by the buyer when submitting these three pieces of information (taking into account the current gold price). Similar information, such as home loan calculator, personal loan EMI calculator, auto loan EMI calculator etc., can be used in other EMI calculators.

    Verify the current gold rate

    Fullerton India Gold Loan Rate Per Gram by Gold Purity

    The table below provides an estimate of gold loans per gram. Fullerton India will bid on gold jewellery of various purity levels, with the highest LTV of 75% and the lowest 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 current rate of Fullerton India Gold Loan Per Gram is ₹ 2,900 to ₹ 3,450. In the most extraordinary scenario, 22-carat ornaments are calculated with an LTV of 75%. The price of gold fluctuates on a daily basis based on the loan per gram

    Updated - Gold Loan Per Gram Rate w.e.f Aug 10 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 Rates Per Gram

    The study of gold price trends can provide insight into future fluctuations and help to formulate appropriate investment plans.

    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 Per Gram Rate 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 Fullerton India

    • Fullerton India accepts both stamped and unsealed jewellery for gold loans. However, you can obtain a Fullerton India gold loan with the highest gold content per gram because it reduces appraiser underestimation. Furthermore, when purchasing contrast gold jewellery, some banks charge lower processing fees.
    • Fullerton India adjusted the price of 22-carat gold based on its purity. As a result, always try to borrow money from higher purity jewellery because you will receive the most gold loans. 
    • Look for the LTV with the highest gold value. The RBI allows Fullerton India to charge up to 75% of the LTV when calculating the amount of gold loan eligibility.

    Gold News

    • The high demand for gold loans indicates that low-income households are in distress.

     According to Reserve Bank of India data, outstanding loans granted by gold-plated banks increased by 82 per cent from Rs 33,303 crores in March 2020 to Rs 60 464 crores in March 2021.

    • The second Sovereign Gold Bond plan is set to begin trading on May 24.

    The second sovereign gold bond plan will be open for subscriptions on Monday (May 24, 2021), 2021-22. The Reserve Bank of India’s 2021-22 gold bond plan schedule will open the second round of windows for investors from May 24 to May 28.

    Fullerton India Gold Loan Per Gram FAQs

    ✅ What is the Fullerton India Gold Loan scheme?

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

     How much Gold Loan can I get per gram in Fullerton India?

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

    ✅ How is Fullerton India Gold Loan Per Gram calculated?

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