Rajasthan Marudhara Gramin Bank Gold Loan Per Gram is ₹ 3,800 to ₹ 4,350
Rajasthan Marudhara Gramin Bank Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
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 | 25% of the gold ornament’s market value |
The Rajasthan Marudhara Gramin Bank Gold Loan scheme allows customers to apply for a gold loan using their own gold. The Rajasthan Marudhara Gramin Bank offers a variety of advantages, including a low interest rate.
Gold Loan Calculator for Rajasthan Marudhara Gramin Bank
- Purity and net weight of gold used in jewellery: Gold should be between 18 and 24 carats pure in order to be used in jewellery. The Rajasthan Marudhara Gramin Bank Gold Loan Per Gram calculates the net weight by subtracting the weight of gems and stones from the total weight of the jewellery. The appraiser will maintain a record of his findings.
- To calculate its value, the purity and net weight of gold in your jewellery will be multiplied by the gold price at Rajasthan Marudhara Gramin Bank. The Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity, has been recommended to Indian banks. To change the value of 20-carat gold, Rajasthan Bank will use 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 – Rajasthan Marudhara Gramin Bank will use an LTV of up to 75% to decide your eligibility for a jewel loan after calculating the value of your jewellery. If you can take a loan sum that is less than your maximum LTV, Rajasthan Marudhara Gramin Bank will give you a lower interest rate.
Rajasthan Marudhara Gramin Bank Gold Loan Rate Per Gram by Gold Purity
The table below shows an estimate of how much the Rajasthan Marudhara Gramin Bank Gold Loan Per Gram will provide against various purity levels of gold jewellery at a higher LTV of 75 per cent and a lower LTV of 65 per cent.
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.
Rajasthan Marudhara Gramin Bank Gold Loan Rates Per Gram
The following table shows Rajasthan Marudhara Gramin Bank Gold Loan Per Gram Rates – Apr 26 2024
Updated - Gold Loan Per Gram Rate w.e.f Apr 26 2024 |
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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
India is a major gold buyer in the world. Indians prefer gold because it is regarded as a “secure” investment. Traders keep a close eye on the markets for price changes that could affect demand. Take a look at the following comprehensive 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) |
2023 | ₹ 54,699 | 1994 | ₹ 4,598 |
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 |
HDFC Bank |
Private 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 get the highest Gold Loan Amount Per Gram from Rajasthan Marudhara Gramin Bank
- The Rajasthan Marudhara Gramin Bank accepts both hallmarked and non-hallmarked jewellery for a gold loan. If you have hallmark jewellery, the appraiser is less likely to undervalue it, which means you’ll get the best gold loan per gramme from the Rajasthan Marudhara Gramin Bank. Furthermore, for hallmarked gold jewellery, certain financial institutions charge lower transaction fees.
- The Rajasthan Marudhara Gramin Bank Gold Loan Per Gram accounts for purity in the price of 22-carat gold. As a result, if at all possible, borrow against higher-purity jewellery to get the most money for a gold loan.
- The net weight of your jewellery determines the amount of gold loan you are liable for, according to Rajasthan MarudharaGramin Bank. As much as possible, choose jewellery with the fewest gems and stones. The gold values at the Rajasthan Marudhara Gramin Bank can measure the net weight. The overall weight and value of a piece of jewellery decrease as more diamonds and stones are added, resulting in a lower jewel loan.
- It’s standard practice in gold to strive for the highest possible LTV. When calculating the amount of gold loan you are eligible for, the RBI has given Rajasthan Marudhara Gramin Bank permission to charge a maximum LTV of up to 75%.
GOLD LOAN @ 0.75%*
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ILLUSTRATION: The gold purity, LTV, and gold weight are used to measure the loan amount. Assume that Ajay, Abhishek, and Jyoti each have a different amount of gold and purity level. Ajay has 70 grammes of 18-carat gold in his possession. Abhishek has 60 grammes of 20-carat gold, while Jyoti has 50 grammes of 22-carat gold. They go to the Rajasthan Marudhara Gramin Bank and apply for a gold loan. Depending on the purity of gold, the price used to assess their gold loan amount eligibility based on a maximum LTV of 75% will vary, resulting in different gold loan eligibility.
Carats / Weight Of Gold | Gold Weight (In Gm) | Purity Of Gold (In Carat) | Gold Loan Eligibility |
---|---|---|---|
Ajay | 70 | 18 | ₹ 2.60 Lakh |
Abhishek | 60 | 20 | ₹ 2.48 Lakh |
Jyoti | 50 | 22 | ₹ 2.27 Lakh |
As shown in the example above, Jyoti, who has the smallest gold weight of 50gm, will earn the lowest gold loan rate of 2.27 Lakh from Rajasthan Marudhara Gramin Bank. Ajay will receive the highest gold loan amount of Rs 2.60 lakh from Rajasthan Marudhara Gramin Bank because he has the most gold weight.
Rajasthan Marudhara Gramin Bank Gold Loan Per Gram FAQs
✅ What is Rajasthan Marudhara Gramin Bank Gold Loan scheme?
Rajasthan Marudhara 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 Rajasthan Marudhara Gramin Bank and other leading banks and non-banking financial companies. The current rate for Rajasthan Marudhara Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.
✅ How much Gold Loan can I get per gram in Rajasthan Marudhara Gramin Bank?
Rajasthan Marudhara Gramin Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Rajasthan Marudhara Gramin Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.
✅ How is Rajasthan Marudhara Gramin Bank Gold Loan Per Gram calculated?
The Rajasthan Marudhara Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Rajasthan Marudhara 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.