United Bank of India Gold Loan

Gold Loan at 7.10%* p.m.

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United Bank of India Gold Loan Key Features – Apply Now!

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

About United Bank of India Gold Loan?

United Bank of India is owned by Indian government. It’s headquartered in Kolkata, India. Currently the bank has a three-tier organisational setup consisting of its head office in Kolkata, 36 regional offices and 2054 branches spread all over India. Basically, its main function  is in Eastern India.

What is Gold Loan?

Gold Loan refers to that type of the loan which applicants can apply easily from the bank . all you have to do is to keep your gold with the bank as the collateral security.  Gold must be present in the form of ornaments, which means that no gold biscuits or coins are accepted.

United Bank of India Gold Loan Interest Rates:

7.10% is the minimum annual rate of interest you can expect on gold loans. If you calculate the monthly interest rate will come less than 1%. Thus, making it the lowest interest rate loaning scheme. Also, it comes with foreclosure facility meaning you can close your Loan before time and skip the pending Emi’s and their respective interest rate amount. The foreclosure charges range from 0-3% of the total loan amount.

Eligibility criteria  United Bank of India Gold Loan:

  1. The age of the applicant should be more than 18 years.
  2. Also, the maximum period of the applicant can be 65 years.
  3. Furthermore, the applicant must be a citizen of India.
  4. Beside that applicant should have gold more than 10 grams.

Documentation required for United Bank of India Gold Loan:

  1. Residence proof: the documents required for the residence proof includes:(passport/ID card/ Voter card/ aadhar card/ration/card/driving license) and if the applicants are living in rental apartments then has to submit his agreement, electricity bill on his name and address of the owner.
  2. Identity proof: verification documents especially require one among the following:( passport/ID card/ Voter card/ aadhar card/ration/card/driving license) any one of them..
  3. Two colored passport size photos: (Applicants should not wear any glasses)
  4. Signature Proof: Passport Copy/Driving License/Banker’s verification/cheque.

Why should one choose United Bank of India Gold Loan:

  1. You can apply the gold loan for a short period of the time generally from 6 to 12 months.
  2. Gold loan is the best Loan option for all of the unfortunate credit individuals.
  3. Available at low-interest rates.
  4. You need to pay the interest rate, and no EMI’s are involved.

Advantages of  taking United Bank of India Gold Loan:

  1. You get 100% Safety & Security of your collateral gold material
  2. It requires Simple documentation, and it is fast processing gold loan
  3. The rate of interest is payable only if the amount of overdraft that you use.
  4. Overdraft limit varies depending on the current situation of the scale of gold in the market.
  5. You can close your Loan before time and save a few bucks.

How to apply on magic loans.in?

  1. Search for magicloans.in on Google.
  2. First of all, a form will open up.
  3. After that, fill the way with the required information.
  4. Besides, you will get information furthermore from us.

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%