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    Jewel loan - General Purpose

    Jewel Loan granted for General purposes are called as ‘Ordinary Jewel Loan’.

    We are offering two Loan Schemes under Non-Agri Jewel Loans based on the repayment period i.e.,

    • TMB General Purpose Gold Loans - 12 months.
    • TMB General Purpose Gold Loans - Short Term - 6 months.

    Features :-

    • LTV is fixed at 75% for Loans with tenor 12 Months and 75% for Loans with tenor of 6 months.
    • Minimum Loan amount is fixed at Rs.3000/-.
    • The maximum lendable per gram rate for 22 carat Gold Ornaments will be instructed by H.O on daily basis.

    Eligibility :-

    • Individuals other than Pawn Brokers and Money Lenders.

    Terms :-

    • Medical Expenses, meeting un-foreseen liabilities, personal expenses.
    • Maximum number of Loan allowed at any point of time – 10 No’s.
    • Minimum Rs.3000/. Maximum Rs.10.00 lakh. For higher loan amount, RM permission should be obtained.

    Interest :-

    • General purpose Jewel Loan (6 months) - MCLR (6M MCLR - 8.65% at present) +Risk Premium (NIL) + BSS (0.50%), presently 9.15% p.a.
    • General purpose Jewel Loan (12 months) - MCLR (1 Year - 8.90%) +Risk Premium (NIL) + BSS (0.50%), presently 9.40% p.a.
    • General Jewel Loan (Overdraft) - MCLR (1 Year - 8.90%) +Risk Premium (NIL) + BSS (0.50%), presently 9.40% p.a.

    Fees & Charges :-

    • Handling charges, Inspection charges, Safe-keeping charges & Appraiser fee may be applicable.