Telangana Bank Agriculture Gold Loan

Telangana Bank Agriculture Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350

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

Documents Required for Telangana Bank Agriculture Gold Loan

Telangana Bank Agriculture Gold Loan Documents Required for Salaried Professional

 Telangana Bank Agriculture Gold Loan Documents for Self-Employed Individuals

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%.

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 ₹ 3,800 to ₹ 4,350. The LTV of 22 karat gold jewellery is estimated to be 75%. On a daily basis, gold prices fluctuate based on loans per gram.

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.

Major Banks Gold Loan Per Gram Rate Comparison

Feature	HDFC Bank	Private 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 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.

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.

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.