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Personal Banking

Last Updated on: 12/12/2024

Jewel Loan

New Jewel Loan

IOB GOLD LOAN - "WORTH A WHILE WITH GOLDEN SMILE"

  • 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....

Our few other Retail Offerings:

Home Loans

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Vehicle Loans

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Vehicle Loans
Credit Cards

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Credit Cards

  • Age: 18 years and above
  • Any individual owning gold ornaments/Jewellery/Coins.
  • Loans can be granted against gold ornaments/Jewellery and specially minted pure gold coins sold by our bank/other bank. The total weight of the coins should not exceed 50 grams per customer.
  • Existing as well as new customer, whose willingness to open account with us.
Loan Type Details

KCCJL (Kisan Credit Card Jewel Loan)

Scheme Features:-

  • To meet Short-term production credit needs of farmers.
  • Loan limit per borrower:- Minimum Rs. 1.61 lakhs and Maximum up to Rs. 10 lakhs.

From 1.61 lacs to 3 lacs

With Interest subvention under KCC

Up to Rs. 3.00 lacs:- Nil Above Rs. 3.00 lacs:- 0.30%

KCC limit valid for 5 years subject to review and renewal every year.

Without interest subvention

Above Rs.3 lacs to Rs. 10 lacs

  • Processing Charges: - Up to Rs. 3.00 lakhs:- Nil and Above Rs. 3.00 lakhs:- 0.30%
  • Maximum loan per gram with 80% LTV.

AGEJL (Agri Easy Jewel Loan)

Scheme Features:

  • Maximum loan eligibility up to Rs. 30.00 lacs per borrower.
  • Attractive rate of interest i.e. 9.05% presently
  • Minimum Processing Charges:- Loan Quantum Processing Charges Up to Rs.0.25 lakh Nil.
  • Above Rs.0.25 lakh up to Rs.1.00 lakh:- Rs.250+ GST
  • Above Rs.1.00 lakh up to Rs.3.00 lakhs:- Rs.500+ GST
  • Above Rs.3.00 lakh up to Rs.5.00 lakhs:- Rs.1100+ GST
  • Above Rs.5.00 lakh up to Rs.10.00 lakh:- Rs.1450+ GST
  • Above Rs. 10.00 lakhs :- Rs.2750+ GST

JEWEL LOAN SME:- CSGLD (Cash Credit Against Gold)

Scheme Features:-

  • Easy finance for MSMEs for working capital requirement.
  • Eligible Loan amount: - Minimum: - Rs. 25,000/- to Maximum: - Rs. 50.00 lakhs.
  • Attractive rate of interest i.e., 8.95% presently.
  • Minimum processing charges i.e. up to Rs. 1.00 lakhs Nil, Above Rs. 1.00 lakhs to Rs. 5.00 lacs Rs. 250/-, Above Rs. 5.00 lacs Rs. 500/-.
  • Quick sanction and disbursal.
  • Maximum loan per gram with 75% LTV.
  • Hassle free and minimum time

JL-Others (Jewel Loan - Others) JLOTH

Scheme Features:

  • For any unforeseen medical/personal consumption needs.
  • Maximum loan eligibility up to Rs. 50.00 lacs per borrower.
  • Attractive rate of interest i.e. 8.85% presently.
  • Minimum processing charges i.e. up to Rs. 3.00 lakhs 0.30% and above Rs. 3.00 lacs 0.50%.
  • Quick sanction and disbursal.
  • Maximum per gram rate with 75% LTV.
  • Hassle free and minimum time
  • Repayment period up to 35 months.

IOB Swarna Lakshmi (Women Borrowers) - JLSWL

Scheme Features:-

  • Providing Financial support against pledge of gold to start new venture or to meet any unforeseen medical/personal needs to women.
  • Maximum loan eligibility up to Rs. 5.00 lacs per borrower.
  • Attractive rate of interest i.e. 9.25% presently.
  • Minimum processing charges i.e. up to Rs. 3.00 lakhs 0.30% and above Rs. 3.00 lacs 0.50%.
  • Quick sanction and disbursal.
  • Maximum loan per gram with 75% LTV.
  • Hassle free and minimum time
  • Repayment period:- Bullet repayment 12 months.

IOB Swarna Samridhi

Scheme Features:

  • For Agriculture and allied activities: - To meet short-term credit requirement through "IOB SWARNA SAMRIDHI" Jewel loan scheme.
  • Avail maximum loan amount up to Rs. 10.00 lacs per borrower.
  • Higher per Gram rate with 85% LTV.
  • Lower interest rate i.e., 6-month MCLR at 8.85% presently.
  • Lowest processing charge i.e. 0.15% of loan amount, with minimum of Rs. 150.00.
  • No Security delivery charge at the time of closure.
  • Lower appraiser fee.
  • 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 - GLDPC

Scheme Features:-

  • IOB GOLD POWERED RUPAY card can be sanctioned as an overdraft facility for consumption purposes and contingencies.
  • Eligible loan amount: - Minimum 0.25 lakhs and maximum up to 25.00 lakhs
  • Attractive Rate of interest: - 9.35%
  • Processing charges: - 0.30% of the sanctioned limit, Card issuance charges: - Rs.100+ GST, Annual maintenance charges:-Rs. 250+ GST.
  • Repayment:- Borrower can service both interest and principal at maturity of loan i.e. 12 months from date of sanction.
  • Maximum loan per gram of Jewel.

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
  • 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.

Daily Card Usage Limit:-

Particulars Card Limit Available for Daily Use

Cash Withdrawal Limit

Per Transaction Rs. 20,000/- and per Day Rs. 1,00,000/-

POS

100% of Card Limit

E-COM

100% of Card Limit

ATM

40% of Card Limit

Jewel Loan Suvidha:- JLSUV

Scheme Features:-

  • To meet margin money requirement in Housing loan, registration charges, project price escalation.
  • Eligible loan amount:- Minimum:- 0.25 Lakhs and maximum up to 50.00 lakhs.
  • Attractive rate of interest:- 9.35%
  • Processing Charges:- 0.25% of sanctioned limit subject to minimum of Rs. 500+ GST and maximum of Rs. 2500+ GST.
  • Repayment period:- Bullet Repayment 12 months: - 0.25 lakhs to 15.00 lakhs

EMI Option: - 0.25 lakhs to Rs. 50.00 lakhs: - 60 months

  • Maximum loan per gram with 75% LTV.
Bullet Payment EMI Option

Loan Amount

Rs.0.25 lakhs to Rs.15.00 lakhs

Loan Amount

Rs.0.25 lakhs to Rs.50.00 lakhs

Margin

25%

Margin

25%

Period of Loan

12 Months

Period of Loan

60 Months

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

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

Present 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

EMI Calculator

New Jewel Loan Schemes:

Jewel Loan Advance Lending Rate Per Gram Amt in Rs.
Type of Jewel Loan Carats Existing Revised

Agri Jewel Loan (KCCJL, AGTAJ)

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

4750

4950

22 Carat Ordinary Jewellery

4700

4900

20 & 21 Carat Ordinary Jewellery

4200

4500

18 Carats Ordinary Jewellery

3440

3740

IOB SWARNA SAMRIDHI (Agri Jewel Loan)

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

5100

5300

22 Carat Ordinary Jewellery

5050

5250

20 & 21 Carat Ordinary Jewellery

4560

4760

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

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

4200

4500

22 Carat Ordinary Jewellery

4180

4480

20 & 21 Carat Ordinary Jewellery

3820

4120

18 Carats Ordinary Jewellery

3440

3740

Sovereign Gold Bond Scheme & IOB Gold powered card

24 Carat Gold

3900

4100