Saurashtra Gramin Bank Gold Loan Per Gram

GET GOLD LOAN
AT LOWEST INTEREST RATE

⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

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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 jewellery 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 utilise the gold they own to apply for a gold credit to meet their monetary requirements. As a result, the Saurashtra Gramin Bank enjoys numerous benefits, just as a low-loan fee.

    Saurashtra Gramin Bank Gold Loan Calculator

    • Saurashtra Gramin Bank Gold Loan Per GramNobility 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 utilise the 30-day common cost of 22-carat gold, changed in accordance with goodness.
    • Credit to Value Ratio: After picking the value of your pearls, Saurashtra Gramin Bank will utilise 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 per gram rates – Sep 25 2021

    Updated - Gold Loan Per Gram Rate w.e.f Sep 25 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 a ‘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 criticise 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 Per Gram will utilise 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, He will receive the most elevated Saurashtra Gramin Bank Gold Loan Per Gram amount of Rs 2.60 lakh in a similar model.

    Saurashtra Gramin Bank Gold Loan Per Gram FAQs

    ✅ What is Saurashtra Gramin Bank Gold Loan scheme?

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

    How much Saurashtra Gramin Bank Gold Loan Per Gram can I get?

    The Saurashtra Gramin Bank Gold Loan Per Gram depends upon the purity of your gold. Currently the Saurashtra Gramin Bank Gold Loan Per Gram between ₹ 3,506 to ₹ 4,621.

    ✅ How is Saurashtra Gramin Bank Gold Loan Per Gram calculated?

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