Yes Bank Agriculture Gold Loan

Yes Bank Agriculture Gold Loan Features and Benefits

The interest rate for the gold loan offered by Yes Bank starts from 7% per annum.  The maximum loan amount an individual can avail as an agriculture gold loan from Yes Bank is Rs. 50 lakhs as loan amount from this bank. The loan tenure is only for 36 months which is 3 years. However, there are different repayment schemes such as bullet repayment scheme and overdraft scheme. 

Yes Bank Agriculture Gold loan calculator 

1. The total weight and purity of the gold that is being pledged: The bank would use the in-house valuers to do a proper assessment of the purity and the total weight of the gold in the jewellery that you pledge. The bank would expect the gold to have a purity ranging from 18- 24 carats. Yes Bank also reduces the weights of the gems and stones from your jewellery and calculates the value only for the gold. 
2. The price of the gold: Once the estimation of the purity and the net weight of the gold has been done, the bank would multiply it with the current price of the gold. The Reserve Bank of India has given clear instructions to all banks that they should have a 30 days average of 22-carat gold multiplied by a factor of 20/22 to adjust the value of the gold.
3. Loan to Value Ratio: After the value of the jewellery has been calculated, Yes Bank would apply an LTV of up to 75% to calculate your jewel loan amount eligibility. Check Yes Bank for exciting offers on the same.

Yes 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 Yes Bank Agriculture Gold Loan

Yes Bank Agriculture Gold Loan Rate Per Gram by Gold Purity

The following table provides us with an approximate estimation of the gold loan per gram which Yes Bank would be offering for gold jewellery with varying purity rates.

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

Yes Bank Agriculture Gold Loan Interest Rates Per Gram

The following table gives us the Yes Gold Loan Rate Per Gram- Updated Jan 17 2025

Historical Gold Loan Rates Per Gram

The Indians are one of the world’s leading consumers of gold, it is this precious metal that constitutes an ample portion of the country’s total imports. Indians tend to invest in gold because it is considered a ‘safe’ investment.

Major Banks Agriculture Gold Loan Per Gram Rate Comparison

Tips to Get The Highest Agriculture Gold Loan Amount from Yes Bank

• Yes Bank is known for accepting all kinds of jewellery for giving a loan. However, if you want a higher gold loan amount then it’s best if you pledge hallmarked jewellery for it has more value and some banks even reduce the processing fees for the same.
• The Yes Bank is said to adjust the price of 22-carat gold for the purity of the gold. Hence, it is very important to borrow against higher purity jewellery as it will get you a higher gold loan amount.
• Yes Bank would then calculate the net wright of jewellery to calculate and predict the amount of loan that you would get for the given quantity of gold. Always pledge gold jewellery with minimal stones and gems. As it is the weight of the gold that they would take into account and not the stones. Having stones or gems would reduce the value of the gold and in turn reducing the amount that you get as a gold loan.
• Always try to get the maximum LTV on the value of gold. However, Yes Bank is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

ILLUSTRATION: The loan amount eligibility is decided on the basis of purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 70 gram of gold with a purity of 18 carats. Mr B has 60 gram of gold with a purity of 20 carats and Mr C has 50 grams of gold with purity or 22 carats. They approach Yes Bank to avail of a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold and hence, will result in varying gold loan eligibility.