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.
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