UCO Bank Gold Loan

Gold Loan at 7.10%* p.m.

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UCO Bank Gold Loan Key Features – Apply Now!

UCO Bank Gold Loan Interest Rate 7.10% per annum
UCO Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
UCO Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
UCO Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
UCO Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
UCO Bank Gold Loan Repayment Tenure 3 Months to 24 Months
UCO Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About UCO Bank Gold Loan

Looking for financial help? apply now and get gold loan easily and quickly. Attractive interest rates are available. Instant approval and quick disbursement. Apply now and fulfill your financial need in just one click.

What is UCO Bank Gold Loan?

UCO Bank was established in 1943 in Kolkata is a government-owned bank and is one of the largest public-serving banks in the country. As per the reports of 2014 by Brand Trust report, UCO Bank was ranked at 294 within India. The gold loan has served as a major instrument for the bank to earn their income from. Gold Loan is a type of loan through which an applicant can have access to easy loans by just depositing their gold for a mortgage. 

UCO Bank Gold Loan Interest RateUCO Bank Gold Loan

  1. Generally, the gold loan is available at the interest rate of 7.10% to 14.5%
  2. ROI for tenure less than 1 year is also available at 1%
  3. Processing fees equal to 2000
  4. The borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay the complete borrowed amount in a single shot

Advantages of taking a Gold loan

  1. First of all, UCO Bank doesn’t accept gold in the form of gold bars, and gold coins.
  2. The starting amount that can be provided to the customers is Rs. 1500 here and it can be extended up to one Crore.
  3. Time for the disbursal of the loan is very less here. Therefore you will be able to get the amount of loan in your account within a few minutes.
  4. UCO Bank provides very tight security to the gold assets provided by the customers. So the customer’s gold is kept under three-layer security. So there is no risk.
  5. Most noteworthy is that there are no charges for closure.
  6. UCO Bank provides the facility of prepayment also, there are no penalty charges for this.
  7. The customer can return the loan amount from 1 day to 36 months.
  8. 1% of the loan amount is charged as the processing fees. Most importantly there are no prepayment or part payment charges.
  9. Besides that, service tax and other governmental tax charges will be applied.

UCO Bank Gold Loan Eligibility

  1. There are some conditions that the applicant should fulfill to get a UCO Bank Gold Loan
  2. First of all, the age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
  3. Besides that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
  4. After that, the applicant should have gold in the form of jewelry. But the purity of the gold should be 18 karats to 22 karats.

UCO Bank Gold Loan Documentations

The process of documentation is very easy and simple.

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them.
  2. 3 passport size photos
  3. A passport is can be an ID proof because a passport has a name, age, address, and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately.
  4. Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  5. Driving license can also be a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer.
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number and it prevents the financial frauds. So it can be an identity/residence proof. Pan Card is a very essential document under KYC (know your customer) formality.
  8. Ration card also can be a residence proof because it provides enough information about the applicant.

Know about the terms and conditions

  1. Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
  2. Foreclosure charges can be up to 1%.
  3. The minimum loan tenure is 6 Months. So foreclosure charges after 6 months are 0.
  4. Charges for late payment of Loan Amount
  5. 2% p.a. as penal interest over and above the applicable rate of interest.

Why Magicloans.in is an excellent platform to apply for a loan?

Here, we are to provide you with the loans, and here we are to offer loans and tell you why Magicloans.in is better than other websites.

Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  1. To begin with, you will enjoy many benefits if you decide to take your personal loan from us
  2. After that, you have to fill the personal Loan form, and you will receive a call from our relationship manager.
  3. Besides this, more concessional rates will be provided to you besides all of the other facilities.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.

Features

  1. First of all, Know your Personal loan eligibility in 1 minute, available online, and across all branches.
  2. After that, Highly competitive interest rates for personal loans.
  3. Besides that, Special offers, interest rates, and nominal charges for Karur Vysya Bank account holders.
  4. And Special personal loan offers* for women employees.

Benefits

  1. First of all, Simple documentation
  2. After that, Competitive pricing
  3. Besides that, personal loan disbursal is very quick.
  4. And Transparent procedure
  5. Personal loans are available for Marriage and other Personal Needs.

How to Apply on magicloans.in?

  1. To begin with, you have to look up for magicloans.in on google.
  2. Thereafter, a form will open up and you have to fill-up the form with the appropriate information.
  3. You will get more information from us following that.
  4. Search for magicloans.in on google

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%