Future Capital Bank Agriculture Gold Loan

Future Capital Agriculture Gold Loan Features and Benefits

Future Capital is a financial institution that offers agriculture gold loans at interest rates of 7%. An individual can avail up to Rs. 1 crore using this type of loan, if they submit the necessary income proof documents. However, there are prepayment charges that an individual would have to pay, that is 2%+gst if it is after 3 months and absolutely nothing if it is within the first 3 months.

Future Capital Agriculture Gold loan calculator 

• Net weight and purity of the gold: banks are typically known to use their in-house valuers to do an assessment to check the purity and the net weight of the gold in your jewellery. The gold in the given jewellery should have a purity ranging from 18 to 24 carats if you want to avail of this loan. The bank themselves would reduce the weight of gems and stones in your jewellery, and only calculated the net weight of gold present in the given jewellery.
• The price of the gold: After making an approximation about the purity and calculating the net weight of the gold in your pledged jewellery. The Reserve Bank of India has given clear instructions to the banks to have a copy of the past 30 days average price of 22-carat gold, adjusted for the purity of the gold. Using this, the exact value of the gold that has been pledged is calculated.
• Loan to Value ratio: After the value of the jewellery has been calculated, the bank would apply an LTV of up to 75% to make a total calculation of your jewel loan amount eligibility.

Future Capital Agriculture Gold Loan Eligibility

There are certain requirements that are required to be fulfilled to avail a agriculture gold loan:

• The applicant should have attained at least 18 years of age
• The individual should have his own gold ornaments or articles that can be pledged
• The gold to be pledged should be 18 carats or above
• The applicant should have a decent CIBIL score

Documents Required for Future Capital Agriculture Gold Loan

Future Capital Agriculture Gold Loan Rate Per Gram by Gold Purity

The following table gives an estimate of the gold loan per gram that Future Capital offers for gold jewellery with purity rates ranging from 65% to 75%.

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

Future Capital Agriculture Gold Loan Interest Rates Per Gram

The table that is given below shows the Future Capital Gold Loan Rate Per Gram -Updated Jan 16 2025

Historical Gold Loan Rates Per Gram

Historically, Indians are known to be the largest consumers of gold, over the years the trend still hasn’t changed. It has only continued to grow more and more to the point where it constitutes a large number of imports to the country. Indians tend to believe that investing in gold is one of the safest investments that they would do in their lifetime.

Major Banks Agriculture Gold Loan Per Gram Rate Comparison

Tips to Get The Highest Agriculture Gold Loan Amount from Future Capital

• Future Capital accepts both hallmarked and non-hallmarked jewellery for the availing of a gold loan. However, the chances of availing of a higher loan amount are possible if hallmarked jewellery is pledged. Some banks would even reduce the processing fees if the same is pledged.
• The bank is then supposed to adjust the price of 22-carat gold for the purity of the gold. Try and make sure you try to borrow against higher purity jewellery as it would get you a higher loan amount.
• Future Capital would then calculate the total weight of your jewellery to verify the loan amount that you would get. Try and ensure that you pledge jewellery that has minimal stones and gems and has more gold. The higher the weight of the gold that is being pledged, the more the money that is availed as a gold loan.
• Always try to get the maximum LTV on the value of gold. Future Capital Bank is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

ILLUSTRATION: The loan amount eligibility is decided on the basis of purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 70 gram of gold with a purity of 18 carats. Mr B has 60 gram of gold with a purity of 20 carats and Mr C has 50 grams of gold with purity or 22 carats. They approach Future Capital to avail of a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold and hence, will result in varying gold loan eligibility.