Swarnamitra

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 Overdraft / Short-Term 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. 75 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.
Primary Security Pledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots sold by banks.
Collateral Security Optional
Guarantee Optional
Processing Charges 0.50% (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 account becomes irregular or overdue, all the provisions applicable to jewel Loans (Recovery by auction, etc.,) shall be applicable.
Interest Rate
Nature of Facility ROI
Swarnamitra One Year MCLR + 1.45%

Note : Rate of Interest linked to MCLR. Rates will change based on prevalent MCLR.

To check Interest rate: Click here

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