Pandyan Grama Bank Gold Loan Per Gram

AT 0.49%* INTEREST RATE
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    Pandyan Grama Bank Gold Loan Per Gram

    Pandyan Grama Bank Gold Loan Per Gram is ₹ 2,900 to ₹ 3,450

    Pandyan Grama Bank Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 2,900 to ₹ 3,450
    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 in Pandyan Grama Bank.
    Purity of Gold 18 carat to 22 carat
    Type of Gold Gold jewellery and gold coins of 18-24 carats
    Loan To Value 25% of the gold ornament’s market value

    Gold Loan Calculator for Pandyan Grama Bank

    • Purity and net weight of gold used in jewellery: Gold should be between 18 and 24 carats pure when used in jewellery. To calculate the net weight, the Pandyan Grama Bank will subtract the weight of gems and stones from the total weight of the jewellery. Then, in a notebook, the appraiser will keep track of his results.
    • To determine its worth, Pandyan Grama Bank will check the purity and net weight of gold in your jewellery and will be multiplied by the price of gold. The Reserve Bank of India has advised Pandyan Grama Bank and other banks to use the 30-day average price of 22-carat gold, adjusted for purity by the Reserve Bank of India. If the gold is 20-carat purity, Pandyan Grama Bank can change the value by using the 30-day average of 22-carat gold multiplied by a factor of 20/22. You can also look up the latest gold rate at Dialabank.
    • Loan To Value – After determining the value of your jewellery, Pandyan Grama Bank will use an LTV of up to 75 per cent to determine your jewel loan sum eligibility. Pandyan Grama Bank will give you a lower interest rate if you are able to take a loan amount that is less than your maximum LTV.

    Pandyan Grama Bank Gold Loan Rate Per Gram by Gold Purity

    The table below shows an estimation that Pandyan Grama Bank Gold Loan Per Gram would provide against gold jewellery of various purity levels at a maximum LTV of 75% and a lower 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

    Pandyan Grama Bank Gold Loan Rates Per Gram

    The following table shows Pandyan Grama Bank Gold Loan Per Gram Rates – Jun 25 2022

    Updated - Gold Loan Per Gram Rate w.e.f Jun 25 2022

    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
    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 get the highest Gold Loan Amount Per Gram from Pandyan Grama Bank

    Pandyan Grama Bank Gold Loan Per Gram

    • For Pandyan Grama Bank Gold Loan Per Gramaccepts both hallmarked and non-hallmarked jewellery. If you have hallmark jewellery, you will get the highest Pandyan Grama Bank gold loan per gramme because the value is less likely to undervalue it. Furthermore, Pandyan Grama Banks charges lower transaction fees for hallmarked gold jewellery.
    • In the price of 22-carat gold, the Pandyan Grama Bank Gold Loan Per Gram accounts for purity. As a result, to get the most money for a gold loan, borrow against higher-purity jewellery if at all necessary.
    • Based on the net weight of your jewellery, Pandyan Grama Bank will determine the amount of loan you are liable for. To improve your chances of getting a Pandyan Grama Bank Gold Loan Choose jewellery with the fewest gems and stones as much as possible. The weight of gems and stones will be subtracted from the overall weight of your jewellery by Pandyan Grama Bank. An analysis conducted by the gold valuers of Pandyan Grama Bank would determine the net weight. As more diamonds and stones are applied the chances of getting a Pandyan Grama Bank Gold Loan is lower as the total weight and value of the gold decrease.
    • In gold, it’s common practice to aim for the maximum possible LTV. The RBI has given Pandyan Grama Bank permission to charge a maximum LTV of up to 75% when calculating the amount of Pandyan Grama Bank Gold Loan Per Gram you are eligible for.

    GOLD LOAN @ 0.49%*

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    ILLUSTRATION: Pandyan Grama Bank Gold Loan is calculated using the purity of gold, the LTV, and the weight of gold. Assume that Ketan, Shubhash, and Ankita owns a different amount of gold, each with a different purity level. Ketan is in possession of 70 grammes of 18-carat gold. Ankita has 50 grammes of 22-carat gold, and Shubhash has 60 grammes of 20-carat gold. They apply for a gold loan at Pandyan Grama Bank. 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. Since she has the smallest gold weight of 50gm, Ankita will receive the lowest gold loan rate of 2.27 lakh from Pandyan Grama Bank.

    Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
    Ketan 70 18 ₹ 2.60 Lakh
    Shubhash 60 20 ₹ 2.48 Lakh
    Ankita 50 22 ₹ 2.27 Lakh

    Ankita, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from Pandyan Grama Bank, as seen in the example above. Since Ketan has the most gold weight, Keta will receive the highest Pandyan Grama Bank Gold Loan Per Gram of Rs 2.60 lakh.

    Pandyan Grama Bank Gold Loan Per Gram FAQs

    ✅ What is Pandyan Grama Bank Gold Loan scheme?

    Pandyan Grama 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 all the leading banks and non-banking financial companies. The current rate for Pandyan Grama Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

     How much Gold Loan can I get per gram?

    The Gold Loan depends upon the purity of your gold. Pandyan Grama Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

    ✅ How is Pandyan Grama Bank Gold Loan Per Gram calculated?

    The Pandyan Grama Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market gold rate. Pandyan Grama Bank Gold Loan Per Gram rate of interest is then calculated based upon a number of factors, including loan amount, loan tenure, relationship with the lender, and loan to value ratio.