Jewel loan / Over draft

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).

Features and Benefits
  • It is an Jewel Loan - Overdraft / Short-Term Jewel Loan.
  • It is specific to individuals who own Gold Jewellery.
  • The loan is specifically for personal purposes.
Charges and Limits
Loan Amount Minimum Rs. 5,000/-
Maximum Rs.200 lakhs
Repayment Tenor For Overdraft : 12 Months. The Limit can be renewed for a further period of 12 months, subject to the discretion of sanctioning authority.
For Term Loans : 3, 6 & 12 Months
Primary Security Pledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots (Max of 50 Grams per customer) sold by banks.
Collateral Security Optional
Guarantee Optional
Processing Charges Term Loan :
Jewel loan limit Total Charges payable
Loan limit up to Rs.0.50 lac 40 paisa per loan of Rs.100 subject to a maximum of Rs.200/
Loan limit up to Rs.1.00 lac40 paisa per loan of Rs.100 subject to a maximum of Rs.400/
Loan limit above Rs.1.00 lac and not beyond Rs.2.00 lacs40 paisa per loan of Rs.100 subject to a maximum of Rs.800/
Loan limit above Rs.2.00 lac and not beyond Rs.3.00 lacsFlat sum of Rs. 1000 irrespective of the loan quantum
Above Rs.3.00 lacsFlat sum of Rs. 2000 irrespective of the loan quantum

Overdraft : 0.50%

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 account becomes irregular or overdue, all the provisions applicable to jewel Loans (Recovery by auction, etc.,) shall be applicable.
Interest Rate

To check all Interest rate: Click here

Jewel Loans – Co-lending

KVB has Co-lending arrangement with M/s IIFL for Jewel Loans (Personal).

Click Here →KVB Jewel Loans - Co-Lending IIFL Finance

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