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.
.png)
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