Vijaya Bank Gold Loan per Gram

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Vijaya Bank Gold Loan per Gram

Vijaya Bank Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

Vijaya 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 75% of the gold ornament’s market value

Vijaya Bank issues a Gold Loan per gram rate of ₹ 3,506 to ₹ 4,621 in line with the current gold rate. The best Vijaya Bank Gold Loan Rate per gram is ₹ 3,506 to ₹ 4,621 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 2,900 to ₹ 3,450. 

Vijaya Bank Gold Loan Calculator

Vijaya Bank Gold Loan Per Gram

The Vijaya Bank Gold Loan Calculator provided by Dialabank gives you an approximation of the amount of gold loan that can be availed based on the factors mentioned below.

  1. The total weight and purity of the gold that is being pledged: The bank would use the in-house valuers to do a proper assessment of the purity and the total weight of the gold in the jewellery that you pledge. The bank would expect the gold to have a purity ranging from 18- 24 carats. The Vijaya Bank also reduces the weights of the gems and stones from your jewellery and calculates the value only for the gold.
  2. The price of the gold: Once the estimation of the purity and the net weight of the gold has been done, the bank would multiply it with the current price of the gold. The Reserve Bank of India has given clear instructions to all banks that they should have a 30 days average of 22-carat gold multiplied by a factor of 20/22 to adjust the value of the gold.
  3. Loan to Value Ratio: After the value of the jewellery has been calculated, Vijaya Bank would apply an LTV of up to 75% to calculate your jewel loan amount eligibility. Check out Vijaya Bank for exciting offers on the same.

Vijaya Bank Gold Loan Rate Per Gram by Gold Purity

The table gives an estimate of the gold loan per gram that Vijaya Bank would offer against gold jewellery of different purity levels.

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

Vijaya Bank Gold Loan Rate Per Gram

The following table shows Vijaya Bank Gold Loan Rate Per Gram- Updated Jan 27 2023

Updated - Gold Loan Per Gram Rate w.e.f Jan 27 2023

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 Rate Per Gram

The Indians are one of the world’s leading consumers of gold, it is this precious metal that constitutes an ample portion of the country’s total imports. Indians tend to invest in gold because it is considered a ‘safe’ investment.

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 Rate Per Gram Comparison

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 from Vijaya Bank

  • Vijaya Bank is known for accepting all kinds of jewellery for giving a loan. However, if you want a higher gold loan amount then its best if you pledge hall marked jewellery for it has more value and some banks even reduce the processing fees for the same.
  • The Bank is said to adjust the price of 22 carat gold for the purity of the gold. Hence, it is very important to borrow against higher purity jewellery as it will get you a higher gold loan amount.
  • The Vijaya Bank would also calculate the net wright of jewellery to calculate and predict the amount of loan that you would get for the given quantity of gold. Always pledge gold jewellery with minimal stones and gems. As it is the weight of the gold that they would take in account and not the stones. Having stones or gems would reduce the value of the gold and in turn reducing the amount that you get as gold loan.
  • Always try to get the maximum LTV on the value of gold. Vijaya Bank is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

GOLD LOAN @ 0.49%*

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ILLUSTRATION: The loan amount eligibility is decided on the basis of purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 70 gram of gold with a purity of 18 carats. Mr B has 60 gram of gold with a purity of 20 carats and Mr. C has 50 grams of gold with a purity or 22 carat. They approach Vijaya Bank to avail a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold and hence, will result in varying gold loan eligibility.