United Bank of India Gold Loan

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

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

United Bank of India Gold Loan Eligibility:

United Bank of India Gold Loan Documents Required:

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

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:

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

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.