Vidharbha Konkan Gramin Bank Gold Loan Per Gram is ₹ 72,800 to ₹ 78,350
| Vidharbha Konkan Gramin Bank Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 72,800 to ₹ 78,350 |
| Eligible Age | 18 to 75 years |
| Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
| Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
| Purity of Gold | 18 carat to 22 carat |
| Type of Gold | Gold jewellery and gold coins of 18-24 carats |
| Loan To Value | 25% of the gold ornament’s market value |
Customers may apply for a gold loan using their own gold through the Vidharbha Konkan Gramin Bank Gold Loan scheme. The Vidharbha Konkan Gramin Bank has a number of benefits, one of which is a low interest rate.
Gold Loan Calculator for Vidharbha Konkan Gramin Bank
- Purity and net weight of gold used in jewellery: In order to be used in jewellery, gold should be between 18 and 24 carats pure. To calculate the net weight, the Vidharbha Konkan Gramin Bank Gold Loan Per Gram subtracts the weight of gems and stones from the total weight of the jewellery. In a notebook, the appraiser will keep track of his results.
- The purity and net weight of gold in your jewellery will be multiplied by the gold price at Vidharbha Konkan 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. Vidharbha Konkan Gramin Bank will use the 30-day average of 22-carat gold multiplied by a factor of 20/22 to adjust the value of 20-carat gold. You can also lookup the latest gold rate at Dialabank.
- Loan To Value – After determining the value of your jewellery, Vidharbha Konkan Gramin Bank will use an LTV of up to 75% to determine your eligibility for a jewel loan. Vidharbha Konkan Gramin Bank will give you a lower interest rate if you can take a loan amount that is less than your maximum LTV.
Vidharbha Konkan Gramin Bank Gold Loan Rate Per Gram by Gold Purity
The table below shows an estimation of how much the Vidharbha Konkan Gramin Bank Gold Loan Per Gram would provide against gold jewellery of various purity levels at a maximum LTV of 75% and a lower LTV of 65%.
| Gold Purity | Gold Rate Per Gram- Average Of Past 30 Days | Highest Gold Loan Per Gram | Lowest Gold Loan Per Gram |
| 22 carat | ₹ 4,620 | ₹ 4,999 | ₹ 4,956 |
| 20 carat | ₹ 3,939 | ₹ 4,178 | ₹ 3,795 |
| 18 carat | ₹ 3,545 | ₹ 3,784 | ₹ 3,460 |
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.
Vidharbha Konkan Gramin Bank Gold Loan Rates Per Gram
The following table shows Vidharbha Konkan Gramin Bank Gold Loan Per Gram Rates – Jan 14 2025
Updated - Gold Loan Per Gram Rate w.e.f Jan 14 2025 |
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| Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold Purity 18 Carat |
| 1 gram | 4621 | 4290 | 3900 | 3510 |
| 10 gram | 46210 | 42900 | 39000 | 35100 |
| 20 gram | 93600 | 85800 | 78000 | 70200 |
| 30 gram | 140400 | 128700 | 117000 | 105300 |
| 40 gram | 187200 | 171600 | 156000 | 140400 |
| 50 gram | 234000 | 214500 | 195000 | 175500 |
| 100 gram | 468000 | 429000 | 390000 | 351000 |
| 200 gram | 936000 | 858000 | 780000 | 702000 |
| 300 gram | 1404000 | 1287000 | 1170000 | 1053000 |
| 400 gram | 1872000 | 1716000 | 1560000 | 1404000 |
| 500 gram | 2340000 | 2145000 | 1950000 | 1755000 |
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. Investors keep a close eye on the markets for shifts in price that might impact demand.Take a look at the following comprehensive historical gold loan rates per gram:
| This Table Contains the Average Annual Gold Rate from 1965 - 2022 | |||
| Year | Price (24 karat per 10 grams) | Year | Price (24 karat per 10 grams) |
| 2023 | ₹ 54,699 | 1994 | ₹ 4,598 |
| 2022 | ₹ 52,950 | 1993 | ₹ 4,140 |
| 2021 | ₹ 50,045 | 1992 | ₹ 4,334 |
| 2020 | ₹ 48,651 | 1991 | ₹ 3,466 |
| 2019 | ₹ 35,220 | 1990 | ₹ 3,200 |
| 2018 | ₹ 31,438 | 1989 | ₹ 3,140 |
| 2017 | ₹ 29,667 | 1988 | ₹ 3,130 |
| 2016 | ₹ 28,623 | 1987 | ₹ 2,570 |
| 2015 | ₹ 26,343 | 1986 | ₹ 2,140 |
| 2014 | ₹ 28,006 | 1985 | ₹ 2,130 |
| 2013 | ₹ 29,600 | 1984 | ₹ 1,970 |
| 2012 | ₹ 31,050 | 1983 | ₹ 1,800 |
| 2011 | ₹ 26,400 | 1982 | ₹ 1,645 |
| 2010 | ₹ 18,500 | 1981 | ₹ 1,800 |
| 2009 | ₹ 14,500 | 1980 | ₹ 1,330 |
| 2008 | ₹ 12,500 | 1979 | ₹ 937 |
| 2007 | ₹ 10,800 | 1978 | ₹ 685 |
| 2006 | ₹ 8,400 | 1977 | ₹ 486 |
| 2005 | ₹ 7,000 | 1976 | ₹ 432 |
| 2004 | ₹ 5,850 | 1975 | ₹ 540 |
| 2003 | ₹ 5,600 | 1974 | ₹ 506 |
| 2002 | ₹ 4,990 | 1973 | ₹ 279 |
| 2001 | ₹ 4,300 | 1972 | ₹ 202 |
| 2000 | ₹ 4,400 | 1971 | ₹ 193 |
| 1999 | ₹ 4,234 | 1970 | ₹ 184 |
| 1998 | ₹ 4,045 | 1969 | ₹ 176 |
| 1997 | ₹ 4,725 | 1968 | ₹ 162 |
| 1996 | ₹ 5,160 | 1967 | ₹ 103 |
| 1995 | ₹ 4,680 | 1966 | ₹ 84 |
| 1994 | ₹ 4,598 | 1965 | ₹ 72 |
Gold Loan Per Gram Rate Comparison for Major Banks
|
Feature
|
Manappuram
|
Axis Bank
|
Yes Finance
|
|
Interest Rate
|
9.90%
|
12.50%
|
9.99%
|
|
Min Loan Amt
|
Metro : 25000, Non : 15000
|
25000
|
15000
|
|
Max Loan Amt
|
1 Cr
|
1 Cr
|
1 Cr
|
|
Loan Tenure
|
3 months to 24 months
|
9 months to 24 months
|
1 month to 24 months
|
|
Processing Fee
|
0.25% to 1.50% of the Loan Amt
|
0.25% to 1.50%
|
Nil
|
|
Preclosure Chgs
|
2%, Nil foreclosure charges after 3 months
|
2%, Nil foreclosure charges after 9 months
|
Nil
|
|
Overdraft Facility
|
Yes
|
Yes
|
Yes
|
|
Pay Only Interest Facility
|
Yes
|
Yes
|
Yes
|
|
Gold Rate Per Gram
|
3,124
|
3,073
|
3,069
|
Tips to get the highest Gold Loan Amount Per Gram from Vidharbha Konkan Gramin Bank
For a gold loan, the Vidharbha Konkan Gramin Bank accepts both hallmarked and non-hallmarked jewellery. If you have hallmark jewellery, the appraiser is less likely to undervalue it, resulting in the Vidharbha Konkan Gramin Bank giving you the best gold loan per gramme. Furthermore, some financial institutions charge lower transaction fees for hallmarked gold jewellery.- In the price of 22-carat gold, the Vidharbha Konkan 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 Vidharbha Konkan Gramin Bank, the amount of gold loan you are liable for is determined by the net weight of your jewellery. Choose jewellery with the fewest gems and stones as much as possible. The weight of gems and stones will be deducted from the overall weight of the jewellery by the majority of banks. The net weight will be calculated by the gold valuers at the Vidharbha Konkan Gramin 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 Vidharbha Konkan Gramin Bank permission to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.
GOLD LOAN @ 0.75%*
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ILLUSTRATION: The loan sum is calculated using the 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 is in possession of 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 Vidharbha Konkan Gramin Bank. 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.
| Carats / Weight Of Gold | Gold Weight (In Gm) | Purity Of Gold (In Carat) | Gold Loan Eligibility |
|---|---|---|---|
| Ajay | 70 | 18 | ₹ 2.60 Lakh |
| Abhishek | 60 | 20 | ₹ 2.48 Lakh |
| Jyoti | 50 | 22 | ₹ 2.27 Lakh |
Jyoti, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from Vidharbha Konkan Gramin Bank, as seen in the example above. Since he has the most gold weight, Ajay will earn the highest gold loan sum of Rs 2.60 lakh from Vidharbha Konkan Gramin Bank.
Vidharbha Konkan Gramin Bank Gold Loan Per Gram FAQs
✅ What is Vidharbha Konkan Gramin Bank Gold Loan scheme?
Vidharbha Konkan 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 Vidharbha Konkan Gramin Bank and other leading banks and non-banking financial companies. The current rate for Vidharbha Konkan Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.
✅ How much Gold Loan can I get per gram in Vidharbha Konkan Gramin Bank?
Vidharbha Konkan Gramin Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Vidharbha Konkan Gramin Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.
✅ How is Vidharbha Konkan Gramin Bank Gold Loan Per Gram calculated?
The Vidharbha Konkan Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Vidharbha Konkan 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.
