Purvanchal Bank Gold Loan Per Gram

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    Purvanchal Bank Gold Loan Per Gram

    Purvanchal Bank Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

    Purvanchal 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.
    Purity of Gold 18 carat to 22 carat
    Type of Gold Gold jewelry and gold coins of 18-24 carats
    Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

    Purvanchal Bank Gold Loan Per Gram Gold Loan Calculator

    The Purvanchal Bank gold loan per gram calculator helps you calculate the EMI amount you must pay monthly in monthly instalments. An EMI is calculated using the loan amount, loan term, and interest rate. A gold loan calculator takes into account the following essential factors:

    • Purvanchal Bank Gold Loan Per GramThe greater the loan amount, the greater the EMI amount.
    • The EMI value rises in direct proportion to the interest rate.
    • The longer the loan term, the lower the EMI amount.

    Check the Latest Gold Price

    Purvanchal Bank Gold Loan Rate Per Gram by Gold Purity

    The interest rate per gram of gold loan at Purvanchal Bank is ₹ 2,900 to ₹ 3,450. The maximum LTV for 22 karat jewellery is 75%, and the minimum LTV is 65%. The loan per gram fluctuates daily based on the price of gold.

    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

    Purvanchal Bank Gold Loan Rates Per Gram

    Purvanchal Bank Loan interest rate per gram is currently ₹ 2,900 to ₹ 3,450. The LTV of 22-carat jewellery is calculated to be 75%. The price of gold fluctuates daily based on the loan per gram.

    Updated - Gold Loan Per Gram Rate w.e.f Aug 08 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

    Gold price trends can help predict future volatility and develop appropriate investment strategies.

    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

    Major Banks Gold Loan Per Gram Rate Comparison

    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 for obtaining the highest Purvanchal Bank Gold Loan amount

    • Purvanchal Bank provides gold jewellery with or without stamps. However, you can get a gold loan from the Purvanchal Bank, which contains the highest amount of gold per gram, thus reducing the understatement of the appraiser. In addition, some banks charge lower handling fees when buying contrast gold jewellery.
    • Purvanchal Bank adjusted the price of 22 carats of gold based on purity. Therefore, you should always try to borrow money from the purest jewellery because you will get the most gold loans. 
    • Find the LTV with the highest gold value. When calculating the number of eligible gold loans, the Reserve Bank of India allows Purvanchal Banks to charge up to 75% of LTV fees.

    GOLD LOAN @ 0.49%*

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    Gold News

    • Today, the price of gold reached a four-month high, while the price of silver rose.

    The price of gold and silver in the Indian market rose today due to a positive signal from the global market. On the MCX, gold gained 0.24 % to a nearly four-month high of Rs 48,519, while silver gained 0.5 % to Rs 71.440 per kilo. Gold fell 0.22% on the last trading day, while silver fell 1.7 %.

    • The second tranche of the Sovereign Gold Bond issue is now available for purchase.

    The second tranche of the sovereign gold bond scheme 2021-22 becomes available for subscription on Monday, May 24, 2021. Investors will be able to participate in the offering between May 24 and May 28. The second tranche is set to be released on June 1.

    Purvanchal Bank Gold Loan Per Gram FAQs

    ✅ What is the Purvanchal Bank Gold Loan Per Gram scheme?

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

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

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

    ✅ How is Purvanchal Bank Gold Loan Per Gram calculated?

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