Last Updated on 23/01/2023
Advance Rate for Jewel Loan

Jewel Loan Advance Lending Rate Per Gram from 23.01.2023                                                                                                                   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

3850

4000

22 Carats Ordinary Jewellery

3800

3950

20 & 21 Carats Ordinary Jewellery

3500

3650

18 Carats Ordinary Jewellery

2950

3100

Non-Agri Jewel Loan

24 Carats Gold Coins Issued by Banks

& 22 Carats Hall mark Jewellery

3620

3800

22 Carats Ordinary Jewellery

3570

3750

20 & 21 Carats Ordinary Jewellery

3250

3400

18 Carats Ordinary Jewellery

2950

3100


Rate of Interest for various Jewel Loan schemes charged by Our Bank

Present MCLR: 8.30% Present RLLR: 9.10%

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%