Jewel Loan

Having an urgent need of cash, make the most of your idle gold with KMBSNL’s attractive gold loans. Get
a loan in 30 minutes with minimal documentation and transparent charges.

KANDAN MUTUAL BENEFIT SASWATHA NIDHI LTD., Gold Loan  provides loan against gold with same day loan disbursement. You can apply for Gold Loan and get quick approvals by visiting your nearest Branch. Find out more about the features & benefits of the Gold Loan.

We are using an advanced Karat Machine – Gold Analyser machine for assessing the jewel proposals for loan which would give us the correct valuation for the purpose of valuation of gold.

Jewel Loan

Granting of Loans to individuals against pledge of gold jewellery/ornaments for productive and consumption/domestic purposes.

Key Features of Jewel Loan

Minimal Documentation

Utmost safety of your gold

Instant loan

Processing and Approval

Fast Approval

Jewel Loan - Eligibility

  • Purpose
    Granting of Loans to individuals against pledge of gold jewellery/ornaments for productive and consumption/domestic purposes.
  • Eligibility
    Applicant should be registered as a Member in KANDAN MUTUAL BENEFIT SASWATHA NIDHI LTD., He/ She should be the owner of the gold jewellery/ornaments proposed to be pledged.
    Loans can be granted only against 19 carat to 22 carat ornaments.
  • Documents needed to avail our jewel loan
    PAN card, Aadhar card and a passport size photo.
  • Repayment Period
    12 months (365 days).

Rate of interest (ROI)

Loan Scheme Rate of Interest Mode of payment Tenure

Scheme 1 -KL

11.4% NEFT / Cheque/ Cash 12 Months

Scheme 2 -JL

12% NEFT / Cheque/ Cash 12 Months

Scheme 3 -SL

10.8% NEFT / Cheque / No Cash 9 Months

Rate per gram

Loan Scheme KDM Gold Jewels Ordinary Gold Jewels 

Scheme 1 -KL

3200/- 3100/-

Scheme 2 -JL

3400/- 3300/-

Scheme 3 -SL

3500/- 3400/-

Jewel Appraiser Charges

  • For scheme 1
    -KL:0.3 % on the Loan Amount (including  + 18 % [GST])
  • For scheme 2
    -JL:0.3 % on the Loan Amount (including  + 18% [GST])
  • For scheme 3
    -SL:0.3 % on the Loan Amount (including  + 18% [GST])

Condition and Others

      • Notice Charges
        – If Interest is not paid for 6 months and above, the First Notice of Payment will be send Rs.300/- per account by Registered Post.
      • Second Notice
        – Sale Intimation by the AuctioneerRs.400/- per account.
      • Final Notice
        – For sale of Jewels and publication in NewspaperRs.500/-per account
      • After sale by the Auctioneer
        – Rs.1500/-per account + 2% on the sale Proceeds per account.
      • Interest rate structure
        – On servicing the full interest monthly, ROI is same (as per the scheme chosen) for the entire 1year. Interest is payable every month, if Interest is not paid regularly unpaid interest will be compounded to the principal and Interest will be charged on the total amount outstanding at the end of the each Month and no additional Interest will be charged over existing ROI till the end of period of Loan. The loan account on completion of period of loan or 1 year will become overdue and it should either be closed or renewed under the then prevailing jewel loan schemes. Moreover, auction process on completion of the tenure will be initiated to recover the dues, as per norms in force.
      • Mode of payment
        – Cash payment is restricted to Rs.20000/- and loan proceeds in excess of Rs.20000 will be released through Bank transfer by way of NEFT/RTGS/Bank transfer. As loan subsequent closure of such accounts shall happen only through bank credit and not by cash remittance (for queries call our customer support center).
      • Rate of Interest
        – IEvery month interest is calculated on Daily Basis on the total outstanding at the end of the month, subject to a min 15 days interest.

Frequently Ask Questions

If you have a question about our loan products , feel free to contact our customer care

Get a Quote

Now apply for a Loan online, All you need to do is provide your details below application form