Home Credit Bank Agriculture Gold Loan

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Home Credit Bank Agriculture Gold Loan: Features and Benefits 

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

Home Credit Bank Agriculture Gold Loan Calculator:

  • 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. In order to calculate the net weight, Home Credit Bank will remove the weight of gems and stones from the jewellery. The appraiser will document his findings in a report.
  • To determine the value of gold, Home Credit Bank will multiply the purity and net weight of gold in your jewellery by the price of gold. The Reserve Bank of India has instructed banks to use the 30-day average price of 22-carat gold, adjusted for purity.
  • Once the value of your jewels has been determined, Home Credit Bank will use a Loan to Value Ratio (LTV) of up to 75 percent to establish your jewel loan amount eligibility. If you are willing to take a loan amount that is less than your maximum LTV, Home Credit Bank may be able to offer you a lower interest rate.

Home Credit Bank Agriculture Gold Loan Calculator:

  • 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. In order to calculate the net weight, Home Credit Bank will remove the weight of gems and stones from the jewellery. The appraiser will document his findings in a report.
  • To determine the value of gold, Home Credit Bank will multiply the purity and net weight of gold in your jewellery by the price of gold. The Reserve Bank of India has instructed banks to use the 30-day average price of 22-carat gold, adjusted for purity.
  • Once the value of your jewels has been determined, Home Credit Bank will use a Loan to Value Ratio (LTV) of up to 75 percent to establish your jewel loan amount eligibility. If you are willing to take a loan amount that is less than your maximum LTV, Home Credit Bank may be able to offer you a lower interest rate.

Home Credit Bank 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 Home Credit Bank 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)

Home Credit Bank Agriculture Gold Loan Rate Per Gram by Gold Purity:

One of the country’s most essential and valuable assets has always been and will continue to be gold. Year after year, its prominence grew, and it finally became a component of one of the world’s numerous civilizations. In today’s world, gold is quite valuable.

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

Home Credit Bank Agriculture Gold Loan Interest Rates Per Gram:

Updated - Gold Loan Per Gram Rate w.e.f Jun 21 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

Historical Gold Loan Rates Per Gram:

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

Major Banks Agriculture Gold Loan Per Gram Rate Comparison:

The following is a list of banks that provide gold loans to their valued clients:

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  Home credit bank:

  • To calculate the value of gold in your jewellery, multiply the purity and net weight of gold in your jewellery by the price of gold for a gold loan from the Home Credit Bank Agricultural Gold Loan. Both hallmarked and un hallmarked jewellery will be accepted by a bank.
  • When it comes to hallmark jewellery, however, the assessor is less likely to undervalue it, so you can get the best at Home credit bank Agriculture gold loan. Furthermore, for hallmarked gold jewellery, certain banking institutions charge a lesser processing fee.
  • At Home credit bank, The price of 22-carat gold is reduced as a result of the agriculture gold loan, reflecting its greater quality. As a result, wherever possible, take out a gold loan against higher-purity jewellery to get the maximum money.
  • When playing gold, always aim for the greatest possible LTV. When determining the amount of gold loan you are qualified for, the Reserve Bank of India has given Home Credit Bank Agriculture the option of charging a maximum LTV of up to 75 percent.

 

 

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