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Indiabulls Agriculture Gold Loan

Indiabulls Agriculture Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

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

Indiabulls Agriculture Gold Loan Per Gram Gold Loan Calculator

Dialabank’s Gold Loan Calculator estimates the gold loan you may attain primarily based on the subsequent 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. Indiabulls will subtract the weight of gems and stones from the jewellery to determine the net weight. The appraiser will write up and present his findings in writing.
  • Gold price: Once the purity and net weight of gold in your jewellery have been determined by the valuer, Indiabulls will multiply it by the current gold price to determine the value of gold. Banks have been instructed by the RBI to use the 30-day average price of 22 carat gold, adjusted for purity. So, if the gold has a purity of 20 carats, Indiabulls will adjust its value by taking the 30-day average of 22 carat gold and multiplying it by a factor of 20/22. Dialabank.com displays the current gold price.
  • Loan to Value Ratio: Once the value of your jewellery has been determined, Indiabulls will apply an LTV of up to 75% to determine your eligibility for a jewel loan. Indiabulls may offer you a lower interest rate if you are willing to take a loan amount less than your maximum LTV.

Indiabulls Agriculture Gold Loan Eligibility

Particulars Details
Minimum Age of the Applicant 18 years
Maximum Age of the Applicant 60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income Rs. 100000 net annual income. for salaried individuals,

and Net profit Rs. 60000 p.m. for Self – Employed individuals

Car Model Any approved car model
Type of Employment Salaried or self-employed
Country or Place of Residence India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence A minimum of 1 year

Documents Required for Indiabulls Agriculture Gold Loan

Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID
Residence Proof  Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
Agriculture Proof ( only if applicable) Agriculture Land Ownership Proof

 

Indiabulls Agriculture Gold Loan Rate Per Gram by Gold Purity

The table below compares Indiabulls’s gold loan per gram to various purity levels of gold jewellery at a maximum LTV of 75% and a lower 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

Indiabulls Gold Loan Rates Per Gram

The table below compares Indiabulls’s gold loan per gram to various purity levels of gold jewellery at a maximum LTV of 75% and a lower LTV of 65%.

Updated - Gold Loan Per Gram Rate w.e.f Jun 24 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


gold loan

Historical Gold Loan Rates Per Gram

With the exception of a few dips, price trends have generally increased, as shown in the table.

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 Gold Loan Per Gram Rate Comparison
Feature
HDFC Bank
ICICI 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 Indiabulls Gold Loan Amount

  • For gold loans, Indiabulls accepts both marked and unmarked jewellery. If you have unique jewellery, Indiabulls will provide you with the best gold mortgage loan per gram because the appraiser will not underestimate your income. In addition, some financial institutions lowered the transaction price of gold-plated jewellery. Indiabulls Agriculture Gold Loan
  •  Indiabulls’s gold loan purity is 22 carats per gram. Therefore, as long as you need the most money for gold, you can borrow money from higher purity gold.
  • Indiabulls will calculate the amount of your gold loan based on the net weight of the jewellery per gram. In your jewellery, use as few gemstones as possible. The weight of gemstones and rocks is usually deducted from the total weight of the gold by most banks. The net weight will be determined by Indiabulls’s gold appraiser’s analysis. As more diamonds and gemstones are added to a piece of jewellery, the overall weight and value of the piece decrease, allowing you to qualify for a lower gold loan.
  • In the gold sector, the same strategy is used: aim for the highest LTV. When calculating your eligible gold mortgage amount, the Reserve Bank of India has permitted Indiabulls to charge up to 75 percent of the LTV.

 

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