Barclays Finance Agriculture Gold Loan

Barclays Finance Agriculture Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350

Barclays Finance Agriculture Gold Loan Per Gram Gold Loan Calculator

Dialabank’s Gold Loan Calculator estimates the amount of gold loan you can obtain based on the factors listed below:

• Purity and net weight of gold in jewellery: The purity and net weight of gold in your jewellery will be determined by the bank’s in-house valuer. The gold used in the jewellery should have a purity of 18 to 24 carats. To determine the net weight, Barclays Finance will subtract the weight of gems and stones from the jewellery. The appraiser will write up his findings and present them in writing.
• Gold price: Once the valuer has determined the purity and net weight of gold in your jewellery, Barclays Finance will multiply it by the current gold price to determine the value of gold. The RBI has instructed banks to use the 30-day average price of 22 carat gold, adjusted for purity. So, if the gold is 20 carat purity, Barclays Finance will adjust its value by taking the 30-day average of 22 carat gold and multiplying it by a factor of 20/22. Dialabank.com displays the current gold price.
• Loan to Value Ratio: After determining the value of your jewellery, Barclays Finance will apply an LTV of up to 75% to determine your eligibility for a jewel loan. If you are willing to take a loan amount less than your maximum LTV, Barclays Finance may offer you a lower interest rate.

Barclays Finance Agriculture Gold Loan Eligibility

Documents Required for Barclays Finance Agriculture Gold Loan

Barclays Finance Agriculture Gold Loan Rate Per Gram by Gold Purity

The table below compares Barclays Finance’s gold loan per gram to different 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

Barclays Finance Gold Loan Rates Per Gram

Barclays Finance’s gold loan per gram to various purity levels of gold jewellery with a maximum LTV of 75% and a lower LTV of 65%. 

Historical Gold Loan Rates Per Gram

Price trends have generally increased, with the exception of a few dips, as shown in the table.

Major Banks Gold Loan Per Gram Rate Comparison

Feature	HDFC Bank	Private Bank	Muthoot Finance
Interest Rate	9.90%	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	2500	2600	2700*

Tips for obtaining the highest Barclays Finance Gold Loan Amount

• Barclays Finance accepts both marked and unmarked jewellery for gold loans. If you have one-of-a-kind jewellery, Barclays Finance will give you the best gold mortgage loan per gram because the appraiser will not undervalue your earnings. Furthermore, some financial institutions reduced the transaction price of gold-plated jewellery.
•  Barclays Finance’s gold loan purity is 22 carats per gram. As a result, as long as you require the most gold money, you can borrow it from higher purity gold.
• The amount of your gold loan will be calculated by Barclays Finance based on the net weight of the jewellery per gram. Use as few gemstones as possible in your jewellery. Most banks deduct the weight of gemstones and rocks from the total weight of the gold. Barclays Finance’s gold appraiser’s analysis will determine the net weight. The overall weight and value of a piece of jewellery decrease as more diamonds and gemstones are added, allowing you to qualify for a lower gold loan.
• In the gold industry, the same strategy is used: aim for the highest LTV. When calculating your eligible gold mortgage loan amount, the Reserve Bank of India has allowed Barclays Finance to charge up to 75% of LTV.