Uttarakhand Gramin Bank Agriculture Gold Loan is ₹ 3,800 to ₹ 4,350
| Uttarakhand Gramin Bank Agriculture Gold Loan 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 |
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.
- 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 |
| Private 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.
Uttarakhand Gramin Bank Agriculture Gold Loan Interest Rates Per Gram
The following table shows Uttarakhand Gramin Bank Agriculture Gold Loan Per Gram Rates – Apr 18 2024
Updated - Gold Loan Per Gram Rate w.e.f Apr 18 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 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 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
| 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 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.
