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Kerala Gramin Bank Gold Loan Per Gram

Kerala Gramin Bank Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

Interest Rate 7.0% per annum
Gold Loan Rate Per Gram
Rate Per Gram is ₹ 3,506 to ₹ 4,621
Processing Fee
0.75% of the Principal Loan Amount
Maximum Loan Amount
Up to Rs. 20 lakh
Minimum Loan Amount
75% LTV
Prepayment Charges
2%+GST (Within 3 Months), 0 (After 3 months)
Repayment Tenure
Up to 36 Months
Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme

Kerala Gramin Bank (KGB) is a rural bank in Kerala (RRB). In 2013, South Malabar Gramin Bank and North Malabar Gramin Bank merged to form this bank. It is headquartered in Malappuram, Kerala, India. In addition, the bank is jointly owned by the central and state governments, and it is financed by Canara Bank. As of 2018, it is India’s largest Gramin Bank.

Gold Loan Calculator Kerala Gramin Bank

Kerala Gramin BankBased 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 valuer. 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 overall weight of the jewellery.
  • The valuer determines the worth 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.

Kerala Gramin Bank Gold Loan Rate Per Gram by Gold Purity

At a higher LTV of 75% and a lower LTV of 65 per cent, the table below indicates an estimate of the gold loan per gram that the bank will offer against different purity levels of gold jewellery.

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

Kerala Gramin Bank Gold Loan Rates Per Gram

Kerala Gramin Bank offers gold loans with fair interest rates that vary depending on the amount borrowed.

Updated - Gold Loan Per Gram Rate w.e.f Jun 24 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

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 Kerala Gramin Bank

  • The bank supports both hallmarked and non-hallmarked jewellery for a gold loan.
  • Hallmarked gold jewellery, on the other hand, attracts lower transaction fees from certain banks.
  • Borrowing against higher purity jewellery would also get you the most money when it comes to a gold loan.
  • Prefer jewels with the fewest possible gems and stones. The majority of banks will subtract the weight of gems and stones from the total weight of the jewellery.
  • The Bank would not approve it if the gold used in the jewellery is less than 18-carat purity.
  • The RBI permits the bank to calculate the amount of gold loan you are liable for based on a maximum LTV of up to 75%.


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.