Uttarakhand Gramin Bank Agriculture Gold Loan

Uttarakhand Gramin Bank Agriculture Gold Loan is ₹ 72,800 to ₹ 78,350

Uttarakhand Gramin Bank Agriculture Gold Loan Calculator

• Purity and net weight of gold used in jewellery: The purity of gold used in jewellery should be 18 to 24 carats. Almost everything can be monitored by the appraiser.
• To calculate its value, the purity and net weight of gold in your jewellery will be multiplied by the gold price at the bank. The Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity, has been recommended to Indian banks. A 30-day total of 22-carat gold will be multiplied by the amount of 20-carat gold compounded by a 20/22 ratio.
• After determining the value of your jewellery, Uttarakhand Gramin Bank will use an LTV of up to 75% to determine your eligibility for a jewel loan. Uttarakhand Gramin Bank will give you a lower interest rate if you take a loan amount that is less than your maximum LTV.

Uttarakhand 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

Documents Required for Uttarakhand Gramin Bank Agriculture Gold Loan

Uttarakhand Gramin Bank Agriculture Gold Loan Rate Per Gram by Gold Purity

The table below shows how much a Uttarakhand Gramin Bank Agriculture Gold Loan will provide for 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

Uttarakhand Gramin Bank Agriculture Gold Loan Interest Rates Per Gram

The following table shows Uttarakhand Gramin Bank Agriculture Gold Loan Per Gram Rates – Jan 19 2025

Historical Gold Loan Rates Per Gram

Studying the gold rate trend in India will provide insight into potential volatility, allowing for more informed investment decisions. The gold rate is influenced by a number of factors, including the central bank’s stability, market supply and demand, quantitative easing, government reserves, the health of the jewellery industry, and total annual output, to name a few. Take a look at the following comprehensive historical gold loan rates per gram:

Major Banks Agriculture Gold Loan Per Gram Rate Comparison

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

• For a gold loan, the Uttarakhand Gramin Bank accepts both hallmarked and non-hallmarked jewellery. The Uttarakhand Gramin Bank Agriculture Gold Loan provides the best service because appraisers are less likely to undervalue hallmark jewellery. Furthermore, some financial institutions charge lower transaction fees for hallmarked gold jewellery.
• The Agriculture Gold Loan from the Uttarakhand Gramin Bank focuses on 22-carat gold purity. As a result, to get the most money for a gold loan, borrow against higher-purity jewellery if at all necessary.
• The net weight of your jewellery determines the amount of gold loan you are liable for, according to Uttarakhand Gramin Bank. As much as possible, choose jewellery with the fewest gems and stones. Gold exchange rates can be used to measure the net weight. 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.
• In gold, it’s common practice to aim for the maximum possible LTV. The RBI has granted Uttarakhand Gramin Bank permission to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.