Allahabad UP Gramin Bank Agriculture Gold Loan

Allahabad UP Gramin Bank Agriculture Gold Loan is ₹ 72,800 to ₹ 78,350

Allahabad UP Gramin Bank Agriculture Gold Loan Calculator

• Purity and net weight of gold used in jewellery: Gold used in jewellery should be between 18 and 24 carats pure. The appraiser is capable of keeping track of things.
• The purity and net weight of gold in your jewellery will be multiplied by the gold price at the bank to determine its worth. Indian banks have been advised to use the Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity. The sum of 20-carat gold compounded by a ratio of 20/22 will be multiplied by a 30-day average of 22-carat gold
• Allahabad UP Gramin Bank will use an LTV of up to 75 per cent to decide your eligibility for a jewel loan after calculating the value of your jewellery. If you take a loan sum that is less than your maximum LTV, Allahabad UP Gramin Bank would be able to give you a lower interest rate.

Allahabad UP Gramin Bank Agriculture Gold Loan Loan Eligibility

Documents Required for Allahabad UP Gramin Bank Agriculture Gold Loan

Allahabad UP Gramin Bank Agriculture Gold Loan Documents for Salaried Individuals

Allahabad UP Gramin Bank Agriculture Gold Loan Documents for Self-Employed Individuals

Allahabad UP Gramin Bank Agriculture Gold Loan Documents for Self-Employed Non-Individuals:

Allahabad UP Gramin Bank Agriculture Gold Loan Documents for Partnership Firms/Societies

Allahabad UP Gramin Bank Agriculture Gold Loan Documents for Private Limited/Limited Companies

Allahabad UP Gramin Bank Agriculture Gold Loan Rate Per Gram by Gold Purity

The table below shows how much an Allahabad UP Gramin Bank Agriculture Gold Loan will provide for various purity levels of gold jewellery at a higher 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

Allahabad UP Gramin Bank Agriculture Gold Loan Interest Rates Per Gram

The following table shows Allahabad UP Gramin Bank Agriculture Gold Loan Per Gram Rates – May 24 2021

Historical Gold Loan Rates Per Gram

Studying the gold rate trend in India will provide insight into potential volatility, allowing for more informed investment decisions. The gold rate is influenced by a number of factors, including the central bank’s stability, market supply and demand, quantitative easing, government reserves, the health of the jewellery industry, and total annual output, to name a few. Take a look at the following comprehensive historical gold loan rates per gram:

Major Banks Agriculture Gold Loan Per Gram Rate Comparison

Tips to Get The Highest Agriculture Gold Loan Amount from Allahabad UP Gramin Bank

• The Allahabad UP Gramin Bank accepts both hallmarked and non-hallmarked jewellery for a gold loan. Since appraisers are less likely to undervalue hallmark jewellery, the Allahabad UP Gramin Bank Agriculture Gold Loan offers the best service. Furthermore, for hallmarked gold jewellery, certain financial institutions charge lower transaction fees.
• The Allahabad UP Gramin Bank Agriculture Gold Loan accounts for purity in the price of 22-carat gold. As a result, if at all possible, borrow against higher-purity jewellery to get the most money for a gold loan.
• According to Allahabad UP Gramin Bank, the amount of gold loan you are liable for is determined by the net weight of your jewellery. Choose jewellery with the fewest gems and stones as much as possible. The net weight can be calculated using gold exchange rates. As more diamonds and stones are applied to a piece of jewellery, the total weight and value of the piece decrease, resulting in a lower jewel loan you are eligible for.
• It’s standard practice in gold to strive for the highest possible LTV. When calculating the amount of gold loan you are eligible for, the RBI has given Allahabad UP Gramin Bank permission to charge a maximum LTV of up to 75%.

Allahabad UP Gramin Bank Agriculture Gold Loan FAQs

✅ What is the interest rate for Allahabad UP Gramin Bank agriculture gold loan?

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

✅ What is Allahabad UP Gramin Bank Agri gold loan?

Allahabad UP Gramin Bank Agri Gold Loan is a loan against gold, particularly for farmers, that are available for agricultural purposes. The loan amount disbursed under the Allahabad UP Gramin Bank 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 Allahabad UP Gramin Bank Agri Gold Loan.

✅ How to pay Allahabad UP Gramin Bank Agriculture Gold Loan Online?

You have an option to pay Allahabad UP Gramin Bank Agriculture online through online repayment applications.

Read More: Best Methods of Repaying Gold Loan