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    KLM Gold Loan Per Gram

    KLM Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621

    KLM Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
    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 jewellery and gold coins of 18-24 carats
    Loan to Value 75% of the gold ornament’s market value

    The KLM Gold Loan Rate Per Gram today is ₹ 3,506 to ₹ 4,621. The interest rate offered by this bank starts from 7%. The processing fee that the applicant would have to pay would range from 1.50% of the principal loan amount and can go higher as well, depending on the scheme. The loan tenure is from 3 months to 24 months, which is approximately 2 years. They offer various loan repayment schemes such as bullet repayment scheme and overdraft scheme. An individual can avail up to Rs. 1 crore with sufficient income proof in the gold loan offered by KLM.

    Gold loan calculator KLM

    • Net weight and purity of the gold: banks are typically known to use their in-house valuers to do an assessment to check the purity and the net weight of the gold in your jewellery. The gold in the given jewellery should have a purity ranging from 18 to 24 carats if you want to avail of this loan. The bank themselves would reduce the weight of gems and stones in your jewellery, and only calculated the net weight of gold present in the given jewellery.  KLM Gold Loan Per Gram
    • The price of the gold: After making an approximation about the purity and calculating the net weight of the gold in your pledged jewellery. The Reserve Bank of India has given clear instructions to the banks to have a copy of the past 30 days average price of 22-carat gold, adjusted for the purity of the gold. Using this, the exact value of the gold that has been pledged is calculated.
    • Loan to Value ratio: After the value of the jewellery has been calculated, the bank would apply an LTV of up to 75% to make a total calculation of your jewel loan amount eligibility.

    KLM Gold Loan Rate Per Gram by Gold Purity

    The following table gives an estimate of the gold loan per gram that KLM offers for gold jewellery of purity rates ranging from 65% to 75%.

    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

    KLM Gold Loan Rate Per Gram

    The table that is given below shows the KLM Gold Loan Rate Per Gram- Updated Jun 21 2021

    Updated - Gold Loan Per Gram Rate w.e.f Jun 21 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

    Historically, Indians are known to be the largest consumers of gold, over the years the trend still hasn’t changed. It has only continued to grow more and more to the point where it constitutes a large number of imports to the country. Indians tend to believe that investing in gold is one of the safest investments that they would do in their lifetime.

    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
    Manappuram
    Axis Bank
    Yes Finance
    Interest Rate
    9.90%
    12.50%
    9.99%
    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
    3,124
    3,073
    3,069

    Tips to getting Best Gold Loan Amount Per Gram from KLM

    • KLM accepts both hallmarked and non-hallmarked jewellery for the availing of a gold loan. However, the chances of availing of a higher loan amount are possible if hallmarked jewellery is pledged. Some banks would even reduce the processing fees if the same is pledged.
    • The bank is then supposed to adjust the price of 22-carat gold for the purity of the gold. Try and make sure you try to borrow against higher purity jewellery as it would get you a higher loan amount.
    • KLM would then calculate the total weight of your jewellery to verify the loan amount that you would get. Try and ensure that you pledge jewellery that has minimal stones and gems and has more gold. The higher the weight of the gold that is being pledged, the more the money that is availed as a gold loan.
    • Always try to get the maximum LTV on the value of gold. KLM is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

    gold loan at 7%

    हिंदी में पढ़े | தமிழில் படியுங்கள்

    ILLUSTRATION: The loan amount eligibility is decided on the basis of purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 70 gram of gold with a purity of 18 carats. Mr B has 60 gram of gold with a purity of 20 carats and Mr C has 50 grams of gold with purity or 22 carats. They approach KLM to avail themselves of a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold and hence, will result in varying gold loan eligibility.