Tripura Gramin Bank Agriculture Gold Loan

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Tripura Gramin Bank Agriculture Gold Loan

Tripura Gramin Bank Agriculture Gold Loan: Features and benefits

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

Tripura Gramin Bank Agriculture Gold Loan Calculator:

The gold loan calculator shows you how much money you’ll need to pay back to get rid of the main amount, or the loan amount you took out from the bank, in monthly instalments known as EMIs.

  • Tripura Gramin Bank Agriculture Gold LoanThe Tripura Gramin bank agriculture gold loan will analyse gold’s purity and net weight in your jewellery using their in-house valuer. The gold used in jewellery should be 18 to 24 carats pure. In order to compute the net weight of the jewellery, the bank will subtract the weight of jewels and stones. The appraiser will write up his findings.
  • To assess the value of gold, Tripura Gramin bank Agriculture will multiply the purity and net weight of gold in your jewellery by the price of gold. The Reserve Bank of India has instructed banks to use the 30-day average price of 22-carat gold, adjusted for purity.
  • Tripura Gramin bank will utilise an LTV of up to 75 per cent to assess your jewel loan amount eligibility once the value of your jewellery has been assessed. If you are willing to take a loan amount that is less than your maximum LTV, Tripura Gramin bank may be able to offer you a lower interest rate.

Tripura Gramin 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 Tripura Gramin Bank Agriculture 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. 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)

 

Tripura Gramin Bank Agriculture Gold Loan Rate Per Gram by Gold Purity:

Before considering a bank for a Tripura Gramin Bank Agriculture gold loan, you must first achieve purity, because contemplating a gold loan is insufficient until and until it is purely qualified to fulfil all dues in the event of an unfavourable situation:

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

Tripura Gramin Bank Agriculture Gold Loan Interest Rates Per Gram:

Updated - Gold Loan Per Gram Rate w.e.f Jan 27 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

Historical Gold Loan Rates 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)
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, India has one of the largest gold financing markets globally, with a slew of competitors prepared to pay top dollar for your gold, whether it’s a private or public bank.

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 Tripura Gramin Bank

  • The bank accepts both hallmarked and non-hallmarked jewellery for a gold loan. However, you can receive the best Tripura Gramin Bank agricultural Gold gold loan for hallmark jewellery because the valuer is less likely to undervalue it. Additionally, some banks charge a lesser processing fee for hallmarked gold jewellery.
  • The agriculture gold loan from the Tripura Gramin Bank adjusts 22-carat gold to reflect the metal’s quality. As a result, wherever possible, borrow against higher-purity jewellery, as this will bring you the most money for a gold loan.
  • On gold, always strive for the maximum possible LTV. When calculating the amount of gold loan you are eligible for, the Reserve Bank of India has given Tripura Gramin Bank agriculture gold loan authorisation to charge a maximum LTV of up to 75%.

Tripura Gramin Bank Agriculture Gold Loan FAQs

What is the interest rate for Tripura Gramin Bank agriculture gold loan?

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

What is Tripura Gramin Bank Agri gold loan?

Tripura Gramin Bank Agri Gold Loan is a loan against gold, particularly for farmers, that are available for agricultural purposes. The loan amount disbursed under the Tripura Gramin Bank Agri gold loan can only be used for agricultural and allied activities. Therefore, one must present the proof of farmland and cultivation and the basic documents required for the Tripura Gramin Bank Agri Gold Loan.

 How to pay Tripura Gramin Bank Agriculture Gold Loan Online?

You have an option to pay Tripura Gramin Bank Agriculture online through online repayment applications.

Read More: Best Methods of Repaying Gold Loan