Odisha Gramya Bank Gold Loan Per Gram

Odisha Gramya Bank Gold Loan Per Gram is ₹ 72,800 to ₹ 78,350

The Odisha Gramya Bank Gold Loan is a service that allows customers to apply for a gold loan using the gold they already own. The Odisha Gramya Bank has many advantages, including a low interest rate.

Gold Loan Calculator for Odisha Gramya Bank

• Purity and net weight of gold used in jewellery: Gold used in jewellery should be between 18 and 24 carats pure. To calculate the net weight, Purity and net weight of gold used in jewellery: Gold should be between 18 and 24 carats pure when used in jewellery. Odisha Gramya Bank will deduct the weight of gems and stones from the overall weight of the jewellery.
• The purity and net weight of gold in your jewellery will be compounded by the price of gold at Odisha Gramya Bank to calculate its value. Indian banks have been advised to use the 30-day average price of 22-carat gold, adjusted for purity, by the Reserve Bank of India. Therefore, the 30-day average of 22-carat gold multiplied by a factor of 20/22 will be used by Odisha Gramya Bank to change the value of 20-carat gold.
• Loan To Value – Odisha Gramya Bank will use LTV of up to 75% to decide your jewel loan amount eligibility after calculating the value of your jewellery. If you can take a loan sum that is less than your maximum LTV, Odisha Gramya Bank will provide you with a lower interest rate.

Odisha Gramya Bank Gold Loan Rate Per Gram by Gold Purity

India is one of the world’s largest gold buyers. Gold is preferred by Indians because it is considered a “secure” investment. Investors keep a close eye on the markets for shifts in price that impact demand.

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

Odisha Gramya Bank Gold Loan Rates Per Gram

The following table shows Odisha Gramya Bank Gold Loan Per Gram Rates – Jan 14 2025

Historical Gold Loan Rates Per Gram

India is one of the world’s largest buyers of gold. Indians prefer gold because it is regarded as a “secure” investment. Investors keep a close eye on the market for price changes that have an impact on demand. Take a look at the following complete historical gold loan rates per gram:

Gold Loan Per Gram Rate Comparison for Major Banks

Tips to get the highest Gold Loan Amount Per Gram from Odisha Gramya Bank

• Odisha Gramya Bank accepts both hallmarked and non-hallmarked jewellery for a Odisha Gramya Bank Gold Loan Per Gram. You will get the highest Odisha Gramya Bank gold loan per gramme if you have hallmark jewellery because the valuer is less likely to undervalue it. Furthermore, for hallmarked gold jewellery, Odisha Gramya Bank and other banks charge lower transaction fees.
• The Odisha Gramya Bank Gold Loan Per Gram 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.
• Odisha Gramya Bank will decide the amount of gold loan you are liable for based on the net weight of your jewellery. As much as possible, choose jewellery with the fewest gems and stones. The weight of gems and stones will be deducted from the overall weight by the Odisha Gramya Bank and the majority of other banks.
• The net weight will be calculated by a study conducted by the gold valuers of Odisha Gramya Bank. The overall weight and value of a piece of jewellery drop as more diamonds and stones are added, resulting in a lower jewel loan from Odisha Gramya Bank.
• It’s standard practice in gold to strive for the highest possible LTV from Odisha Gramya Bank. When calculating the amount of gold loan you are eligible for, the RBI has granted Odisha Gramya Bank permission to charge a maximum LTV of up to 75%.

ILLUSTRATION: The loan sum is calculated using the purity of gold, the LTV, and the weight of gold. Assume that Ajay, Vinit, and Sneha owns a different amount of gold with varying purity amounts. Ajay has 70 grammes of 18-carat gold in his possession. Vinit has 60 grammes of 20-carat gold, while Sneha has 50 grammes of 22-carat gold. They apply at Odisha Gramya Bank for a gold loan. Depending on the purity of gold, the price used to assess their gold loan amount eligibility based on a maximum LTV of 75% will vary, resulting in different gold loan eligibility. Sneha will earn the lowest gold loan rate of 2.27 lakh from Odisha Gramya Bank because she has the smallest gold weight of 50gm.

As shown in the example above, Sneha, who has the smallest gold weight of 50gm, will earn the lowest gold loan rate of 2.27 Lakh from Odisha Gramya Bank. On the other hand, Odisha Gramya Bank will award Ajay the highest gold loan amount of Rs 2.60 lakh because he has the most gold weight.

Odisha Gramya Bank Gold Loan Per Gram FAQs

✅ What is Odisha Gramya Bank Gold Loan scheme?

Odisha Gramya 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 all the leading banks and non-banking financial companies. The current rate for Odisha Gramya Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

✅ How much Gold Loan can I get per gram in Odisha Gramya Bank?

Depending upon the purity of your gold. Odisha Gramya Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

✅ How is Odisha Gramya Bank Gold Loan Per Gram calculated?

The Odisha Gramya Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market gold rate. Odisha Gramya Bank Gold Loan Per Gram rate of interest is then calculated based upon a number of factors including, loan amount, loan tenure, relationship with the lender, and loan to value ratio.