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Yes Bank Gold Loan Eligibility Calculator

Yes Bank Gold Loan Per Gram

Last Updated 19th Jul 2021
Eligibility Criteria Yes Bank Gold Loan Eligibility
Gold Loan per gram ₹ 3,128 depending on the purity of gold
Age of Borrower 18 - 65 years
Maximum Loan Amount ₹ 10 Lakh
  • Yes Bank calculates the amount of gold loan you are eligible for based on the amount of gold you have, value and purity of the gold.
  • Yes Bank offers a maximum LTV of up to 75% of gold’s market value.
Apply for Gold Loan @ 9.50%* Get upto ₹ 500* Cashback

Yes Bank Gold Loan Per Gram Eligibility

Yes Bank gold loan per gram gives you an estimate of the loan amount you can get against your gold jewellery. You will get the loan based on the purity and gold price of your jewellery adjusted for loan to value ratio. Yes Bank gold loan per gram eligibility depends upon purity of the gold, your age and gold quantity.

As per the latest gold prices, Yes Bank offers a gold loan per gram of ₹ 3,128. Highest Yes Bank gold loan rate per gram today is ₹ 3,128 for 22 carat jewellery calculated at a maximum LTV of 75% and the average gold loan prices of last 30 days in 2021 is ₹ 4,607 of 22 carat.

Gold Loan Calculator Yes Bank

  • Purity and net weight of gold used in jewellery: Yes Bank uses their in-house valuer to assess the purity and net weight of gold in your jewellery. Gold used in the jewellery should be of a purity of 18 to 24 carats. Yes Bank can also reduce the weight of gems and stones from the jewellery to calculate the net weight of jewellery.
  • Price of gold: Once the valuer estimates the purity and net weight of gold in your jewellery, Yes Bank will multiply it with past 30 days average price of 22 carat gold to calculate the value of gold. So, if the gold is of 20 carat purity, Yes Bank will apply the 30 days average of 22 carat gold multiplied by a factor of 20/22 to adjust the value of gold.You can also check today's gold rate in your city at MyLoanCare.
  • Loan to Value Ratio: Once the value of jewellery is calculated, Yes Bank will apply a LTV of up to 75% to calculate your jewel loan amount eligibility. If you are willing to take a loan amount lower than your maximum LTV, Yes Bank may offer you a lower interest rate.

Yes Bank Gold Loan Eligibility

  • Anyone who is above 18 years and below 70 years.
  • An applicant should be an Indian resident.
  • Must have gold jewellery of 18 carat to 22 carat.

How to check Yes Bank gold loan eligibility?

To check Yes Bank gold loan eligibility you can fill the gold loan eligibility calcualtor form with all details at MyLoanCare. Apart, To check Yes Bank gold loan eligibility on Yes Bank website perform the following steps:-

  • Go to the Yes Bank website.
  • Now go to Yes Bank gold loan.
  • Use gold loan eligibility calculator to check eligibility.
  • Fill the required details like loan amount required, weight of gold, age etc.

Also you can contact the bank by calling on their customer care number.

Yes Bank Gold Loan Rate Per Gram by Gold Purity

Yes Bank gold loan eligibility is dependent on the purity of gold jewellery that you have. The following table gives an approximate estimate of gold loan per gram Yes Bank will offer against gold jewellery of different purity levels at a maximum LTV of 75% and lower LTV of 65%.

Gold Purity Gold rate per gram- average of past 30 days Yes Bank best Gold Loan per gram Yes Bank lowest Gold Loan per gram
22 carat₹ 46,066₹ 3,109₹ 2,695
20 carat₹ 41,878₹ 3,109₹ 2,450
18 carat₹ 37,690₹ 2,544₹ 2,205

The above table shows the method by which Yes Bank will calculate your per gram gold loan for gold of varying purity.

  • Gold loan per gram in Yes Bank offer for 22 carat jewellery will be between ₹ 2,695 to ₹ 3,109
  • Yes Bank gold loan per gram offer for 20 carat jewellery will be between ₹ 2,450 to ₹ 3,109
  • Gold loan per gram rate of Yes Bank for 18 carat jewellery will be between ₹ 2,205 to ₹ 2,544

Tips to Get Best Gold Loan Amount Per Gram from Yes Bank

  • Yes Bank accepts both hallmarked and non-hallmarked jewellery for getting a gold loan. However, you can get highest gold loan per gram for hallmark jewelry. Also, some banks charge a lower processing fees on hallmarked gold jewellery.
  • Yes Bank adjusts the price of 22 carat gold for purity of gold. Hence, always try to borrow against higher purity jewellery as it will fetch you the highest amount for gold loan.
  • Always, try to choose jewellery which has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from total weight of jewellery. Yes Bank will rely on the report of his gold valuer to calculate the net weight.
  • Yes Bank will not accept diamond jewellery if the gold used is of less than 18 carat purity. Most of the diamond jewellery is made in 16 carat to 18 carat gold and hence, will result in very low gold loan per gram.
  • Always try to get the maximum LTV on the value of gold. 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.

How can I get a gold loan from Yes Bank?

You can get a gold loan from Yes Bank either online or offline, depending upon your convienence. For the online process, you can visit the official website of Yes Bank and apply for a gold loan. In addition to that, you can give a missed call to Yes Bank at their customer care number 1800-1200. For the offline process, you can visit the nearest Yes Bank branch and fill up the Yes Bank gold loan application form, You can also apply for a Yes Bank gold loan at online marketplaces like MyLoanCare, where you can compare Yes Bank gold loan offer with other top lenders and choose the best option for you.

FAQs

What is the age limit required for gold loan from Yes Bank?

The minimum age should be 18 years and maximum age should be up to 65 years.Based on your age, Yes Bank decides upon your gold loan tenure that can range up to 36 months years.

What is the eligibility for Yes Bank gold loan?

To avail a Yes Bank gold loan you must be a citizen of India between 18 years to 65 years of age. He/should also have a gold jewellery which has purity above 18 carat. Yes Bank gold loans are easy to avail as you can avail these loans, even without a good cibil score.

What is the maximum loan amount that I can avail on gold loan from Yes Bank?

The maximum loan that you can avail from Yes Bank is 75% of the market value of the gold depending on the quality of the gold.However, ensure that the gold fits the purity mark of minimum 18 carats of gold and is hallmarked. Before availing a gold loan from Yes Bank ensure checking the current gold rate per gram, to get a good sum on your gold.

What is the loan tenure of Yes Bank gold loan?

Yes Bank gives gold loan to the applicants for a maximum tenure of 6 months to 36 months. So, the borrower should be sure about the repayment capacity of the loan. To plan your gold loan prepayments within this tenure, you can use Yes Bank gold loan emi calculator.

What kind of gold items are accepted and rejected as a security?

Gold ornaments with carats in the range of 18 to 24 and weight of more than 50 grams are accepted by Yes Bank. Yes Bank does not allow customer to borrow against gold bars, exchange traded funds and ladies mangal sutra.

Do I need a co-applicant to get a gold loan from Yes Bank ?

No, you do not need a co-applicant to get a gold loan from Yes Bank . To get a gold loan you only need to have gold jewellery and a stable source of income. Value of your gold, purity marks and your age, are key requirements to avail a gold loan from Yes Bank . Thus, you can get a gold loan easily without a co-applicant, when you own the gold.

How much processing fee is applicable in Yes Bank gold loan?

Yes Bank charges a processing fee of 0.48% of loan amount on gold loan.Processing fee on Yes Bank gold loan can vary from customer to customer depending upon the gold loan eligibility. In addition to that, you can also negotiate the Yes Bank gold loan processing fee, if you are an existing customer of Yes Bank.


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Yes Bank Gold Loan News - Jul 2021
  • 2021-07-08 : Yes Bank loans, advances shrink marginally at Rs 1.63 lakh cr by end of June quarter
    Yes Bank loans and advances that include Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Gold Loan, Car Loan and Top-up Loan, fell by a marginal 0.4% to Rs 1.63 lakh crore by the end of June 30, 2021, data from the bank showed on Monday. The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021, as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of 0.4% on a year-on-year basis.
  • 2021-07-06 : Yes Bank - Loans, advances shrink in Q1 over Covid-19 impact
    Yes Bank loans and advances shrank in the Q1 FY22 on a year-on-year basis and also sequentially, reflecting the economic and business impact of the Coronavirus (Covid-19) pandemic. Sequentially, the loan book that includes Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Two-wheeler Loan, Car Loan, Gold Loan, Doctor Loan, Mudra Loan, etc. contracted by 1.8% to Rs 1,63,914 crore at the end of June 2021 from Rs 1,66,893 crore in the previous quarter ended March 2021.
  • 2021-06-23 : Yes Bank aims to double retail loan book in 3 years
    Yes Bank aims to double their retail loan book that includes personal loan, business loan, home loan, loan against property, top-up loan, professional loan, personal loan, gold loan, car loan, consumer loan and mudra loan in the next three years. Their SME book has already improved to 51% from 44% last year with the target to reach around 60% in the next two years.
  • 2021-03-09 : YES Essence, a holistic banking proposition for women launched
    YES Bank launched YES Essence, a holistic banking proposition for women across different customer segments. YES Essence provides offers, solutions and products for women covering categories like lifestyle, wellness, education, protection and investment. The banking proposition is aiming to aid women to fulfil their aspirations.
  • 2021-01-06 : Yes Bank reported 1.3% quarterly growth in loans and advances
    Yes Bank registered 1.3% quarter-on-quarter growth in loans and advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans to Rs 1.69 lakh crore during the December quarter. Deposits which include fixed and recurring deposits grew 7.7% to Rs 1.46 lakh crore. Further, the current account and savings account deposits grew 12.6% to Rs 37,973 crore.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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