Union Bank of India Gold Loan

Gold Loan at 7.10%* p.m.

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Union Bank of India Gold Loan Key Features

Union Bank of India Gold Loan Interest Rate 7.15% per annum
Union Bank of India Gold Loan Per Gram Rate Per Gram Today is ₹ 5,293
Union Bank of India Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Union Bank of India Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Union Bank of India Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Union Bank of India Gold Loan Repayment Tenure 3 Months to 24 Months
Union Bank of India Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About Union Bank of India Gold Loan 

Union Bank of India provides a gold loan under the scheme Union Gold Loan. This bank was founded on 11th November 1919. This bank is serving people for 98 years. Furthermore, the bank is owned by the government of India. Union Bank of India gives its services overseas also. Most importantly this bank is inaugurated by the Mahatma Gandhi. Bank provides so many financial products to customers like personal loans, home loans, car loans, gold loans, credit cards, banking, etc. But the gold loan is the most popular product given by the bank. The process to apply for a gold loan is very easy and quick. You can apply for a Union Bank of India gold loan by your mobile right now without going to the bank.

What Is A Gold Loan?

A gold loan is a financial product provided by the banks to its customers. In this type of loan, you can have a loan against your gold jewelry. There is nothing to worry about even if you are not employed. The gold loan doesn’t require the customer to be salaried or self-employed. Anybody can have a gold loan if he/she has the gold of given purity. Union Bank of India provides a Gold loan under the Union Gold Loan scheme. Bank will take care of all the gold/jewelry and it will return back to you whenever you will pay back that particular amount of loan with interest to the bank.

Goals of Union Bank of IndiaUnion Bank of India Gold Loan

  1. Bank wants to accomplish a very good relationship with the customers and wants to be a customer-centric organization.
  2. Bank wants to provide a wide range of products to its customers so that they do not need to go anywhere for financial services.
  3. To be the most trustworthy and reliable organization among the customers is the goal of the bank.
  4. The organization wants to be on number one among all the financial organizations and to provide the best services to their customers.
  5. Bank wants to provide almost all its services online for the convenience of the customer.

Eligibility criteria

  1. There are some conditions that the applicant should fulfill to get a gold loan. These are written below
  2. First of all, the age of the applicant should be more than 18 years.
  3. After that, the applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 22 karats.
  4. Hence, all the candidates who satisfy these eligibility criteria are eligible to Union Gold Loan.

Low-Interest Rates

  1. Interest rates offered by the bank to the customers are comparatively very low. It starts at 10.49%.
  2. It can be varied a little bit up and down.
  3. The amount of loan provided by the bank can be up to 20 Lakhs.
  4. The amount of loan provided will be 75% of the value of your gold.

Union Bank of India Gold Loan Documents Required

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 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.
  9. A signature proof is also required to get a Union Bank Gold Loan.

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.

Union Bank of India Gold Loan 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.

Union Bank of India Gold Loan 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%