Jewels loans

Last Updated on 13.03.2020

Advance Rate per Gram (Net weight) in Rs.

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.