| Jewel Loan Advance Lending Rate Per Gram |
Amt in Rs. |
| Type of Jewel Loan |
Carats |
Existing |
Revised |
|
Agri Jewel Loan (KCCJL, AGTAJ)
|
24 Carat Gold Coins issued by Banks & 22 Carat Hall mark Jewellery
|
4750
|
4950
|
|
22 Carat Ordinary Jewellery
|
4700
|
4900
|
|
20 & 21 Carat Ordinary Jewellery
|
4200
|
4500
|
|
18 Carats Ordinary Jewellery
|
3440
|
3740
|
|
IOB SWARNA SAMRIDHI (Agri Jewel Loan)
|
24 Carat Gold Coins issued by Banks & 22 Carat Hall mark Jewellery
|
5100
|
5300
|
|
22 Carat Ordinary Jewellery
|
5050
|
5250
|
|
20 & 21 Carat Ordinary Jewellery
|
4560
|
4760
|
|
Non-Agri Jewel Loan (JLOTH, JLSME, JLSWL, JLSUV, JLSTF
|
24 Carat Gold Coins issued by Banks & 22 Carat Hall Mark Jewellery
|
4200
|
4500
|
|
22 Carat Ordinary Jewellery
|
4180
|
4480
|
|
20 & 21 Carat Ordinary Jewellery
|
3820
|
4120
|
|
18 Carats Ordinary Jewellery
|
3440
|
3740
|
|
Sovereign Gold Bond Scheme & IOB Gold powered card
|
24 Carat Gold
|
3900
|
4100
|
Rate of Interest for various Jewel Loan Schemes Charged by Our Bank
MCLR: 8.80% / Present RLLR: 9.35%
| Types of Jewel Loan Schemes |
|
SLAB |
ROI |
KCCJL (Agricultural Jewel Loan) |
Up to Rs. 3 Lacs |
With Interest Subvention under KCC |
7% (For Prompt Payment Additional Subvention of 3%) |
Without Interest Subvention |
MCLR+0.90% |
Above Rs. 3 Lacs up to Rs. 10 Lacs |
MCLR+2.50% |
AGTAJ (Agriculture Term Loan - Jewellery) |
Maximum Up to Rs. 25 Lacs |
RLLR – 0.85% |
JL-Others (Jewel Loan - Others) |
Maximum Up to Rs. 25 Lacs |
RLLR-0.50% |
SME GOLD |
From Rs. 25,000/ to Rs.25 Lacs |
RLLR - 0.50% =8.85%
Cash credit:- RLLR-0.40%=8.95% |
JLSWL (Women Borrowers) |
Up to Rs. 5 Lacs |
MCLR +SP (0.20%) +RP (0.05%) = 9.05% |
IOB SWARNA SAMRIDHI |
Maximum up to Rs. 10 Lakhs |
Six-Month MCLR i.e. 8.65% presently, penal interest of 2% to be charged for the overdue portion |