Union Bank of India Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

Union Bank of India Gold Loan Key Features

Loan Amount Up to Rs. 1 Crore (With Income Proof)
Union Bank of India Gold Loan Interest Rate 7.25% per annum
Union Bank of India Gold Loan Per Gram Rate Per Gram Today is ₹ 5,219
Processing Fee 1.50% of the Principal Loan Amount
Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Repayment Tenure 3 Months to 24 Months
Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Union Bank of India Gold Loan

  • Fast Process: Union Bank of India Gold Loan gets approved and payout easily. The loan is within an hour.
  • Minimal Documents: For Union Bank of India Gold Loan document process is straightforward and only essential  documents are required
  • Transparent System: Complete clarity is provided to the customer, there are no hidden charges.
  • Amount of Loan: The minimum amount of loan provided to the customer is Rs. 15000. In rural areas, the minimum amount can also be less than Rs 10000.
  • Safety of Jewellery: Union Bank of India is accountable for the security of your gold. Thus, the gold is provided fireproof protection.
  • Loan Tenure: The loan is provided for the term from 3 months to 2 years.
  • Benefits for Farmers: Union Bank of India prevails some special offers for agricultural purposes. Low Gold Loan interest rate for agricultural uses are provided.
  • No Debt Burden: If in any situation the applicant is not able to pay the loan amount the applicant will not be under debts. Only the ornaments will be confiscated.
  • No Income bounds: there are no restrictions on the salary of the applicant. Hence, applicants with any income level can avail a gold loan.

How much Gold Loan can I Get through Union Bank of India Gold Loan

Union Bank of India Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

Call on 9878981144 to avail the Best Deals and Offers on Union Bank of India Gold Loan Per Gram.

Union Bank of India Gold Loan Eligibility 

The applicants for Gold Loan are eligible only if they fulfil the following criteria:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Union Bank of India Gold Loan Documents Required

In Union Bank of India Gold Loan minimal documentation is required to easily access to the gold loan. Here are the lists of all the necessary documents:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

Union Bank of India Gold Loan Interest Rate, Fees and Charges

Gold as security is possible at a low-interest rate because it’s under the classification of secured loans. Therefore, the Gold Loan interest rates are more inferior than that of the personal loan or any other type of loans. The Gold Loan rate keeps on changing time to time as well as person to person.

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

About Union Bank of India Gold Loan

Uncertainties are a part of life. Thus, to tackle with all the financial hurdles in your life we all need money. Where Gold Loan plays a vital role to fight with the financial crisis. Gold Loan is a secured loan. People with low CIBIL score can also have easy access to this service.  Union Bank of India Gold Loan is one of the best Gold Loans in India.

Despite, there is a number of financial banking and non-banking companies that avail the gold loan, but Union Bank of India Gold Loan is considered the best. Union Bank of India is well-known for its brilliant financial services, as it is one of the most reputed and dependable banks in India.

  • Union Bank of India Gold Loan Interest Rate is 7.25% per annum
  • Union Bank of India Gold Loan Per Gram is ₹ 5,219
  • Union Bank of India Gold Loan Tenure: Up to 24 months
  • Union Bank of India Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Union Bank of India Gold Loan

Union Bank of India provides different schemes attached to the Gold Loan product. Schemes are as follows:

  • Loan Against Gold- Union Bank of India provides Gold Loan at an appealing rate of interests which can actually fulfil anyone’s direct need of funds for any personal or professional reasons. Gold Loan is completely a secured form of loan where the bank has no risk in the lending amount of money to the loan seeker at a lower rate of interest as compared to the other forms of Loan products.
  • Loan Against Gold for Agriculture- Specifically for agricultural purposes to farmers Union Bank of India Avails Gold Loan at a special rate of interest as compared to the Gold Loans which are provided for other uses. Especially offers avails and the bank need the Land proofs on which basis the loan seekers apply for Loan.

Union Bank of India Gold Loan EMI Calculator

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

How to Pay Your Union Bank of India Gold Loan EMI?

Union Bank of India Gold Advance can be compensated in the different following ways:

  • Standing Instruction (SI): If you are an account holder with Union Bank of India currently, then Standing Instructions is the most opted method of compensation. toward the end of the month period, the EMI amount will be credited from the applicants Union Bank of India account the applicant shows.
  • Electronic Clearing Service (ECS): This scheme is for the applicants who have a  non-Union Bank of India record and the EMIs need to be debited consequently at the end of the month cycle from this account.
  • Post-Dated Checks (PDC): The applicant can present post-dated EMI examine from non-Union Bank of India statement at your nearby Union Bank of India Loan Center. Immediately, the new version of PDCs should be presented. For ideal condition, it’s advised to note Post Dated Checks which will be collected non-ECS states as it were.

Union Bank of India Gold Loan Contact Number

Call at 9878981144 to get instant help and approval for your Union Bank of India Gold Loan. You can know the best offers on Gold Loan available from all the Union Bank of India Branches throughout the country to avail the best deal suitable to your needs.

Gold Ornaments Accepted by Union Bank of India

  • Gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. are all accepted by Union Bank of India for seeking Gold Loan
  • Quality: Tthe quality of Gold should be between 18 to 22 Carat. Any 24 Carat gold ornaments cannot be used to avail a gold loan.

Use of Union Bank of India Gold Loan

The fund that is obtained by Syndicate Bank Gold Loan services can be used for several purposes:

  • Fund for any particular investments such as hiking, matrimony, instalment of higher tuition payments, etc.
  • Loan services are available for marketing requirements like purchasing fresh supply, developing marketing, etc.
  • Additional Gold Loan can also be availed for horizontal ideas. the bank provides a lower rate of interest for Gold Loans that are available for farming or farming-related projects.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%

FAQs About Union Bank Of India Gold Loan

  • What is Union Bank of India Gold Loan?

Union Bank of India Gold Loan is a loan scheme where you can access for any emergency financial help by keeping your gold as a guarantee with the bank. It comes with engaging interest rates on Term Loan, Overdraft and EMI based loan. Average Gold Loan disbursal time is just 45 minutes.

  • How can I get the Gold Loan from the Union Bank of India? 

You can get Union Bank of India Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with LoanNow from anywhere and get the best deals and offers.

  • What is Gold Loan Interest Rate in Union Bank of India?

The Gold Loan interest rate in Union Bank of India is 7.25% per annum. The rate of interest depends on various criteria namely: loan amount, loan tenure, purity of gold etc.

  • How much Gold Loan can I get per gram in Union Bank of India?

The value of per gram Gold Loan purely depends on the purity and quality of the gold. Union Bank of India believes gold purity between 18 to 22 carats to provide a Gold Loan. You can avail up to Rs. 5,219 per gram in Union Bank of India Gold Loan.

  • How to check Gold Loan status in Union Bank of India?

To check the status of Union Bank of India Gold Loan you can visit Union Bank of India Loan Tracker. Fill up your particulars in the provided application. This can easily help you to track the status of your loan from anywhere at any time and keeps you updated.

  • How to calculate Gold Loan Interest in Union Bank of India?

Union Bank of India Gold Loan interest can be calculated using LoanNow’s EMI Calculator. It gives you the accurate details based on the information the applicant enters in the calculator

  • How to Pay Union Bank of India Gold Loan Interest Online?

Union Bank of India Gold Loan interest can be paid through net banking on the official Union Bank of India loan repayment web page or alternatively. Another mode Paytm can also be used to repay Union Bank of India Gold Loan or your preferred payment method.

  • What if I can’t pay the interest on Union Bank of India Gold Loan for 3 months?

If the interest is not paid back for 3 months, then initially a reminder is given for your pending dues. After this, if the payment requests go ignored or unheard then an official legal notice is sent, that demands the repayment and closure of the loan. Such defaults on your Gold Loan ends up in a decrease of your credit score and also make you accountable to face legal actions by the bank which may include confiscation and auction of your gold.

  • How can I apply for EMI Moratorium on Union Bank of India Gold Loan?

You can apply for EMI Moratorium on Union Bank of India Gold Loan between 1st March and 31st August 2020. You can get it done by contacting the Bank Customer Care or visiting the nearby Union Bank of India branch.