Union Bank of India Gold Loan Scheme

• Union Krishi Kamdhenu Gold Loan Scheme

This loan is granted against gold to finance activities related to agricultural and allied activities. This also includes activities related to food and agro processing. Gold loans of up to ₹5 Lakhs can be availed under this scheme.

• Union Gold Loan-Agriculture

Under this scheme, you can take a loan to finance your agricultural expenses. These expenses may be related to crop production or allied agricultural activities.  You can get a gold loan of up to ₹100 Lakhs under this scheme.

• Union Gold Loan -MSME

Under this scheme, you will be eligible to get a gold loan if your business is listed under the priority sector. You may use your loan amount to fund day to day working capital requirements of your business unit, petty trade and other business activities. Gold loans of up to ₹100 Lakhs can be availed under this scheme.

• Union Gold Loan-Retail

Under the Union Gold Loan-Retail scheme, gold loans are given out for consumption purposes and/or to manage unforeseen expenses and contingencies such as marriage expenses, medical treatment expenses, education expenses and business expenses. Gold loans of up to ₹50 Lakhs can be availed under this scheme.

• Union Swarna Shakti Loan Scheme-Retail

This is a special scheme that helps customers finance their education expenses (including vocational training) and construction as well as purchase of dwelling units. Gold loans of up to ₹20 Lakhs can be availed under the Union Swarna Shakti Loan Scheme-Retail scheme. 

• Union MSME Gold Loan Plus

The Union MSME Gold Loan Plus helps business owners finance their MSME units. This includes MSMEs engaged in trading, manufacturing and services sectors. You may use this loan amount to fund petty trade, working capital needs, business expansion costs, etc. 

• Union Secured Overdraft Gold Loan

The Union Secured Overdraft Gold Loan is a special overdraft facility that can be used to fund agricultural and related activities, consumption and contingency expenses, and business activities. Gold loans of up to ₹50 Lakhs can be availed under this scheme.

• Any individual whose identity is verifiable using government documents such as ration card, identity card, passport, Aadhaar Card, PAN card and other such documents. 

• Customers should be KYC/AML compliant. 

The documents required to apply for a Union Bank of India gold loan are as follows: 

• Identity proof - accepted documents include ration card, identity card, passport, Aadhaar Card, PAN card

• Application form duly filled by the applicant

• Photographs of the applicant

• Address proof - accepted documents include ration card, identity card, passport, Aadhaar Card, PAN card

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