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Karur Vysya Bank Gold Loan Highlights 2024 |
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| Interest Rate | 9.80% – 10.75% p.a. |
| Repayment Tenure |
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| 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 17th Dec 2024.
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Karur Vysya Bank Gold Loan Interest Rates
Karur Vysya Bank offers Jewel loan at interest rates ranging between 9.80% p.a. and 10.65% p.a. The gold loan interest rates for different KVB Gold loan schemes are as follows:
| Particulars | Rates |
| Jewel Loan (Trade) – 12 Months/CGL12 | 10.40% p.a. |
| KVB Quick Jewel Loan (Trade) – 6 Months/CGL6 | 10.30% p.a. |
| Jewel Loan (Others) – 12 Months/RGL12 | 10.65% p.a. |
| KVB Quick Jewel Loan (Others) – 6 Months/RGL6 | 10.65% p.a. |
| KVB – Swarna Mithra Scheme Overdraft | 9.80% p.a. |
Karur Vysya Bank Gold Loan Fees & Charges
Processing Fees
| Particulars | Charges |
| Processing Fees | For Term Loan
For Overdraft 0.50% (including appraisal charges) |
Other Charges
| Particulars | Charges |
| Prepayment/Foreclosure Charges | Nil |
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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.
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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