Advance Rate for Jewel Loan
Jewel Loan Advance Lending Rate Per Gram from 03.08.2023
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 |
4310 |
4310 |
22 Carats Ordinary Jewellery |
4250 |
4280 |
20 & 21 Carats Ordinary Jewellery |
3900 |
3900 |
18 Carats Ordinary Jewellery |
3320 |
3300 |
Non-Agri Jewel Loan |
24 Carats Gold Coins issued by Banks
& 22 Carats Hall Mark Jewellery |
4050 |
4050 |
22 Carats Ordinary Jewellery |
4000 |
4000 |
20 & 21 Carats Ordinary Jewellery |
3650 |
3670 |
18 Carats Ordinary Jewellery |
3320 |
3300 |
IOB SWARNA SAMRIDHI (Agri Jewel Loan) |
24 Carats Gold Coins issued by Banks
& 22 Carats Hall Mark Jewellery |
4570 |
4570 |
22 Carats Ordinary Jewellery |
4520 |
4530 |
20 & 21 Carats Ordinary Jewellery |
4150 |
4150 |
Soveriegn Gold Bond |
24 Carats Gold |
NA |
3518 |
Rate of Interest for various Jewel Loan Schemes Charged by Our Bank
Present MCLR: 8.65% 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%) = 8.90% |
IOB SWARNA SAMRIDHI |
Maximum up to Rs. 10 Lakhs |
Six-Month MCLR i.e. 8.55% presently, penal interest of 2% to be charged for the overdue portion |