What is the current Indian Bank Jewel Loan interest rate?

Indian Bank's Jewel Loan interest rate is MCLR / repo-linked and depends on the applicable loan scheme and prevailing bank guidelines — broadly sitting around 8.50% – 9.25% p.a. for retail jewel loans, with a cheaper priority-sector rate for the Agricultural Jewel Loan. The exact current rate is published on Indian Bank's interest-rate page. Rates are indicative — verify the latest rate on Indian Bank's official website before applying.

What is the LTV (loan-to-value) on Indian Bank gold loans?

Indian Bank applies a TIERED Loan-to-Value that is more generous for smaller, shorter loans. For Bullet Repayment the advance value is 77%-82% (≤₹2.5L), 72%-77% (₹2.5–5L), and 67%-72% (>₹5L), depending on tenure (12/6/3 months). For EMI & Overdraft it is 80% (≤₹2.5L), 75% (₹2.5–5L), and 70% (>₹5L). The maximum LTV breach points (during the loan tenure) are up to 85%, 80%, and 75% respectively. For OD Against Gold Jewels it is 75% of market value or the per-gram advance value, whichever is lower.

Does Indian Bank offer a high-LTV (up to 82%) gold loan?

Yes — Indian Bank's tiered LTV is a standout feature. For small bullet loans up to ₹2.5 Lakh with a 3-month tenure, the advance value is up to 82% of the gold's value (with a maximum LTV breach point of 85% during the tenure). This is among the highest LTVs in the market and is far above the 70% the bank applies to large (>₹5L) 12-month loans. The exact advance value depends on your loan size and tenure.

How much Jewel Loan can I get from Indian Bank?

The loan amount depends on the purity, weight, and value of your pledged gold, subject to Indian Bank's tiered LTV norms. A customer can hold a maximum of 5 jewel loans at any time (across Agri, Retail and MSME), with a per-customer ceiling of ₹50 Lakh (Agri), ₹25 Lakh (Retail), and ₹25 Lakh (MSME). The OD Against Gold Jewels product ranges from ₹25,000 to ₹10 Lakh. Use our LTV calculator to estimate the maximum loan you can get against your gold at today's price.

Who is eligible to apply for an Indian Bank Jewel Loan?

Indian residents who own eligible gold jewellery or ornaments and meet the bank's criteria can apply. Entry age is minimum 21 years (exit age 70 for the Jewel Loan). Target groups include the general public, women applicants, senior citizens and bank staff. The OD Against Gold Jewels product also specifically targets COVID Warriors — healthcare professionals, sanitation staff, police & Home Guards, Anganwadi & ASHA workers, Dak Sewak, fire staff, ex-servicemen, and NSS volunteers. A maximum of 5 jewel loans per customer is allowed at any time.

What is the OD Against Gold Jewels product at Indian Bank?

'OD Against Gold Jewels' is a newer Indian Bank facility where an Overdraft limit is fixed instead of a Term Loan. It is available to the general public, women applicants, and COVID Warriors, for loan amounts from ₹25,000 to ₹10 Lakh at 75% of the gold's market value (or per-gram advance value, whichever is lower). Add-on benefits include issuance of a RuPay Card and a personalised cheque book. The account is renewed within one year and the limit re-assessed on the prevailing gold value and margin.

What is the repayment tenure for an Indian Bank Jewel Loan?

For Bullet Repayment, the maximum tenure is 12 months — repayable as a lump sum at the end of the 12th month along with accrued interest. For EMI Repayment, the maximum tenure is 35 months, with EMIs commencing from the month after disbursement. Overdraft and OD Against Gold Jewels are renewed within one year, with the limit re-assessed on the value of the pledged jewels. The Agricultural Jewel Loan is typically up to 12 months and renewable.

Is income proof mandatory for an Indian Bank Jewel Loan?

Only for larger loans. For Retail Jewel Loans up to ₹2.50 Lakh (Bullet Repayment option up to ₹2.20 Lakh), the loan can be sanctioned based on your declaration of annual income or simple income proof (ITR / payslip). For loans above ₹2.50 Lakh (Bullet above ₹2.20 L), obtaining valid income proof (ITR, Form 16, or other documents) is mandatory, and a detailed credit assessment including repayment capacity is undertaken.

What documents are required for an Indian Bank Jewel Loan?

Applicants need a duly filled application form, valid identity proof (PAN, Aadhaar, Voter ID, Passport, or Driving Licence), address proof, passport-size photographs, and the eligible gold jewellery or ornaments to be pledged. For Retail loans above ₹2.50 Lakh (Bullet above ₹2.20 L), income proof (ITR / Form 16) is mandatory. For the Agricultural Jewel Loan, land/cultivation records may be required.

Can I apply for an Indian Bank Jewel Loan online?

Customers can enquire about Jewel Loans through the Indian Bank website, but the application process is completed at the nearest Indian Bank branch, as applicable. There is no fully digital end-to-end disbursal — you must visit a branch for gold evaluation and pledge. Use our LTV calculator to pre-estimate your eligible loan amount before visiting.

Can I prepay or foreclose my Indian Bank Jewel Loan?

Yes. Indian Bank allows Jewel Loan prepayment or foreclosure as per the applicable terms and conditions — there is no penal prepayment charge. You can close the loan anytime within the tenure by repaying the outstanding principal plus accrued interest. Your pledged gold is securely stored and returned to you once the loan is fully repaid and all dues are cleared.

Is my pledged gold safe with Indian Bank?

Yes. The pledged gold jewellery is securely stored by Indian Bank until the loan is fully repaid and all applicable dues are cleared. As an RBI-regulated public-sector bank, Indian Bank follows mandated safe-keeping and insurance norms for pledged gold during the loan tenure.

Is Indian Bank Jewel Loan better than NBFC gold loans like Muthoot or Manappuram?

Indian Bank gold loans are RBI-regulated and generally offer lower rates than large NBFCs, plus the standout tiered LTV (up to 82% for small bullet loans), the OD Against Gold Jewels product with a RuPay Card, and a priority-sector Agricultural Jewel Loan. NBFCs may offer faster processing, wider doorstep service, and no income-proof requirement at higher amounts. Choose Indian Bank for lower cost, high LTV on small loans, and the agri concession; choose an NBFC for speed and convenience. Compare all options on our banks directory and NBFC directory.

All Gold Loan Banks

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Indian Bank Gold Loan

Public-sector Indian Bank Jewel Loan — MCLR/repo-linked rate, standout tiered LTV up to 82% for small bullet loans, OD Against Gold Jewels with a RuPay Card, EMI up to 35 months, and a priority-sector Agri Jewel Loan up to ₹50 Lakh.

Interest Rate

MCLR / repo-linked; Jewel Loan broadly ~8.50% – 9.25% p.a.

≈ 8.5% – 9.25% p.a. · w.e.f. July 2026 (MCLR / repo-linked floating; see Indian Bank interest-rate page)

Reviewed 30 Jul 2026Verify on Indian Bank website →

Indian Bank's Jewel Loan interest rate is MCLR / repo-linked (broadly ~8.50% – 9.25% p.a. for retail; a cheaper priority-sector rate for agri). Its standout feature is a tiered LTV — up to 82% advance value for small (≤₹2.5L) 3-month bullet loans, stepping down to 67% for large (>₹5L) 12-month loans. It offers Bullet (12m), EMI (35m) and Overdraft variants, a newer 'OD Against Gold Jewels' product with a RuPay Card (₹25,000 – ₹10 Lakh), and an Agricultural Jewel Loan up to ₹50 Lakh per customer. Income proof is needed only above ₹2.50 L (Bullet ₹2.20 L).

Data source: Indian Bank official website · Reviewed 2026-07-30 · Indicative only.

💰 Maximum Loan Per Gram Today

At 75% LTV (RBI cap) · Live indicative gold rate

24K Gold (999)

₹11,246 / gram

Rate: ₹14,994/g · Max LTV 75%

22K Gold (916)Selected

₹10,305 / gram

Rate: ₹13,740/g · Max LTV 75%

18K Gold (750)

₹8,432 / gram

Rate: ₹11,242/g · Max LTV 75%

Loan amount = (today's gold rate per gram × 75%) · Indicative only. Final amount depends on branch appraisal of purity and net weight.

🧮 Check Your Indian Bank Gold Loan Eligibility

Enter your gold weight to estimate the maximum loan amount, monthly interest, and EMI at Indian Bank's indicative rate of 8.50% p.a.

Gold Weight20 grams

Purity

Loan-to-Value (LTV)75%

RBI caps gold loan LTV at 75%

Tenure (months)12 months

Estimated at 8.50% p.a.

Maximum Loan Amount

₹2,06,100

Market Value

₹2,74,800

Rate / Gram

₹13,740

Monthly Interest

₹1,460

EMI (12m)

₹17,976

Open Full LTV Calculator →

Estimate based on indicative gold rate and Indian Bank's published rate of 8.50% p.a. Actual disbursal depends on branch-level gold appraisal, net weight (after deducting stones/wax), and KYC.

📋 Indian Bank Gold Loan — Quick Facts

📊Interest Rate

MCLR / repo-linked; Jewel Loan broadly ~8.50% – 9.25% p.a.

≈ 8.5% – 9.25% p.a.

⚖️Max LTV

Tiered 67% – 82% (by loan size & tenure); max breach point up to 85%

RBI-mandated cap

📅Tenure

Bullet up to 12 months · EMI up to 35 months · OD annually renewed

💸Processing Fee

MCLR / repo-linked — broadly ~8.50% – 9.25% p.a. (indicative; see Indian Bank interest-rate page)

🏆Max Loan

₹50 Lakh Agri / ₹25 Lakh Retail / ₹25 Lakh MSME (max 5 loans per customer)

🪙Min Loan

₹25,000

⚡Disbursal

Same-day disbursal at branch; credited to your Indian Bank account

🚪Prepayment

Nil — prepayment / foreclosure allowed per applicable terms

📑 Indian Bank Gold Loan Schemes Compared

Side-by-side comparison of all 5 gold loan variants from Indian Bank. Choose the scheme that matches your repayment preference.

Scheme	Interest Rate	Tenure	Repayment	LTV	Processing Fee	Best For
IB Jewel Loan — Bullet Repayment	MCLR / repo-linked, broadly ~8.50% – 9.25% p.a. (indicative)	Maximum 12 months — repayable at the end of 12th month as a bullet payment with interest	Bullet — principal + interest as a lump sum at maturity	Tiered: ≤₹2.5L → 77%-82%; ₹2.5–5L → 72%-77%; >₹5L → 67%-72% (by tenure)	As per Indian Bank interest-rate & charges page (click-through from scheme)	Short-term personal needs — medical, family function, unforeseen expenses (other than speculative)
IB Jewel Loan — EMI (Term Loan)	MCLR / repo-linked, broadly ~8.50% – 9.25% p.a. (indicative)	Maximum 35 months — EMIs commence from the month after disbursement	EMI — fixed monthly instalments of principal + interest	Tiered: ≤₹2.5L → 80%; ₹2.5–5L → 75%; >₹5L → 70%	As per Indian Bank interest-rate & charges page (click-through from scheme)	Borrowers who prefer structured monthly repayments over a longer horizon
IB Jewel Loan — Overdraft	MCLR / repo-linked, broadly ~8.50% – 9.25% p.a. (indicative)	Annually renewed — OD limit re-assessed on gold value & margin each year	Overdraft — interest as and when charged; withdrawals within the sanctioned limit	Tiered: ≤₹2.5L → 80%; ₹2.5–5L → 75%; >₹5L → 70%	As per Indian Bank interest-rate & charges page (click-through from scheme)	Flexible revolving credit line for business or recurring working-capital needs
IB OD Against Gold Jewels (New Product)	MCLR / repo-linked floating (see Indian Bank interest-rate page)	OD account — renew within 1 year; limit re-assessed on gold value & margin	Overdraft — interest serviced as and when charged; withdrawals within limit	75% of market value OR per-gram advance value of jewels, whichever is lower	As per Indian Bank charges page; appraiser fee borne by applicant	General public, women & COVID warriors wanting an OD limit (₹25,000 – ₹10 Lakh) with a RuPay Card & personalised cheque book
IB Agricultural Jewel Loan (Priority Sector)	Priority-sector concessional rate (MCLR / repo-linked; cheaper than retail)	Up to 12 months (renewable)	Bullet / instalments synced to the crop cycle	Up to 75% under RBI agri-priority norms	Nil / concessional for priority-sector agri borrowers	Farmers financing cultivation, inputs, equipment & allied agricultural needs (up to ₹50 Lakh per customer)

All rates and fees are indicative and sourced from Indian Bank's official website. Verify current charges at your branch before applying.

🌾 Indian Bank Tiered LTV — up to 82% for small bullet loans

Indian Bank's standout feature is its tiered Loan-to-Value: the advance value is highest for small, short-tenure bullet loans (up to 82% for a ≤₹2.5 Lakh 3-month loan) and steps down for larger / longer loans. This is among the most generous LTV structures in the market for small borrowers.

Loan up to ₹2.5 Lakh

Bullet: 12M=77%, 6M=80%, 3M=82%. EMI & OD: 80%. Max LTV breach point 85%.

Loan ₹2.5 L – ₹5 L

Bullet: 12M=72%, 6M=75%, 3M=77%. EMI & OD: 75%. Max LTV breach point 80%.

Loan above ₹5 Lakh

Bullet: 12M=67%, 6M=71%, 3M=72%. EMI & OD: 70%. Max LTV breach point 75%.

✅ Eligibility — Who Can Apply

✓Indian residents who own eligible pledgeable gold jewellery or ornaments
✓Entry age minimum 21 years (Exit age maximum 70 years for Jewel Loan)
✓Farmers and agricultural borrowers for the priority-sector Agricultural Jewel Loan (up to ₹50 Lakh per customer)
✓Women applicants — targeted under both Jewel Loan and OD Against Gold Jewels
✓Senior citizens, including Indian Bank staff, are an explicit target group for the Jewel Loan
✓COVID Warriors targeted under OD Against Gold Jewels — healthcare professionals, sanitation staff, police & Home Guards, Anganwadi & ASHA workers, Dak Sewak, fire staff, ex-servicemen, NSS volunteers
✓Maximum of 5 jewel loans per customer at any time (across Agri, Retail & MSME)
✓Income proof NOT required up to ₹2.50 Lakh (Bullet up to ₹2.20 L) — borrower declaration suffices; above that, valid income proof (ITR / Form 16) is mandatory

📄 Documents Required

Your Document Checklist

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Duly filled & signed gold loan application formRequiredPAN Card (mandatory KYC)RequiredIdentity proof — Aadhaar / Voter ID / Passport / Driving LicenceRequiredAddress proof (if different from identity document)RequiredPassport-size photograph(s)RequiredIncome proof — ITR / Form 16 / payslip (mandatory above ₹2.50 L; Bullet above ₹2.20 L)Land / cultivation records (for Agricultural Jewel Loan priority-sector rate)Form 60 (if PAN not available)Original eligible gold jewellery / ornaments for pledgeRequired

🪜 How to Apply for a Indian Bank Gold Loan

Follow these 6 steps to get your gold loan disbursed. The entire process is typically completed the same day.

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Enquire online or visit a branch

You can enquire about the Jewel Loan or OD Against Gold Jewels through the Indian Bank website, but the application is completed at the nearest Indian Bank branch. Choose your product — Bullet, EMI, Overdraft, OD Against Gold Jewels, or Agricultural Jewel Loan — and carry your gold ornaments and original KYC documents.

⚖️

Gold evaluation & valuation

Indian Bank's approved appraiser tests the purity of your gold and weighs the net gold after deducting stones, solder, and alloy. The eligible loan is computed at the applicable tiered advance value (LTV) — for example, up to 82% for a ≤₹2.5 Lakh 3-month bullet loan, scaling down to 67% for a >₹5 Lakh 12-month loan. The appraiser fee is borne by the applicant.

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Credit assessment & income proof

For Retail Jewel Loans up to ₹2.50 Lakh (Bullet up to ₹2.20 L), your declaration of annual income or simple income proof (ITR / payslip) suffices. For loans above ₹2.50 Lakh (Bullet above ₹2.20 L), valid income proof (ITR, Form 16, etc.) is mandatory and a detailed credit assessment of your repayment capacity is undertaken. Agri and MSME schemes have their own assessment norms.

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Choose your facility & tenure

Select Bullet Repayment (max 12 months, lump sum at maturity), EMI (max 35 months, monthly instalments from the next month), or Overdraft (annually renewed, re-assessed on gold value & margin). For OD Against Gold Jewels, an OD limit (₹25,000 – ₹10 Lakh) is fixed with add-on RuPay Card & personalised cheque book.

✍️

Submit KYC & complete documentation

Submit your duly filled application form, PAN, identity proof, address proof, and photograph. Attach income proof (ITR / Form 16) if your loan exceeds the income-proof threshold. For the Agricultural Jewel Loan, land/cultivation records may be required. Sign the pledge agreement — the loan is secured by the pledge of your gold jewels.

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Disbursal to your Indian Bank account

The loan proceeds are credited directly to your Indian Bank bank account. For the OD variants, withdrawals are permitted within the sanctioned limit and the account is renewed within one year, with the limit re-assessed on the prevailing value of the pledged jewels and margin requirements. Your gold is securely stored until the loan is fully repaid.

💸 Fees & Charges Breakdown

Charge	Amount
Interest rate (Jewel Loan)	MCLR / repo-linked — broadly ~8.50% – 9.25% p.a. (indicative; see Indian Bank interest-rate page)
Interest rate (Agricultural Jewel Loan)	Priority-sector concessional rate (cheaper than retail)
Processing fee	As per Indian Bank interest-rate & service-charges page (click-through from scheme)
Processing fee (Agricultural Jewel Loan)	Nil / concessional (priority-sector)
Appraiser fee (gold valuation)	Borne by the applicant
Documentation charges	As per schedule of charges
Prepayment / foreclosure	Allowed as per applicable terms (no penal prepayment charge)
Add-on benefits (OD Against Gold Jewels)	Free RuPay Card & personalised cheque book issuance
Account renewal (OD variants)	Renew within 1 year; OD limit re-assessed on gold value & margin
Gold insurance during tenure	Pledged gold securely stored until full repayment

⚖️ Pros & Cons of a Indian Bank Gold Loan

An honest look at where Indian Bank shines — and where other lenders might suit you better.

✓Pros

+Public-sector bank with MCLR / repo-linked Jewel Loan rate, broadly around 8.50% – 9.25% p.a.
+STANDOUT tiered LTV — up to 82% advance value for small, short (3-month) bullet loans (≤₹2.5L), among the highest in the directory
+Priority-sector Agricultural Jewel Loan with a concessional rate, up to ₹50 Lakh per customer
+A newer 'OD Against Gold Jewels' product with a RuPay Card & personalised cheque book — tailored for general public, women & COVID warriors
+No income proof needed for smaller loans (up to ₹2.50 L; Bullet up to ₹2.20 L) — just a declaration suffices
+Flexibility across Term Loan, EMI (up to 35 months) and Overdraft, plus dedicated Agri & MSME schemes
+Prepayment / foreclosure allowed; pledged gold securely stored and returned on closure
+Strong presence across Tamil Nadu and South India, plus a nationwide branch network

!Things to Consider

–LTV drops sharply for larger loans — only 67% advance value for a >₹5 Lakh 12-month bullet loan (70% EMI/OD)
–Income proof (ITR / Form 16) is MANDATORY above ₹2.50 Lakh (Bullet above ₹2.20 L) — not a no-income-proof loan at higher amounts
–Maximum of 5 jewel loans per customer at any time (across Agri, Retail & MSME combined)
–Exact interest rate & processing fee are not published inline — they are on a separate interest-rate / charges page, so verify before applying
–Primarily branch-driven application; online enquiry only, no fully digital end-to-end disbursal
–MCLR / repo-linked rate moves with RBI policy changes; the effective rate may rise

❓ Frequently Asked Questions

An Indian Bank Jewel Loan is a secured loan offered against the pledge of eligible gold jewellery or ornaments. It provides quick access to funds for personal, agricultural, or business requirements. Indian Bank offers it as a Term Loan / EMI (up to 35 months), a Bullet Repayment loan (up to 12 months), or an Overdraft, plus a newer 'OD Against Gold Jewels' product with a RuPay Card & cheque book, and a priority-sector Agricultural Jewel Loan for farmers.

🔗 Keep Exploring

Other Gold Loan Providers

🏦 Canara Bank 🏛️ Punjab National Bank 🏛️ Bank of Baroda 🏛️ Indian Overseas Bank

Tools & Calculators

Gold Loan LTV Calculator Gold Loan Interest Rates Gold Jewellery Calculator EMI Calculator

Guides & Directories

Gold Loan vs Personal Loan Gold Loan Hub All Banks Gold Hub

📅 Last reviewed: 2026-07-30 · Next review: 29 Aug 2026 · Data source: Indian Bank official website · Indicative rates only — always verify current terms with Indian Bank before applying. Gold loan LTV capped at 75% per RBI guidelines.