City Union Bank Gold Loan Interest Rates

• Loan Minimum: The minimum loan amount begins at INR 5,000.
• Maximum Loan Amount: Since it is a secured loan - the City Union Bank gold loan allows the applicant to receive up to INR 5 Lakhs.
• City Union Bank gold loan rate per gram today: The city Union Bank gold loan per gram rate fluctuates depending on the purity of the gold and market prices, ranging from INR 1755 to 2145.
• Gold Loan Tenure: The City Union Bank gold loan has a maximum 12-month repayment term.
• Interest: The annual MCLR plus 4.75% is the interest rate for the City Union Bank gold loan.
• Storage: After the full loan has been repaid, you can retrieve the gold jewelry you gave the bank as collateral from the bank's safe.

• The age requirement is at least 18.
• Anyone who has gold jewelry, coins, or ornaments that the bank needs to mortgage.
• A person needs a steady income (optional).
• Individuals who hold a current or savings account with the bank (optional).

• Properly completed and signed a gold loan application.
• Two photos the size of a passport.
• Identity documents include a passport, voter ID card, driver's license, PAN card, Aadhar card, and an ID card from a government agency.
• The most recent utility bill, the most recent phone or mobile bill, the most recent credit card statement, and the current house lease agreement are all acceptable forms of identification.
• The most recent pay stub that includes all deductions, Form 16, or the income tax returns for the past two fiscal years serves as proof of income (optional.)

• Loan amounts start at a minimum of Rs. 50,000 and go up from there. Gold loans for rural markets are also offered for less than Rs. 50,000.
• Instant funds: Receive funds immediately against your gold and repay with a value that is reasonable.
• Quick and effective servicing: City Union Bank Gold Loans can be disbursed over the counter in only 60 minutes with little paperwork.
• Low-Interest Rates: The City Union Bank Gold Loan offers reasonable Interest Rates on Term Loans, Overdrafts, and EMI-based Loans. Repay your gold loan over a chosen tenor with simple, cheaper EMIs.
• Complete Transparency: There are no unforeseen costs or fees because loan rates and fees are disclosed upfront in writing along with the quotation.
• In the case of a Gold Loan Foreclosure (before the tenure), City Union Bank permits a borrower to receive.50% of the principal amount.
• You don't need to be concerned about the safety or security of your gold because any gold given over to the bank as collateral is kept safely in a locker.

A few plans provided by City Union Bank that are related to the Gold Loan item are listed below-

Fulfilling a person's need for possessions for any reason - personal or professional - is essential. City Union Bank offers Gold Loans at Exciting Steps.

The gold credit score is confirmed regarding the type of loans, and since the bank has no risk in giving the applicant the entire amount, it is granted at a slower phase of approval when relating to specific types of Loan items.

City Union Bank offers gold loans to farmers and ranchers at a previously unheard-of stage of the pastime in relation to gold loans offered for unique opportunities. They receive numerous bids, and you must present the bank with property proof at the time you accept the loan.

Gold loans for consumption are authorized to cover unforeseen costs, contingencies, medical treatment costs, wedding and other ceremony costs, expenses, as well as needs for education, businesses, etc.