Jewel Loan

Jewel Loan – Essential

Security Only own gold jewels should be pledged.
Loan Upto Rs.1,900 per gram
Quantum * Min. Rs.3,000/- and Max. Rs. 1 lakh.
Rate of Interest 9.75% p.a.(On Monthly rests) (subject to change from time to time).
Repayment period One year from the date of issue.

Jewel Loan 2017 – Education & Consumption:

Security Only own gold jewels should be pledged.
Loan Upto Rs.1,900 per gram
Quantum * Min. Rs.3,000/- and Max. Rs. 5 lakh.
Rate of Interest 10.75% p.a.(On Monthly rests) (subject to change from time to time).
Repayment period One year from the date of issue.

 Jewel Loan 2003 – General :

Security Only own gold jewels should be pledged.
Loan Upto Rs.1,900 per gram
Quantum * Min. Rs.3,000/- and Max. Rs. 8 lakh.
Rate of Interest 11.00% p.a.(On Monthly rests) (subject to change from time to time).
Repayment period One year from the date of issue.

Jewel Loan – 365 :

Security Only own gold jewels should be pledged.
Loan Upto Rs.1,900 per gram
Quantum * Min. Rs. 3,000/- and Max. Rs. 2 lakh.
Rate of Interest 10.50% p.a. (On Monthly rests) (subject to change from time to time).
Repayment period 12 months from date of issue.

Permanent Overdraft (POD) against Gold Jewels :

Purpose Overdraft facility against jewels pledged with the Bank for priority or general purpose.
Eligibility Any individual who is having current account competent to enter contract and to create a pledge.
Loan Upto Rs.1,900 per gram
Quantum * Min. Rs.10,000 , Max. Rs.8 lakh.
Rate of interest 13% p.a.
Period 12 months and to be renewed every year.
Penal interest 3%
Enhancement / reduction of limit Part release or additional pledging of the gold jewel is not allowed. Enhancement / reduction of the limit will be made automatically as per the rate per gram / value of gold prevailed
    * Overall limit per account holder will be Rs.8 lakh.