Indian Overseas Bank Gold Loan

Indian Overseas Bank Gold Loan Highlights
Interest Rate	8.85% p.a. onwards
Repayment Tenure	MSME Gold Loan: Up to 1 year Jewel Loan – Others: Up to 1 year (for loans up to Rs 15 Lakh) and up to 35 months (for loans above Rs 15 Lakh) Swarnalakshami: Up to 1 year Jewel Loan Suvidha: 1 year for bullet repayment and 5 years under the EMI option
Loan Amount	Up to Rs 50 lakh
LTV Ratio	Up to 75% of the value of gold pledged as collateral
Processing Fees	Up to Rs. 3.00 lakhs 0.30% and above Rs. 3.00 lacs 0.50% for Jewel Loan (Others) JLOTH
Documentation Charges	Nil
Closure Charges	Nil
Penal Interest Charges	2%

Note: Last Updated on 27 Feb 2025

Indian Overseas Bank Gold Loan Interest Rates

Indian Overseas Bank offers gold loans at interest rates ranging between 8.85% p.a. onwards. The gold loan interest rates offered for different loan schemes are as follows:

Product	Rates (% p.a.)
Jewel Loan – Others	9.60
SME Gold	9.60
JLSWL (Women Borrowers)	9.35
Agriculture Jewel Loan	10.00-11.60
IOB Swarna Samridhi	8.85

Interest Rates updated as on 27th Feb 2025.

Indian Overseas Bank Gold Loan Fees & Charges

Indian Overseas Bank Gold Loan Processing Fees

Particulars	Charges
Processing Fees	Up to Rs 3 lakh – 0.3% Above Rs 3 lakh – 0.5% For IOB Jewel Loan Suvidha: 0.25% (Rs 500 to Rs 2,500)

Other Charges

Particulars	Charges
Documentation Charges	Nil
Closure Charges	Nil
Penal Interest Charges	2%

Types of Gold Loans from Indian Overseas Bank

Indian Overseas Bank SME Gold Loan

Purpose

Indian Overseas Bank SME Gold Loan enables individuals/proprietors/partners of SME units, professionals and self-employed, artisans, etc. engaged in manufacturing, services or retail trade to raise finances for diverse business requirements like raising working capital, starting income generating activities, etc.

Loan Amount

The loan amount for IOB MSME Gold Loan is up to Rs 50 Lakh

Tenure

The tenure for Indian Overseas Bank MSME Gold Loan is up to 1 year.

Repayment

IOB MSME Gold Loan offers bullet repayment facility, where the principal is due for repayment at end of the loan term while the interest amount needs to be serviced as and when it gets debited.

Indian Overseas Bank Jewel Loan – Others

Purpose

‘Indian Overseas Bank Jewel Loan – Others’ allows individuals to procure funds to meet their meet domestic or business needs.

Loan Amount

The loan amount for ‘IOB Jewel Loan – Others’ is up to Rs 50 Lakh

Tenure

The tenure for ‘Indian Overseas Bank Jewel Loan – Others’ is up to 1 year (for loans up to Rs 15 Lakh) and up to 35 months (for loans above Rs 15 Lakh).

Repayment

‘IOB Jewel Loan – Others’ offer bullet repayment facility, where the principal is due for repayment at end of the loan term while the interest amount needs to be serviced as and when it gets debited.

Indian Overseas Bank Swarnalakshami (Women Borrowers)

Purpose

Indian Overseas Bank Swarnalakshami Loan allows women borrowers, who have savings account with the lender, to procure funds to meet their personal requirements.

Loan Amount

The loan amount for IOB Swarnalakshami (Women Borrowers) is up to Rs 5 Lakh

Tenure

The tenure for Indian Overseas Bank Swarnalakshami Loan is up to 1 year.

Repayment

IOB Swarnalakshami (Women Borrowers) offers bullet repayment facility, where both the principal and interest amount is due for repayment at end of the loan term.

Indian Overseas Bank Jewel Loan Suvidha

Purpose

Indian Overseas Bank Jewel Loan Suvidha allows individuals procure funds for registration charges on house property or margin money for housing loan, with reimbursement within 1 year from the date of expenses incurred by the loan borrower.

Loan Amount

The loan amount for IOB Jewel Loan Suvidha ranges between Rs. 25,000 and Rs. 50 Lakh.

Tenure

The tenure for Indian Overseas Bank Jewel Loan Suvidha is 1 year for bullet repayment and 5 years under the EMI option.

Repayment

IOB Jewel Loan Suvidha offers bullet repayment facility, where both the principal and interest amount is due for repayment at end of the loan term.

Other Features of Indian Overseas Bank Gold Loan

Loan Amount

Indian Overseas Bank offers jewel loans for loan amounts of up to Rs 50 Lakh. The final amount offered to Indian Overseas Bank Gold Loan applicants depends on the weight of gold offered as collateral, purity, market price of gold and LTV ratio set for the gold loan applicant.

Tenure

The loan tenure offered by Indian Overseas Bank goes up to 5 years.

Repayment

Indian Overseas Bank offers loan repayment facility both through bullet repayment facility and through EMIs.

Eligibility Criteria for availing Indian Overseas Bank Gold Loan

The eligibility criteria for availing Indian Overseas Bank Gold Loans are as follows:

• Minimum Age: 18 years
• Any individual owning gold ornaments, jewellery or coins is eligible for availing this loan
• The lender can grant loans against gold ornaments, jewellery or pure gold coins sold by banks. The coin weight should not exceed 50 grams per customer
• Both existing and new customers are eligible under this loan scheme
• For IOB Jewel Loan Suvidha: Individuals having home loan account with IOB or any other bank/financial institution (as single/joint applicant) and pensioners

Indian Overseas Bank Gold Loan Documents Required

Indian Overseas Bank has not specified the documents required for availing gold loans. However, gold loan lenders usually ask their applicants to submit the following documents:

• Identity Proof
• Residential Proof
• Signed application form