Jharkhand Gramin Bank Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350
| Interest Rate | Starting 10.70% |
| Gold Required | Minimum 18 Cr |
| Processing Fee | 1% or ₹1000 whichever is higher |
| Amount | Up to Rs. 1 Crore (With Income Proof) |
| Prepayment Charges | 0-1% |
| Repayment Tenure | Up to 36 months |
| Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Jharkhand Gramin Bank was founded in 2006 when 3 regional rural banks merged. Ranchi Kshetriya Gramin Bank, Singhbhum Kshetriya Gramin Bank, Giridih Kshetriya Gramin Bank, and Hazaribag Kshetriya Gramin Bank. Ranchi has the bank’s headquarter.
A gold loan is a type of financial service in which the borrower simply deposits gold jewellery in the bank in exchange for the loan sum. Because of its lower interest rates and easy accessibility, it is one of the most popular services.
Gold Loan Calculator Jharkhand Gramin Bank
Dialabank’s Gold Loan Calculator measures the value of a gold loan you can get based on the factors below.
- The bank’s in-house surveyor will calculate the purity and net weight of gold in your jewellery. The gold submitted with Jharkhand Gramin Bank must have a purity of 18 to 24 carats.
- The bank will remove the weight of gems and stones from the total weight of the jewellery to assess the relative weight.
- By multiplying the purity and net weight of gold in your jewellery by the current gold price, the valuer calculates its worth.
- To evaluate your jewel loan sum eligibility, the bank will use an LTV of up to 75%.
Jharkhand Gramin Bank Gold Loan Rate Per Gram by Gold Purity
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying 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 table above shows an estimation of Jharkhand Gramin Bank Gold Loan Per Gram you will get against various purity levels of gold jewellery at a higher LTV of 75% and a lower LTV of 65%.
Jharkhand Gramin Bank Gold Loan Rates Per Gram
Jharkhand Gramin Bank provides gold loans per gram at reasonable interest rates that differ according to the amount borrowed.
Updated - Gold Loan Per Gram Rate w.e.f Apr 25 2024
Gold Weight
Gold Purity
24 CaratGold Purity
22 CaratGold Purity
20 CaratGold 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
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)
2023
₹ 54,699
1994
₹ 4,598
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
Tips to getting Best Gold Loan Amount Per Gram from Jharkhand Gramin Bank
- Jharkhand Gramin Bank Gold Loan accepts both hallmarked and non-hallmarked jewellery.
- Certain banks, on the other hand, charge lower processing fees for hallmarked gold jewellery.
- When it comes to a gold loan, borrowing against higher purity jewellery will also get you the most money.
- Tend to favour jewels with the fewest gems and stones available. The weight of gems and stones will be excluded from the overall weight of the jewellery by the majority of banks.
- If the gold used in the jewellery is less than 18-carat purity, Jharkhand Gramin Bank Gold Loan will not allow it.
- The RBI allows the bank to measure the amount of gold loan you’re responsible for using a maximum LTV of up to 75%.
GOLD LOAN @ 0.75%*
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Example: The Bangiya Gramin Vikash Bank Gold Loan sum is determined by the purity of gold, the LTV, and the weight of gold. Assume Mr Tarun and his two mates, Mr Kumar and Mr Suvash, each own differing quantities of gold of various purity. Mr Tarun owns 70 grammes of gold with an 18-carat purity. Mr Kumar has 60 grammes of gold that is 20 carats pure, while Mr Suvash has 50 grammes of gold that is 22 carats pure. They apply for a gold loan. The price used to determine their gold loan sum eligibility based on a maximum LTV of 75% would vary depending on the purity of gold, resulting in different gold loan eligibility.
| Carats / Weight Of Gold | Gold Weight (In Gm) | Purity Of Gold (In Carat) | Gold Loan Eligibility |
| Mr Tarun | 70 | 18 | ₹ 2.60 Lakhs |
| Mr Kumar | 60 | 20 | ₹ 2.48 Lakhs |
| Mr Suvash | 50 | 22 | ₹ 2.27 Lakhs |
Mr Suvash, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from the Bank, as seen in the illustration above. Since Mr Tarun has more gold weight, the Bank will give him the highest gold loan sum of Rs 2.60 lakh in the same example.
Jharkhand Gramin Bank Gold Loan Per Gram FAQs
✅ What is Jharkhand Gramin Bank Gold Loan scheme?
Jharkhand Gramin 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 Jharkhand Gramin Bank and other leading banks and non-banking financial companies. The current rate for Jharkhand Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.
✅ How much Gold Loan can I get per gram in Jharkhand Gramin Bank?
Jharkhand Gramin Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Jharkhand Gramin Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.
✅ How is Jharkhand Gramin Bank Gold Loan Per Gram calculated?
The Jharkhand Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Jharkhand Gramin 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.
