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Last Updated on 01/12/2022

IOB-Gold-Loan-Worth-A-While-With-Golden-Smile

Jewel Loan Advance Lending Rate Per Gram from 30.11.2022 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	3650	3750
	22 Carats Ordinary Jewellery	3600	3700
	20 & 21 Carats Ordinary Jewellery	3300	3400
	18 Carats Ordinary Jewellery	2750	2850
Non-Agri Jewel Loan	24 Carats Gold Coins Issued by Banks & 22 Carats Hall mark Jewellery	3420	3520
	22 Carats Ordinary Jewellery	3370	3470
	20 & 21 Carats Ordinary Jewellery	3050	3150
	18 Carats Ordinary Jewellery	2750	2850

Rate of Interest for Various Jewel Loan Schemes Charged by Our Bank Present MCLR: 8.05% Present RLLR: 8.75%
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+0.20%
JL-Others (Jewel Loan - Others)	Maximum Up to Rs. 25 Lacs		RLLR+0.55%
JLSWL (IOB Swarnalakshmi)	Up to Rs. 3 Lacs		MCLR+1.40%
	Above Rs. 3 Lacs up to Rs. 5 Lacs		MCLR+1.90%
JLSME (Jewel Loan SME)	Up to Rs. 2 Lacs		RLLR+0.80%
	Above Rs. 2 Lacs up to Rs. 5 Lacs		RLLR+2.05%

IOB GOLD LOAN - "WORTH A WHILE WITH GOLDEN SMILE"

Special Features

Various Schemes

1. Agricultural Jewel Loan:

2. Agriculture Term Loan - Jewellery:

3. Jewel Loan SME:

Purpose: to meet investment need in MSME - Manufacturing, Services and Retail Trade sectors
Limit: Maximum limit per borrower of Rs. 5 lakhs
Repayment: Bullet payment in one year

4. Jewel Loan - Others:

Purpose: to meet domestic/business needs
Limit: Maximum limit per borrower of Rs. 25 lakhs
Repayment: For loan upto 5 Lacs -bullet payment in one year and for loan above 5 lacs-in monthly EMIs with maximum 35 months

5. IOB Swarnalakshmi:

Purpose: To meet domestic needs of Women customers (i.e. non-productive purpose), who is having saving/ current Account with us
Age: Minimum 18 year
Limit:: Maximum limit per borrower of Rs. 5.00 Lakhs
Repayment: Loan to be repaid within a period of 12 months as bullet payment - both principal and interest due for payment at the end of the term
Free Insurance: A free accidental insurance cover of Rs.2 Lacs under PMSBY to individual women beneficiaries for First time.