Jewels loans

Last Updated on 09.09.2020

Our Bank has linked the interest rate of Agriculture Term Loan Against Jewellery(AGTAJ) Scheme with Repo linked Lending rate (RLLR) with effect from 10.09.2020, thereby reducing our Gold loan interest rate under AGTAJ scheme by 60 bps across all the slabs as under:

Upto Rs. 3 Lakh – 7.05% at Present

Above Rs. 3 Lakh upto Rs. 5 Lakh - 7.70% at Present

Above Rs. 5 Lakh upto Rs. 25 Lakh - 8.15% at Present

The Revised Per Gram Rate (Net Weight) for Advances Against Gold Ornaments w.e.f 01.09.2020

Jewel Loan advance Lending Rate Per Gram

(Amount in Rs.)

Sr. No.





24 Ct. Gold Coins & 22 Carat Hallmarked Jewellery

Rs. 4300

Rs. 4050


22 Ct Ordinary Jewellery

Rs. 4000

Rs. 3850


20 & 21 Ct Ordinary Jewellery

Rs. 3500

Rs. 3350



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.