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Saurashtra Gramin Bank Gold Loan Per Gram

Saurashtra Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621

Saurashtra Gramin Bank 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 jewelry and gold coins of 18-24 carats
Loan To Value 25% of the gold ornament’s market value

The Saurashtra Gramin Bank Gold Loan is help offered by the bank that permits clients to utilize the gold they own to apply for a gold credit to meet their monetary requirements. The Saurashtra Gramin Bank enjoys numerous benefits just as a low-loan fee.

Saurashtra Gramin Bank Gold Loan Calculator                          Saurashtra Gramin Bank Gold Loan

  • Nobility and netload of gold used in improvements: Gold used in pearls ought to be somewhere inside the extent of 18 and 24 carats unadulterated. to discover web weight, the Saurashtra Gramin will eliminate the significance of gems and stones from the firm weight of the jewels.
  • Saurashtra Gramin Bank will assemble the impeccability and netload of gold in your upgrades by the cost of gold to choose its value. The Federal Reserve Bank of India has affected Indian banks to utilize the 30-day common cost of 22-carat gold, changed in accordance with goodness. You can now check the latest gold rate at Dialabank.
  • Credit to Value Ratio: After picking the value of your pearls, Saurashtra Gramin Bank will utilize a LTV of up to 75% to choose your capacity for a jewel advance. Saurashtra Gramin Bank will offer you a lower financing cost in case you essentially can take an improvement total that may not by and huge your most imperative LTV.

Saurashtra Gramin Bank Rate Per Gram by Gold Purity

The report under presents an appreciation of the gold development per gram that Saurashtra Gramin Bank would give opposite gold enhancements of various fairness levels at a most limit 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

Saurashtra Gramin Bank Gold Loan Rates Per Gram

The following table shows Saurashtra Gramin Bank Loan Rates per gram – Jun 24 2021

Updated - Gold Loan Per Gram Rate w.e.f Jun 24 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 

Indians are in the world’s driving clientele of gold. Indians will overall buy gold because it is seen as ‘secured’ theory. Economic sponsors study the business areas at differences in costs, which straight interest exists. Allow us to look at the give essential chronicled gold credit rates per gram referred to under:

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

Major Banks Gold Loan Per Gram Rate Comparison

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 Amount Per Gram from Saurashtra Gramin Bank

For a gold credit, Saurashtra Gramin Bank perceives both hallmarked and non-stamped points, hence if you have brand name pearls, you can get the most raised Saurashtra Gramin Bank gold credit per gram considering the way that the valuer is less arranged to criticize it. Also, some cash related affiliations charge lower exchange costs for hallmarked gold pearls.

The Saurashtra Gramin Bank Gold Loan Per Gram changes the cost of 22-carat gold to address perfection. Appropriately, get against higher-flawlessness embellishments if conceivable, as this will get you the most cash for a gold credit.

Saurashtra Gramin Bank Gold Loan will utilize the net store of your improvements to pick the extent of gold advancement you are prepared for. Per Gram Gold Advance from Saurashtra Gramin Bank, Choose jewels with the least pearls and stones however much as could be expected. The generosity of pearls and stones will be deducted from the general pile of the jewels by a huge part of the banks. To pick the net weight, Saurashtra Gramin Bank will rely on the evaluation of its gold valuer. As more jewels and stones are intersected to pieces of pearls, the right weight and face value of the piece shortage, completing a not so good jewel advance are ready to see.


gold loan

Example: The development entirety is directed by the flawlessness of gold, the LTV, and the greatness of gold. Anticipate that Kunal, Karan, and Sonali each own differentiating measures of gold of evolving temperance. Kunal has 70 grams of gold with 18-carat goodness. Karan has 60 grams of gold that is 20 carats unadulterated, and Sonali has 50 grams of gold that is 22 carats unadulterated. They apply for a gold credit with Saurashtra Gramin Bank. The worth used to choose their gold credit complete capability subject to the best LTV of 75% would move dependent upon the prudence of gold, achieving different gold development capabilities.

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

Sonali, who has the littlest gold load of 50gm, will get the most minimal gold advance pace of 2.27 Lakh from Saurashtra Gramin Bank, as found in the representation above.

Since Kunal has the most gold weight, Saurashtra Gramin Bank will give him the most elevated gold advance amount of Rs 2.60 lakh in a similar model.