State Bank of Travancore Gold Loan Per Gram

AT 0.49%* INTEREST RATE
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State Bank of Travancore Gold Loan Per Gram

State Bank of Travancore Gold Loan Per Gram rate is ₹ 2,900 to ₹ 3,450

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 jewellery and gold coins of 18-24 carats
Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

 

Gold Loan is a product offered by the State Bank of Travancore to address the financial demands of customers who require money right now or in the event of a financial emergency. The Gold loan was created to help middle- and low-income borrowers get speedy finance for a variety of objectives. We offer a practical option for dealing with short-term financial problems.

Weddings, schooling, business expansion, and other such purposes are all possible with funds from the State Bank of Travancore Gold loan. A State Bank of Trancove gold loan is simple to obtain and will assist you in achieving your financial obligations. The State Bank of Travancore Gold Loan features a number of advantages, including a quick processing time, low interest rates, and a middle processing time.

State Bank of Travancore Gold Loan Calculator:

The gold loan calculator can be found at The State Bank of Travancore gold loan will be given to you based on a set of requirements, therefore here are some guidelines:

  • State Bank of Travancore Gold Loan Per GramThe purity and net weight of gold in your jewellery will be determined using the purity and net weight of gold in your jewellery by the bank’s in-house valuer. The gold used in the jewellery should have a purity of 18 to 24 carats. The State Bank of Travancore gold loan would remove the weight of diamonds and stones from the net weight of the jewellery to arrive at the net weight.
  • Banks have been advised by the Reserve Bank of India to use a 30-day average price of 22-carat gold that has been adjusted for purity. If the gold is 20-carat pure, the IIFL gold loan adjusts the value by multiplying 20/22 by the 30-day average of 22-carat gold. Dialabank now has a gold rate calculator that is up to date.
  • After estimating the value of your stones, a standard chartered gold loan would assess your jewel loan amount eligibility utilising an LTV of up to 75%. The State Bank of Travancore gold loans may be able to offer you a reduced interest rate if you are ready to take a loan amount that is less than your maximum LTV.

The State Bank of Travancore Gold Loan Rate Per Gram by Gold Purity:

At a maximum LTV of 75 percent and a lesser LTV of 65 percent, the table below displays an estimate of the gold loan per gramme that IIFL gold loan will issue against various purity levels of gold jewellery. The State Bank of Travancore offers a gold loan of Rs 5,121 based on current gold prices.

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

The State Bank of Travancore Gold Loan Rates Per Gram:

The State Bank of Travancore gold loan per gram offers a gold loan of Rs 5,121 based on current gold prices. The average cost of a gold loan in the last 30 days in 2021 is 3,506 to 4,621 of my 22-carat, according to the State Bank of Travancore Gold Loan Per Gram Rate today, with 22-carat dresses cut on the greatest LTV 90 percent and the average cost of a gold loan in the last 30 days in 2021 is 3,506 to 4,621 of my 22-carat.

Updated - Gold Loan Per Gram Rate w.e.f Feb 01 2023

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

Gold Loan Rates Per Gram History:

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

Comparison of Gold Loan Per Gram Rates by Major Banks:

Here’s a table with all the information you’ll need to compare the gold rates offered by the banks listed below:

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 Getting the Most Money from State Bank of Travancore Bank gold loan:

  • A gold loan from the State Bank of Travancore is available in both hallmarked and non-hallmarked jewellery. You can get the greatest gold loan per gramme because the valuer is less inclined to undervalue hallmark jewellery. Furthermore, some financial institutions charge a lower processing cost for hallmarked gold jewellery.
  • The State Bank of Travancore gold loan adjusts the price of 22-carat gold to account for purity. As a result, borrow against higher purity jewellery wherever possible, as this will fetch you the most money for a gold loan.
  • Bank Gold will calculate the amount of credit you can acquire against your gold based on the net weight of your jewellery in a typical chartered aeroplane.

State Bank of Travancore Gold Loan Per Gram FAQs

✅ What is the State Bank of Travancore Gold Loan scheme?

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

 How much Gold Loan can I get per gram in State Bank of Travancore?

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

✅ How is State Bank of Travancore Gold Loan Per Gram calculated?

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