Bank provides jewel loans to agriculturists for their agricultural credit needs on easy terms and at low cost:
- Lending at Rs. 1200/- per gram on 22 carat gold or 80% of market value of the jewel (85% Hall Marked jewels) whichever is lower, for jewel loans with a repayment period up to 12 months.
- Lending at Rs. 1200/- per gram on 22 carat gold or 65% of market value of the jewel (70% Hall Marked jewels) whichever is lower, for jewel loans with a repayment period exceeding 12 months and up to 24 months.
- Lowest interest rate at 7% p.a. for loans up to Rs. 3.00 lakh availed for crop production purposes (during Kharif 2009 and Rabi 2009-10) and at PLR-2.5% p.a. for loans up to Rs. 50,000/- for other agricultural purposes against pledge of Jewels.
- Service charges exempted for loans up to Rs. 25,000/-.
- Loans issued on all working days.
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