Union Bank of India Gold Loan Interest Rates

• The Union Bank of India gold loan provides consumers with a practical solution to meet all kinds of personal needs, including weddings, education, and business expansion.
• The maximum loan amount for a Union Bank of India gold loan is INR 20 lakhs because it is a secured loan.
• Union Bank of India gold loan interest rate: The interest rate for a gold loan from Union Bank of India is one-year MCLR plus 8.40%.
• Union Bank gold loan rate per gram today: The gold loan amount per gram fluctuates depending on the purity of the gold and market prices, ranging from INR 1755 to 2145.
• 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.

• Union Bank of India's gold loan is quickly approved and paid out. Within an hour, the loan is made.
• Only necessary documents are needed for the Union Bank of India Gold Loan, as the documentation process is simple.
• No Debt Burden: The applicant won't have any debts if there is ever a time when they are unable to repay the loan amount. Only the decorations themselves will be seized.
• No Income Limits: The applicant's salary is not constrained in any way. Therefore, gold loans are available to individuals of any income level.
• Clearly Visible System, The customer, receives complete transparency, and there are no additional fees.
• Farmers benefit from the Union Bank of India's specific deals for agricultural use. Low-interest rates on gold loans are offered for agricultural purposes.
• Loan Amount: The consumer will receive a minimum loan of Rs. 15000. The minimum can potentially be less than Rs 10,000 in rural regions.
• The Union Bank of India is responsible for the security of your jewelry. As a result, the gold is protected from fire.
• Loan Term: Borrowers may take out loans for terms ranging from three months to two years.

The borrower is required to possess gold in any form, including jewelry, accessories, etc.

When applying for a gold loan from Union Bank of India, the following documents are needed.

• The applicant filled out the application form completely.
• Images of the applicant.
• Voter ID cards, passports, driver's licenses, and UIDAI-issued Aadhaar cards are all acceptable forms of identification.
• Voter ID cards, passports, driver's licenses, and UIDAI-provided Aadhaar cards are all acceptable forms of address verification.

You can bring your gold to the nearest Union Bank office, ask for a loan, and receive the loan amount within an hour of the verification process being completed. You can apply online from the comfort of your home, and bank representatives will come to your home to do a valuation before processing and disbursing the loan to your account right away following approval.