Gold Loan Per Gram

Gold Loan per gram refers to how much money you can get for every gram of gold you use as collateral. The disbursal amount depends on the weight and purity of the gold. This type of loan is beneficial for many reasons. By availing a Gold Loan per gram, you can access instant cash at low interest rates without selling your gold or worrying about losing it forever. It acts as a financial safety net in times of need.

Benefits of Manappuram Gold Loan Per Gram

Factors Affecting Gold Rate Per Gram

  • Demand and Supply: A high demand for gold reduces its supply. This causes prices to shoot up.
  • Currency Fluctuations: When currency drops, gold becomes more valuable and expensive.
  • Global Market Trends: Increased inflation and interest rates encourage people to invest in gold.
  • Market Speculation: Market predictions and gold performance can also influence the gold prices.

Eligibility Criteria for Applying for a Gold Loan

  • Age: You must be older than 18 years of age.
  • Collateral Specifics: The gold you pledge must be between 18 and 24 karats.
  • Ownership: You must be the owner of the gold you are using as collateral.

Documents Required

  • One proof of identity, such as a driving license, PAN card, voter ID, Aadhaar card or passport.
  • One document for residential proof.

How to Calculate Gold Loan Per Gram?

Let us understand this with an example:

Assume that you have 5 grams of 22-carat gold against which you want to get a loan.

The gold rate per 1 gram is ₹8000. This means that your gold is worth ₹40,000 (8000X5).

Now, here is the important part. Lenders will give you up to 75% of this calculated value as a loan. With this calculation, you can borrow approximately ₹30,000 using your gold as collateral.

If you want to calculate your gold loan per gram quickly and easily, use Manappuram Finance Limited Gold Loan Calculator .

This intuitive tool will give you an instant estimate of your Gold Loan amount. To use our calculator, enter the necessary details and click on Calculate.

Interest Rates and Loan Tenure

Our interest rates are compounding. We have a base rate of 21.20%. In addition to this, and customers can avail interest rebate based on the prompt interest payment.

In addition, our Gold Loans have a tenure of 365 days, which means you have ample flexibility of 12 months to repay your Gold Loan.

Gold Loan Schemes

  • SL: Enjoy a higher LTV ratio of up to 75% with a minimum limit of ₹3,000.
  • SS2-1: With this scheme, you can receive funds up to 65% of your gold's value. The minimum loan limit is ₹1 lakh.
  • SA+1: This scheme will give you up to 60% of your gold's worth as a loan. The minimum loan limit is ₹1.95 lakh.
  • DS: This Gold Loan scheme from Manappuram Finance Limited has a maximum limit of ₹75,000 with an LTV ratio of 50%.

Repayment

EMI: Make loan repayment manageable by making fixed monthly payments against your loan.
Bullet Payment: Repay the entire loan amount at once as a single lump-sum payment.
Part Payment: No more repayment stress. Make payments whenever it suits you.

FAQs

How much loan can I get per gram of gold?

It is based on a few factors, including the purity, weight, and current gold rate. Use our Gold Loan
Calculator to get an estimate of the loan amount per gram you are eligible for.

What factors affect the Gold Loan rate per gram?

Various factors affect the Gold Loan rate, including market conditions, lender’s policies and gold’s purity
and weight.

How is the Gold Loan amount calculated?

The calculation of the Gold Loan amount requires consideration of several factors, such as the current rate
of gold, purity and weight of gold to be pledged and the LTV ratio.

Apply Gold Loan Now

Ready to turn your gold into cash? Click here to apply now or visit our nearest branch to get started.