| 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 |
Rate of Interest for Various Jewel Loan Schemes Charged by Our Bank
MCLR: 8.85% / 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%=9.85% |
Above Rs. 3 Lacs up to Rs. 10 Lacs |
MCLR+2.50%=11.45% |
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%) = 9.20% |
IOB SWARNA SAMRIDHI |
Maximum up to Rs. 10 Lakhs |
Six-Month MCLR i.e. 8.80% presently, penal interest of 2% to be charged for the overdue portion. |