Jewels loans

Last Updated on: 01/12/2022


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. 25 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.