Uttarakhand Gramin Bank Gold Loan Per Gram

AT 0.49%* INTEREST RATE
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    Uttarakhand Gramin Bank Gold Loan Per Gram

    Uttarakhand Gramin Bank Gold Loan Per Gram is ₹ 2,900 to ₹ 3,450

    Uttarakhand Gramin Bank 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 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

    • Uttarakhand Gramin Bank Gold Loan Per GramLoan 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 is available at a lower interest rate. Visit the Bank if you want to take a loan amount that is less than your maximum LTV.
    • 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 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 look up the latest gold rate at Dialabank.

    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 25 2022

    Updated - Gold Loan Per Gram Rate w.e.f Jun 25 2022

    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 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

    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.
    • According to Uttarakhand Gramin Bank, the amount of gold loan you are eligible for is determined by the net weight of your jewellery. Therefore, 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 @ 0.49%*

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    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 has 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. On the other hand, since he has the most gold weight, Ajay will earn the highest gold loan sum of Rs 2.60 lakh from Uttarakhand Gramin Bank.

    Uttarakhand Gramin Bank Gold Loan Per Gram FAQs

    ✅ What is the Uttarakhand Gramin Bank Gold Loan scheme?

    Uttarakhand Gramin Bank gold loan is a scheme that provides a loan against your gold. Any person in need of quick lump sum money can avail of this facility that is offered by Uttarakhand Gramin Bank and other leading banks and non-banking financial companies. The current rate for Uttarakhand Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

     How much Gold Loan can I get per gram in Uttarakhand Gramin Bank?

    Uttarakhand Gramin Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Uttarakhand Gramin Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

    ✅ How is Uttarakhand Gramin Bank Gold Loan Per Gram calculated?

    The Uttarakhand Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Uttarakhand Gramin Bank Gold Loan Per Gram interest rate is then calculated based on several factors: loan amount, loan tenure, relationship with the lender, and loan to value ratio.