Karur Vysya Bank Gold Loan

Karur Vysya Bank Gold Loan Highlights
Interest Rate	9.55% – 10.75% p.a.
Repayment Tenure	Term Loans: 3,6 or 12 months Overdraft: 1 year. Limit renewable for another year, subject to the lender’s discretion
Loan Amount	Rs 10,000 to Rs 2 crore
LTV Ratio	Up to 75% of the value of gold pledged as collateral
Processing Fees	0.50% (including appraisal charges) – Overdraft
Prepayment/Foreclosure Charges	Nil
Guarantee	Optional
Primary Security	Pledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots (Max of 50 Grams per customer) sold by banks

Rates updated on 13 March 2025

Karur Vysya Bank Gold Loan Interest Rates

Karur Vysya Bank offers Jewel loan at interest rates ranging between 9.55% p.a. and 10.75% p.a.

Karur Vysya Bank Gold Loan Fees & Charges

Processing Fees

Particulars	Charges
Processing Fees	For Term Loan Loan limit up to Rs.50,000: Rs. 200 Loan limit up to Rs.1 lakh: Rs. 400 Loan limit above Rs.1 lakh and not beyond Rs. 2 lakh: Rs. 800 Loan limit above Rs. 2 lakh and not beyond Rs. 3 lakh: Rs. 1000 Above Rs.3 lakh: Rs. 2000 For Overdraft 0.50% (including appraisal charges)

Other Charges

Particulars	Charges
Prepayment/Foreclosure Charges	Nil

Other Features of Karur Vysya Bank Gold Loan

Loan Amount

Karur Vysya Bank offers gold loans for loan amounts of up to Rs 2 crore. The final amount offered to Karur Vysya Bank Gold Loan applicants may depend on the weight of gold offered as security, purity of the gold, its market price and the LTV ratio set by the lender for its gold loan applicant.

Tenure

The loan tenures offered by Karur Vysya Bank Jewel Loan/Overdraft scheme are as follows:

• For term loans : 3, 6 or 12 months
• For overdraft: 1 year (limit renewable for another year, subject to the lender’s discretion)

Security

The security/collateral for Karur Vysya Bank Jewel Loan/Overdraft is gold jewellery (min. 22 carats) and gold ingots (up to 50 grams sold by banks).

Eligibility Criteria for availing Karur Vysya Bank Gold Loan

Individuals who own Gold Jewellery are eligible for availing Karur Vysya Bank Jewel Loan/Overdraft.

Documentation Required for Availing Karur Vysya Bank Gold Loan 

Karur Vysya Bank has not disclosed the documents required for availing gold loans. However, lenders usually require the following gold loan documents from their loan applicants:

• Identity Proof
• Residential Proof
• Signed application form