Paschim Banga Gramin Bank Gold Loan Per Gram

Paschim Banga Gramin Bank Gold Loan Per Gram is ₹ 72,800 to ₹ 78,350

The Paschim Banga Gramin Bank Gold Loan Per Gram scheme allows customers to apply for a gold loan using their own gold. The Paschim Banga Gramin Bank offers a variety of advantages, including a low interest rate.

Gold Loan Calculator for Paschim Banga Gramin Bank

• To calculate its value, the purity and net weight of gold in your jewellery will be multiplied by the gold price at Paschim Banga Gramin Bank Gold Loan Per Gram. The Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity, has been recommended to Indian banks. A factor of 20/22, multiplied by a 30-day average of 22-carat gold, will be applied to the amount of 20-carat gold. You can also lookup the latest gold rate at Dialabank.
• Loan To Value – Paschim Banga Gramin Bank will use an LTV of up to 75% to decide your eligibility for a jewel loan after calculating the value of your jewellery. If you can take a loan sum that is less than your maximum LTV, Paschim Banga Gramin Bank will give you a lower interest rate.
• Purity and net weight of gold used in jewellery: Gold should be between 18 and 24 carats pure to be used in jewellery. The net weight of the gold loan per gramme is calculated at Paschim Banga Gramin Bank by subtracting the weight of gems and stones from the total weight of the jewellery. All can be kept track of by the appraiser.

Paschim Banga Gramin Bank Gold Loan Rate Per Gram by Gold Purity

The table below shows how much the Paschim Banga Gramin Bank Gold Loan Per Gram will provide for different purity levels of gold jewellery at a higher 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

Paschim Banga Gramin Bank Gold Loan Rates Per Gram

The following table shows Paschim Banga Gramin Bank Gold Loan Per Gram Rates – Jan 19 2025

Historical Gold Loan Rates Per Gram

India is a major gold buyer in the world. Indians prefer gold because it is regarded as a “secure” investment. Traders keep an eye on the markets for price changes that could have an impact on demand. Take a look at the following comprehensive 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 Paschim Banga Gramin Bank

• The Paschim Banga Gramin Bank accepts both hallmarked and non-hallmarked jewellery for a gold loan. Since appraisers are less likely to undervalue hallmark jewellery, the Paschim Banga Gramin Bank Gold Loan Per Gram gives you the best service. Furthermore, for hallmarked gold jewellery, certain financial institutions charge lower transaction fees.
• The Paschim Banga Gramin 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.
• The net weight of your jewellery determines the amount of gold loan you are liable for, according to Paschim Banga Gramin Bank. As much as possible, choose jewellery with the fewest gems and stones. Using the gold values at the Bank, 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.
• It’s standard practice in gold to strive for the highest possible LTV. When calculating the amount of gold loan you are eligible for, the RBI has given Paschim Banga Gramin Bank permission to charge a maximum LTV of up to 75%.

ILLUSTRATION: Gold purity, LTV, and gold weight are used to measure the loan amount. Assume that Ajay, Abhishek, and Jyoti each have a different amount of gold and purity level. Ajay has 70 grammes of 18-carat gold in his possession. Abhishek has 60 grammes of 20-carat gold, while Jyoti has 50 grammes of 22-carat gold. They apply for a gold loan at the Gramin Bank in Paschim Banga. 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.

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

Paschim Banga Gramin Bank Gold Loan Per Gram FAQs

✅ What is the Paschim Banga Gramin Bank Gold Loan Per Gram scheme?

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

✅ How much Gold Loan can I get per gram in Paschim Banga Gramin Bank Gold Loan Per Gram?

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

✅ How is Paschim Banga Gramin Bank Gold Loan Per Gram calculated?

The Paschim Banga Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Paschim Banga Gramin 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.