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Last Updated on 23/01/2023

IOB-Gold-Loan-Worth-A-While-With-Golden-Smile

Jewel Loan Advance Lending Rate Per Gram from 23.01.2023 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	3850	4000
	22 Carats Ordinary Jewellery	3800	3950
	20 & 21 Carats Ordinary Jewellery	3500	3650
	18 Carats Ordinary Jewellery	2950	3100
Non-Agri Jewel Loan	24 Carats Gold Coins Issued by Banks & 22 Carats Hall mark Jewellery	3620	3800
	22 Carats Ordinary Jewellery	3570	3750
	20 & 21 Carats Ordinary Jewellery	3250	3400
	18 Carats Ordinary Jewellery	2950	3100

Rate of Interest for various Jewel Loan schemes charged by Our Bank

Present MCLR: 8.30% Present RLLR: 9.10%

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%)
	Up to Rs. 3 Lacs	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%
JLSWL (IOB Swarnalakshmi)	Above Rs. 3 Lacs up to Rs. 5 Lacs		MCLR+1.90%
JLSME (Jewel Loan SME)	Up to Rs. 2 Lacs		RLLR+0.80%
JLSME (Jewel Loan SME)	Above Rs. 2 Lacs up to Rs. 5 Lacs		RLLR+2.05%

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:

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.