Advance Rate for Jewel Loan

Last Updated on: 04/01/2024

Advance Rate for Jewel Loan

Jewel Loan Advance Lending Rate Per Gram from 03.01.2024

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

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


Rate of Interest for various Jewel Loan Schemes Charged by Our Bank

Present MCLR: 8.65% 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 – 0.85%

JL-Others

(Jewel Loan - Others)

Maximum Up to Rs. 25 Lacs

RLLR-0.50%

SME GOLD

From Rs. 25,000/ to Rs.25 Lacs

RLLR - 0.50% =8.85%

Cash credit:- RLLR-0.40%=8.95%

JLSWL (Women Borrowers)

Up to Rs. 5 Lacs

MCLR +SP (0.20%) +RP (0.05%) = 8.90%

IOB SWARNA SAMRIDHI

Maximum up to Rs. 10 Lakhs

Six-Month MCLR i.e. 8.55% presently, penal interest of 2% to be charged for the overdue portion