Pragathi Krishna Gramin Bank Gold Loan Per Gram

Pragathi Krishna Gramin Bank Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350

On August 23, 2013, Pragathi Krishna Gramin Bank was founded as a rural bank. This Bank’s headquarters is in Ballari. It was founded by the merger of two rural banks: Pragathi Gramin Bank, which Canara Bank funded, and Krishna Grameena Bank, which the State Bank of India sponsored. Finally, the Bank serves a large network of 11 Karnataka districts in the state’s eastern region. Customers may also take advantage of a variety of financial services provided by this Bank. Personal loans, gold loans, home loans, and several other types of loans are available.

Gold Loan Calculator Pragathi Krishna Gramin Bank

The Gold Loan Calculator from Dialabank calculates the value of a gold loan based on the factors mentioned below.

• The Bank’s in-house inspector will calculate the purity and net weight of gold in your jewellery. The gold used in the jewellery should be between 18 and 24 carats pure.
• To determine the relative 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.

Pragathi Krishna Gramin Bank Gold Loan Rate Per Gram by Gold Purity

The table given below shows the Pragathi Krishna Gramin Bank Gold Loan Per Gram, and these vary based on the gold’s carat.

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

Pragathi Krishna Gramin Bank Gold Loan Rates Per Gram

Historical Gold Loan Rates Per Gram

India’s gold consumers are among the most influential in the world, accounting for a significant portion of the country’s total imports. Investors are therefore tracking the markets for price shifts that might impact the stock.

Gold Loan Per Gram Rate Comparison for Major Banks

Tips to getting Best Gold Loan Amount Per Gram from Pragathi Krishna Gramin Bank

• You must be aware of the gold standard that counts for a gold loan.
• The gold used as security for a gold loan should have 18 to 22 carats or greater purity. The value of precious stones set in gold jewellery is not taken into account.
• It is also important for borrowers to read the loan agreement’s terms and conditions carefully.
• Furthermore, if you do not repay the gold loan on time, you risk losing the gold or gold jewellery that you were promised. You will be overworked as a result of this.
• As a result, it’s important to consider whether you’ll be able to repay the gold loan on time.

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.

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.

Pragathi Krishna Gramin Bank Gold Loan Per Gram FAQs

✅ What is the Pragathi Krishna Gramin Bank Gold Loan scheme?

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

✅ How much Gold Loan can I get per gram in Pragathi Krishna Gramin Bank?

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

✅ How is Pragathi Krishna Gramin Bank Gold Loan Per Gram calculated?

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