IOB Jewel Loan - Interest Rates & Schemes
Indian Overseas Bank (IOB) offers a variety of Jewel Loan schemes to meet personal, agricultural, and business financial needs. The interest rates are linked to MCLR or RLLR, depending on the scheme. The loans can be availed against gold jewellery as collateral.
Base Rates:
- MCLR: 8.85%
- RLLR: 8.35%
Jewel Loan Schemes & Interest Rates:
Agri Easy Jewel Loan (AGEJL): Up to ₹30 lakhs. Interest Rate: One Year MCLR i.e. 8.85%.
Jewel Loan to Others (JLOTH): Up to ₹50 lakhs. Interest Rate: RLLR - 0.10%.
SME Gold (JLSME): From ₹25,000 to ₹50 lakhs. Interest Rate: RLLR - 0.10%. Cash Credit: RLLR - 0.10%.
IOB Swarnalakshmi (Women Borrowers) (JLSWL): Up to ₹5 lakhs. Interest Rate: RLLR - 0.15%.
Kisan Credit Card Jewel Loan (KCCJL): From ₹2.01 lakhs to ₹3 lakhs, 7% (with prompt payment additional 3% subvention). For amounts above ₹3 lakhs to ₹10 lakhs: MCLR (8.85%) + 2.50%.
IOB Swarna Samridhi (JLSWS): Up to ₹10 lakhs. Interest Rate: Six Month MCLR i.e. 8.70%, Penal interest 2% on overdue.
Jewel Loan - Suvidha (JLSUV): From ₹0.25 lakh to ₹50 lakhs. Interest Rate: RLLR - 0.10%.
IOB Gold Powered Card (GLDPC): From ₹0.25 lakh to ₹25 lakhs. Interest Rate: RLLR - 0.10%.
Note: All interest rates are subject to change as per IOB policy and RBI guidelines. Please contact your nearest IOB branch for the latest rates and eligibility details.
