Can you tell me in detail about the Gold Loan facility offered by UBI (Union Bank of India) for its customers for Agriculture purpose?

Union Bank of India Gold Loan provides alternate source of credit to needy farmers as well as individuals.

Eligibility:-
All individuals are eligible to avail loan under this scheme.

Quantum of loan:-
Priority sector: Maximum up to Rs.20.00 lacs
Non-Priority Sector: Maximum up to Rs.10.00 lacs

Lending Rate:-

Assessment of Loan Amount
Loan amount requested by Applicant/ assessed amount on declaration/ 75% of the appraised value of Gold Ornaments of 22 carat fineness/ Loan amount assessed based on scale of finance for production/ actual amount of credit requirement for other than crop production, as the case may be (whichever is lower).

Rate of Interest:-
F-1 Agriculture & Allied Agricultural Activity (e.g. Dairy, Poultry, Piggery, Fisheries etc)
Loans upto Rs 50000/- MCLR+ 0.10%
Loans above Rs 50000/- upto Rs 2.00 lacs MCLR+ 0.65%
Loans above Rs 2.00 lacs to Rs 5.00 lacs MCLR+ 1.90%
Loans above Rs 5.00 lacs to Rs 25.00 lacs MCLR+ 2.65%
Loans above Rs 25.00 lacs to Rs 1 crore MCLR+ 2.90%
Loans above Rs. 1 crore As per Master Tables A & B


Union Bank of India Agriculture Gold Loan Rate of Interest