National Helpline No1800 1700

Jewel Loan

Particulars

Norms

1. Target Group

General Public, Women Applicants, Senior Citizens including our Bank staff.

2. Purpose

Domestic needs, consumption, family function, medical & other unforeseen expenses/ commitment (other than speculative).

3. Age

Entry Age – Minimum 21 years

Exit Age – Maximum 70 years

4. Nature of facility

Term loan & Overdraft

5. Eligibility

Existing and New Customers.

6. Maximum no. & amount of Jewel Loans per customer

Maximum of 5 (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

7. Assessment

For Retail Jewel Loan credit assessment including repayment capacity to be done by obtaining
the income proof of the applicant as detailed below:
√ Retail Jewel Loans up to ₹2.50 lakh (Bullet repayment option upto Rs.2.20 lakhs):
Can be sanctioned based on the borrower’s declaration of annual income or income
proof viz., ITR/payslip, etc.√ Retail Jewel Loans above ₹2.50 lakh (Bullet repayment option above Rs.2.20
lakhs): Obtention of valid income proof (ITR, Form 16, Other documents if any) is
mandatory. Detailed credit assessment, including assessment of borrower’s
repayment capacity shall be undertaken.

8. Advance value/ LTV/ Trigger LTV

SL
NO

Total
Consumption
Loan limit
per borrower

Advance Value (Amount)
for Bullet Repayment
option

Advance Value
(Amount) for
EMI & Overdraft
options

Max LTV during
loan tenure
(Breach point)

≤₹2.5 lakh