The Union Bank of India offers gold loans for various purposes, including your personal needs, agriculture, MSMEs, and more. You can get instant funds by providing your gold assets as collateral. A higher value of assets can give you a higher loan and vice-versa.
Here is an overview:
For 22K Gold: Up to ₹1 Crore
For Hallmarked 18K or 22K Gold: Up to ₹5 Lakhs
Starting from 8.70% p.a.
Up to 12 months
Disclaimer: The loan details provided above, may change depending on the bank’s policies.
Opt for this secured loan at affordable rates starting from 8.70% p.a.
The following are the Union Bank of India Gold Loan eligibility criteria you need to meet:
The gold assets in the form of jewellery, ornaments, and coins
The total weight of the coin must not be over 50 grams
Pawnshop owners and Union Bank of India staff are not eligible to avail of certain gold loan schemes
Following are some of the documents required:
Proof of residence
Follow these simple steps:
Visit the official website of the Union Bank of India
Click on the ‘Products’ category and choose the ‘Loans’ option
Go to the ‘Gold Loan’ option and click on ‘Apply Now’
Choose the ‘Apply Now’ option once redirected to a new page
Enter the required information and agree to the terms and conditions
Click on the ‘Submit’ button to complete the process
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The repayment tenure of a gold loan from Union Bank of India can extend up to 12 months.
Yes, you can get a gold loan from the Union Bank of India if the purity of pledged assets is less than 22K. However, the loan amount you can get will be restricted to ₹5 Lakhs.
Yes, you can jointly apply for a gold loan from the Union Bank of India.
The interest rates start from 8.70% p.a.