Last Updated on 05/01/2022
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Jewel Loan Advance Lending Rate Per Gram from 04.01.2022                                                                                                                   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

3540

3520

22 Carats Ordinary Jewellery

3465

3465

20 & 21 Carats Ordinary Jewellery

3115

3115

18 Carats Ordinary Jewellery

2600

2600

Non-Agri Jewel Loan

24 Carats Gold Coins Issued by Banks

& 22 Carats Hall mark Jewellery

3320

3300

22 Carats Ordinary Jewellery

3240

3240

20 & 21 Carats Ordinary Jewellery

2940

2940

18 Carats Ordinary Jewellery

2600

2600


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. 10 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.