Uttarakhand Gramin Bank Gold Loan Per Gram

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

Customers may apply for a gold loan using their own gold in the Uttarakhand Gramin Bank Gold Loan Per Gram scheme. The Uttarakhand Gramin Bank Gold Loan Per Gram has a number of benefits, one of which is a low interest rate.

Gold Loan Calculator for Uttarakhand Gramin Bank

• Loan To Value –After determining the value of your jewellery, Paschim Banga Gramin Bank Gold Loan Per Gram will use an LTV of up to 75% to determine your eligibility for a jewel loan. Uttarakhand Gramin Bank Gold Loan Per Gram is available at a lower interest rate. Visit the Bank if you want to take a loan amount that is less than your maximum LTV.
• Purity and net weight of gold used in jewellery: To be used in jewellery, gold should be between 18 and 24 carats pure. At Uttarakhand Gramin Bank, the net weight of the gold loan per gramme is determined by subtracting the weight of gems and stones from the total weight of the jewellery.
• The purity and net weight of gold in your jewellery will be multiplied by the gold price at Uttarakhand Gramin Bank to determine its worth. Indian banks have been advised to use the Reserve Bank of India’s 30-day average price of 22-karat gold, adjusted for purity. The value of 20-carat gold will be adjusted by a factor of 20/22 compounded by a 30-day average of 22-carat gold. You can also look up the latest gold rate at Dialabank.

Uttarakhand Gramin Bank Gold Loan Rate Per Gram by Gold Purity

The table below illustrates how much the Uttarakhand Gramin Bank Gold Loan Per Gram can 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 Gold Loan Rates Per Gram

The following table shows Uttarakhand Gramin Bank Gold Loan Per Gram Rates – Jan 17 2025

Historical Gold Loan Rates Per Gram

India is one of the world’s largest gold buyers. Gold is preferred by Indians because it is considered a “secure” investment. Traders keep an eye on the markets for shifts in price that could impact 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 Uttarakhand Gramin Bank

• For a gold loan, the Uttarakhand Gramin Bank accepts both hallmarked and non-hallmarked jewellery. Offering the best and cheapest Paschim Banga Gramin Bank Gold Loan Per Gram as these days appraisers are less likely to undervalue hallmark jewellery. Furthermore, some financial institutions charge lower transaction fees for hallmarked gold jewellery.
• In the price of 22-carat gold, the Uttarakhand Gramin Bank Gold Loan Per Gram accounts for purity. As a result, to get the most money for a gold loan, borrow against higher-purity jewellery if at all necessary.
• According to Uttarakhand Gramin Bank, the amount of gold loan you are eligible for is determined by the net weight of your jewellery. Therefore, choose jewellery with the fewest gems and stones as much as possible. The net weight can be calculated using the gold values at the Bank. As more diamonds and stones are applied to a piece of jewellery, the total weight and value of the piece decrease, 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.

ILLUSTRATION: The loan sum is calculated using gold purity, LTV, and gold weight. Assume that Ajay, Abhishek, and Jyoti each have a different amount of gold and a different degree of purity. Ajay has 70 grammes of 18-carat gold. Jyoti has 50 grammes of 22-carat gold, and Abhishek has 60 grammes of 20-carat gold. They apply for a gold loan at the Uttarakhand Gramin Bank. 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.

Jyoti, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from Uttarakhand Gramin Bank, as seen in the example above. On the other hand, since he has the most gold weight, Ajay will earn the highest gold loan sum of Rs 2.60 lakh from Uttarakhand Gramin Bank.

Uttarakhand Gramin Bank Gold Loan Per Gram FAQs

✅ What is the Uttarakhand Gramin Bank Gold Loan scheme?

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

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

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

✅ How is Uttarakhand Gramin Bank Gold Loan Per Gram calculated?

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