Last Updated on 01/12/2022
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Apply Jewel Loan (Click Here)

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

  • Gold loan for all your needs
  • Express speed of sanction
  • Lower processing charge
  • Competitive  interest rate
  • No closure charges
  • No documentation charges
  • and many more....

 

Various Schemes

1. Agricultural Jewel Loan:

  • Purpose: To meet Short-term production credit needs of farmers
  • Limit: Maximum limit per borrower Rs. 10 lakhs
  • Repayment: Bullet payment in one year

 

2. Agriculture Term Loan - Jewellery:

  • Purpose: to meet Investment credit needs of farmers
  • Limit: Maximum limit per borrower Rs. 10 lakhs
  • Repayment: Maximum 3 years in monthly/Quarterly/Half yearly/Yearly

 

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.