IOB GOLD LOAN - "WORTH A WHILE WITH GOLDEN SMILE"
- Gold Loan for All Your Needs
- Express Speed of Snction
- Lower Processing Charge
- Competitive Interest Rate
- No Closure Charges
- No Documentation Charges and Many More....
- For Salaried Individual: A permanent job with a minimum of 2 or 3 years service.
- For Self-employed Professional: A minimum period of three years of activity in the related field.
| Loan Type |
Details |
|
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.
|
|
Agriculture Term Loan - Jewellery
|
- Purpose: to meet Investment credit needs of farmers.
- Limit: Maximum Limit Per Borrower Rs. 25 Lakhs.
- Repayment: Maximum 3 Years in Monthly/Quarterly/Half Yearly/Yearly.
|
|
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
|
|
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.
|
|
IOB Swarnalakshmi
|
- Purpose: To meet domestic needs of Women customers (i.e. non-productive purpose), who is having saving/ current Account with us.
- 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.
|
|
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 Rs. 5 Lacs
|
MCLR+0.25%
|
|
JLSME
(Jewel Loan SME)
|
Up to Rs. 5 Lacs
|
RLLR-050%
|
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 |