HDB Agriculture Gold Loan

HDB Agriculture Gold Loan

HDB Agriculture Gold Loan: Features and Benefits

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

HDB Agriculture Gold Loan Calculator:

  • The purity and net weight of gold in your jewellery will be determined by the bank’s in-house valuer. The gold used in the jewellery should be between 18 and 24 carats pure. HDB Bank will subtract the weight of gems and stones from the jewellery in order to calculate the net weight. A report will be written outlining the appraiser’s findings.
  • HDB Bank will multiply the purity and net weight of gold in your jewellery by the price of gold to estimate its value. According to the Reserve Bank of India, banks should use a 30-day average price of 22-carat gold that has been adjusted for purity.
  • After determining the value of your gems, HDB Bank will determine your jewel loan amount eligibility using a Loan to Value Ratio (LTV) of up to 75%. HDB Bank may be able to offer you a reduced interest rate if you are prepared to take a loan amount that is less than your maximum LTV.

HDB Agriculture Gold Loan Calculator:

  • 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 have a purity of 18 to 24 carats. In order to calculate the net weight, the HDB Agriculture gold loan will remove the weight of gems and stones from the jewellery. The appraiser’s conclusions will be detailed in a report.
  • To determine the worth of your jewellery, HDB Bank will multiply the purity and net weight of gold in it by the price of gold. Banks should use a 30-day average price of 22-carat gold that has been adjusted for purity, according to the Reserve Bank of India.
  • Once the value of your gems has been assessed, HDB Bank will analyse your jewel loan amount eligibility using a Loan to Value Ratio (LTV) of up to 75 percent. If you are willing to take a loan amount that is less than your maximum LTV, HDB Bank may be able to offer you a lower interest rate.

HDB Agriculture gold loan eligibility:

Age 18-70 years of age
Nationality Indian
Employment Status Salaried, Self-Employed
Gold Quality, Quantity
Minimum 18 Carats, minimum 10 grams
Requirements
Gold ornaments (18-22 carats)
CIBIL score Above 500

Documents Required for HDB Agriculture Gold Loan:

Photographs
2 Passport-Sized photos, latest, coloured, clear, without spectacles
Identity Proof
Passport: Valid Copy of passport both front and last page
Voters ID card: Copy of Valid Voter Identity Card
Driving License: Copy of Driving license which is valid.
Adhar card: Copy of Adhar Card with current information
Residence Proof 
Passport: Valid Copy of passport both front and last page
Voters ID card: Copy of Valid Voter Identity Card
Driving License: Copy of Driving license which is valid.
Adhar card: Copy of Adhar Card with current information
Utility Bills on the name of the applicant.
Sales Tax Certificate
Rental Agreement
Agricultural Land Proof
Required only if the Loan is taken for Agricultural Purpose. In the case of an Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
Demand Promissory Note
Certificate by the Jewel Appraiser (Bank will arrange)

HDB Agriculture Gold Loan Rate Per Gram by Gold Purity:

Gold has always been and will continue to be one of the country’s most important and valuable assets. Year after year, it rose in importance, eventually becoming a valuable asset of one of the world’s many civilizations. Gold is quite valuable in today’s globe.

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

HDB Agriculture Gold Loan Interest Rates Per Gram:

Updated - Gold Loan Per Gram Rate w.e.f Sep 26 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:

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:

A list of institutions that offer gold loans to their valued customers is compared in the table below:

Feature
Manappuram
Axis Bank
Yes Finance
Interest Rate
9.90%
12.50%
9.99%
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
3,124
3,073
3,069

Tips to Get The Highest Agriculture Gold Loan Amount from  HDB Bank:

  • Multiply the purity and net weight of gold in your jewellery by the price of gold for a gold loan from the HDB Bank Agricultural Gold Loan to get the value of gold in your jewellery. A bank will accept both hallmarked and non-hallmarked jewellery.
  • When it comes to hallmark jewellery, however, the assessor is less likely to undervalue it, therefore an HDB Bank Agriculture gold loan is the best option. Furthermore, some financial institutions offer a lower processing fee for hallmarked gold jewellery.
  • The price of 22-carat gold at HDB Bank has dropped as a result of the farm gold loan, indicating that it is of higher quality. As a result, take out a gold loan against higher-purity jewellery whenever possible to get the most money.