State Bank of Mysore Gold Loan Per Gram

State Bank of Mysore Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350

State Bank of Mysore Gold Loan Calculator

To use the State Bank of Mysore Gold Loan EMI Calculator at Dialabank, you must enter the following information:

• The lender’s offered interest rate
• Loan principal of the subscribed/required gold loan
• The repayment period that is planned

Following the submission of these three details, the EMI calculator would instantly calculate the monthly instalments to be paid by the borrower (while taking into account the current gold prices). Similar data can be entered into other EMI calculators, such as a home loan calculator, a personal loan EMI calculator, a car loan EMI calculator, and so on.

Check the current gold rate with Dialabank.

State Bank of Mysore Gold Loan Rate Per Gram by Gold Purity

The table below provides an estimate of the gold loan per gram that the State Bank of Mysore will offer 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

State Bank of Mysore Gold Loan Rate Per Gram

The table below displays the most recent State Bank of Mysore gold loan rates per gram. Jan 14 2025

Historical Gold Loan Per Gram Rates

The table shows that, except for a few lows between some years, the gold price trend has historically been on the rise, giving credibility to the argument that gold is a safe investment over long periods.

Major Banks Gold Loan Per Gram Rate Comparison

Tips to Get The Highest Gold Loan Amount from State Bank of Mysore

• To obtain a gold loan, State Bank of Mysore accepts both hallmarked and un hallmarked jewellery. If you pledge hallmark jewellery, you can get a larger loan amount. Furthermore, some banks charge lower processing fees for hallmarked gold jewellery.
• The State Bank of Mysore adjusts the price of gold based on its purity. As a result, always try to borrow money against higher purity jewellery, as this will provide you with the highest amount for a gold loan.
• Make every effort to obtain the highest LTV on the value of gold. The RBI allows the bank to request a maximum LTV of up to 75 per cent to calculate the exact amount of gold loan you are eligible for.

Illustration: The loan amount is determined by the purity of the gold, the LTV, and the weight of the gold. Assume Aditya and his two friends Bony and Chaaya, each own varying amounts of gold of varying purity. Aditya possesses 70 grams of gold with an 18-carat purity. Bony possesses 60 grams of gold with a purity of 20 carats, while Chaaya possesses 50 grams of gold with a purity of 22 carats. They approach the State Bank of Mysore to obtain a gold loan.

The price used to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary depending on the purity of gold, resulting in varying State Bank of Mysore Gold Loan Per Gram eligibility.

News

• What exactly is a Sovereign Gold Bond (SGB)? Who is responsible for issuing these bonds?

SGBs are government securities denominated in grams of gold. They act as a replacement for physical gold. The issue price must be paid in cash by investors, and the bonds must be redeemed in cash when they reach maturity. The bond is issued on behalf of the Government of India by the Reserve Bank of India.

• Gold pledging is on the rise as household stress rises.

According to Reserve Bank data, people are increasingly turning to gold and personal loans to cover basic expenses and medical emergencies.

State Bank of Mysore Gold Loan Per Gram FAQs

✅ What is State Bank of Mysore Gold Loan scheme?

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

✅ How much Gold Loan can I get per gram in State Bank of Mysore?

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

✅ How is State Bank of Mysore Gold Loan Per Gram calculated?

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