Kaveri Grameena Bank Gold Loan Per Gram

GET GOLD LOAN
AT LOWEST INTEREST RATE

⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

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    Kaveri Grameena Bank Gold Loan Per Gram

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

    Gold Loan Interest Rate 7.0% per annum
    Gold Loan Rate Per Gram
    The rate Per Gram is ₹ 3,506 to ₹ 4,621
    Processing Fee
    0.75% of the Principal Loan Amount
    Maximum Loan Amount
    Up to Rs. 1 Crore
    Minimum Loan Amount
    75% LTV
    Gold Prepayment Charges
    2%+GST (Within 3 Months), 0 (After 3 months)
    Gold Repayment Tenure
    Up to 36 Months
    Gold Repayment Scheme
    Bullet Payment Scheme, Overdraft Scheme

     

    Kaveri Grameena Bank Gold Loan Per GramIn the state of Karnataka, Kaveri Gramin is a rural bank. In the year 2012, it was created after the merger of the  Cauvery Kalpatharu Grameena Bank, Chikmagalur Kodagu Grameena Bank, and Vishvesvaraya Grameena Bank. In addition, the bank has a large network in ten districts throughout south Karnataka. The bank’s headquarters is situated in Mysore. The bank offers a wide variety of financial products to its customers, including Gold Loans, Personal Loans, Home Loans, and more. Kaveri Grameena Bank Gold Loan Per Gram is one of the bank’s best offerings.

    Gold Loan Calculator Kaveri Grameena Bank

    Based on the factors below, Dialabank’s Gold Loan Calculator calculates the amount of gold loan you can receive.

    • The purity and net weight of gold in your jewellery will be determined by the bank’s in-house assessor.
    • The gold used in the jewellery should be between 18 and 24 carats pure.
    • To calculate the net weight, the bank will subtract the weight of gems and stones from the total weight of the jewellery.
    • The valuer determines the value of your jewellery by multiplying the purity and net weight of gold in it by the current gold price.
    • The bank will use an LTV of up to 75% to determine your jewel loan amount eligibility.

    Kaveri Grameena Bank Gold Loan Rate Per Gram by Gold Purity

    The table given below depicts an estimation of Kaveri Grameena Bank Gold Loan Per Gram offers against various purity levels of gold jewellery at a highest LTV of 75% and a relatively low 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

    Kaveri Grameena Bank Gold Loan Rates Per Gram

    Updated - Gold Loan Per Gram Rate w.e.f Sep 25 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

    Gold is still important in our culture and society today; we use it to make our most prized possessions, such as wedding rings, Olympic medals, and wealth. Any other stones, crystals, or metals attached to the gold ornaments will be excluded for valuation purposes when applying a gold loan.

    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

    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 Kaveri Grameena Bank

    • For a gold loan, the bank may accept either hallmarked or non-hallmarked jewellery.
    • Some banks, on the other hand, have lower processing fees for hallmarked gold jewellery.
    • When it comes to a gold loan, borrowing against higher purity jewellery can also get you even more money.
    • The simplest jewels with the fewest gems and stones are preferred.  The weight of gems and stones will be omitted from the actual weight of the jewellery by most of the banks.
    • If the gold used in the jewellery is less than 18-carat purity, the Bank will not sanction it.
    • Using a cumulative LTV of up to 75 per cent, the RBI assists the bank in calculating the amount of gold loan you owe.


    gold loan

    Example: The loan sum is determined by the purity of gold, the LTV, and the weight of gold. Assume Mr Ram and his two mates, Mr Kesav and Mr Ashwith, each own differing quantities of gold of various purity. Mr Ram owns 70 grammes of gold with an 18-carat purity. Mr Kesav has 60 grammes of gold that is 20 carats pure, while Mr Ashwith 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 Ram 70 18 ₹ 2.60 Lakhs
    Mr Kesav 60 20 ₹ 2.48 Lakhs
    Mr Ashwith 50 22 ₹ 2.27 Lakhs

    Mr Ashwith, 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 Ram has more gold weight, the Bank will give him the highest gold loan sum of Rs 2.60 lakh in the same example.

    Kaveri Grameena Bank Gold Loan Per Gram FAQs

    ✅ What is Kaveri Grameena Bank Gold Loan scheme?

    Kaveri Grameena 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 Kaveri Grameena Bank and other leading banks and non-banking financial companies. The current rate for Kaveri Grameena Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

     How much Gold Loan can I get per gram in Kaveri Grameena Bank?

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

    ✅ How is Kaveri Grameena Bank Gold Loan Per Gram calculated?

    The Kaveri Grameena Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Kaveri Grameena 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.