How to Apply for Karur Vysya Bank Jewel Loan (Non-Agri / Personal)
Karur Vysya Bank offers Jewel Loan – Non-Agri / Personal as a quick and convenient financing option by pledging gold jewellery. This short-term loan is ideal for meeting urgent personal financial needs, with minimal documentation and fast disbursal through bank branches.
Key Highlights
- Minimum Loan Amount: ₹10,000
- Maximum Loan Amount: ₹200 lakhs
- Repayment Tenor: 3 months, 6 months, or 12 months
Loan Details
- Loan Type: Jewel Loan – Non-Agri / Personal
- Loan Amount: Minimum ₹10,000 and Maximum ₹200 lakhs
- Repayment Tenor: Up to 12 months
- Primary Security: Pledge of gold jewellery with a minimum purity of 22 carats and bank-sold gold ingots (maximum 50 grams per customer)
- Collateral Security: Optional
- Guarantee: Optional
Processing Charges (Term Loan)
- Loan limit up to ₹0.50 lakh: 40 paise per ₹100 of loan amount, subject to a maximum of ₹200
- Loan limit up to ₹1.00 lakh: 40 paise per ₹100 of loan amount, subject to a maximum of ₹400
- Loan limit above ₹1.00 lakh and up to ₹2.00 lakhs: 40 paise per ₹100 of loan amount, subject to a maximum of ₹800
- Loan limit above ₹2.00 lakhs and up to ₹3.00 lakhs: Flat ₹1,000
- Loan limit above ₹3.00 lakhs: Flat ₹2,000
Interest Rate
- Jewel Loan – Non-Agri / Personal: Minimum 14.00% to Maximum 14.00%
Interest is to be serviced monthly.
How to Apply
To apply for a Karur Vysya Bank Jewel Loan (Non-Agri / Personal), visit your nearest Karur Vysya Bank branch with your gold jewellery and valid KYC documents. The pledged gold will be evaluated for purity and weight by the bank. Upon successful verification and approval, the loan amount will be disbursed promptly.
Other Terms & Conditions
- The loan facility can be availed only by the owners of the pledged gold jewellery.
- Exchange of jewellery is not permitted.
- All standard Jewel Loan provisions, including recovery by auction in case of default, shall apply.
Disclaimer
All interest rates, charges, and terms are subject to change as per Karur Vysya Bank policy and RBI guidelines. Customers are advised to visisit the nearest branch or the official website for the latest information.
