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    Uttarakhand Gramin Bank Gold Loan Per Gram

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

    Uttarakhand Gramin Bank Gold Loan Per Gram 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 for Uttarakhand Gramin Bank Gold Loan Per Gram 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 25% of the gold ornament’s market value

     

    Customers may apply for a gold loan using their own gold in the Uttarakhand Gramin Bank Gold Loan Per Gram scheme. The Uttarakhand Gramin Bank Gold Loan Per Gram has a number of benefits, one of which is a low-interest rate.

    Gold Loan Calculator for Uttarakhand Gramin Bank

    • Purity and net weight of gold used in jewellery: To be used in jewellery, gold should be between 18 and 24 carats pure. At Uttarakhand Gramin Bank, the net weight of the gold loan per gramme is determined by subtracting the weight of gems and stones from the total weight of the jewellery. The appraiser can keep track of everything.
    • The purity and net weight of gold in your jewellery will be multiplied by the gold price at Uttarakhand Gramin Bank to determine its worth. Indian banks have been advised to use the Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity. The value of 20-carat gold will be adjusted by a factor of 20/22 compounded by a 30-day average of 22-carat gold. You can also lookup the latest gold rate at Dialabank.
    • Loan To Value –After determining the value of your jewellery, Paschim Banga Gramin Bank Gold Loan Per Gram will use an LTV of up to 75% to determine your eligibility for a jewel loan. Uttarakhand Gramin Bank Gold Loan Per Gram available at a lower interest rate. Visit the bank if you want to take a loan amount that is less than your maximum LTV.

    Uttarakhand Gramin Bank Gold Loan Rate Per Gram by Gold Purity

    The table below illustrates how much the Uttarakhand Gramin Bank Gold Loan Per Gram can 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 Gold Loan Rates Per Gram

    The following table shows Uttarakhand Gramin Bank Gold Loan Per Gram Rates – Jun 17 2021

    Updated - Gold Loan Per Gram Rate w.e.f Jun 17 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

    India is one of the world’s largest gold buyers. Gold is preferred by Indians because it is considered a “secure” investment. Traders keep an eye on the markets for shifts in price that could impact demand. 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

    Gold Loan Per Gram Rate Comparison for Major Banks

    Feature
    HDFC Bank
    ICICI Bank
    Muthoot Finance
    Interest Rate
    9.90%
    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
    2500
    2600
    2700*

    Tips to get the highest Gold Loan Amount Per Gram from Uttarakhand Gramin Bank

    • For a gold loan, the Uttarakhand Gramin Bank accepts both hallmarked and non-hallmarked jewellery. Offering the best and cheapest Paschim Banga Gramin Bank Gold Loan Per Gram as these days appraisers are less likely to undervalue hallmark jewellery. Furthermore, some financial institutions charge lower transaction fees for hallmarked gold jewellery.
    • In the price of 22-carat gold, the Uttarakhand Gramin Bank Gold Loan Per Gram accounts for purity. As a result, to get the most money for a gold loan, borrow against higher-purity jewellery if at all necessary. Uttarakhand Gramin Bank Gold Loan Per Gram
    • According to Uttarakhand Gramin Bank, the amount of gold loan you are eligible for is determined by the net weight of your jewellery. Choose jewellery with the fewest gems and stones as much as possible. The net weight can be calculated using the gold values at the Bank. As more diamonds and stones are applied to a piece of jewellery, the total weight and value of the piece decrease, 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.


    gold loan at 7%

    हिंदी में पढ़े | தமிழில் படியுங்கள்

    ILLUSTRATION: The loan sum is calculated using gold purity, LTV, and gold weight. Assume that Ajay, Abhishek, and Jyoti each have a different amount of gold and a different degree of purity. Ajay is in possession of 70 grammes of 18-carat gold. Jyoti has 50 grammes of 22-carat gold and Abhishek has 60 grammes of 20-carat gold. They apply for a gold loan at the Uttarakhand Gramin Bank. Depending on the purity of gold, the price used to assess their gold loan amount eligibility based on a maximum LTV of 75% will vary, resulting in different gold loan eligibility.

    Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
    Ajay 70 18 ₹ 2.60 Lakh
    Abhishek 60 20 ₹ 2.48 Lakh
    Jyoti 50 22 ₹ 2.27 Lakh

    Jyoti, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from Uttarakhand Gramin Bank, as seen in the example above. Since he has the most gold weight, Ajay will earn the highest gold loan sum of Rs 2.60 lakh from Uttarakhand Gramin Bank.