Pragathi Krishna Gramin Bank Agriculture Gold Loan

AT 0.75%* INTEREST RATE
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Pragathi Krishna Gramin Bank Agriculture Gold Loan Features & Benefits

Pragathi Krishna Gramin Bank Interest Rate	7% per annum
Pragathi Krishna Gramin Bank Gold loan Per Gram	Rate Per Gram is ₹ 72,800 to ₹ 78,350
Pragathi Krishna Gramin Bank Gold Loan Age of Borrower	18 – 70 years
Pragathi Krishna Gramin Bank Gold Loan Maximum Loan Amount	Up to 10 lakhs
Pragathi Krishna Gramin Bank Gold Loan Maximum Loan to Gold Value Ratio	Up to 80%
Pragathi Krishna Gramin Bank Gold Loan purity of Eligible gold	18 carat to 22-carat gold
Pragathi Krishna Gramin Bank Gold Loan Loan Tenure	12 months

On August 23, 2013, Pragathi Krishna Gramin Bank was established as a rural bank. This bank headquarters is in Ballari. It was founded by the merger of two rural banks: Pragathi Gramin Bank, which was sponsored by Canara Bank, and Krishna Grameena Bank, which was sponsored by the State Bank of India. Finally, the bank serves a large network of 11 Karnataka districts in the state’s eastern region. Customers may also take advantage of a variety of financial services provided by this bank. Personal loans, gold loans, home loans, and several other types of loans are available. By taking out a loan from this site, you can easily solve your financial difficulties.

Pragathi Krishna Gramin Bank Agriculture Gold Loan Calculator

The purity and net weight of gold in your jewellery will be assessed by an in-house bank observer. The jewellery must be made of fine gold ranging from 18 to 24 carats.
To measure the exact weight, the bank will subtract the diamond and stone weights from the overall weight of the jewellery.
To determine the worth of your jewellery, multiply the current gold price by the purity and net weight of gold in it.
A loan-to-value (LTV) of up to 75% would be used to measure the loan balance.

Pragathi Krishna Gramin Bank Agriculture Gold Loan Eligibility

There are certain requirements that are required to be fulfilled to avail a agriculture gold loan:

The applicant should have attained at least 18 years of age
The individual should have his own gold ornaments or articles that can be pledged
The gold to be pledged should be 18 carats or above
The applicant should have a decent CIBIL score

Bank	Interest Rate	Lowest EMI/lakh	Eligible loan amount
HDFC Gold loan	9.90%	Rs. 4614	Rs 50 lakh for 24 months
Private Bank	10%	Rs. 8,792	Rs. 15 lakh for 12 months
Axis Bank	15%	Rs. 4,849	Rs. 20 lakh for 24 months
Yes Bank	11.25%	Rs. 3,286	Rs. 50 lakh for 36 months
Muthoot Gold loan	12%	Rs. 3321	Rs 1 cr. For 36 months
Mannapuram Gold loan	12%	Rs. 8,885	Rs 1 cr. For 12 months
Canara Bank	7.65%	Rs. 8,683	Rs. 10 lakh for 12 months
IIFL	9.24%	Rs. 9,516	Rs. 10 lakh for 11 months
IndusInd	10.50%	Rs. 8,815	Rs. 10 lakh for 12 months
Andhra Bank	10.70%	Rs. 8,824	Rs. 2 crores for 12 months
Federal Bank	8.50%	Rs. 8,722	Rs. 75 lakh for 12 months
SBI Gold loan	7.50%	Rs. 3111	20 lakh for 36 months

Documents Required for Pragathi Krishna Gramin Bank Agriculture Gold Loan

Photographs	2 Passport-Sized photos, latest, coloured, clear, without spectacles
Identity Proof	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information
Residence Proof	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information Utility Bills on the name of the applicant. Sales Tax Certificate Rental Agreement
Agricultural Land Proof	Required only if the Loan is taken for Agricultural Purpose. In the case of an Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
Demand Promissory Note	Certificate by the Jewel Appraiser (Bank will arrange)

Pragathi Krishna Gramin Bank Agriculture Gold Loan Rate Per Gram by Gold Purity

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.

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

Pragathi Krishna Gramin Bank Agriculture Gold Loan Interest Rates Per Gram

The table given below shows the Agricultural Gold Loan Interest Rates Per Gram – Updated May 25 2021

Updated - Gold Loan Per Gram Rate w.e.f Jan 16 2025
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

The table below depicts the 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	Private Bank	Muthoot Finance
Interest Rate	9.90%	10.50%	12%
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
Preclosure Chgs	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	2500	2600	2700*

Tips to Get The Highest Agriculture Gold Loan Amount from Pragathi Krishna Gramin Bank

The bank supports both hallmarked and non-hallmarked jewellery for gold loans.
You’ll get the highest return on your gold loan if you borrow against higher-purity jewellery.
Gold jewellery with fewer diamonds and crystals is more desirable.
The Bank would not approve it if the gold used in the jewellery is less than 18-carat purity.
The Reserve Bank of India (RBI) makes it possible for the bank to calculate the amount of gold debt you owe by using a net LTV of up to 75%.