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
MCLR: 8.80% / 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%) = 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 |