Loans against Gold Jewelleries are one of the easiest means of finance that can be availed from our branches in no time. We offer Jewel loans in the form of Overdraft (Swarnamitra) and Short Term Loans (Jewel Loan- Non Agri/Personal)

  • It is an Overdraft/ Short Term Loan
  • It is specific to individuals who own Gold Jewellery
  • The loan is specifically for personal purposes.


Minimum Loan Amount

Rs.1.00 Lakhs

Repayment Tenor

12 Months (Overdraft Facility). The Limit can be renewed for a further period of 12 months, subject to the discretion of sanctioning authority.

SCHEME ROI (floating) p.a.
Swarnamitra One-year MCLR+2.60

Primary security

Pledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots sold by banks.

Collateral security

Nil (Optional)


Nil (Optional)

Processing charges

0.50 Per Loan of Rs.100.00 (inclusive of Appraisal charges)

Other Terms & Conditions

  • Interest to be serviced monthly.
  • At the time of renewal Drawing Power shall be fixed based on Prevailing Gold Rates, as notified by the bank.
  • The facility shall be availed only by the owners of gold Jewelleries.
  • No exchange of Jewellery/ies   is/are permitted.
  • Once an overdraft a/c becomes irregular or overdue, all the provisions applicable to jewel Loans (Recovery by auction etc) shall be applicable.