Union Bank of India -
Gold Loan

Bank Profile and Loan Eligibility

  • Union Bank of India is a public sector bank. 

  • It is listed on BSE and NSE.

  • It was incorporated in 1919. 

  • It is headquartered in Mumbai. 

  • Loans can be granted against gold ornaments/jewelry and specially minted pure gold coins sold by banks.

  • Applicant should be above 18.

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Unique Features

Rate of intereest is 8.25% (MCLR +1%). Lowest rate offered by a public sector bank.

 Maximum loan upto INR 25.00 Lakh

Loan upto 75% of the appraised value of Gold Ornaments of 22 carat fineness

Term loan can be availed for