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IB MSME Jewel Loan

IB MSME Jewel Loan

Apply For Loan

IB MSME Jewel Loan

 

Particulars Norms
1.       Target Group All MSMEs involved in Manufacturing / Service / Trading activities as per extant definition of Government of India.
2.       Purpose To meet Working Capital requirements, Purchase of Assets meant for business, Repayment of debt taken from Non-Institutional lenders for business purpose
3.       Nature of facility Term loan only
4.       Eligibility Existing and New Customers.
5.       Quantum of Limit ·   Minimum Loan Amount: No Limit·   Maximum Loan Amount: Rs. 25 Lakhs
6.       Assessment
  • Limits should be assessed based on Business requirement of the applicant, subject to loan to value of jewels (as per the existing guidelines for loan against Gold Ornaments and Jewellery)
  • The eligible amount must be determined based on purpose and the assessment model specified in the revised application, ensuring the requisite margin in business/activity.
7.       Margin
Loan Type Loan Term Margin LTV
For loans to be repaid in Bullet repayment mode Up to 6 months 30% 70%
Above 6 months to 12 months 32% 68%
For loans to be repaid in EMI mode Above 12 months to 35 months 30% 70%
  • Declaration regarding maintenance of the requisite margin must be obtained from the borrower.
8.       Disbursement The loan proceeds to be credited to the SB/CA/CC/OD account of the borrower maintained with our Bank
9.       Maximum no. & amount of Jewel Loans per customer Maximum of five jewel loans can only be availed by a customer at any point of time including Agri, Retail and MSME.The ceiling for maximum amount under jewel loan which can be sanctioned to any customer including Agri, Retail and MSME at any point of time is as under:

(₹ in Cr.)

Vertical Bullet Repayment product EMI product Overall limit
Vertical wise Per Customer Vertical wise Per Customer
Agri 0.25 0.50 0.25 0.50 0.50
Retail 0.25 0.25
MSME 0.25 0.25
10.    Repayment Period 

 

 
Bullet payment mode (Upto 6 months)(Repayable at the end of the term along with interest accrued) Minimum Tenor: 1 monthMaximum Tenor: 6 months

 
Bullet payment mode (above 6 months to 12 months)(Repayable at the end of the term along with interest accrued) Minimum Tenor: 7 monthsMaximum Tenor: 12 months

 
EMI Mode(Repayable in EMIs commencing from the subsequent month of disbursement of loan) Minimum Tenor: 12 monthsMaximum Tenor: 35 months

 
11.    Security Primary Security:  Pledge of Jewels.
12.    Rate of Interest
Limit ROI
For loans upto Rs.20.00 lakhs Repo (5.25%)+ Prime Spread (2.70%) – BSD (0.40%) i.e. 8.80% at present
For loans above Rs.20.00 lakhs and upto Rs.35.00 lakhs Repo (5.25%)+ Prime Spread (2.70%) – BSD (0.20%) i.e. 9.00% at present
For loans above Rs. Rs.35.00 lakhs Repo (5.25%)+ Prime Spread (2.70%) i.e. 9.20% at present
13.    Processing charges & other Charges Upto Rs.100000/- : NILAbove Rs. 100000/- : Rs 100 per lakh or part thereof (0.10% of the limit).
14.    Take Over Not Permitted
15.    Appraiser Fee
  • Branches in Metro cities: @ Rs.6 per thousand subject to a minimum of Rs.50/- and maximum of Rs.500/-  per loan plus applicable GST.
  • Branches located in all other centers: @ Rs.4 per thousand      subject to a minimum of Rs.25/- and maximum of Rs.300/- per loan plus applicable GST.
  • No charges to be levied for priority sector advances upto Rs.25000/- including jewel appraisal fee. All priority sector advances sanctioned to the applicant along with proposed new loan to be considered to arrive the ceiling of Rs.25000/-.
16.    Documents to be obtained
  • GST registration copy / Udyam Registration Certificate / Shop establishment license / any documentary proof of Business to be obtained.
  • In case of informal Micro Enterprises, branch must obtain a consent form and required data from borrower, to generate the Udyam Assist Certificate (UAC) to be captured in CBS.
  • For MSME Jewel loans income proof of the applicant to be obtained for assessing the repayment capacity of the borrower as below
  • MSME Jewel Loans up to ₹1.75 lakh: Can be sanctioned based on the borrower’s declaration of annual income up to ₹3.00 lakh. If the declared income exceeds ₹3.00 lakh, income proof (ITR, other documents if any) must be obtained.
  • MSME Jewel Loans above Rs 1.75 lakh: Obtention of income proof (ITR, other documents if any) is mandatory.

( Last modified on Apr 16, 2026 at 07:04:12 PM )

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