Check out Gold Loan Per Gram

Gold Loan EMI Calculator Online

Easily calculate your monthly gold loan EMI in seconds. Enter your loan details to get an instant estimate and plan your repayments with confidence.

Loan Amount ₹5,000

₹5K₹2Cr

Interest Rate 9.5%

9.5%24%

Tenure (Months) 12

160

Scan to initiate your Instant Gold loan application

Result

₹0

🔔 Total Interest Payable

₹0

EMI (Principal + Interest)

₹5,000

Total Payable at End of Tenure

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How to apply for a Gold Loan?

Get a gold loan from Airtel Finance with a few steps

Open Airtel Thanks App

Find Shop > Airtel Finance

Select Airtel Gold Loan

Fill in your basic details

At home or branch

Choose how to deposit

Complete the KYC

Get your credit in exchange

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How to calculate the Gold loan Per Gram interest rate?

Here are the steps to calculate the gold loan per gram interest rate.

Determine the current market value of gold, which fluctuates based on global economic conditions and demand.

Assess the purity of your gold, measured in carats, with higher purity gold generally securing a higher loan amount.

The weight and purity of your gold will be evaluated to determine the loan-to-value (LTV) ratio.

Factor in the interest rates, which are influenced by the lender’s policies, to determine the final interest rate on the gold loan.

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Features of Gold Loan

With Airtel Flexi Credit, you get

Quick disbursal

Minimal paperwork

Loan from ₹5000 to ₹2 crore

Multiple repayment options

Free insurance of gold

No hidden charges

FAQs on Gold Loan Per Gram

The Gold Loan Per Gram value is calculated based on the current market price of gold and the purity of the gold you are pledging. Here’s a general breakdown of the process:

Market Price of Gold: The current price of gold per gram in the market is determined, and fluctuates daily based on global market conditions.

Purity of Gold: The purity of the gold (measured in karats) is assessed. but most jewellery 18 to 22 karat

LTV Ratio (Loan to Value): Financial institutions offer a percentage of the gold’s value as a loan. This percentage is known as the LTV ratio, which can vary but is usually up to 75% of the gold’s market value.

The Gold Loan Per Gram value is calculated based on the following factors:

Current Market Price of Gold: This is the prevailing price of gold in the market, which fluctuates daily.

Purity of Gold: The value is adjusted based on the purity of the gold, measured in karats

Loan to Value (LTV) Ratio: Financial institutions typically offer a percentage of the gold’s value as a loan, usually ranging from 75% of the gold’s market value.

The maximum loan amount you can get per gram of gold depends on:

Current Market Price: The higher the market price, the higher the loan amount.

Purity of Gold: Higher purity results in a higher loan amount.

LTV Ratio: Financial institutions offer up to 75% of the gold’s value.

Gold Appraisal: Bring your gold for purity and weight assessment.

Documentation: Submit required documents (ID proof, address proof, etc.).

Loan Offer: Receive a loan offer based on the appraised value and LTV ratio.

Approval and Disbursement: Upon acceptance, the loan amount is disbursed, usually within a few hours.

Gold Loan Per Gram

A Gold Loan Per Gram is a type of secured loan where you pledge your gold articles against collateral. The loan amount you receive depends on the weight and purity of the gold you provide. However, the gold loan rate varies across different banks and financial institutions, ranging from most jewellery 18 to 22 karat

Factors Affecting Gold Prices

Several factors influence the price of gold, which in turn affects the Gold Loan Per Gram rate. Key factors include:

Global Economic Conditions: Economic instability or uncertainty often leads to an increase in gold prices as investors seek safe-haven assets.

Inflation Rates: Higher inflation typically drives up gold prices, as gold is considered a hedge against inflation.

Currency Fluctuations: The value of the Indian rupee against the US dollar can impact gold prices. A weaker Rupee usually means higher gold prices in India.

Demand and Supply: Seasonal demand, especially during festivals and weddings, can drive up gold prices. Conversely, increased supply can lead to lower prices.

Geopolitical Tensions: Political instability or conflicts can lead to higher gold prices as investors move to secure their investments.

Gold Loan Per Gram Eligibility Criteria

To be eligible for a Gold Loan Per Gram, you need to meet certain criteria. These criteria ensure that the loan is granted to individuals who can securely pledge their gold. The main eligibility criteria include:

Applicants must typically be between 18 and 65 years old.

The gold must be between 18 and 24 carats. The higher the purity, the higher the loan amount per gram.

Most lenders accept gold jewellery and ornaments, but gold bars and coins may not always be accepted.

The gold must be owned by the applicant. In the case of joint ownership, all owners must consent to the pledge.

Applicants need to provide proof of identity, address, and ownership of the gold.

Application Process for Gold Loan Per Gram

The application process for a Gold Loan Per Gram is designed to be quick and easy, allowing borrowers to access funds with minimal hassle. Here are the steps involved:

Step 1: You can apply for a Gold Loan Per Gram online on Airtel Finance.

Step 2: Submit necessary documents, including proof of identity (Aadhaar card, PAN card, passport), proof of address (utility bills, rental agreement), etc.

Step 4: Based on the evaluation, you will be offered a loan amount per gram of gold.

Step 5: Review the loan terms, including the interest rate, repayment tenure, and any applicable charges.

Put your idle gold to work & get up to ₹2 Crore!

Gold Loan Per Gram

Gold Loan EMI Calculator Online