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KVB Gold Loan Charges & Limits

Loans against Gold Jewelleries are one of the easiest means of finance that can be availed from our branches in no time. We offer Jewel loans in the form of Overdraft (Swarnamitra) and Short-Term Loans (Jewel Loan - Non-Agri / Personal).<br><br>

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KVB Gold Loan Charges & Limits

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  1. Charges & Limits of Jewel Loan Overdraft Loans against Gold Jewelleries are one of the easiest means of finance that can be availed from our branches in no time. We offer Jewel loans in the form of Overdraft (Swarna mitra) and Short-Term Loans Minimum Rs.10,000/- Maximum Rs.200 lakhs Loan Amount For Overdraft : 12 Months. The Limit can be renewed for a further period of 12 months, subject to the discretion of sanctioning authority. For Term Loans : 3, 6 & 12 Months Repayment Tenor Pledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots (Max of 50 Grams per customer) sold by banks. Primary Security Collateral Security Optional Guarantee Optional www.kvb.com www.kvb.com Customer Care:1860 258 1916

  2. Charges & Limits of Jewel Loan Overdraft Term Deposit Processing Charges: Jewel loan limit Total Charges payable 40 paisa per loan of Rs.100 subject to a maximum of Rs.200/ Loan limit up to Rs.0.50 lac 40 paisa per loan of Rs.100 subject to a maximum of Rs.400/ Loan limit up to Rs.1.00 lac Loan limit above Rs.1.00 lac and not beyond Rs.2.00 lacs 40 paisa per loan of Rs.100 subject to a maximum of Rs.800/ Loan limit above Rs.2.00 lac and not beyond Rs.3.00 lacs Flat sum of Rs. 1000 irrespective of the loan quantum Flat sum of Rs. 2000 irrespective of the loan quant Above Rs.3.00 lacs www.kvb.com Customer Care:1860 258 1916

  3. Charges & Limits of Jewel Loan Overdraft Other Terms & Conditions Interest to be serviced monthly. At the time of renewal, Drawing Power shall be fixed based on Prevailing Gold Rates, as notified by the bank. The facility shall be availed only by the owners of gold Jewelleries. No exchange of Jewellery/ies is/are permitted. Once an overdraft account becomes irregular or overdue, all the provisions applicable to jewel Loans (Recovery by auction, etc.,) shall be applicable. ● ● ● ● ● www.kvb.com Customer Care:1860 258 1916

  4. Interest Rates Nature of Facility ROI Minimum 9.80% to Maximum 10.75% Jewel Loan Personal 1. Foreclosure charges / part pre-payment penalties will not be levied on all retail term loans sanctioned under floating rate of interest. ROI Conversion option available from floating to fixed - For more details contact respective branch. During the tenure of the loan, due to interest reset, borrowers under floating rate can approach the bank for the below request: (i) Enhancement in EMI or elongation of tenor or for a combination of both options (ii) To prepay, either in part or in full Borrower allowed to switch based on the tenor of the loan as follows: Loan tenor No of Times >20 years 6 times >15 to 20 years 5 times >10 to 15 years 4 times >5 to 10 years 3 times >3 to 5 years 2 times <= 3 years 1 time The aforesaid grid is applicable for once in 2 years 2. 3. 4. www.kvb.com Customer Care:1860 258 1916

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