Home Credit Bank Gold Loan Per Gram

Home Credit Bank Gold Loan Per Gram today is ₹ 3,506 to ₹ 4,621

Gold Loan Calculator Home Credit Bank

• Purity and net weight of gold used in jewellery: The bank will analyse the purity and net weight of gold in your jewellery using their in-house valuer. The gold used in the jewellery should be 18 to 24 carats pure. In order to compute the net weight of jewellery, Home Credit Bank will subtract the weight of diamonds and stones. The appraiser will write up his findings.
• Price of Gold: Home Credit Bank will multiply the purity and net weight of gold in your jewellery by the price of gold to compute the value of gold. The Reserve Bank of India 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, Home Credit Bank will alter the value of gold by using the 30-day average of 22 carat gold multiplied by a factor of 20/22.
• Loan to Worth Ratio: After determining the value of your jewels, Home Credit Bank will apply an LTV of up to 75% to determine your jewel loan amount eligibility. Home Credit Bank may offer you a cheaper interest rate if you are ready to take a loan amount that is less than your maximum LTV.

With Dialabank, you can also check the current gold rate.

Home Credit Bank Gold Loan Rate Per Gram by Gold Purity

The table below provides an estimate of gold loan per gram. Home Credit Bank will make an offer against gold jewellery of various purity levels with a maximum LTV of 75% and a lower LTV of 65%.

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Home Credit Bank Gold Loan Rates Per Gram

Home Credit Bank offers a gold loan at a rate of Rs. 5,121 per gram, based on the current market value of gold. Home Credit Bank Gold Loan Rate Per Gram Today is 5,121 for 22-carat adornments with a maximum LTV value of 90%.

Historical Gold Loan Rates Per Gram

Studying the gold rate trend may provide insight into future fluctuations, allowing investment plans to be made accordingly.

Gold Loan Per Gram Rate Comparison for Major Banks

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 Best Gold Loan Amount Per Gram from Home Credit Bank

• For a gold loan, Home Credit Bank accepts both hallmarked as well as non-hallmarked jewellery. However, you can get the highest gold loan per gram for hallmark jewellery because it reduces the chances of the appraiser undervaluing it. Furthermore, some banks charge lower processing fees when purchasing hallmarked gold jewellery.
• The price of 22-carat gold is adjusted by Home Credit Bank based on the purity of the gold. As a result, always try to borrow against higher purity jewellery because it will get you the most money for a gold loan.
• Always seek for the greatest LTV on the value of gold. The RBI allows Home Credit Bank to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

Gold Loan News:

• Gold pledging is on the rise as household stress rises.

According to Reserve Bank data, people are increasingly turning to gold and personal loans to cover basic expenses and medical emergencies.