Sarva UP Gramin Bank Gold Loan Per Gram

Sarva UP Gramin Bank Gold Loan Per Gram is ₹ 72,800 to ₹ 78,350

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

Gold Loan Calculator for Sarva UP Gramin Bank

• 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 at Sarva UP Gramin Bank is calculated by subtracting the weight of gems and stones from the total weight of the jewellery. The appraiser will record all.
• Loan To Value – Sarva UP 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, Sarva UP Gramin Bank will give you a lower interest rate.
• To calculate the value, purity and net weight of gold in your jewellery will be multiplied by the gold price at Sarva UP Gramin Bank. The Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity, has been recommended to Indian banks. Rajasthan Bank will change the value of 20-carat gold using a 30-day average of 22-carat gold multiplied by a factor of 20/22. You can also lookup the latest gold rate at Dialabank.

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

The table below shows how much the Sarva UP Gramin Bank Gold Loan Per Gram will provide various 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

Sarva UP Gramin Bank Gold Loan Rates Per Gram

The following table shows Sarva UP Gramin Bank Gold Loan Per Gram Rates – Jan 07 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 might affect 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 Sarva UP Gramin Bank

• The Sarva UP Gramin Bank accepts both hallmarked and non-hallmarked jewellery for a gold loan. Since appraisers are less likely to undervalue hallmark jewellery, the Sarva UP Gramin Bank will offer you the best gold loan per gramme. Furthermore, for hallmarked gold jewellery, certain financial institutions charge lower transaction fees.
• The Sarva UP Gramin Bank Gold Loan Per Gram accounts for purity in the price of 22-carat gold. As a result, if 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 Sarva UP Gramin Bank. As much as possible, choose jewellery with the fewest gems and stones. The majority of banks will subtract the weight of gems and stones from the total weight of the jewellery. Using the gold values at the v 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 Sarva UP 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 go to the Sarva UP Gramin Bank and apply for a gold loan. 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 Sarva UP Gramin Bank. Ajay will receive the highest gold loan amount of Rs 2.60 lakh from Sarva UP Gramin Bank because he has the most gold weight.

Sarva UP Gramin Bank Gold Loan Per Gram FAQs

✅ What is the Sarva UP Gramin Bank Gold Loan scheme?

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

✅ How much Gold Loan can I get per gram in Sarva UP Gramin Bank?

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

✅ How is Sarva UP Gramin Bank Gold Loan Per Gram calculated?

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