Telangana Bank Agriculture Gold Loan

GET GOLD LOAN
AT LOWEST INTEREST RATE

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

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    Telangana Bank Agriculture Gold Loan

    Telangana Bank Agriculture Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

    Telangana Bank Agriculture 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
    Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

    Telangana Bank Agriculture Gold Loan Per Gram Gold Loan Calculator

    Based on the following factors, the Dialabank Gold Loan Calculator can provide you with an estimate of the amount of gold loan you can use:

    • Gold purity and net jewellery weight: The bank will use an internal appraiser to determine the purity and net worth—the value of the jewellery. The gold used in jewellery must be pure gold weighing between 18 and 24 carats. In order to calculate the net weight of the jewellery, Telangana Bank will also reduce the weight of the gems in the jewellery. The appraisal will be completed by the appraiser.
    • Gold Price: Once the appraiser has determined the purity and net weight of the gold in the jewellery, Telangana Bank can calculate the value of the gold by multiplying the gold by the gold price. The Reserve Bank of India directed the bank to charge an average of 22 karats of gold over the previous 30 days and adjust the charge based on the purity of the gold. As a result, if the gold is pure 20 karat gold, the value of the gold will be changed by multiplying the average price of 20 karats over 30 days by 20/22. Dialabank.com also has the current gold exchange rate.
    • Loan-to-Value Ratio: After calculating the value of the jewellery, Telangana Bank will use up to 75 per cent of the LTV to determine eligibility for the jewellery loan amount. Telangana Bank Finance may be able to offer you a lower interest rate if you are willing to borrow at a lower price than the higher LTV.

    Telangana Bank Agriculture Gold Loan Eligibility

    Particulars Details
    Minimum Age of the Applicant 18 years
    Maximum Age of the Applicant 60 years for salaried applicants and 65 years for self-employed applicants
    Minimum Annual Income Rs. 100000 net annual income. for salaried individuals,

    and Net profit Rs. 60000 p.m. for Self – Employed individuals

    Car Model Any approved car model
    Type of Employment Salaried or self-employed
    Country or Place of Residence India (rural/semi-urban/urban areas)
    Duration of Stay in Current Residence A minimum of 1 year

    Documents Required for Telangana Bank Agriculture Gold Loan

    Telangana Bank Agriculture Gold Loan Documents Required for Salaried Professional

    Document Requirement
    Identity Proof Aadhaar card
    PAN card
    Driving License
    Passport
    Voter ID
    Address Proof Aadhaar card
    Passport
    Driving License
    Voter ID
    Family card (ration card)
    Utility bill (Electricity, water, or telephone)
    Life insurance policy
    The applicant’s name must be present on the ration card or utility bill.
    Age Proof Birth certificate
    School transfer certificate
    Std. 10 mark sheet
    Aadhaar card
    Income Proof Salary slips
    Form 16
    Income tax return document
    Bank Statement 3 to 6 months bank statement
    Signature Verification Proof Banks have separate forms for applicants to fill up along with their signature
    Proforma Invoice This document contains the price quoted by a dealer for the car chosen by the applicant. The loan amount will be based on the price of the car.

     Telangana Bank Agriculture Gold Loan Documents for Self-Employed Individuals

    Document Requirement
    Identity Proof Aadhar card
    PAN card
    Passport
    Voter ID
    Driving license
    Address Proof Aadhar card
    Passport
    Voter ID
    Driving license
    Ration card
    Utility bill (telephone, electricity, or water)
    Life insurance policy
    Age Proof Birth certificate
    School transfer certificate
    Marksheet
    Aadhaar card
    Bank Statement 3-6 months bank statement
    Business Ownership Proof To prove that the business is under operation, the following can be provided:
    Office address proof
    Maintenance bill
    Utility bill
    Additionally, the applicant must also provide a copy of the business registration license.
    Proof of Income Income tax returns for up to 2 years
    Audited balance sheet
    Profit-loss statement
    Signature Verification Proof Most banks have separate forms to prove the signature of the individual.
    Proforma Invoice A proforma invoice containing the price of the vehicle must also be filed along with the other documents to indicate the desired loan amount. Most banks offer up to 95% of the price of the car as a loan.

    Telangana Bank Agriculture Gold Loan Rate Per Gram by Gold Purity

    The table below calculates the gold loan per gram offered by Telangana Bank against various purity levels of gold jewellery at a maximum 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

    Telangana Bank Gold Loan Rates Per Gram

    For Telangana Bank loans, the current per gram rate is ₹ 3,506 to ₹ 4,621. The LTV of 22 karat gold jewellery is estimated to be 75%. On a daily basis, gold prices fluctuate based on loans per gram.

    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

    The table shows that, with the exception of a few lows in recent years, gold price trends have always been increasing, providing evidence that gold has been a safe investment for a long time.

    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
    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 obtaining the highest Telangana Bank Gold Loan Amount

    • For gold loans, Telangana Bank accepts both marked and unmarked jewellery. If you own one-of-a-kind jewellery, Telangana Bank will provide you with the best gold mortgage per gram because the appraiser will not undervalue your benefits. Furthermore, some financial institutions reduce transaction prices for gold-plated jewellery.
    • Each gram of gold loan received from Telangana Bank has a purity of twenty-two carats of gold. As a result, if you need to borrow the maximum gold money, you could accomplish that from higher-purity jewellery whilst you want it. 

    Telangana Bank Agriculture Gold Loan

    • Telangana Bank will calculate your gold loan based on the net weight of the jewellery per gram. Choose as few gems as possible in your jewellery. Most banks deduct the weight of gemstones and rocks from the total weight of the jewellery. Telangana Bank’s gold appraiser’s analysis will determine the net weight. The overall weight and value of a piece of jewellery decrease as more diamonds and gemstones are added, allowing you to qualify for a lower gold loan.
    • The standard strategy in the gold sector is to aim for the highest LTV. The Reserve Bank of India has authorised Telangana Bank to charge up to 75 per cent of the LTV when calculating your eligible gold loan amount.


    gold loan

    Illustration:

    The purity of the gold, the LTV, and the burden of the gold all make a contribution to the mortgage quantity.

    Assume Aditya and his friends, Bhawani and Chhaya; everyone has a specific amount of gold of various purity. Aditya possesses 70 grams of 18-carat gold. Bhawani keeps 60 grams of 20-carat gold, at the same time as Chhaya has 50 grams of 22-carat gold.

    They apply to Telangana Bank Finance for a gold mortgage. The charge used to calculate their gold mortgage quantity eligibility primarily based totally on the most LTV of 75% will range relying on the purity of gold, ensuing in specific gold mortgage eligibility.

    Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
    Aditya 70 18 Rs 2.60 Lakh
    Bhawani 60 20 Rs 2.48 Lakh
    Chhaya 50 22 Rs 2.27 Lakh

    Because Chhaya has the smallest gold weight of 50gm, Telangana Bank will offer her the lowest gold loan rate of 2.27 Lakh, as shown in the illustration above.
    In the same example, Telangana Bank will offer Aditya the highest gold loan amount of Rs 2.60 Lakh because he has the most gold weight.

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