GET GOLD LOAN
DURING LOCKDOWN

⍟  All Our Branches are Open
⍟  Lowest Interest Rate of 0.79% p.m.

    I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

    Indian Bank Gold Loan Per Gram

    Indian Bank Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

    Indian Bank 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

    Indian Bank Gold Loan Per Gram Gold Loan Calculator

    The Dialabank Gold Loan Calculator can provide you with an estimate of the gold loan amount to be used based on the following factors: 

    •  Gold purity and net jewellery weight: The bank will use its in-house appraiser to assess purity and the net weight of gold. The gold used in jewellery must be between 18 and 24 karat pure gold. Indian Bank will also reduce the weight of the jewellery’s gems to calculate the jewellery’s net weight. The appraiser will complete the writing. 
    •  Gold Price: After the appraiser has estimated the purity and net weight of the gold in the jewellery, Indian Bank can calculate the value of the gold by multiplying the gold by the price of the gold. The Reserve Bank of India instructed the bank to charge an average of 22 carats of gold in the past 30 days and adjust it based on the purity of the gold. Therefore, if the gold is pure 20-carat gold, Indian Bank will change the value of the gold by multiplying the 30-day average of 22-carat gold by 20/22. You can also check today’s gold exchange rate on Dialabank.com. 
    •  Loan-to-value ratio: After calculating the value of the jewellery, Indian Bank will use up to 75% of the LTV to calculate the eligibility for the jewellery loan amount. If you are willing to borrow at a price lower than the higher LTV, then Indian Bank can provide you with a lower interest rate.

    Indian Bank Gold Loan Rate Per Gram by Gold Purity

    The table below estimates the gold loan per gram that Indian Bank would offer against 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

    Indian Bank Gold Loan Rates Per Gram

    For Indian Bank loans, the current interest rate per gram is ₹ 3,506 to ₹ 4,621. The LTV of 22 karat gold jewellery is estimated to be 75%. The price of gold fluctuates on a daily basis based on loans per gram.

    Updated - Gold Loan Per Gram Rate w.e.f Jun 21 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

    India is one of the world’s largest buyers of gold. Gold is preferred by Indians because it is regarded as a “safe” investment. Investors monitor the market closely to understand price changes that affect demand. Take a look at the following historical gold loan interest rates per gramm

    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 Indian Bank Gold Loan amount

    • Indian Bank accepts both marked and unmarked jewellery for gold loans. If you own one-of-a-kind jewellery, Indian Bank will give you the highest gold loan per gram because the appraiser is unlikely to undervalue your benefits. Furthermore, some financial institutions charge lower transaction fees for gold-plated jewellery.
    • Each gram of gold loans obtained from Indian Bank constitutes purity at the price of 22 carats of gold. As a result, if you want to borrow the most gold money, you can do so from higher-purity jewellery when you need it.Allahabad Bank Gold Loan Per Gram
    • Indian Bank will determine the gold loan you should bear based on the net weight of the jewellery per gram. Choose jewellery with a few gems as possible. The importance of gems and rocks is usually deducted from the total weight of the jewellery by most banks. The net weight will be determined by Indian Bank’s gold appraiser’s analysis. As more diamonds and gemstones are added to a piece of jewellery, the overall weight and value of that piece of jewellery decrease, allowing you to qualify for a lower jewellery loan. In the goldfield, the standard strategy is to aim for the highest LTV. The Reserve Bank of India has authorised Indian Bank to charge up to 75% of the LTV when calculating interest.
    • In the goldfield, the standard strategy is to aim for the highest LTV. When calculating your eligible gold loan amount, the Reserve Bank of India has authorised Indian Bank to charge up to 75% of the LTV.


    gold loan at 7%

    हिंदी में पढ़े | தமிழில் படியுங்கள்

    Illustration:

    The purity of the gold, the loan-to-value ratio (LTV), and the weight of the gold is used to calculate the loan amount.

    Assume Ajay, Abhishek, and Jyoti each have a different amount of gold of varying purity. Ajay is the proud owner of 70 gram of 18-karat gold. Jyoti owns 50 gram of 22-karat gold, while Abhishek owns 60 gram of 20-karat gold. Indian Bank has accepted gold loan applications.

    The price for calculating your total gold loan qualification based on a maximum of 75% LTV will vary depending on the purity of the gold, resulting in different gold loan qualifications.

    Jyoti will receive the lowest rate of Indian Bank’s Rs 2,27,000 gold loan because she has the highest LTV to calculate the gold loan qualification price’s price based on the purity of 75%. Different qualifications for obtaining gold loans are associated with gold. Jyoti will receive a minimum of Rs. 2,27,000 in gold loans from Indian Bank because her minimum gold weight is 50 gram.

    Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
    Ajay 70 18 ₹ 2.60 Lakh
    Abhishek 60 20 ₹ 2.48 Lakh
    Jyoti 50 22 ₹ 2.27 Lakh