Loan Type

Details

KCCJL (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

AGTAJ (Agriculture Term Loan - Jewellery)

• Purpose: To meet Investment credit needs of farmers.
• Limit: Maximum Limit Per Borrower Rs. 50 Lakhs.
• Repayment: Maximum 3 Years in Monthly/Quarterly/Half Yearly/Yearly.

SME Gold

• Purpose: To meet investment need in MSME - Manufacturing, Services and Retail Trade sectors.
• Limit: Maximum limit per borrower of Rs. 50 Lakhs.
• Repayment: Bullet payment in one year.

JL-Others (Jewel Loan - Others)

• Purpose: To meet domestic/business needs.
• Limit: Maximum limit per borrower of Rs. 50 lakhs.
• Repayment: For loan upto 15 Lacs - bullet payment in one year and for loan above 15 lacs-in monthly EMIs with maximum 35 months.

IOB Swarnalakshmi (Women Borrowers)

• Purpose: To meet domestic needs ofWomen 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.

IOB Swarna Samridhi

• Purpose: To meet short term credit requirement for crop cultivation, land development activities, investment activities & activities allied to agriculture.
• Target Group: Agriculturists/Farmers who are owner cultivators, tenant farmers, oral lessees & sharecroppers engaged in crop cultivation, land development activities, investment activities & activities allied to agriculture.
• Age: Minimum 18 Years
• Quantum of Loan: Maximum Loan amount per borrower - Rs. 10 Lakhs
• Margin: Nil
• Security: Hypothecation of assets created out of the Loan. Pledge of Gold ornaments.
• Assessment: For Crop Cultivation purpose - Prevailing per gram advance rate or Loan amount as per scale of finance whichever is lower.
• For Agri allied and ancillary activities - Prevailing per gram advance rate or Loan amount arrived as per project cost whichever is lower.
• Repayment: Loan to be repaid within a period of 6 months as bullet payment - both principal and interest due for payment at the end of the term.
• Interest Rate: Loan to be repaid within a period of 6 months as bullet payment - both principal and interest due for payment at the end of the term.
• Processing Charges: 0.15% of the loan for loan upto Rs. 10.00 lakhs with minimum of Rs. 150/-.
• Documents Required: Form 89E(View), Annexure(View)

IOB Gold Powered Card

• Purpose:-IOB Gold powered RuPay card can be sanctioned as an overdraft facility for consumption purposes and contingencies.

The limit will be sanctioned based on the declaration of the borrower

Loan shall not be given for speculative purpose.

• Target Group:- Any individual above the age of 18 owning gold ornaments/jewellery/coins and having account with us either singly or jointly. Staff are also eligible.
• Age:- Minimum 18 years and no age restriction for exit
• Quantum of Loan:- Minimum:- Rs. 25,000/- Max:- Rs. 25.00 lakhs
• Repayment:- The borrower can service both interest and principal at maturity of loans i.e. 12 months from date of sanction.
• Processing Charges:- 0.30% of the sanctioned limit.

Jewel Loan Suvidha

• Purpose: Margin money requirement in housing loan, Registration charges of house property. Project price escalation. Reimbursement within a period of 12 months from the date of expenses incurred by the customer for the purposes as mentioned above.
• Target: Any individual above the age of 18 owning gold ornaments/jewellery/coins and having housing loan account with IOB either singly or jointly (both existing & new) or with any bank/FI. Individuals with steady source of income including pensioners.
• Age: Minimum 18 years and no age restriction for exit
• Quantum of Loan: Minimum:- Rs. 25,000/- Maximum:- Rs. 50.00/- lakhs.
• Repayment:

• Processing Charges: 0.25% of the sanctioned limit subject to minimum of Rs. 500/- +GST and maximum of Rs. 2500/- +GST.

Types of Jewel Loan Schemes

SLAB

ROI

KCCJL(Agriculture 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%=9.70%

Above Rs. 3 Lacs up to Rs. 10 Lacs

MCLR+2.50%=11.30%

AGTAJ (Agriculture Term Loan - Jewellery)

Maximum Up to Rs. 50 Lacs

RLLR – 0.85%=8.50%

JL-Others (Jewel Loan - Others)

Maximum Up to Rs. 50 Lacs

RLLR-0.50%=8.85%

SME GOLD

From Rs. 25,000 to Rs. 50 Lacs

RLLR - 0.50% =8.85%

Cash Credit:- RLLR-0.40%=8.95%

IOB Swarnalakshmi (Women Borrowers)

Up to Rs. 5 Lacs

MCLR +SP (0.20%) +RP (0.05%) = 9.05%

IOB Swarna Samridhi

Maximum up to Rs. 10 Lakhs

Six-Month MCLR i.e. 8.65% presently, penal interest of 2% to be charged for the overdue portion.

Jewel Loan Suvidha

From Rs. 25,000/- to Rs. 50.00 lakhs

RLLR+0%= 9.35% presently

IOB Gold Powered Card

From Rs. 25,000/- to Rs. 25.00 lakhs

RLLR+0%= 9.35% presently

Jewel Loan Advance Lending Rate Per Gram

Type of Jewel Loan

Carats

Advance Rate (Amt. in Rs.)

Jewel Loan Suvidha (JL-SUV)

24 Carat Gold Coins Issued by Banks

4180

& 22 Carat Hall Mark Jewellery

22 Carat Ordinary Jewellery

4160

20 & 21 Carat Ordinary Jewellery

3800

18 Carats Ordinary Jewellery

3400

IOB Gold Powered Card (GLDPC)

24 Carat Gold Coins issued by Banks

3700

22 Carat Hall Mark/Ordinary Jewellery

Agri Jewel Loan

24 Carats Gold Coins issued by Banks & 22 Carats Hall Mark Jewellery

4460

4560

22 Carats Ordinary Jewellery

4430

4520

20 & 21 Carats Ordinary Jewellery

4050

4100

18 Carats Ordinary Jewellery

3370

3400

IOB SWARNA SAMRIDHI (Agri Jewel Loan)

24 Carats Gold Coins issued by Banks & 22 Carats Hall Mark Jewellery

4760

4850

22 Carats Ordinary Jewellery

4720

4810

20 & 21 Carats Ordinary Jewellery

4320

4380

Non-Agri Jewel Loan

24 Carats Gold Coins issued by Banks & 22 Carats Hall Mark Jewellery

4160

4180

22 Carats Ordinary Jewellery

4130

4160

20 & 21 Carats Ordinary Jewellery

3780

3800

18 Carats Ordinary Jewellery

3370

3400

Sovereign Gold Bond

24 Carats Gold

3671

3700