Advance Rate for Jewel Loan

Last Updated on: 03/05/2023

Advance Rate for Jewel Loan

Jewel Loan Advance Lending Rate Per Gram from 02.05.2023                                                                                                                   Amt in Rs.

Type of Jewel Loan

Carats

Existing

Revised

Agri Jewel Loan

24 Carats Gold Coins Issued by Banks

& 22 Carats Hall Mark Jewellery

4200

4375

22 Carats Ordinary Jewellery

4150

4325

20 & 21 Carats Ordinary Jewellery

3800

3950

18 Carats Ordinary Jewellery

3150

3300

Non-Agri Jewel Loan

24 Carats Gold Coins Issued by Banks

& 22 Carats Hall Mark Jewellery

3900

4100

22 Carats Ordinary Jewellery

3850

4050

20 & 21 Carats Ordinary Jewellery

3450

3600

18 Carats Ordinary Jewellery

3150

3300


Rate of Interest for various Jewel Loan schemes charged by Our Bank

Present MCLR: 8.45% 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-0.50%

JL-Others

(Jewel Loan - Others)

Maximum Up to Rs.25 Lacs

RLLR-0.50%

JLSWL

(IOB Swarnalakshmi)

Up to 5 lacs

MCLR+0.25%

JLSME

(Jewel Loan SME)

Up to 5 lacs

RLLR-050%