Janalakshmi Small Finance Bank Gold Loan Per Gram

AT 0.49%* INTEREST RATE
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Janalakshmi Small Finance Bank Gold Loan Per Gram

Janalakshmi Small Finance Bank Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

Janalakshmi Small Finance Bank Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 2,900 to ₹ 3,450
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

Janalakshmi Small Finance Bank Gold Loan Per Gram Gold Loan Calculator

  • The purity & net weight of the gold used in jewellery: When used in jewellery, the purity of the gold should be between 18 and 24 carats. To calculate the net weight, Janalakshmi Small Finance Bank will subtract the weight of the gems and gemstones from the total weight of the jewels. In the notebook, the evaluator will keep track of your results. Check the Latest Gold Price
  • To determine your value at Janalakshmi Small Finance Bank, the purity and net weight of the gold in your jewellery will be multiplied by the price of the gold. The Reserve Bank of India recommends that the Bank of India use the 30-day average price of 22 karat gold and adjust it according to the purity of the Reserve Bank of India. If the gold is 20 carats pure gold, Janalakshmi Small Finance Bank can change the value by multiplying the average price of 22 carats for 30 days by a multiple of 20/22. You can also find the latest gold exchange rates on Dialabank. 
  • Valuable Loan-After determining the value of the jewellery, Janalakshmi Small Finance Bank will use up to 75% of the LTV to decide whether or not you are eligible for the amount of the jewellery loan. If your loan is less than the maximum LTV, Janalakshmi Small Finance Bank will give you a lower interest rate.

Janalakshmi Small Finance Bank Gold Loan Rate Per Gram by Gold Purity

Janalakshmi Small Finance Bank’s Interest rate per gram of gold loan is ₹ 2,900 to ₹ 3,450. The maximum LTV for 22 Carat jewellery is 75%, and the minimum LTV is 65%. The loan per gram fluctuates daily based on the price of gold.

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

Janalakshmi Small Finance Bank Loan Interest Rate

Per gram, the current Janalakshmi Small Finance Bank Loan interest rate per gram is ₹ 2,900 to ₹ 3,450. The LTV of 22-carat jewellery is calculated as 75%. Every day, the price of gold fluctuates based on the loan per gram.

Updated - Gold Loan Per Gram Rate w.e.f Feb 01 2023

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

Gold price trends can aid in the prediction of future volatility and the development of appropriate investment strategies.

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

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 Janalakshmi Small Finance Bank Gold Loan amount

  • Janalakshmi Small Finance Bank Gold Loan Per GramJanalakshmi Small Finance Bank provides gold jewellery with and without stamps. However, you can get a gold loan from Janalakshmi Small Finance Bank, which contains the highest amount of gold per gram, thus reducing the appraiser’s understatement. In addition, some banks charge lower handling fees when buying contrast gold jewellery.
  •  Janalakshmi Small Finance Bank adjusted the price of 22 carats of gold based on purity. Therefore, you should always try to borrow money from the purest jewellery because you will get the most gold loans. 
  • Look for the LTV with the highest gold value. When calculating the eligible amount of gold loans, the Reserve Bank of India allows Janalakshmi Small Finance Bank to charge up to 75% of LTV fees.

GOLD LOAN @ 0.49%*

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Illustration:

The loan amount is determined by the purity of gold, the LTV, and the weight of gold. Assume that each of Ajay, Abhishek, and Jyoti owns a different amount of gold, with varying purity levels. Ajay possesses 70 grams of 18-carat gold. Jyoti possesses 50 grams of 22-carat gold, while Abhishek possesses 60 grams of 20-carat gold. Janalakshmi Small Finance Bank accepts their application for a gold loan. The price used to calculate their gold loan sum eligibility based on a maximum LTV of 75% would differ depending on the purity of gold, resulting in different gold loan eligibility.

Jyoti will receive the lowest gold loan rate of 2.27 lakh from Janalakshmi Small Finance Bank because she has the smallest gold weight of 50gm.

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

As shown in the example above, Jyoti, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from Janalakshmi Small Finance Bank. Janalakshmi Small Finance Bank will offer Ajay the highest gold loan amount of Rs 2.60 lakh because he has the most gold weight.

Janalakshmi Small Finance Bank Gold Loan Per Gram FAQs

✅ What is the Janalakshmi Small Finance Bank Gold Loan scheme?

Janalakshmi Small Finance Bank gold loan is a scheme that provides a loan against your gold. Any person in need of quick lump sum money can avail of this facility that is offered by Janalakshmi Small Finance Bank and other leading banks and non-banking financial companies. The current rate for Janalakshmi Small Finance Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

 How much Gold Loan can I get per gram in Janalakshmi Small Finance Bank?

Janalakshmi Small Finance Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Janalakshmi Small Finance Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

✅ How is Janalakshmi Small Finance Bank Gold Loan Per Gram calculated?

The Janalakshmi Small Finance Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Janalakshmi Small Finance Bank Gold Loan Per Gram interest rate is then calculated based on several factors: loan amount, loan tenure, relationship with the lender, and loan to value ratio.