Telangana Bank Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350
Telangana Bank Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
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 | 75% of the gold ornament’s market value |
Telangana Bank Gold Loan Calculator
Dialabank’s Telangana Bank Gold Loan Calculator gives you an estimate of the amount of gold loan you can avail basis the following factors.
- Net Weight & The Purity of The Gold Being Pledged: Telangana Bank bank will use its in-house valuer to evaluate the purity and net weight of gold in your jewellery. Gold used in the jewellery should be of purity of 18 to 24 carats and Telangana Bank will also reduce the weight of gems and stones from the jewellery to calculate the net weight of the jewellery. The valuer will give his findings in writing.
- Price of gold: Once the valuer estimates the purity and net weight of gold in your jewellery, Telangana Bank will multiply it with the price of gold to calculate the value of gold. RBI has instructed banks to apply the past 30 days average price of 22-carat gold adjusted for purity of gold. So, if the gold is of 20-carat purity, Telangana Bank will use the 30 days average of 22-carat gold multiplied by a factor of 20/22 to adjust the value of gold.
- Loan to Value Ratio: Telangana Bank will apply an LTV of up to 75% to calculate your jewel loan amount eligibility. Telangana Bank may offer you a lower interest rate if you are willing to take a loan amount lower than your maximum LTV.
Telangana Bank Gold Loan Rate Per Gram by Gold Purity
The table below estimates the cost of a gold loan per gram. Telangana Bank will make an offer on gold jewellery of varying purity levels, with 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.
Telangana Bank Gold Loan Rate Per Gram
The following table displays the Telangana Bank gold loan rate per gram as of today Apr 27 2024
Updated - Gold Loan Per Gram Rate w.e.f Apr 27 2024 |
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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 Rate Per Gram
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)
2023
₹ 54,699
1994
₹ 4,598
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
Major Banks’ Gold Loan Rate Per Gram Comparison
Feature | HDFC Bank | SBI |
Muthoot Finance
|
Interest Rate | 9.90% onwards | 7% onwards | 12% onwards |
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 |
Pre-closure Charges | 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 | 3066 | 3073 | 3073 |
Tips to Get The Highest Gold Loan Amount from Telangana Bank
• Telangana Bank recognises both hallmarked and non-hallmarked jewellery for gold loans. You can get the highest Telangana Bank gold loan per gram if you have hallmark jewellery because the valuer is less likely to undervalue it. Furthermore, for hallmarked gold jewellery, certain financial institutions charge lower transaction fees.
• The Telangana Bank Gold Loan Per Gram accounts for purity in the price of 22-carat gold. As a result, if at all possible, borrow against higher-purity jewellery to get the most money for a gold loan.
• Telangana Bank will decide the amount of gold loan you are liable for based on the net weight of your jewellery. As much as possible, choose jewellery with the fewest gems and stones. The majority of banks will subtract the weight of gems and stones from the total weight of the jewellery. The net weight will be calculated by a study conducted by Telangana Bank’s gold valuer. The overall weight and value of a piece of jewellery decrease as more diamonds and stones are added, resulting in a lower jewel loan you are eligible for.
• It’s standard practice in gold to strive for the highest possible LTV. Telangana Bank has been granted permission by the RBI to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.
GOLD LOAN @ 0.75%*
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Telangana Bank Gold Loan Per Gram FAQs
✅ What is Telangana Bank Gold Loan scheme?
Telangana 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 Telangana Bank and other leading banks and non-banking financial companies. The current rate for Telangana Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.
✅ How much Telangana Bank Gold Loan Per Gram can I get?
The Telangana Bank Gold Loan Per Gram depends upon the purity of your gold. Currently, the Telangana Bank Gold Loan Per Gram is between ₹ 3,506 to ₹ 4,621.
✅ How is Telangana Bank Gold Loan Per Gram calculated?
The Telangana Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market gold rate. Telangana 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.