Karur Vysya Bank Jewel loan

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Karur Vysya Bank Jewel loan

Short-term gold loan by Karur Vysya Bank for personal needs with monthly interest servicing and a repayment tenure of up to 12 months.

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Details for Karur Vysya Bank Jewel loan

Karur Vysya Bank Jewel Loan offers short-term financing for individuals pledging 22-carat gold jewellery or bank-bought ingots. Ideal for urgent personal needs, the loan comes with flexible repayment tenures of 3, 6, or 12 months and monthly interest servicing. The scheme is exclusive to gold owners and renewable up to another year, based on bank discretion. With minimal processing charges and secure terms, it’s a quick and trusted way to meet financial needs without selling your gold.

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Loan Amount

10,000/- to 2,00,00,000/-

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Interest Rate

Minimum 10.65% to Maximum 10.75%

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

  • Photo ID proof - Passport, PAN Card, Driver's License, Voter's ID, etc.
  • Proof of Address - Passport, Driver's License, Voter's ID, etc.
  • Proof of Age - Valid Passport, Banker's Certificate, Driver's License, Birth Certificate, etc.
  • Salaried individuals may have to provide additional documents such as salary slips, bank statements, Form 16 while self-employed individuals have to provide proof of income, proof of continuity of business, proof of office ownership, etc.

Loan Processing Charges

  • Upto 0.50% p.a.

Features

  • Repayment Tenor For Term Loans: 3, 6 & 12 Months
  • It is Short-Term Jewel Loan
  • It is specific to individuals who own Gold Jewellery
  • The loan is specifically for personal purposes
  • Gold Ingots bought from banks can also be pledged as security to avail this loan
  • The servicing on the interest must be done monthly
  • This scheme can be availed only by the owner of the jewellery
  • The primary security for this loan scheme is gold jewellery with at least 22-carat purity
  • The repayment tenure on the loan is 1 year which can be renewed for a further 12 months at the discretion of the bank

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₹10,000₹1,00,00,000

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Karur Vysya Bank Jewel loan EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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