TATA Capital Agriculture Gold Loan

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TATA Capital 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

TATA Capital Agriculture Gold Loan Calculator:

  • The bank will analyse the purity and net weight of gold in your jewellery using their in-house valuer. The gold used in the jewellery should be 18 to 24 carats pure. TATA capital will also subtract the weight of gems and stones from the jewellery in order to get the net weight. The appraiser will write up his findings.
  • TATA capital will multiply the purity and net weight of gold in your jewellery by the price of gold to assess the value of gold. The Reserve Bank of India has asked banks to use the average price of 22 carat gold over the previous 30 days, adjusted for purity.
  • TATA Capital will employ a Loan to Value Ratio (LTV) of up to 75 percent to assess your jewel loan amount eligibility once the value of your jewels has been determined. TATA Capital may be able to offer you a cheaper interest rate if you are prepared to take a loan amount that is less than your maximum LTV.

TATA Capital Agriculture Gold Loan eligibility:

The loan for gold The EMI calculator calculates the amount you must repay to the bank over a set period of time. In reality, your EMI is determined by your principal amount or loan amount, as well as the time period, which will assist you in determining how much is required to be paid in total.

  • Using their in-house valuer, the TATA Capital Agricultural Gold Loan will calculate the value of gold by multiplying the purity and net weight of gold in your jewellery by the price of gold.
  • Your gold jewelry’s purity and net weight will be determined. Gold used in jewellery should have a purity of 18 to 24 karat. The bank will subtract the weight of diamonds and stones from the net weight of the jewellery to arrive at the net weight. The appraiser’s conclusions will be summarised in a report.
  • According to the TATA Capital Agricultural Gold Loan, the value of gold is estimated by multiplying the purity and net weight of gold in your jewellery by the price of gold. 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.
  • Agricultural Gold Loan from TATA Capital The TATA Capital Agriculture Gold Loan offers a lower interest rate if you are willing to take a loan amount that is less than the maximum LTV. A bank’s legitimate or approximate limit for lending is roughly 75 percent of the gold’s value.

TATA Capital 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 TATA Capital 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)

TATA Capital 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. Its importance rose year after year, and it eventually became a part of one of the world’s many civilizations. Gold is quite valuable in today’s time.

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

TATA Capital Agriculture Gold Loan Interest Rates Per Gram:

Updated - Gold Loan Per Gram Rate w.e.f Jun 17 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:

One of the country’s most essential and valuable assets has always been and will continue to be gold. Its importance rose year after year, and it eventually became a part of one of the world’s many civilizations. In today’s world, gold is quite valuable.

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
HDFC Bank
ICICI Bank
Muthoot Finance
Interest Rate
9.50% onwards
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
3,066
3,073
3,073

Tips to Get The Highest Agriculture Gold Loan Amount from TATA Capital:

  • Multiply the purity and net weight of gold in your jewellery by the price of gold for a gold loan from the Tata Capital 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, you can obtain the best Tata Capital Agriculture since the assessor is less likely to undervalue it. Furthermore, some financial institutions offer a lower processing fee for hallmarked gold jewellery.
  • Tata Capital’s Agriculture gold loan lowers the price of 22-carat gold to reflect its superior quality. As a result, take out a gold loan against higher-purity jewellery whenever possible to get the most money.
  • Always aim for the highest possible LTV when playing gold. The Reserve Bank of India has given Tata Capital Agriculture the option of charging a maximum LTV of up to 75 percent when evaluating the amount of gold loan you are eligible for.

 

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