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The gold loan rate per gram refers to the loan amount a lender may offer for each gram of gold pledged as collateral. Understanding the gold loan per gram helps borrowers estimate their potential loan amount before applying.
For example, if you have 20 grams of 22 carat gold and the gold loan value per gram is set at Rs. 4,500, the total assessed value of your gold would be Rs. 90,000. As per the latest RBI guideline rules for loan-to-value (LTV), such as LTV of 85% for loans up to Rs. 2.5 lakh, you may be eligible for a loan amount of up to Rs. 76,500.
The gold loan rate per gram is dependent on factors such as gold purity, gold prices, and the lender's valuation methodology. Generally, high purity gold and stronger market prices can result in a higher gold loan value per gram, which may increase the eligible loan amount.
Checking the gold loan per gram before applying for a gold loan can help you plan your finances better and understand your borrowing capacity. You can also use an online gold loan calculator to get a quick estimate based on your gold weight and purity.
Key takeaways
Here's what you need to know before applying for a gold loan based on the gold loan per gram value:
You can also use a gold loan calculator to get a clear estimate of your eligible loan amount before applying.
The amount you may get as a gold loan for per gram depends mainly on the purity and weight of your gold, its assessed value and the applicable loan-to-value (LTV) ratio. Higher-purity gold may have a higher value per gram, while changes in gold prices can also affect the loan amount.
Illustrative example, if 22-carat gold is valued at Rs. 4,500 per gram and you pledge 20 grams, the total assessed value would be Rs. 90,000. At an LTV of 75%, the eligible loan amount could be up to Rs. 67,500. The actual amount may vary based on the valuation and applicable norms at the time of application.
For gold jewellery, ornaments or coins, Bajaj Finance considers the lower of the previous day’s closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange while assessing the gold value.
The gold loan value per gram depends on the gold’s purity, weight, applicable gold price and loan-to-value (LTV) ratio. You can use these details to get a rough idea of the loan amount you may be eligible for.
Formula: Gold loan per gram = Applicable gold price per gram × Applicable LTV ratio
Example: Suppose 22 carat gold is valued at Rs. 6,000 per gram and the applicable LTV is 75%.
Gold loan per gram = Rs. 6,000 × 75%
Eligible loan amount per gram = Rs. 4,500
The total eligible loan amount will depend on the weight of gold you pledge. Higher-purity gold may have a higher assessed value, which can affect the loan amount. You can also use the online gold loan calculator to estimate your Bajaj Finance gold loan per gram and get a better idea of your borrowing capacity.
Quick tip: Before pledging your gold, check your gold loan eligibility to see the applicable loan amount and tenure.
The gold loan rate per gram can vary based on the value and purity of the gold you pledge, along with market conditions. Knowing what affects the rate can give you a clearer idea of the loan amount you may receive.
Checking the current gold loan rate per gram and using a gold loan calculator can help you get an estimate before applying.
Pro tip: Check your eligibility for a Bajaj Finance Gold Loan in just two steps. Enter your mobile number
Gold purity is one of the most important factors that determines the gold loan value per gram. Lenders assess the purity of gold before calculating the eligible loan amount. In general, higher-purity gold has a higher market value and may qualify for a higher gold loan rate per gram.
Key factors that influence the loan amount include:
18-carat gold contains 75% pure gold. Since its gold content is lower than 20-carat and 22-carat, the eligible loan amount per gram is generally lower. The exact gold loan value per gram depends on the applicable gold prices and lender policies.
20-carat gold contains a higher percentage of pure gold than 18-carat gold. As a result, borrowers may receive a higher gold loan rate per gram compared to 18-carat gold, subject to valuation and LTV limits.
The gold loan per gram value for 22 carat gold is higher because it contains a greater proportion of pure gold. Since most gold jewellery in India is made in 22-carat purity, it is generally accepted by lenders for gold loans and may attract a higher loan amount per gram.
A gold loan per gram comparison helps borrowers understand which lender offers the best value against their gold. However, the highest loan amount should not be the only factor considered.
| Comparison factor | Why it matters |
|---|---|
| Gold loan per gram | It determines the loan amount available against each gram |
| Interest rate | It affects the total borrowing cost |
| Loan-to-value ratio | It affects the maximum eligible loan amount |
| Repayment options | It offers flexibility in loan repayment |
| Processing charges | It impacts the overall cost of borrowing |
| Loan tenure | It determines repayment duration |
When you compare gold loan per gram rates, consider the complete loan package rather than focusing only on the loan amount.
Checklist before applying:
A detailed gold loan per gram comparison can help borrowers choose a loan that offers both low interest rates and suitable repayment flexibility.
Pro tip: Since gold prices move with market trends, knowing your eligible loan amount keeps you financially ready. Check your gold loan eligibility to see what you can access.
Understanding the gold loan per gram can help borrowers make informed financial choices before applying for a loan. Since the gold loan value per gram depends on the purity of gold, applicable gold rate, and lender policies, understanding these factors can help you estimate the amount you may be eligible to borrow as loan.
Key benefits include:
By tracking the latest gold loan per gram rates and understanding valuation methods, borrowers can compare options confidently and select a gold loan that best suits their financial requirements.
If you are planning to apply for a gold loan, it is important to understand how eligibility is determined per gram of gold. The process is quite straightforward and requires only a few basic conditions to be met. Lenders such as Bajaj Finance make this process simple, ensuring quick access to funds. Key eligibility criteria and loan calculation:
The maximum LTV eligible for consumption loans per borrower depends on the loan amount and cannot be more than the limits given:
You can use the Bajaj Finance Gold Loan calculator to check your gold loan eligibility per gram and get an estimate instantly.
Quick tip: Do not let your gold sit idle—tap into its value with a gold loan that suits your needs. Check your gold loan eligibility today!
Applying for a gold loan with Bajaj Finance is simple and requires minimal paperwork. You only need to provide basic KYC documents to complete the process. Since the loan is secured against your physical gold, there is no need for extensive financial documents, which makes approval faster and more convenient. To apply, you just need any one of the following KYC documents required for gold loan:
Once your gold is evaluated and documents are verified, your loan is approved quickly, often with same-day disbursal.
Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.
The amount of gold required for a Rs. 5 lakh loan depends on the gold rate, the purity of your gold, and the applicable loan-to-value ratio. Higher purity means you need less gold to get the same loan amount.
The loan amount on 10 grams of gold depends on the applicable gold rate, purity of the pledged gold, and the lender’s loan-to-value (LTV) ratio. Generally, higher purity gold and higher gold rates will give you a larger loan amount. Use a gold loan calculator for an accurate estimate.
Please note, under gold loan eligibility, the valuation is based only on the intrinsic value of the gold. Stones and other embellishments are not considered.
The gold loan you can receive per gram depends on the weight and purity of your pledged gold, along with the lender’s loan-to-value (LTV) ratio. Higher purity gold generally offers a better value. You can easily check the estimate loan amount using an online gold loan calculator.
For 22-carat gold, the gold loan rate per gram is based on its purity, weight, and the applicable gold price. Lenders also apply a loan-to-value (LTV) ratio as per RBI guidelines. Since 22-carat gold is highly pure, it usually offers a better per gram loan value.
The gold loan rate per gram depends on several factors. These include the current market price of gold, the purity of your gold, and the lender’s loan-to-value (LTV) ratio. Higher purity and gold prices usually increase the per gram value offered.
Yes, retirees can apply for a Bajaj Finance Gold Loan if they meet the eligibility criteria. The applicable interest rate is based on the loan terms and is not fixed per gram. Your gold’s purity, net weight and value also affect the loan amount.
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000
