State Bank of Bikaner and Jaipur Gold Loan Per Gram

State Bank of Bikaner and Jaipur Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350

State Bank of Bikaner and Jaipur Gold Loan Per Gram Gold Loan Calculator

Dialabanks’s Gold Loan Calculator can provide you with an estimate of the amount of gold loan you can use based on the following factors

• Gold purity and net weight for jewellery: The bank will use its internal appraiser to evaluate the purity and net weight of the gold in your jewellery. The gold used in jewellery must be 18-24 carats pure. State Bank of Bikaner and Jaipur will also reduce the weight of gems in the jewellery to calculate the net weight of the jewellery. The appraiser will conclude writing. 
• Gold Price: After the appraiser estimates the purity and net weight of the gold in the jewellery, State Bank of Bikaner and Jaipur will multiply it by the gold price to calculate the gold value. The Reserve Bank of India instructed the bank to adopt the average cost of 22 carats of gold for the last 30 days adjusted for gold purity. Therefore, if the gold is 20-carat pure gold, State Bank of Bikaner and Jaipur will change the value of the gold by multiplying the 30-day average of 22-carat gold by a factor of 20/22. You can also check today’s gold exchange rate at Dialabank.com. 
•  Loan-to-value ratio: After calculating the jewellery value, State Bank of Bikaner and Jaipur will use up to 75% of the LTV to calculate the eligibility for the jewellery loan amount. If you are willing to borrow at a price lower than the highest LTV, State Bank of Bikaner and Jaipur can provide you with a lower interest rate.

State Bank of Bikaner and Jaipur Gold Loan Rate Per Gram by Gold Purity

The table below estimates the gold loan per gram that State Bank of Bikaner and Jaipur would provide against gold jewellery of various purity levels at a maximum LTV of 75% and a lower LTV of 65%.

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

State Bank of Bikaner and Jaipur Gold Loan Rates Per Gram

The current State Bank of Bikaner and Jaipur Loan interest rate per gram is ₹ 3,800 to ₹ 4,350. The LTV of 22-carat jewellery is estimated to be 75%. The price of gold changes on a daily basis based on the loan per gram.

Historical Gold Loan Rates Per Gram

India is one of the world’s largest buyers of gold. Indians prefer gold because it is regarded as a “secure” investment. Investors keep a close eye on the markets for price changes that impact demand. Take a look at the comprehensive historical gold loan rates per gram listed below:

Major Banks Gold Loan Per Gram Rate Comparison

Tips for obtaining the highest State Bank of Bikaner and Jaipur Gold Loan amount

• For gold loans, State Bank of Bikaner and Jaipur accepts both marked jewellery and unmarked jewellery. If you own one-of-a-kind jewellery, you will get the highest State Bank of Bikaner and Jaipur gold loan per gram because the appraiser is unlikely to underestimate you. Also, some financial institutions charge lower transaction fees for jewellery marked with gold jewellery. 
•  At the price of 22 karat gold, State Bank of Bikaner and Jaipur’s gold loan per gram constitutes purity. So if you want to borrow the most money in gold, you can borrow money from higher purity jewellery when needed.  
•  Gold Loan Per Gram the State Bank of Bikaner and Jaipur will determine which gold loan you are responsible for based on the net weight of your jewellery. Choose jewellery with a few jewels and gems as possible. Most banks subtract the weight of gemstones and rocks from the total weight of the jewellery. The analysis of the gold appraiser at State Bank of Bikaner and Jaipur will determine the net weight. As more diamonds and gemstones are applied to a piece of jewellery, the total weight and value of that jewellery will decrease, making you eligible for a lower jewellery loan. 
• In gold, the usual approach is to strive for the largest LTV. The Reserve Bank of India has approved State Bank of Bikaner and Jaipur to charge up to 75% of LTV when calculating its eligible gold loan amount.

Illustration:

The loan amount is calculated by the purity of the gold, the loan-to-value (LTV), and the weight of the gold. Let us think that each of Ajay, Abhishek, and Jyoti owns a different amount of gold with varying purity levels. Ajay owns 70 gms of 18-carat gold. Jyoti has 50 gms of 22-carat gold, while Abhishek has 60 gms of 20-carat gold. State Bank of Bikaner and Jaipur has accepted their application for a gold loan. The price used to calculate their gold loan sum eligibility based on a maximum LTV of 75% would differ depending on the purity of gold, resulting in different gold loan eligibility. Jyoti will receive the lowest gold loan rate of 2.27 lakh from State Bank of Bikaner and Jaipur because she has the The price used to calculate their gold loan sum eligibility based on a maximum LTV of 75% would vary depending on gold purity, resulting in different gold loan eligibility. Because she has the smallest gold weight of 50gm, Jyoti will receive the lowest gold loan rate of 2.27 lakh from State Bank of Bikaner and Jaipur.