Pandyan Grama Bank Agriculture Gold Loan is ₹ 72,800 to ₹ 78,350
| Pandyan Grama Bank Agriculture Gold Loan Today | Gold Loan Rate Per Gram Today is ₹ 72,800 to ₹ 78,350 |
| Eligible Age | 18 to 75 years |
| Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
| Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
| Purity of Gold | 18 carat to 22 carat |
| Type of Gold | Gold jewellery and gold coins of 18-24 carats |
| Margin in Gold Loan for the Bank | 25% of the gold ornament’s market value |
Pandyan Grama Bank Agriculture Gold Loan Calculator
Purity and net weight of gold used in jewellery: Gold used in jewellery should be between 18 and 24 carats pure. By subtracting the weight of gems and stones from the total weight of the jewellery, the net weight of the Pandyan Grama Bank Agriculture gold loan is determined. The appraiser is capable of keeping track of things.- Pandyan Grama Bank Bank will use an LTV of up to 75 per cent to decide your eligibility for a jewel loan after calculating the value of your jewellery. If you take a loan sum that is less than your maximum LTV, Pandyan Grama Bank would be able to give you a lower interest rate.
- The purity and net weight of gold in your jewellery will be multiplied by the gold price at the bank to determine its worth. Indian banks have been advised to use the Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity. The sum of 20-carat gold compounded by a ratio of 20/22 will be multiplied by a 30-day average of 22-carat gold.
Pandyan Grama Bank Agriculture Gold Loan Loan Eligibility
| Salaried Individual | Age – 21 years to 60 years |
| Net Monthly Income – Minimum ₹ 20,000 | |
| Employment Duration – 1-year minimum | |
| Income Eligibility – Based on Form 16 and salary slip | |
| Self-Employed Individuals | Age – 21-65 years of age |
| Minimum ITR – Rs.2 lakh | |
| Employment Duration – Minimum 3 years | |
| Income Eligibility – Depends on the latest Income Tax Returns | |
| Self-Employed Non-Individuals (Company/Partnership) | Minimum ITR – Rs. 2 lakh |
| Employment Duration – 3 years minimum | |
| The applicant has to present IT returns and audited financials of 2 years with Calculated Income. | |
| Priority Customers | At least 6-month vintage |
| Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh | |
| Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarter |
Documents Required for Pandyan Grama Bank Agriculture Gold Loan
Pandyan Grama Bank Agriculture Gold Loan Documents for Salaried Individuals
| Category | Documents Required |
| Identity Proof | Passport |
| Voter ID | |
| Aadhar Card | |
| (Any 1) | Driving License |
| Address Proof | Aadhar Card |
| PAN | |
| Driving License | |
| (Any 1) | Electricity Bill |
| Date of Birth Proof | Passport |
| Birth Certificate | |
| High School Marksheet | |
| (Any 1) | Driving Licence |
| Signature Proof | PAN |
| Bankers Verification | |
| Passport | |
| (Any 1) | |
| Income Proof | Salary Slip and latest Form No.16 |
| Bank Statement | Last 6 month Bank statement |
| Employment Continuity Proof | Job card by NREGA |
| ITR of Form no. 16 | |
| Salary Slip mentioned with joining date | |
| Letter of Appointment |
Pandyan Grama Bank Agriculture Gold Loan Documents for Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | PAN Card |
| Passport | |
| Voter ID | |
| Aadhar Card | |
| Address Proof (Any 1) | PAN Card |
| Voter ID | |
| Passport | |
| Electricity Bill | |
| Date of Birth Proof (Any 1) | Birth Certificate |
| Passport | |
| Driving Licence | |
| PAN | |
| Signature Proof (Any 1) | PAN |
| Bankers Verification | |
| Passport | |
| Bank Statement | Bank statement of last 6 months |
| Employment Continuity Proof | Latest ITRs |
| Shop & Establishment Act Certificate | |
| Shop & Establishment Act Certificate | |
| Sales Tax or VAT Certificate | |
| Business Proof | Registration Certificate |
| Telephone Bill/Electricity Bill | |
| Shop & Establishment Act Certificate | |
| SSI or MSME Registration Certificate |
Pandyan Grama Bank Agriculture Gold Loan Documents for Self-Employed Non-Individuals:
Pandyan Grama Bank Agriculture Gold Loan Documents for Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence |
| PAN Card | |
| Aadhar Card | |
| Passport | |
| Address Proof (Any 1) | Electricity Bill/Telephone Bill |
| Aadhar Card | |
| Driving License | |
| Voter ID | |
| Income Proof | Audited Balance Sheet |
| P&L Account | |
| ITR for the previous 2 years | |
| Bank Statement | Last 6 month |
| Business Continuity Proof | Company ITR of the last 2 years |
| Audited Balance Sheet | |
| TAX registration Certificate | |
| Current Account Statement | |
| Additional documents | Letter of Authority or PAN Card |
Pandyan Grama Bank Agriculture Gold Loan Documents for Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | The latest copy of MOA and AOA Copy of Incorporation |
| Address Proof (Any 1) | SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Previous 6 Months |
| Business Continuity Proof | P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate |
| Additional documents |
List of Shareholding partners and Directors
Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co |
Pandyan Grama Bank Agriculture Gold Loan Rate Per Gram by Gold Purity
The table below illustrates how much the Pandyan Grama Bank Agriculture Gold Loan can provide various purity levels of gold jewellery at a higher LTV of 75% and a lower LTV of 65%.
| Gold Purity | Gold Rate Per Gram- Average Of Past 30 Days | Highest Gold Loan Per Gram | Lowest Gold Loan Per Gram |
| 22 carat | ₹ 4,620 | ₹ 4,999 | ₹ 4,956 |
| 20 carat | ₹ 3,939 | ₹ 4,178 | ₹ 3,795 |
| 18 carat | ₹ 3,545 | ₹ 3,784 | ₹ 3,460 |
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.
Pandyan Grama Bank Agriculture Gold Loan Interest Rates Per Gram
The following table shows Pandyan Grama Bank Agriculture Gold Loan Per Gram Rates – May 24 2021
Updated - Gold Loan Per Gram Rate w.e.f Jan 19 2025 |
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| Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold Purity 18 Carat |
| 1 gram | 4621 | 4290 | 3900 | 3510 |
| 10 gram | 46210 | 42900 | 39000 | 35100 |
| 20 gram | 93600 | 85800 | 78000 | 70200 |
| 30 gram | 140400 | 128700 | 117000 | 105300 |
| 40 gram | 187200 | 171600 | 156000 | 140400 |
| 50 gram | 234000 | 214500 | 195000 | 175500 |
| 100 gram | 468000 | 429000 | 390000 | 351000 |
| 200 gram | 936000 | 858000 | 780000 | 702000 |
| 300 gram | 1404000 | 1287000 | 1170000 | 1053000 |
| 400 gram | 1872000 | 1716000 | 1560000 | 1404000 |
| 500 gram | 2340000 | 2145000 | 1950000 | 1755000 |
Historical Gold Loan Rates Per Gram
Take a look at the following comprehensive historical gold loan rates per gram:
| This Table Contains the Average Annual Gold Rate from 1965 - 2022 | |||
| Year | Price (24 karat per 10 grams) | Year | Price (24 karat per 10 grams) |
| 2023 | ₹ 54,699 | 1994 | ₹ 4,598 |
| 2022 | ₹ 52,950 | 1993 | ₹ 4,140 |
| 2021 | ₹ 50,045 | 1992 | ₹ 4,334 |
| 2020 | ₹ 48,651 | 1991 | ₹ 3,466 |
| 2019 | ₹ 35,220 | 1990 | ₹ 3,200 |
| 2018 | ₹ 31,438 | 1989 | ₹ 3,140 |
| 2017 | ₹ 29,667 | 1988 | ₹ 3,130 |
| 2016 | ₹ 28,623 | 1987 | ₹ 2,570 |
| 2015 | ₹ 26,343 | 1986 | ₹ 2,140 |
| 2014 | ₹ 28,006 | 1985 | ₹ 2,130 |
| 2013 | ₹ 29,600 | 1984 | ₹ 1,970 |
| 2012 | ₹ 31,050 | 1983 | ₹ 1,800 |
| 2011 | ₹ 26,400 | 1982 | ₹ 1,645 |
| 2010 | ₹ 18,500 | 1981 | ₹ 1,800 |
| 2009 | ₹ 14,500 | 1980 | ₹ 1,330 |
| 2008 | ₹ 12,500 | 1979 | ₹ 937 |
| 2007 | ₹ 10,800 | 1978 | ₹ 685 |
| 2006 | ₹ 8,400 | 1977 | ₹ 486 |
| 2005 | ₹ 7,000 | 1976 | ₹ 432 |
| 2004 | ₹ 5,850 | 1975 | ₹ 540 |
| 2003 | ₹ 5,600 | 1974 | ₹ 506 |
| 2002 | ₹ 4,990 | 1973 | ₹ 279 |
| 2001 | ₹ 4,300 | 1972 | ₹ 202 |
| 2000 | ₹ 4,400 | 1971 | ₹ 193 |
| 1999 | ₹ 4,234 | 1970 | ₹ 184 |
| 1998 | ₹ 4,045 | 1969 | ₹ 176 |
| 1997 | ₹ 4,725 | 1968 | ₹ 162 |
| 1996 | ₹ 5,160 | 1967 | ₹ 103 |
| 1995 | ₹ 4,680 | 1966 | ₹ 84 |
| 1994 | ₹ 4,598 | 1965 | ₹ 72 |
Major Banks Agriculture Gold Loan Per Gram Rate Comparison
| Feature | HDFC Bank | SBI |
Muthoot Finance
|
| Interest Rate | 9.90% onwards | 7% onwards | 12% onwards |
| 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 |
| Pre-closure Charges | 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 | 3066 | 3073 | 3073 |
Tips to Get The Highest Agriculture Gold Loan Amount from Pandyan Grama Bank
- For a gold loan, the Pandyan Grama Bank accepts both hallmarked and non-hallmarked jewellery. The Pandyan Grama Bank Agriculture Gold Loan provides the best service because appraisers are less likely to undervalue hallmark jewellery. Furthermore, some financial institutions charge lower transaction fees for hallmarked gold jewellery.
- In the price of 22-carat gold, the Pandyan Grama Bank Agriculture Gold Loan accounts for purity. As a result, to get the most money for the Pandyan Grama Bank loan, borrow against higher-purity jewellery if at all necessary.
- The net weight of your jewellery determines the amount of gold loan you are liable for, according to Pandyan Grama Bank Bank. As much as possible, choose jewellery with lesser gems and stones. Using gold exchange rates, the net weight can be measured. The overall weight and value of a piece of jewellery decrease as more diamonds and stones are added, resulting in a lower jewel loan you are eligible for.
- In gold, it’s common practice to aim for the maximum possible LTV. The RBI has granted Pandyan Grama Bank permission to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.
Pandyan Grama Bank Agriculture Gold Loan FAQs
✅ What is the interest rate for Pandyan Grama Bank agriculture gold loan?
Pandyan Grama Bank Agricultural Gold Loans start at an interest rate of 7% per annum. For Pandyan Grama Bank Agricultural Gold Loan, you need agricultural land and cultivation along with the basic documents such as an Aadhaar Card/PAN Card.
✅ What is Pandyan Grama Bank Agri gold loan?
Pandyan Grama Bank Agri Gold Loan is a loan against gold, particularly for farmers, that are available for agricultural purposes. The loan amount disbursed under the Pandyan Grama Bank Agri gold loan can only be used for agricultural and allied activities. One has to present the proof of agricultural land and cultivation along with the basic documents required for the Pandyan Grama Bank Agri Gold Loan.
✅ How to pay Pandyan Grama Bank Agriculture Gold Loan Online?
You have an option to pay Pandyan Grama Bank Agriculture online through online repayment applications.
Read More: Best Methods of Repaying Gold Loan
