Jewel Loan
- JewelLoan (also called Loan against Jewels) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral.
- A member can open a Jewel Loan Account.
- The Lending amount on Jewel Loan is Rs.5000/- per gram at present.
- Faster Processing & Instant disbursal.
- Loan can be availed for any amount between Rs.5,000/- upto a maximum of 15 lakhs.
- Jewel Loan products have a maximum tenure of 1 year.
- Attractive Interest, Simple and very speedy processing and No foreclosure charges.
- Part Payment is allowed.
- Minimum Interest of 15 days will be collected for the closure of Jewel Loan within 15 days from the date of loan sanctioned.
- Jewel Loan interest is calculated at 14% for 6 months.