Last Updated on 01/12/2022
Advance Rate for Jewel Loan

Jewel Loan Advance Lending Rate Per Gram from 30.11.2022                                                                                                                   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

3650

3750

22 Carats Ordinary Jewellery

3600

3700

20 & 21 Carats Ordinary Jewellery

3300

3400

18 Carats Ordinary Jewellery

2750

2850

Non-Agri Jewel Loan

24 Carats Gold Coins Issued by Banks

& 22 Carats Hall mark Jewellery

3420

3520

22 Carats Ordinary Jewellery

3370

3470

20 & 21 Carats Ordinary Jewellery

3050

3150

18 Carats Ordinary Jewellery

2750

2850


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

Present MCLR: 8.05% Present RLLR: 8.75%

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%