Jharkhand Gramin Bank Gold Loan Per Gram

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Jharkhand Gramin Bank Gold Loan Per Gram

Jharkhand Gramin Bank Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

 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 Gold Loan Per GramJharkhand 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

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

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 Jan 27 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

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

Gold Loan Per Gram Rate Comparison for Major Banks

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 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%.

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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.