Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram

GET GOLD LOAN
AT LOWEST INTEREST RATE

⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

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    Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram

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

    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 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 jewelry and gold coins of 18-24 carats
    Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

    The Uttarbanga Kshetriya Gramin Bank, a Regional Rural Bank sponsored by the Central Bank of India, was founded on March 7, 1977, under Section 3(2) of the RRB Act 1976 [ 21 of 1976], with equity participation from the Government of India (50 %), the Central Bank of India (35 %), and the Government of West Bengal (25 %) (15 %). With its headquarters in Coochbehar, the bank serves five West Bengal districts: Coochbehar, Jalpaiguri, Alipurduar, Darjeeling, and Kalimpong.

    Uttarbanga Kshetriya Gramin Bank Gold Loan Calculator:

    The gold loan calculator at Uttarbanga Kshetriya Gramin Bank tends to supply you with a gold loan based on specific criteria, thus here are some pointers:

    • The net weight and the purity: Using their in-house valuer, the bank will determine the purity and net weight of gold in your jewellery. The gold used in the jewellery should have a purity of 18 to 24 carats. Uttarbanga Kshetriya Gramin Bank would remove the weight of diamonds and stones from the net weight of the jewellery to arrive at the net weight. The appraiser will document his findings in a report.Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram
    • Gold price: The RBI has instructed banks to use the 30-day average price of 22-carat gold, adjusted for purity. Uttarbanga Kshetriya Gramin Bank will change the value of gold if it is 20-carat pure by utilising the 30-day average of 22-carat gold multiplied by a factor of 20/22. Dialabank also has a current gold rate calculator.
    • Uttarbanga Kshetriya Gramin Bank would utilise an LTV of up to 75 % to assess your jewel loan amount eligibility after calculating the value of your gems. If you are willing to take a loan amount that is less than your maximum LTV, Uttarbanga Kshetriya Gramin Bank may be able to offer you a lower interest rate.

    Uttarbanga Kshetriya Gramin Bank Gold Loan Rate Per Gram by Gold Purity:

    The table below shows an estimate of Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram will issue against gold jewellery of various purity levels at a maximum 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

    Uttarbanga Kshetriya Gramin Bank Gold Loan Rates Per Gram:

    A gold loan has long been considered a short-term loan that must be repaid promptly. The Uttarbanga Kshetriya Gramin Bank offers a gold loan at a rate of 5621 per gram, based on the current market value of gold. Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram Today’s pricing for 22-carat adornments is 5121, with a maximum LTV of 90%. The Gold loan is available to any Indian citizen who lives permanently within a 10-kilometre radius of the bank.

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

    History of Gold Loan Rates Per Gram:

    We may experience fluctuations in gold rates, thus the following table will provide you with gold rates so that you may invest accordingly.

    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

    Comparison of Major Banks’ Gold Loan Per Gram Rates:

    In terms of comparing the gold rates of the following banks, here is a table with all the details that can help you with some information:

    Feature
    Manappuram
    Axis Bank
    Yes Finance
    Interest Rate
    9.90%
    12.50%
    9.99%
    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
    3,124
    3,073
    3,069

    Tips for Getting the Most Money from Uttarbanga Kshetriya Gramin Bank:

    • For a gold loan, Uttarbanga Kshetriya Gramin bank gold loan per gram accepts both hallmarked and non-hallmarked jewellery. For hallmark jewellery, however, you can get the greatest gold loan per gram because the valuer is less likely to undervalue it. Furthermore, some banks offer a lower processing cost for hallmarked gold jewellery.
    • Uttarbanga Kshetriya Gramin Bank adjusts the price of 22-carat gold to account for purity. As a result, borrow against higher purity jewellery wherever possible, as this will fetch you the most money for a gold loan.
    • Uttarbanga Kshetriya Gramin Bank will use the net weight of your jewellery to assess the amount of loan you can get against your gold. Always go for jewellery with the fewest feasible gemstones and stones. The majority of banks will deduct the weight of gems and stones from the total weight of the jewellery.

    Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram FAQs

    ✅ What is Uttarbanga Kshetriya Gramin Bank Gold Loan scheme?

    Uttarbanga Kshetriya 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 Uttarbanga Kshetriya Gramin Bank and other leading banks and non-banking financial companies. The current rate for Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

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

    Depending upon the purity of your gold. Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

    ✅ How is Uttarbanga Kshetriya Gramin Bank Gold Loan Per Gram calculated?

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