Jewel Loan Advance Lending Rate Per Gram from 01.03.2023 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 4000 4100 22 Carats Ordinary Jewellery 3950 4050 20 & 21 Carats Ordinary Jewellery 3650 3750 18 Carats Ordinary Jewellery 3100 3100 Non-Agri Jewel Loan 24 Carats Gold Coins Issued by Banks& 22 Carats Hall Mark Jewellery 3800 3800 22 Carats Ordinary Jewellery 3750 3750 20 & 21 Carats Ordinary Jewellery 3400 3400 18 Carats Ordinary Jewellery 3100 3100 Rate of Interest for various Jewel Loan schemes charged by Our Bank Present MCLR: 8.45% 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-0.50% JL-Others(Jewel Loan - Others) Maximum Up to Rs. 25 Lacs RLLR-0.50% JLSWL(IOB Swarnalakshmi) Up to 5 lacs MCLR+0.25% JLSME(Jewel Loan SME) Up to 5 lacs RLLR-050% IOB GOLD LOAN - "WORTH A WHILE WITH GOLDEN SMILE" Special Features 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.... Various Schemes 1. Agricultural Jewel Loan: Purpose: To meet Short-term production credit needs of farmers Limit: Maximum limit per borrower Rs. 10 lakhs Repayment: Bullet payment in one year 2. Agriculture Term Loan - Jewellery: Purpose: to meet Investment credit needs of farmers Limit: Maximum Limit Per Borrower Rs. 25 Lakhs Repayment: Maximum 3 years in monthly/Quarterly/Half yearly/Yearly 3. Jewel Loan SME: Purpose: to meet investment need in MSME - Manufacturing, Services and Retail Trade sectors Limit: Maximum limit per borrower of Rs. 5 lakhs Repayment: Bullet payment in one year 4. Jewel Loan - Others: Purpose: to meet domestic/business needs Limit: Maximum limit per borrower of Rs. 25 lakhs Repayment: For loan upto 5 Lacs -bullet payment in one year and for loan above 5 lacs-in monthly EMIs with maximum 35 months 5. IOB Swarnalakshmi: Purpose: To meet domestic needs of Women customers (i.e. non-productive purpose), who is having saving/ current Account with us Age: Minimum 18 year Limit:: Maximum limit per borrower of Rs. 5.00 Lakhs Repayment: Loan to be repaid within a period of 12 months as bullet payment - both principal and interest due for payment at the end of the term Free Insurance: A free accidental insurance cover of Rs.2 Lacs under PMSBY to individual women beneficiaries for First time.
Jewel Loan Advance Lending Rate Per Gram from 01.03.2023 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
4000
4100
22 Carats Ordinary Jewellery
3950
4050
20 & 21 Carats Ordinary Jewellery
3650
3750
18 Carats Ordinary Jewellery
3100
Non-Agri Jewel Loan
3800
3400
Rate of Interest for various Jewel Loan schemes charged by Our Bank
Present MCLR: 8.45% 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-0.50%
JL-Others
(Jewel Loan - Others)
JLSWL
(IOB Swarnalakshmi)
Up to 5 lacs
MCLR+0.25%
JLSME
(Jewel Loan SME)
RLLR-050%
IOB GOLD LOAN - "WORTH A WHILE WITH GOLDEN SMILE"
Special Features
Various Schemes
1. Agricultural Jewel Loan:
2. Agriculture Term Loan - Jewellery:
3. Jewel Loan SME:
4. Jewel Loan - Others:
5. IOB Swarnalakshmi: