Indian Bank Jewel Loan 2026
Indian Bank has a strong jewel-loan franchise, especially in South India, with agri, retail and MSME variants. Interest rate 8.50% – 9.75%, loan Retail up to ₹25 lakh; up to ₹50 lakh per customer across agri/retail/MSME, tenure Bullet up to 12 months; EMI up to 35 months.
Rates as of Jul – Sep 2026 · Checked 27 September 2026Indian Bank Jewel Loan at a glance
- Lowest starting rate we track
- Separate schemes for farmers and MSMEs
- Bullet loans capped at ₹2.20 lakh
Indian Bank gold loan interest rate & charges
| Feature | Indian Bank |
|---|---|
| Interest rate | 8.50% – 9.75% |
| Rate details | Range compiled for Sep 2026; the bank publishes a separate rate table by scheme. |
| Processing fee | About 0.25% + GST |
| Loan amount | Retail up to ₹25 lakh; up to ₹50 lakh per customer across agri/retail/MSME |
| Tenure | Bullet up to 12 months; EMI up to 35 months |
| Prepayment / foreclosure | No charge on floating-rate loans to individuals |
| Repayment | Bullet (up to ₹2.20 lakh), EMI or overdraft |
| LTV | 67% – 82% depending on loan size and tenure (bank policy within RBI caps) |
Special schemes & features
For crop and allied activities
Personal needs
Working capital for small businesses
Source: indianbank.bank.in, Jul – Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Indian Bank’s rates
| Loan amount | EMI @ 8.50% | EMI @ 9.13% | EMI @ 9.75% |
|---|---|---|---|
| ₹1,00,000 | ₹8,722 | ₹8,751 | ₹8,780 |
| ₹3,00,000 | ₹26,166 | ₹26,254 | ₹26,340 |
| ₹5,00,000 | ₹43,610 | ₹43,756 | ₹43,900 |
Tenure 1 year, reducing-balance method. Total interest on ₹2,00,000 at 8.50%: ₹9,327.
Indian Bank gold loan EMI calculator
Eligibility
- Any individual aged 18 or above (upper age limits vary; often 70–75)
- Owner of gold jewellery or bank-issued gold coins (coins up to 50 g in total)
- Farmers for agri gold loans (land records may be needed)
- For loans above ₹2.5 lakh the lender must assess your repayment capacity (RBI 2026 rule)
Documents required
- Photo ID and address proof (Aadhaar, passport, voter ID, driving licence)
- PAN card (mandatory above ₹5 lakh at most lenders; needed for higher amounts)
- Passport-size photograph
- Proof of income for larger loans or EMI loans
- Land records / crop details for agri gold loans
- Proof of ownership of jewellery if asked (purchase bill, declaration)
How to apply for Indian Bank Jewel Loan
- Visit branch or book onlineCarry your jewellery and KYC; many lenders offer doorstep valuation.
- ValuationThe lender tests purity (karatmeter/acid test), weighs net of stones and values it at the RBI-mandated benchmark.
- Choose schemePick loan amount, rate and repayment — EMI, bullet or overdraft. Read the Key Facts Statement for APR.
- Pledge & signGold is sealed in your presence; you get a pledge receipt with item-wise weight and purity.
- DisbursalMoney goes to your bank account (RBI requires disbursal to the borrower’s account).
Indian Bank vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹2,00,000 |
|---|---|---|---|---|
| Indian Bank Jewel Loan | 8.50% – 9.75% | About 0.25% + GST | Bullet up to 12 months; EMI up to 35 months | ₹17,444 |
| PNB Gold Loan | 8.95% – 9.25% | 0.30% of loan or ₹500, whichever is higher, + GST | Up to 12 months for bullet/OD (renewable); up to 36 months EMI | ₹17,486 |
| Muthoot Finance Gold Loan | 9.00% – 22.00% | Service/processing charges vary by scheme; security charge 0.15% (₹100 – ₹1,000) | Up to 12 months (normal schemes) | ₹17,490 |
| HDFC Bank Gold Loan | 9.10% – 17.86% | Up to 1% of loan + GST; valuation ₹250 – ₹575 | 6 – 42 months (bullet up to 12 months) | ₹17,500 |
| SBI Gold Loan | 9.15% – 10.10% | 0.25% + GST (min ₹250); waived on some bullet variants | 3 – 36 months (bullet up to 12 months) | ₹17,504 |
| IIFL Finance Gold Loan | 9.72% – 27.00% | Up to 2% + GST depending on scheme | Up to 2 years | ₹17,557 |
| Axis Bank Gold Loan | 9.75% – 17.00% | ₹300 up to ₹2 lakh; 0.50% + GST above ₹2 lakh | 6 months – 3 years | ₹17,560 |
| Manappuram Finance Gold Loan | 9.90% – 23.34% | Processing ₹25 + tax; insurance ₹25 | Short-term; scheme-dependent | ₹17,574 |
Frequently asked questions
What is the Indian Bank Jewel Loan gold loan interest rate?
Indian Bank gold loan rates start at 8.50% and go up to 9.75% p.a. (as of Jul – Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹2,00,000 from Indian Bank?
At 8.50% for 1 years the EMI is about ₹17,444, with total interest of ₹9,327.
What is the processing fee?
Indian Bank: About 0.25% + GST. GST at 18% applies on fees.
What is the maximum tenure?
Indian Bank: Bullet up to 12 months; EMI up to 35 months.
Can I prepay or foreclose the loan?
Indian Bank: No charge on floating-rate loans to individuals.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Indian Bank Jewel Loan. Terms change — confirm with the lender.