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    Uttarakhand Gramin Bank Agriculture Gold Loan

    Uttarakhand Gramin Bank Agriculture Gold Loan is ₹ 3,506 to ₹ 4,621

    Uttarakhand Gramin Bank Agriculture Gold Loan 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

    Uttarakhand Gramin Bank Agriculture Gold Loan Calculator

    • Purity and net weight of gold used in jewellery: The purity of gold used in jewellery should be 18 to 24 carats. Almost everything can be monitored by the appraiser.Uttarakhand Gramin Bank Agriculture Gold Loan
    • To calculate its value, the purity and net weight of gold in your jewellery will be multiplied by the gold price at the bank. The Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity, has been recommended to Indian banks. A 30-day total of 22-carat gold will be multiplied by the amount of 20-carat gold compounded by a 20/22 ratio.
    • After determining the value of your jewellery, Uttarakhand Gramin Bank will use an LTV of up to 75% to determine your eligibility for a jewel loan. Uttarakhand Gramin Bank will give you a lower interest rate if you take a loan amount that is less than your maximum LTV.

    Uttarakhand Gramin Bank Agriculture Gold Loan Eligibility

    There are certain requirements that are required to be fulfilled to avail a agriculture gold loan:

    • The applicant should have attained at least 18 years of age
    • The individual should have his own gold ornaments or articles that can be pledged
    • The gold to be pledged should be 18 carats or above
    • The applicant should have a decent CIBIL score
    Bank Interest Rate Lowest EMI/lakh Eligible loan amount
    HDFC Gold loan 9.90% Rs. 4614 Rs 50 lakh for 24 months
    ICICI Bank 10% Rs. 8,792 Rs. 15 lakh for 12 months
    Axis Bank 15% Rs. 4,849 Rs. 20 lakh for 24 months
    Yes Bank 11.25% Rs. 3,286 Rs. 50 lakh for 36 months
    Muthoot Gold loan 12% Rs. 3321 Rs 1 cr. For 36 months
    Mannapuram Gold loan 12% Rs. 8,885 Rs 1 cr. For 12 months
    Canara Bank 7.65% Rs. 8,683 Rs. 10 lakh for 12 months
    IIFL 9.24% Rs. 9,516 Rs. 10 lakh for 11 months
    IndusInd 10.50% Rs. 8,815 Rs. 10 lakh for 12 months
    Andhra Bank 10.70% Rs. 8,824 Rs. 2 crores for 12 months
    Federal Bank 8.50% Rs. 8,722 Rs. 75 lakh for 12 months
    SBI Gold loan 7.50% Rs. 3111 20 lakh for 36 months

    Documents Required for Uttarakhand Gramin Bank Agriculture Gold Loan

    Photographs 2 Passport-Sized photos, latest, coloured, clear, without spectacles
    Identity Proof 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 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)

    Uttarakhand Gramin Bank Agriculture Gold Loan Rate Per Gram by Gold Purity

    The table below shows how much a Uttarakhand Gramin Bank Agriculture Gold Loan will provide for various purity levels of gold jewellery at a higher 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

    Uttarakhand Gramin Bank Agriculture Gold Loan Interest Rates Per Gram

    The following table shows Uttarakhand Gramin Bank Agriculture Gold Loan Per Gram Rates – Jun 21 2021

    Updated - Gold Loan Per Gram Rate w.e.f Jun 21 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

    Studying the gold rate trend in India will provide insight into potential volatility, allowing for more informed investment decisions. The gold rate is influenced by a number of factors, including the central bank’s stability, market supply and demand, quantitative easing, government reserves, the health of the jewellery industry, and total annual output, to name a few. Take a look at the following comprehensive historical gold loan rates per gram:

    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 Agriculture Gold Loan Per Gram Rate Comparison

    Feature
    HDFC Bank
    ICICI Bank
    Muthoot Finance
    Interest Rate
    9.50% onwards
    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
    3,066
    3,073
    3,073

    Tips to Get The Highest Agriculture Gold Loan Amount from Uttarakhand Gramin Bank 

    • For a gold loan, the Uttarakhand Gramin Bank accepts both hallmarked and non-hallmarked jewellery. The Uttarakhand Gramin Bank Agriculture Gold Loan provides the best service because appraisers are less likely to undervalue hallmark jewellery. Furthermore, some financial institutions charge lower transaction fees for hallmarked gold jewellery.
    • The Agriculture Gold Loan from the Uttarakhand Gramin Bank focuses on 22-carat gold purity. As a result, to get the most money for a gold loan, borrow against higher-purity jewellery if at all necessary.
    • The net weight of your jewellery determines the amount of gold loan you are liable for, according to Uttarakhand Gramin Bank. As much as possible, choose jewellery with the fewest gems and stones. Gold exchange rates can be used to measure the net weight. 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.
    • In gold, it’s common practice to aim for the maximum possible LTV. The RBI has granted Uttarakhand Gramin Bank permission to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.