✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now

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.

Key Highlights of the Union Bank of India Gold Loan

Here is an overview:

Loan Amount

For 22K Gold: Up to ₹1 Crore

For Hallmarked 18K or 22K Gold: Up to ₹5 Lakhs

Interest Rate

Starting from 8.70% p.a.

Repayment Tenure

Up to 12 months

Disclaimer: The loan details provided above, may change depending on the bank’s policies.

Features and Benefits

The following are some of the pros of availing of a Union Bank of India Gold Loan:

No Restricted Usage

You can use this loan for a variety of personal and professional purposes like managing unexpected expenses, meeting educational costs, financing marriage requirements, and more

Convenient Option

Submit minimal documentation and get a gold loan effortlessly

Low-interest Rates

Opt for this secured loan at affordable rates starting from 8.70% p.a.

High LTV Ratio

You can get a high loan-to-value ratio of up to 80% with these loans

Eligibility Criteria & Documents Required

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:

  • Identity proof

  • Proof of residence 

How to Apply for the Union Bank of India Gold Loan

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

How to Apply for home loan


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 The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the Union Bank of India Gold Loan

What is the repayment tenure of the Union Bank of India Gold Loan?

The repayment tenure of a gold loan from Union Bank of India can extend up to 12 months.

Can I put gold assets of less than 22K as collateral to avail of a gold loan?

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.

Can I jointly apply for a Union Bank Gold Loan?

Yes, you can jointly apply for a gold loan from the Union Bank of India. 

What is the gold loan interest rate of the Union Bank of India?

The interest rates start from 8.70% p.a.

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