United Bank of India Gold Loan

Gold Loan @ 7.10%

Apply & Get Instant Money

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

Advantages of United Bank Of India Gold Loan:

  • Fast Process- United Bank of India Gold Loan is sanctioned and distributed quickly with ease. The process takes 60 minutes to pass the credit.
  • Fewer Documents: The inside work has a procedure and it is straightforward and less, significant documents are recommended for the United Bank of India Gold Loan.
  • Clear and Direct System: The bank has a liable system for the customers; that is, there are no take over of hidden money.
  • The magnitude of Loan: The amount of loan that the United Bank of India distributes to the customers is Rs. 15000. Additionally, it gets down to Rs 10000 in rural areas.
  • The welfare of Jewellery: The critical point to note down is that the United Bank of India is responsible for the security of your gold. Thus, the gold is kept in fire-resistant protection.
  • Duration of Service: The tenure for an availing loan can be from 3 months to 2 years. Hence, You can choose according to your pleasure.
  • Advantages for Farmers: United Bank of India provides phenomenal offers for agricultural purposes. That is, the bank offers the slightest of Gold loan interest rate for horticultural thoughts.
  • No Debt Burden: There occur some unwanted situations when an applicant is not able to repay the loan amount, in such sides, the applicant will not be under any obligations as the bank will just seize the assets.
  • No Income bounds: There will be no limitations over the salary or income of the applicant; anybody can avail of the gold loan at any time.

How Much Gold Loan can I Get through United Bank of India Gold Loan:

United Bank of India Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

United Bank of India Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

United Bank of India Gold Loan Documents Required:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

United Bank of India Gold Loan Interest Rate, Fees, and Charges:

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

 

About the United Bank of India Gold Loan?

Nonetheless, there are many banking and non-banking organizations that stand at the top fore their best customer service yet the United Bank of India is completely different from other groups of loans as it offers the loan at least interest rate with a simple documentation process. United Bank of India is a loaning scheme in which individual collateral their gold with the bank in search of money to satisfy their requirements.

  • United Bank of India Gold Loan Interest Rate is 7.0% per annum
  • United Bank of India  Gold Loan Per Gram is ₹ 5,268
  • United Bank of India Gold Loan Tenure: Up to 24 months
  • United Bank of India Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of United Bank of India Gold Loan:

  • Loan Against Gold – United Bank of India grants Gold Loan at engaging rates of interest to fulfill the applicant’s dire needs and also makes good use of gold. The gold loan is no doubt a trusted loaning policy, hence, the bank has certainty in lending the sum to the candidate because it is provided at a lower borrowing rate connected to other types of loan products.
  • Loan Against Gold for Agriculture – United Bank of India gives Gold Loans categorically for the work associated with cultivation, production, and farming. They are given inclusive offers and for which you have to turn out to the bank with land evidence for which you are taking credit.

United Bank of India Gold Loan EMI Calculator:

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your United Bank of India Gold Loan EMI?

Your United Bank of India gold loan will be compensated in the three different ways:

  • Standing Instruction (SI): Supposing you are a current account holder with the United Bank of India, Standing Instruction is the remarkably trustworthy and dependable process of repayment. Monthly, your EMI account will be credited from this record.
  • Electronic Clearing Service (ECS): This policy can be studied if you have a non-United Bank of India record and you probably need your EMI to be debited from the account of the United Bank of India.
  • Post-Dated Checks (PDC): You can submit your post-dated EMIs in the nearest loan of the United Bank of India. Also, new PCDs should be presented immediately.

United Bank of India Gold Loan Contact Number:

Call 9878981144 for quick consent and inquisition regarding the United Bank of India Gold Loan.

Gold Ornaments Accepted by United Bank of India:

  • Gold Jewelry- Any gold items such as Gold bangles, Gold necklaces can be given to the United Bank of India.
  • Quality- Gold Ornaments you pledge for availing gold loan should be of pure gold and should be of value lying between 18-22 carat.

Uses of United Bank of India Gold Loan:

The funds acquired by availing the United Bank of India Gold Loan service will be of use for various other purposes-

  • For funding individual and expert needs such as matrimony, higher education.
  • For all your retailing, selling demands of business such as ordering raw material, augmentation of business, etc.
  •  You can also avail of a loan for farming purposes that helps the cultivators to achieve their targets on time.

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%

 

FAQs About United Bank of India Gold Loan:

  • What is the United Bank of India Gold Loan?

United Bank of India Gold Loan provides you the loan in a return of your gold ornaments. It comes with an appealing rate of interest, it offers such good financing services to help the people who need money to satisfy their demands.

  • How can I get the Gold Loan from the United Bank of India?

There are two methods of getting your loan from the United Bank of India, either you choose the online method by visiting the MagicLoans site or you can visit the nearest branch of the United Bank of India.

  • What is the Gold Loan Interest Rate in the United Bank of India?

The Gold Loan Interest Rate in the United Bank of India is 7.10% per annum.

  • How much Gold Loan can I get per gram in the United Bank of India?

Gold Loan per gram in the United Bank of India is Rs. 5,255.

  • How to check Gold Loan status in the United Bank of India?

You can visit the tracker webpage and fill in the details or you can contact the loan service department in your nearest United Bank of India branch.

  • How to calculate Gold Loan Interest in the United Bank of India?

Use the EMI calculator to calculate gold loan interest in the United  Bank of India.

  • How to Pay the United Bank of India Gold Loan Interest Online?

Gold loan interest can be paid by using any of the online payment methods that can be Paytm. Likewise, you go for net banking.

  • What if I can’t pay the interest on the United Bank of India Gold loan for 3 months?

If the applicant is unable to pay the interest for 3 months then after warning them formerly, the legitimate actions will be taken over them by the United  Bank of India.

  • How can I apply for EMI Moratorium on the United Bank of India Gold Loan?

You can apply for EMI Moratorium by visiting the nearest the United Bank of India branch between the 1st of March to 31st of August.