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 :-

  • MCLR (1 Year – 8.45%) +Risk Premium (NIL)+BSS (0.50%), presently 8.95% p.a.

Fees & Charges :-

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