Tripura Gramin Bank Gold Loan Per Gram

Tripura Gramin Bank Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350

TGB is a Regional Rural Bank that was created on December 21, 1976, in accordance with the provisions of the Regional Rural Banks Act 1976. Punjab National Bank sponsors the bank, which is equally held by the Government of India, the Government of Tripura, and Punjab National Bank.

Government of India (50 per cent), Punjab National Bank (35 per cent), and the Government of Tripura are the bank’s shareholders (15 per cent). With its headquarters in Agartala, the bank serves eight districts in Tripura. Agartala (West Tripura), Udaipur (South Tripura), and Kailashahar (North Tripura) are the bank’s three regional offices (North Tripura).

Tripura Gramin Bank gold loan per gram evaluation is considered accurate and fair that allows Tripura Gramin Bank to gain the trust and goodwill of their customers.

Tripura Gramin Bank Gold Loan Calculator

The most significant element of every loan is the monthly expense that each loan creates for the loan recipients in the form of EMI. In order to assess the loan’s affordability, all Gold Loan applicants must be informed of these costs.

A gold-backed debt. The EMI calculator can help you figure out how much a gold loan would cost. In all banks’ EMI computations, some common components have an influence on the EMI result. The three most important parameters for the Tripura Gramin Bank gold loan per gram are:

• The purity and net weight of gold in your jewellery will be multiplied by the price of gold at Tripura Gramin Bank to estimate the value 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. If the gold were 20-carat pure, the Tripura Gramin Bank would adjust the value by multiplying the 30-day average of 22-carat gold by a 20/22 ratio.
• An in-house assessor at the bank will determine the purity and weight of gold in your jewellery. For jewellery, 18 to 24-carat gold is preferable. The weight of diamonds and stones will be removed from the net weight of the jewellery to arrive at the net weight since the Tripura Gramin Bank gold loan per gram value is only for gold. The appraiser’s judgments will be put down.
• Tripura Gramin Bank will examine the value of your jewels and use an LTV of up to 75% to determine your eligibility for a gold loan per gramme. Tripura Gramin Bank may be able to offer you a reduced interest rate if you’re ready to take a loan amount that’s less than your maximum LTV.

Tripura Gramin Bank Gold Loan Rate Per Gram by Gold Purity

The goal of the Tripura Gramin Bank gold loan per gram scheme is to provide borrowers with a loan secured by their gold or by pledging gold jewellery or gold coins in order to meet their immediate financial needs at a lower interest rate and with faster delivery.

Tripura Gramin Bank gold loan per gram evaluation schemes offer a number of gold financing programmes to interested parties. All Gold Loans are made by Tripura Gramin Bank in the form of Tripura Gramin Bank gold loan per gram. Tripura Gramin Bank gold loan per gram evaluation typically lends at least 70% of the market value of the gold pledged, however in exceptional circumstances, they may lend up to 90% of the market value.

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

Tripura Gramin Bank Gold Loan Rates Per Gram

Tripura Gramin Bank gold loan per gram evaluation is represented in the table below- Updated Jan 17 2025

Historical Gold Loan Rates Per Gram

Major Banks’ Gold Loan Rate Per Gram Comparison

Tips to Get The Highest Gold Loan Amount from Tripura Gramin Bank

In order to calculate the loan amount, the Tripura Gramin Bank gold loan per gram valuer promptly appraises gold in any form, including gold jewellery and gold coins. Testing for purity is also essential. For assessment reasons, the weight of any other stones, gems, or metals affixed to the gold jewellery must be decreased. Typically, a loan of up to 70% of the current market value of your gold is accepted. If you’re ready to pay a higher interest rate, banks will accept you for up to 90% of your loan. This varies based on each bank’s gold borrowing agreement.

Tripura Gramin Bank gold loan per gram scheme providers are ready to lend gold, gold jewellery, gold coins, and other comparable commodities at a discount since they can be sold swiftly in the case of a collapse.

The bank is in charge of figuring out how much money you owe and when you’ll have to pay it back. Tripura Gramin Bank gold loan per gram schemes will normally provide EMIs or a one-time payment at the end of the loan period. In the case of a bullet payment, in the end, borrowers must pay interest on time. In the end, the principle will be paid in one single payment.

• Processing fees: Some banks levy a processing fee, which may be avoided by negotiating the amount.
• Assessment fees: Some organisations may charge a small fee for determining the worth of gold. The third-party appraiser gets compensated with this sum.
• Prepayment Penalty: Some banks may charge you a penalty if you pay off your loan early.
• Late payment penalty: You will be charged a late payment penalty if you fail to make an interest payment on time.

Because gold is frequently maintained in the form of family jewellery in India, we have an emotional attachment to it. We must hold this gold as security when we desire a Gold Loan, which we do not readily accede to.

The gold used as collateral for a gold loan should be 18-22 carats or greater in purity. The value of precious gems set in gold jewellery is ignored. Borrowers must also read the loan agreement’s terms and conditions attentively.

ILLUSTRATION: The borrower has a gold necklace of 100 grammes. Based on their evaluation of gold weight, purity, and loan to value ratio to be supplied to the borrower, many banks have supplied varying estimates of the gold loan per gramme and gold loan interest rate. The gold jewellery is estimated to be 22 carats with a net weight of 75 grammes by Bank X. (after deducting the weight of gems and stones). The bank uses a 70 per cent LTV ratio and charges a 9.50 per cent interest rate on a loan.

The minimum EMI for a four-year gold loan at the lowest interest rate of 9.50 per cent is 25,497 per lakh borrowed amount.

In comparison to the other bank, the borrower is eligible for a smaller loan amount of 2.81 lakh from Bank X for 100 grammes of jewellery at a lower interest rate. The borrower must pay a monthly EMI of 3,82,754 to Bank X due to the reduced loan amount and lower interest rate.

Mr A is qualified for a bigger loan amount of 3.01 lakh for 100 grams of jewellery from Bank Y, but he will pay a higher interest rate and, as a result, a larger EMI.

Mr A’s decision to accept a loan from Bank X or Bank Y is based on the loan amount he requires. If the loan amount he is qualified for from Bank X is sufficient to satisfy his needs, he may choose a loan with a lower interest rate and hence a cheaper EMI. Though he wants a larger loan amount, he should accept a loan from Bank Y, even if the interest rate is greater.

Hence it can be concluded that Tripura Gramin Bank gold loan per gram schemes are beneficial for interested customers to generate debt against pledged gold.