Janalakshmi Small Finance Bank Gold Loan Per Gram

Janalakshmi Small Finance Bank Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350

Janalakshmi Small Finance Bank Gold Loan Per Gram Gold Loan Calculator

• The purity & net weight of the gold used in jewellery: When used in jewellery, the purity of the gold should be between 18 and 24 carats. To calculate the net weight, Janalakshmi Small Finance Bank will subtract the weight of the gems and gemstones from the total weight of the jewels. In the notebook, the evaluator will keep track of your results. Check the Latest Gold Price
• To determine your value at Janalakshmi Small Finance Bank, the purity and net weight of the gold in your jewellery will be multiplied by the price of the gold. The Reserve Bank of India recommends that the Bank of India use the 30-day average price of 22 karat gold and adjust it according to the purity of the Reserve Bank of India. If the gold is 20 carats pure gold, Janalakshmi Small Finance Bank can change the value by multiplying the average price of 22 carats for 30 days by a multiple of 20/22. You can also find the latest gold exchange rates on Dialabank. 
• Valuable Loan-After determining the value of the jewellery, Janalakshmi Small Finance Bank will use up to 75% of the LTV to decide whether or not you are eligible for the amount of the jewellery loan. If your loan is less than the maximum LTV, Janalakshmi Small Finance Bank will give you a lower interest rate.

Janalakshmi Small Finance Bank Gold Loan Rate Per Gram by Gold Purity

Janalakshmi Small Finance Bank’s Interest rate per gram of gold loan is ₹ 72,800 to ₹ 78,350. The maximum LTV for 22 Carat jewellery is 75%, and the minimum LTV is 65%. The loan per gram fluctuates daily based on the price of gold.

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

Janalakshmi Small Finance Bank Loan Interest Rate

Per gram, the current Janalakshmi Small Finance Bank Loan interest rate per gram is ₹ 72,800 to ₹ 78,350. The LTV of 22-carat jewellery is calculated as 75%. Every day, the price of gold fluctuates based on the loan per gram.

Historical Gold Loan Rates Per Gram

Gold price trends can aid in the prediction of future volatility and the development of appropriate investment strategies.

Major Banks Gold Loan Per Gram Rate Comparison

Tips for obtaining the highest Janalakshmi Small Finance Bank Gold Loan amount

• Janalakshmi Small Finance Bank provides gold jewellery with and without stamps. However, you can get a gold loan from Janalakshmi Small Finance Bank, which contains the highest amount of gold per gram, thus reducing the appraiser’s understatement. In addition, some banks charge lower handling fees when buying contrast gold jewellery.
•  Janalakshmi Small Finance Bank adjusted the price of 22 carats of gold based on purity. Therefore, you should always try to borrow money from the purest jewellery because you will get the most gold loans. 
• Look for the LTV with the highest gold value. When calculating the eligible amount of gold loans, the Reserve Bank of India allows Janalakshmi Small Finance Bank to charge up to 75% of LTV fees.

Illustration:

The loan amount is determined by the purity of gold, the LTV, and the weight of gold. Assume that each of Ajay, Abhishek, and Jyoti owns a different amount of gold, with varying purity levels. Ajay possesses 70 grams of 18-carat gold. Jyoti possesses 50 grams of 22-carat gold, while Abhishek possesses 60 grams of 20-carat gold. Janalakshmi Small Finance Bank accepts their application for a gold loan. The price used to calculate their gold loan sum eligibility based on a maximum LTV of 75% would differ depending on the purity of gold, resulting in different gold loan eligibility.

Jyoti will receive the lowest gold loan rate of 2.27 lakh from Janalakshmi Small Finance Bank because she has the smallest gold weight of 50gm.

As shown in the example above, Jyoti, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from Janalakshmi Small Finance Bank. Janalakshmi Small Finance Bank will offer Ajay the highest gold loan amount of Rs 2.60 lakh because he has the most gold weight.

Janalakshmi Small Finance Bank Gold Loan Per Gram FAQs

✅ What is the Janalakshmi Small Finance Bank Gold Loan scheme?

Janalakshmi Small Finance Bank 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 Janalakshmi Small Finance Bank and other leading banks and non-banking financial companies. The current rate for Janalakshmi Small Finance Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

✅ How much Gold Loan can I get per gram in Janalakshmi Small Finance Bank?

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

✅ How is Janalakshmi Small Finance Bank Gold Loan Per Gram calculated?

The Janalakshmi Small Finance Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Janalakshmi Small Finance Bank 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.