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    J and K Grameen Bank Agriculture Gold Loan

    J and K Grameen Bank Agriculture Gold Loan Features & Benefits

    J and K Grameen Bank Agriculture Gold Loan  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
    Loan to Value Ratio 25% of the gold ornament’s market value

     

    The J and K Grameen Bank Agriculture Gold Loan Rates range from ₹ 3,506 to ₹ 4,621. The Loan to Value Ratio for these J and K Grameen Bank is also 25% of the Gold Ornaments Market Value. The Purity of the Gold for these Agriculture Gold Loan is also in between 18-24 carat Gold.

    J and K Grameen Bank Agriculture Gold Loan Calculator

    • Dialabanks J and K Grameen Bank Agriculture Gold Loan Calculator are used for the Gold Loan Amount estimation.
    • The J and K Grameena Bank has various factors to depend on. Some of them are Purity of the Gold, Price of the Gold and the Loan to Value Ratio.
    • Purity of the Gold: The Purity of the Gold plays a major role in the Gold Loan Calculator of the J and K Grameen Bank Agriculture Gold Loan. The Purity of the Gold Loan ranges from 18-24 carat Gold. They also don’t count the weight of the Gold Gems and stones.
    • Price of the Gold: The Price of Gold depends on the Purity of the Gold. Based on the Purity of the Gold only the Price of the Gold depends. So this is one of the most important things in the Banks.

    J and K Grameen Bank Agriculture Gold Loan Eligibility

    Salaried Individual Age – 21 years to 60 years
    Net Monthly Income – Minimum ₹ 20,000
    Employment Duration – 1-year minimum
    Income Eligibility – Based on Form 16 and salary slip
    Self-Employed Individuals Age – 21-65 years of age
    Minimum ITR  – Rs.2 lakh
    Employment Duration – Minimum 3 years
    Income Eligibility – Depends on the latest Income Tax Returns
    Self-Employed Non-Individuals (Company/Partnership) Minimum ITR  – Rs. 2 lakh
    Employment Duration – 3 years minimum
    The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
    Priority Customers At least 6-month vintage
    Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
    Maximum Loan Amount –  3 times the Average Quarterly Balance of the last 2 Quarter

    Documents Required for J and K Grameen Bank Agriculture Gold Loan

    Category Documents Required
    Identity Proof

     

    (Any 1)

    Passport
    Voter ID
    Aadhar Card
    Driving License
    Address Proof

     

    (Any 1)

    Aadhar Card
    PAN
    Driving License
    Electricity Bill
    Date of Birth Proof

     

    (Any 1)

    Passport
    Birth Certificate
    High School Marksheet
    Driving Licence
    Signature Proof

     

    (Any 1)

    PAN
    Bankers Verification
    Passport
    Income Proof Salary Slip and latest Form No.16
    Bank Statement Last 6 month Bank statement
    Employment Continuity Proof Job card by NREGA
    ITR of Form no. 16
    Salary Slip mentioned with joining date
    Letter of Appointment

    J and K Grameen Bank Agriculture Gold Loan Rate Per Gram by Gold Purity

    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

    In the above table, you can see the Agriculture Gold Loan Rates Per Gram based on the Gold Purity. Based on the Gold Purity the price of the Gold decides. There are both highest and lowest values in the Gold Loan Rates Per Gram based on the Gold Purity.

    J and K Grameen Bank Agriculture Gold Loan Interest Rates Per Gram

    The following table shows the J and K Grameen Bank Agriculture Gold Loan Interest Rates Per Gram – Updated Jun 21 2021

    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

    The following table shows the Historical Gold Loan Rates.

    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

    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 The Highest Agriculture Gold Loan Amount from J and K Grameen Bank

    • There are many factors that can avail the Highest Agriculture Gold Loan Amount from J and K Grameen Bank. These are Purity of the Gold, weight of the Gold, Price of the Gold, Loan to Value Ratio.
    • These are some of the factors that are used for the Agriculture Gold Loan.
    • There is a maximum LTV of 75% in the Agriculture Gold Loans.
    • If you can get the Maximum LTV then you can avail the best Gold Loans. Use the Gold that has no gems and stones.
    • J and K Grameen BVank has a purity of 22 carat Gold in these Agriculture Gold Loans.
    • Banks choose the weight of the Gold LOan. It reduces the weight of the Gold Gems and stones. Because banks reduce these gems and stones which is of no use in the bank.