Aditya Birla Agriculture Gold Loan

Aditya Birla Agriculture Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350

Aditya Birla Agriculture Gold Loan Per Gram Gold Loan Calculator

The Dialabank Gold Loan Calculator can provide you with an estimate of the number of gold loans you can use based on the following factors: 

• Gold purity and net jewellery weight: The bank will use its internal appraiser to assess the purity and net worth— The jewellery’s importance. The gold used in jewellery must be between 18 to 24 carats of pure gold. Aditya Birla Finance will also reduce the weight of gems in the jewellery to calculate the net weight of the jewellery. The appraiser will complete the writing. 
• Loan-to-Value Ratio: After calculating the value of the jewellery, Aditya Birla Finance will use up to 75% of the LTV to calculate eligibility for the jewellery loan amount. If you are willing to borrow at a price lower than the higher LTV, Aditya Birla Finance can offer you a lower interest rate.
• Gold Price: After the appraiser has estimated the purity and net weight of the gold in the jewellery, Aditya Birla Finance can calculate the value of gold by multiplying the gold by the gold price. The Reserve Bank of India instructed the bank to take an average gold cost of 22 karats over the past 30 days and adjust it based on the purity of the gold. Therefore, if the gold is 20 karats pure gold, Aditya Birla Finance will change the value of the gold by multiplying the average price of 20 karats over 30 days by 20/22. You can also check today’s gold exchange rate on Dialabank.

Aditya Birla Agriculture Gold Loan Eligibility

Documents Required for Aditya Birla Agriculture Gold Loan

Aditya Birla Agriculture Gold Loan Rate Per Gram by Gold Purity

The table below estimates the gold loan per gram that Aditya Birla would offer against various purity levels of gold jewellery at a maximum LTV of 75% and a lower LTV of 65%.

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

Aditya Birla Gold Loan Rates Per Gram

For Aditya Birla loans, the current interest rate per gram is ₹ 72,800 to ₹ 78,350. The LTV of 22 karat gold jewellery is estimated to be 75%. The price of gold fluctuates on a daily basis based on loans per gram.

Historical Gold Loan Rates Per Gram

Except for a few lows between some years, the table shows that the gold price trend has historically been on the rise, lending credence to the argument that gold is a safe investment over long periods of time.

Major Banks Gold Loan Per Gram Rate Comparison

Tips for obtaining the highest Aditya Birla Gold Loan Amount

• Aditya Birla accepts both marked and unmarked jewellery for gold loans. If you own one-of-a-kind jewellery, Aditya Birla will give you the highest gold loan per gram because the appraiser is unlikely to undervalue your benefits. Furthermore, some financial institutions charge lower transaction fees for gold-plated jewellery.
• Each gram of gold loan obtained from Aditya Birla constitutes purity at the price of 22 carats of gold. As a result, if you want to borrow the most gold money, you can do so from higher-purity jewellery when you need it.
• Aditya Birla will determine the gold loan you should bear based on the net weight of the jewellery per gram. Choose jewellery with a few gems as possible. The weight of gemstones and rocks is usually deducted from the total weight of the jewellery by most banks. The net weight will be determined by Aditya Birla’s gold appraiser’s analysis. As more diamonds and gemstones are added to a piece of jewellery, the overall weight and value of that piece of jewellery decrease, allowing you to qualify for a lower gold loan.
• In the gold sector, the standard strategy is to aim for the highest LTV. When calculating your eligible gold loan amount, the Reserve Bank of India has authorised Aditya Birla to charge up to 75% of the LTV.

Illustration:

The loan amount is determined by the purity of the gold, the LTV, and the weight of the gold.

Assume Aditya and his two friends, Bhawani and Chhaya, own varying amounts of gold of varying purity. Aditya has 70 grams of gold with an 18-carat purity. Bhawani has 60 grams of 20-carat gold, and Chhaya has 50 grams of 22-carat gold. They approach Aditya Birla Finance to obtain a gold loan.

The price used to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary depending on the purity of gold, resulting in varying gold loan eligibility.

As shown in the illustration above, Aditya Birla will provide Chhaya with the lowest gold loan rate of 2.27 Lakh because she has the smallest gold weight of 50gm.
In the same example, Aditya Birla will offer Aditya the highest gold loan amount of Rs 2.60 Lakh because he has the most gold weight.

Aditya Birla Agriculture Gold Loan FAQs

✅ What is the interest rate for Aditya Birla agriculture gold loan?

Aditya Birla Agricultural Gold Loans start at an interest rate of 7% per annum. For Aditya Birla Agricultural Gold Loan, you need agricultural land and cultivation along with the basic documents such as an Aadhaar Card/PAN Card.

✅ What is Aditya Birla Agri gold loan?

Aditya Birla Agri Gold Loan is a loan against gold, particularly for farmers, that are available for agricultural purposes. The loan amount disbursed under the Aditya Birla Agri gold loan can only be used for agricultural and allied activities. One has to present the proof of agricultural land and cultivation along with the basic documents required for the Aditya Birla Agri Gold Loan.

✅ How to pay Aditya Birla Agriculture Gold Loan Online?

You have an option to pay Aditya Birla Agriculture online through online repayment applications.

Read More: Best Methods of Repaying Gold Loan