Vananchal Gramin Bank Gold Loan Per Gram

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

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

    Vananchal 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 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

    Vananchal Gramin Bank Gold Loan Per Gram is help offered by the bank that permits clients to utilise the gold they own to apply for a gold credit to meet their monetary requirements. As a result, the Vananchal Gramin Bank enjoys numerous benefits, just as a low-loan fee.

    Vananchal Gramin Bank Gold Loan Calculator

    • Exemplary nature and netload of gold utilised in upgrades: Gold utilised in pearls ought to be somewhere in the extent of 18 and 24 carats unadulterated. To gain proficiency with the net weight, the Vananchal Gramin Bank will eliminate the significance of gems and stones from the rigid load of the jewels.
    • Vananchal Gramin Bank will assemble the perfection and netload of gold in your upgrades by the cost of gold to pick its value. The Reserve Bank of India has induced Indian banks to utilise the 30-day common cost of 22-carat gold, changed under goodness. Vananchal Gramin Bank can change the worth of gold if it is 20-carat morals by using the 30-day normal of 22-carat gold extended by a factor of 20/22. Vananchal Gramin Bank will change the value of gold in case it is 20-carat nobility. You can also request the most recent gold rate at Dialabank.
    • Credit to Value Ratio: After picking the worth of your pearls, Vananchal Gramin Bank will utilise an LTV of up to 75% to pick your capacity for precious stone development. Vananchal Gramin Bank will give you a lower financing cost if you can take an improvement total that isn’t all-around your most essential LTV.

    Vananchal Gramin Bank Rate Per Gram by Gold Purity

    The table underneath shows the profits of the gold development per gram that Vananchal Gramin Bank would give against gold enhancements of various righteousness levels at a most limit 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

    Vananchal Gramin Bank Gold Loan Rates Per Gram

    The following table shows Vananchal Gramin Bank Loan per gram rate – 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 

    Indians fall in the world’s driving purchasers of gold. Indians will generally speak purchase gold since it is viewed as a ‘gotten’ hypothesis. Financial backers study the business territories at changes in costs, which direct interest. License us to take a gander at the basic necessity chronicled gold credit rates per gram alluded to under:

    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

    Major Banks Gold Loan Per Gram Rate Comparison

    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 to get the highest Amount Per Gram from Vananchal Gramin Bank

    Vananchal Gramin Bank Gold Loan Per GramFor a gold credit, Vananchal Gramin Bank recognises both hallmarked and non-hallmarked pearls. Besides, there are chances that you have brand name pearls. You can get the most raised Vananchal Gramin Bank gold credit per gram in light of the fact that the valuer is less disposed to disparage it. In addition, some money-related associations charge lower trade costs for hallmarked gold pearls. The Vananchal Gramin Bank Gold Loan Per Gram changes the expense of 22-carat gold to address flawlessness. Accordingly, get against higher-faultlessness embellishments if possible, as this will get you the most money for a gold credit.

    Vananchal Gramin Bank Gold Loan Per Gram will use the net heap of your enhancements to choose the proportion of gold development you have equipped. For Vananchal Gramin Bank Gold Loan Per Gram, Choose diamonds with the least pearls and stones whatever amount as could be anticipated. The substantialness of pearls and stones will be deducted from the overall heap of the diamonds by a large portion of the banks. To pick the net weight, Vananchal Gramin Bank will depend upon the assessment of its gold valuer. As more gems and stones are applied to a piece of pearls, the total weight and worth of the piece decrease, achieving a lower diamond advance you are equipped for.

    On gold, it’s a standard practice to zero in on the most imperative possible LTV. Therefore, the RBI has permitted Vananchal Gramin Bank to charge the best LTV of up to 75% while processing the proportion of gold your credit.

    GOLD LOAN @ 0.49%*

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    Example: The advance sum is dictated by the immaculateness of gold, the LTV, and the heaviness of gold. Expect that Shyam, Abhishek, and Vishal each own contrasting amounts of gold of changing virtue. Shyam has 70 grams of gold with an 18-carat virtue. Abhishek has 60 grams of gold that is 20 carats unadulterated, and Vishal has 50 grams of gold that is 22 carats unadulterated. They apply for a gold credit with Vananchal Gramin Bank. The value used to decide their gold credit total qualification dependent on the greatest LTV of 75% would shift contingent upon the virtue of gold, bringing about various gold advance qualifications.

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

    Vishal, who has the littlest gold load of 50gm, will get the most minimal gold advance pace of 2.27 Lakh from Vananchal Gramin Bank, as found in the representation above.

    Since Shyam has the most gold weight, Vananchal Gramin Bank will give him the most elevated gold advance amount of Rs 2.60 lakh in a similar model.

    Vananchal Gramin Bank Gold Loan Per Gram FAQs

    ✅ What is Vananchal Gramin Bank Gold Loan scheme?

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

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

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

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

    The Vananchal Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market gold rate. Vananchal 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.