HDB Agriculture Gold Loan: Features and Benefits

Gold Loan Per Gram Today	Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350
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

HDB Agriculture Gold Loan Calculator:

The purity and net weight of gold in your jewellery will be determined by the bank’s in-house valuer. The gold used in the jewellery should be between 18 and 24 carats pure. HDB Bank will subtract the weight of gems and stones from the jewellery in order to calculate the net weight. A report will be written outlining the appraiser’s findings.
HDB Bank will multiply the purity and net weight of gold in your jewellery by the price of gold to estimate its value. According to the Reserve Bank of India, banks should use a 30-day average price of 22-carat gold that has been adjusted for purity.
After determining the value of your gems, HDB Bank will determine your jewel loan amount eligibility using a Loan to Value Ratio (LTV) of up to 75%. HDB Bank may be able to offer you a reduced interest rate if you are prepared to take a loan amount that is less than your maximum LTV.

HDB Agriculture Gold Loan Calculator:

The bank’s in-house valuer 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. In order to calculate the net weight, the HDB Agriculture gold loan will remove the weight of gems and stones from the jewellery. The appraiser’s conclusions will be detailed in a report.
To determine the worth of your jewellery, HDB Bank will multiply the purity and net weight of gold in it by the price of gold. Banks should use a 30-day average price of 22-carat gold that has been adjusted for purity, according to the Reserve Bank of India.
Once the value of your gems has been assessed, HDB Bank will analyse your jewel loan amount eligibility using a Loan to Value Ratio (LTV) of up to 75 percent. If you are willing to take a loan amount that is less than your maximum LTV, HDB Bank may be able to offer you a lower interest rate.

HDB Agriculture gold loan eligibility:

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality, Quantity	Minimum 18 Carats, minimum 10 grams
Requirements	Gold ornaments (18-22 carats)
CIBIL score	Above 500

Documents Required for HDB Agriculture Gold Loan:

Photographs	2 Passport-Sized photos, latest, coloured, clear, without spectacles
Identity Proof	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information
Residence Proof	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information Utility Bills on the name of the applicant. Sales Tax Certificate Rental Agreement
Agricultural Land Proof	Required only if the Loan is taken for Agricultural Purpose. In the case of an Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
Demand Promissory Note	Certificate by the Jewel Appraiser (Bank will arrange)

HDB Agriculture Gold Loan Rate Per Gram by Gold Purity:

Gold has always been and will continue to be one of the country’s most important and valuable assets. Year after year, it rose in importance, eventually becoming a valuable asset of one of the world’s many civilizations. Gold is quite valuable in today’s globe.

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

HDB Agriculture Gold Loan Interest Rates Per Gram:

Updated - Gold Loan Per Gram Rate w.e.f Apr 19 2024
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:

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)
2023	₹ 54,699	1994	₹ 4,598
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 Agriculture Gold Loan Per Gram Rate Comparison:

A list of institutions that offer gold loans to their valued customers is compared in the table below:

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 Agriculture Gold Loan Amount from HDB Bank:

Multiply the purity and net weight of gold in your jewellery by the price of gold for a gold loan from the HDB Bank Agricultural Gold Loan to get the value of gold in your jewellery. A bank will accept both hallmarked and non-hallmarked jewellery.
When it comes to hallmark jewellery, however, the assessor is less likely to undervalue it, therefore an HDB Bank Agriculture gold loan is the best option. Furthermore, some financial institutions offer a lower processing fee for hallmarked gold jewellery.
The price of 22-carat gold at HDB Bank has dropped as a result of the farm gold loan, indicating that it is of higher quality. As a result, take out a gold loan against higher-purity jewellery whenever possible to get the most money.