As you asking I am telling Union Bank Of India grant Gold Loan To meet working capital requirements and /or purchase of equipments for development of shop and / or meet personal / consumption expenditures (like marriage /medical/ educational needs etc.) and to be extended in the form of (i) term loan and/ or (ii) OD facility .

No advance shall be granted (i) for speculative purpose and investment in capital market instruments and (ii) to persons engaged in gold / jewel manufacturing.

Quantum of loan: Minimum :

Rs.25000/-; Maximum : Rs.10,00,000/- per borrower /entity.
Subject to maximum permissible limit to be assessed on the basis of value of per gram of gold/ gold jewellery . No advance should be granted against security of primary gold i.e. 24 carat gold bars and biscuits except specially minted gold coins sold by Banks.

Loan can be given only against gold ornaments and specially minted gold coins sold by banks

Quantum of Finance per gram (jewellery)

Carats
Non Hall Marked
Hallmarked

22 Cts
Rs. 1400/- p er gram
Rs. 1600/- per gram

21 Cts
Rs. 1300/- per gram
Rs 1500/-per gram

Eligibility:-

All individuals are eligible to avail loan under this scheme.