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Advance Rate for Jewel Loan

Last Updated on: 25/11/2024

Advance Rate for Jewel Loan

Jewel Loan Advance Lending Rate Per Gram (w.e.f 23.09.2024) Amt. in Rs.

Type of Jewel Loan

Carat

Existing

Revised

Agri Jewel Loan (KCCJL, AGTAH)

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

4850

5000

22 Carat Ordinary Jewellery

4800

4950

20 & 21 Carat Ordinary Jewellery

4400

4550

18 Carat Ordinary Jewellery

3700

3900

IOB SWARNA SAMRIDHI (Agri Jewel Loan)

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

5200

5400

22 Carat Ordinary Jewellery

5150

5350

20 & 21 Carat Ordinary Jewellery

4600

4800

Non-Agri Jewel Loan (JLOTH, JLSME, JLSWL, JLSUV, JLSTF)

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

4525

4675

22 Carat Ordinary Jewellery

4505

4655

20 & 21 Carat Ordinary Jewellery

4145

4295

18 Carat Ordinary Jewellery

3700

3900

Sovereign Gold Bond Scheme & IOB Gold Powered Card

24/22 Ct Gold

4100

4150


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

MCLR: 9.05% / 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%

Cash Credit: - RLLR - 0.40%

JLSWL (Women Borrowers)

Up to Rs. 5 Lacs

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

IOB SWARNA SAMRIDHI

Maximum up to Rs. 10 Lakhs

Six-Month MCLR i.e. 8.85% presently, penal interest of 2% to be charged for the overdue portion.