Pandyan Grama Bank Gold Loan Per Gram

Pandyan Grama Bank Gold Loan Per Gram is ₹ 72,800 to ₹ 78,350

Gold Loan Calculator for Pandyan Grama Bank

• Purity and net weight of gold used in jewellery: Gold should be between 18 and 24 carats pure when used in jewellery. To calculate the net weight, the Pandyan Grama Bank will subtract the weight of gems and stones from the total weight of the jewellery. Then, in a notebook, the appraiser will keep track of his results.
• To determine its worth, Pandyan Grama Bank will check the purity and net weight of gold in your jewellery and will be multiplied by the price of gold. The Reserve Bank of India has advised Pandyan Grama Bank and other banks to use the 30-day average price of 22-carat gold, adjusted for purity by the Reserve Bank of India. If the gold is 20-carat purity, Pandyan Grama Bank can change the value by using the 30-day average of 22-carat gold multiplied by a factor of 20/22. You can also look up the latest gold rate at Dialabank.
• Loan To Value – After determining the value of your jewellery, Pandyan Grama Bank will use an LTV of up to 75 per cent to determine your jewel loan sum eligibility. Pandyan Grama Bank will give you a lower interest rate if you are able to take a loan amount that is less than your maximum LTV.

Pandyan Grama Bank Gold Loan Rate Per Gram by Gold Purity

The table below shows an estimation that Pandyan Grama Bank Gold Loan Per Gram would provide against gold jewellery of various purity levels at a maximum LTV of 75% and a lower LTV of 65%.

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

Pandyan Grama Bank Gold Loan Rates Per Gram

The following table shows Pandyan Grama Bank Gold Loan Per Gram Rates – Jan 17 2025

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 Pandyan Grama Bank

• For Pandyan Grama Bank Gold Loan Per Gramaccepts both hallmarked and non-hallmarked jewellery. If you have hallmark jewellery, you will get the highest Pandyan Grama Bank gold loan per gramme because the value is less likely to undervalue it. Furthermore, Pandyan Grama Banks charges lower transaction fees for hallmarked gold jewellery.
• In the price of 22-carat gold, the Pandyan Grama Bank Gold Loan Per Gram accounts for purity. As a result, to get the most money for a gold loan, borrow against higher-purity jewellery if at all necessary.
• Based on the net weight of your jewellery, Pandyan Grama Bank will determine the amount of loan you are liable for. To improve your chances of getting a Pandyan Grama Bank Gold Loan Choose jewellery with the fewest gems and stones as much as possible. The weight of gems and stones will be subtracted from the overall weight of your jewellery by Pandyan Grama Bank. An analysis conducted by the gold valuers of Pandyan Grama Bank would determine the net weight. As more diamonds and stones are applied the chances of getting a Pandyan Grama Bank Gold Loan is lower as the total weight and value of the gold decrease.
• In gold, it’s common practice to aim for the maximum possible LTV. The RBI has given Pandyan Grama Bank permission to charge a maximum LTV of up to 75% when calculating the amount of Pandyan Grama Bank Gold Loan Per Gram you are eligible for.

ILLUSTRATION: Pandyan Grama Bank Gold Loan is calculated using the purity of gold, the LTV, and the weight of gold. Assume that Ketan, Shubhash, and Ankita owns a different amount of gold, each with a different purity level. Ketan is in possession of 70 grammes of 18-carat gold. Ankita has 50 grammes of 22-carat gold, and Shubhash has 60 grammes of 20-carat gold. They apply for a gold loan at Pandyan Grama Bank. The price used to determine their gold loan sum eligibility based on a maximum LTV of 75% would vary depending on the purity of gold, resulting in different gold loan eligibility. Since she has the smallest gold weight of 50gm, Ankita will receive the lowest gold loan rate of 2.27 lakh from Pandyan Grama Bank.

Ankita, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from Pandyan Grama Bank, as seen in the example above. Since Ketan has the most gold weight, Keta will receive the highest Pandyan Grama Bank Gold Loan Per Gram of Rs 2.60 lakh.

Pandyan Grama Bank Gold Loan Per Gram FAQs

✅ What is Pandyan Grama Bank Gold Loan scheme?

Pandyan Grama 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 Pandyan Grama Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

✅ How much Gold Loan can I get per gram?

The Gold Loan depends upon the purity of your gold. Pandyan Grama Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

✅ How is Pandyan Grama Bank Gold Loan Per Gram calculated?

The Pandyan Grama Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market gold rate. Pandyan Grama 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.