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The gold loan rate per gram refers to the amount a lender may offer for each gram of gold pledged as collateral. It helps you estimate how much you could borrow against your gold before applying for a loan.
The eligible loan amount depends on the following factors:
For example, if 20 grams of 22 karat gold is valued at Rs. 4,500 per gram, its assessed value would be Rs. 90,000. At an 85% LTV, the indicative loan amount would be Rs. 76,500, subject to the lender’s assessment and applicable rules.
Checking the gold loan rate per gram and using an online gold loan calculator can help you estimate your borrowing capacity and plan repayment costs before applying.
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 gold loan rate per gram refers to the amount a lender may offer for each gram of gold pledged as collateral. It helps you estimate your potential loan amount before applying. The final amount depends on gold purity, net weight, the assessed gold value and the applicable loan-to-value (LTV) ratio.
For example, if 20 grams of 22 karat gold is valued at Rs. 4,500 per gram, the total assessed value would be Rs. 90,000. At an LTV of 75%, the indicative loan amount would be Rs. 67,500, subject to the lender’s assessment and applicable rules.
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 to assess the value of pledged gold.
You can use an online gold loan calculator to estimate your eligible loan amount based on your gold’s weight, purity and applicable valuation.
The amount you may be eligible to borrow against your gold depends on its purity, weight, applicable gold price and loan-to-value (LTV) ratio. These factors can help you estimate the gold loan gram rate and your potential loan amount.
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 ratio is 75%.
Gold loan per gram = Rs. 6,000 × 75%
Eligible loan amount per gram = Rs. 4,500
The total eligible loan amount depends on the net weight of the gold you pledge and the lender’s assessment. Higher-purity gold may have a higher assessed value, which can affect the amount offered.
You can use the online gold loan calculator to estimate your borrowing capacity with Bajaj Finance.
The gold loan per gram rate today 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.
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 most suitable 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 | They offer flexibility in loan repayment. |
| Processing charges | They affect the overall cost of borrowing. |
| Loan tenure | It determines the repayment duration. |
When comparing gold loan per gram rates, consider the complete loan package rather than focusing only on the amount offered.
Checklist before applying:
A detailed gold loan per gram comparison can help you assess the borrowing cost and repayment flexibility before choosing a loan.
Quick tip: Before pledging your gold, check your gold loan eligibility to review the applicable loan amount and tenure.
Understanding the gold loan amount offered per gram can help you plan your borrowing. The amount you may get depends on your gold’s purity, the applicable gold price and the lender’s terms. These factors can help you estimate how much you may be eligible to borrow.
Key benefits include:
Checking gold loan per gram rates and learning how lenders value gold can help you compare options and choose a loan that suits your financial needs.
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.
Please note: We also do not simply use today's headline rate. We use whichever is lower between the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. This protects you from a sudden price spike inflating things unrealistically.
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.
The value of gold per gram can change daily with market rates. For a gold loan, Bajaj Finance determines gold value using the applicable purity and valuation method, based on the lower of the previous day's closing price or 30-day average price.
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
