Telangana Grameena Bank Agriculture Gold Loan

AT 0.75%* INTEREST RATE
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Telangana Grameena Bank Agriculture Gold Loan: Features and Benefits

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

Telangana Grameena Bank Agriculture Gold Loan Calculator:

The gold loan calculator reflects the payback you have to make to get rid of the principal amount or the loan amount you have taken from the bank in terms of monthly instalments referred to as the EMIs.

The bank will analyse the purity and net weight of gold in your jewellery using their in-house valuer. The gold used in the jewellery should be 18 to 24 carats pure. To compute the net weight of the jewellery, Telangana Gramin Bank Agriculture will subtract the weight of diamonds and stones. The appraiser will write up his findings.
Telangana Gramin Bank Agriculture will multiply the purity and net weight of gold in your jewellery by the price of gold to determine the value of gold. The Reserve Bank of India has asked banks to use the average cost of 22-carat gold over the previous 30 days, adjusted for purity.
Loan to Value Ratio (LTV): Once the value of your jewellery has been determined, Telangana Gramin Bank will use an LTV of up to 75% to determine your jewel loan amount eligibility. Telangana Gramin Bank may offer you a cheaper interest rate if you are ready to take a loan amount that is less than your maximum LTV.

Telangana Grameena Bank Agriculture gold loan eligibility:

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality, Quantity	Minimum 18 Carats, minimum 10 grams
Requirements	Gold ornaments (18-22 carats)
CIBIL score	Above 500

Documents Required for Telangana Grameena Bank Gold Loan:

Photographs	2 Passport-Sized photos, latest, coloured, clear, without spectacles
Identity Proof (anyone)	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license, which is valid. Adhar card: Copy of Adhar Card with current information
Residence Proof (anyone)	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license, which is valid. Adhar card: Copy of Adhar Card with current information Utility Bills on the name of the applicant. Sales Tax Certificate Rental Agreement
Agricultural Land Proof	Required only if the Loan is taken for Agricultural Purpose for example, in the case of an Agriculture Loan on the gold of more than Rs. 1 lakh, there is no requirement of proof for allied agriculture purposes.
Demand Promissory Note	Certificate by the Jewel Appraiser (Bank will arrange)

Telangana Grameena Bank Agriculture Gold Loan Rate Per Gram by Gold Purity:

Before considering a bank for the Telangana Grameena Bank Agriculture gold loan, You need to attain purity before availing of a gold loan because considering a gold loan is itself not enough unless and until it is purely eligible to cover all the dues if an unwanted situation occurs:

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 Grameena Bank Agriculture Gold Loan Interest Rates Per Gram:

Telangana Grameena Bank Agriculture Gold Loan, Telangana Grameena Bank Gold Loan Interest Rate, Telangana Grameena Bank Gold Loan at -13.75%

Updated - Gold Loan Per Gram Rate w.e.f Apr 23 2024
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:

Way back to a time, our history reveals or encloses the facts of how gold was of great importance in our history. The gold is not an ornament to wear but also a sign of our culture and tradition, which the devotees have followed for years.

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 Agriculture Gold Loan Per Gram Rate Comparison:

Today lies one of the biggest gold financing markets in India, with several competitors who are willing to pay the best for you, whether it is a private bank or a public

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 Agriculture Gold Loan Amount from Telangana Grameena Bank:

For a gold loan, the bank accepts both hallmarked and non-hallmarked jewellery. However, you can get the most significant Telangana Grameena Bank agriculture Gold gold loan for hallmark jewellery because the valuer is less likely to undervalue it. Furthermore, some banks offer a lower processing cost for hallmarked gold jewellery.
The Telangana Grameena Bank agriculture gold loan changes the price of 22-carat gold to reflect the quality of the metal. As a result, always aim to borrow against jewellery of better purity, which will get you the most money for a gold loan.
Always attempt to achieve the highest possible LTV on gold. The Reserve Bank of India has given Telangana Grameena Bank agriculture gold loan permission to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.

Telangana Grameena Bank Agriculture Gold Loan FAQs

✅ What is the interest rate for Telangana Grameena Bank agriculture gold loan?

Telangana Grameena Bank Agricultural Gold Loans start at an interest rate of 7% per annum. For Telangana Grameena Bank Agricultural Gold Loan you need agricultural land and cultivation along with the basic documents such as an Aadhaar Card/PAN Card.

✅ What is Telangana Grameena Bank Agri gold loan?

Telangana Grameena Bank Agri Gold Loan is a loan against gold, particularly for farmers, that are available for agricultural purposes. The loan amount disbursed under the Telangana Grameena Bank Agri gold loan can only be used for agricultural and allied activities. One has to present the proof of agricultural land and cultivation along with the basic documents required for the Telangana Grameena Bank Agri Gold Loan.