Home Credit Bank Gold Loan Per Gram

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    Home Credit Bank Gold Loan Per Gram

    Home Credit Bank Gold Loan Per Gram today is ₹ 2,900 to ₹ 3,450

    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

    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%.

    Gold Purity Gold Rate Per Gram- Average Of Past 30 Days Home Credit Bank Best Gold Loan Per Gram Home Credit Bank Lowest Gold Loan Per Gram
    22 carat ₹ 45,531 ₹ 3,073 ₹ 2,664
    20 carat ₹ 41,392 ₹ 3,073 ₹ 2,421
    18 carat ₹ 37,253 ₹ 2,515 ₹ 2,179

    GOLD LOAN @ 0.49%*

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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%.

    Updated - Gold Loan Per Gram Rate w.e.f Jun 25 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

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

    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

    Gold Loan Per Gram Rate Comparison for Major Banks
    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 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.

     

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