HDB Gold Loan Per Gram

HDB Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350

HDB offers a gold loan at an interest rate of 7%. The current rate of the gold loan per gram is ₹ 72,800 to ₹ 78,350. They offer gold loans for a tenure of up to 36 months, which is precisely 3 years. The maximum amount that this bank offers as a gold loan is 20 lakhs. The borrower is expected to be in the age group of 18-75. This bank is known for providing flexible repayment methods and schemes, which usually favour the applicant/applicants’.

HDB Gold Loan Calculator

• Net weight and purity of the gold: The banks use their in-house valuer to do a complete assessment of the purity and the total percentage and weight of gold in your jewellery. The gold used in the jewellery should be of purity of 18 to 24 carats if you want to avail of a loan. The bank also reduces the weight of gems and stones and only calculates the weight of the gold from that.
• The price of the gold: After the lender makes an approximation about the purity and the total weight of the gold in your jewellery. RBI has given out instructions to the banks to keep past 30 days average price of 22-carat gold adjusted for the purity of gold.
• 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.

HDB Gold Loan Rate Per Gram by Gold Purity

The table below gives an approximate estimate of the gold loan per gram HDB would offer for gold jewellery of different purity rates.

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

HDB Gold Loan Rate Per Gram

The table is given below shows the HDB Gold Loan Rate Per Gram- Updated

Historical Gold Loan Rate Per Gram

Indians are known to be one of the world’s largest consumers of gold. It is this precious metal that constitutes a significant part of the total imports into the country. Indians believe instead of investing in anything else, and gold is a safer option.

Major Banks’ Gold Loan Rate Per Gram Comparison

Tips to Get The Highest Gold Loan Amount from HDB

• The bank is known to accept both hallmarked and non-hallmarked jewellery for getting a loan. However, you have a higher chance of getting a more significant loan amount if you pledge hallmarked jewellery, and some banks would also lower the processing fees for hallmarked jewellery.
• The bank would adjust the price of 22-carat gold for the purity of the gold. So always make sure you try to borrow against higher purity jewellery as it would get you a higher loan amount.
• HDB would calculate the total weight of your jewellery to cross-check the loan amount that you would get. Make sure that you pledge jewellery that has minimal stones and gems and has more gold. The more the gold and the weight of gold, the more the loan amount availed.
• Always try to get the maximum LTV on the value of gold. HDB 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 grams of gold with a purity of 18 carats. Mr B has 60 grams of gold with a purity of 20 carats, and Mr C has 50 grams of gold with purity or 22 carats. They approach HDB 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, resulting in varying gold loan eligibility.

HDB Gold Loan Per Gram FAQs

✅ What is HDB Gold Loan scheme?

HDB gold loan is a scheme that provides a loan against your gold. Any person in need of quick lump sum money can avail of this facility that is offered by HDB and other leading banks and non-banking financial companies. The current rate for HDB Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

✅ How much Gold Loan can I get per gram in HDB?

HDB Gold Loan Per Gram Depends upon the weight and purity of your gold. HDB Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

✅ How is HDB Gold Loan Per Gram calculated?

The HDB Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. HDB Gold Loan Per Gram interest rate is then calculated based on several factors: loan amount, loan tenure, relationship with the lender, and loan to value ratio