Sarva Haryana Gramin Bank Gold Loan Per Gram

Sarva Haryana Gramin Bank Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350

In the year 2017, Sarva Haryana Gramin Bank was founded. After the merger of two banks, Haryana Gramin Bank and Gurgaon Gramin Bank, this bank was established. The bank’s headquarters are now in Rohtak. In addition, the bank is present in all 22 districts of Haryana. Furthermore, the bank operates a 650-branch network in Haryana. This bank provides a wide range of financial services. A Jewel Loan is one of them.

Gold Loan Calculator Sarva Haryana Gramin Bank

Dialabank’s Gold Loan Calculator estimates the amount of gold loan you can get based on the factors below.

• The bank’s in-house valuer will determine the purity and net weight of gold in your jewellery. The gold used in the jewellery should have a purity of 18 to 24 carats.
• The bank will deduct the weight of gems and stones from the total weight of the jewellery to determine the net weight.
• After determining the purity and net weight of gold in your jewellery, the valuer multiplies it by the current gold price to determine its value.
• To assess your jewel loan sum eligibility, the bank will use an LTV of up to 75%.

Sarva Haryana Gramin Bank Gold Loan Rate Per Gram by Gold Purity

The table below shows an estimation of the gold loan per gram that the bank would sell against various purity levels of gold jewellery at a maximum LTV of 75 per cent and a lower LTV of 65 per cent.

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

Sarva Haryana Gramin Bank Gold Loan Rates Per Gram

A gold loan from Sarva Haryana Gramin Bank is a loan with reasonable interest rates that vary depending on the amount borrowed.

Historical Gold Loan Rates Per Gram

Gold is a valuable metal. Gold has emotional, cultural, and financial quality, and people buy it for a variety of reasons all over the world. Gold loans are the fastest and most convenient way to obtain funds for a company or personal needs.

Gold Loan Per Gram Rate Comparison for Major Banks

Tips to getting Best Gold Loan Amount Per Gram from Sarva Haryana Gramin Bank

• For a gold loan, the bank accepts both hallmarked and non-hallmarked jewellery.
• Some banks, on the other hand, charge lower transaction fees for hallmarked gold jewellery.
• Borrowing against higher purity jewellery will still get you the most money for a gold loan.
• Choose jewellery with the fewest gems and stones possible. The weight of gems and stones will be deducted from the overall weight of the jewellery by the majority of banks.
• If the gold used in the jewellery is less than 18-carat purity, the Bank will not allow it.
• The RBI allows the bank to measure the amount of gold loan you are eligible for using a maximum LTV of up to 75%.

Example: The loan sum is determined by the purity of gold, the LTV, and the weight of gold. Assume Mr Ram and his two mates, Mr Kesav and Mr Ashwith, each own differing quantities of gold of various purity. Mr Ram owns 70 grammes of gold with an 18-carat purity. Mr Kesav has 60 grammes of gold that is 20 carats pure, while Mr Ashwith has 50 grammes of gold that is 22 carats pure. They apply for a gold loan. 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.

Mr Ashwith, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from the Bank, as seen in the illustration above. Since Mr Ram has more gold weight, the Bank will give him the highest gold loan sum of Rs 2.60 lakh in the same example.