Hello sir is there any one can provide me detail for Gold Loan Interest Rate in Union Bank of India? I want to know the interest rate for gold loan in Union Bank of India?

Union Bank of India offers a range of credit cards with superlative privileges ranging from shopping, dining, ticket bookings, travel, entertainment and much more.

Union Bank of India credit cards are offered in multiple variants like Gold, Classic and Silver.

Union 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 -- Need based /Project based.
Consumption loan -- Up to Rs.2, 000/-.
Non-priority sector -Up to Rs.4.00 lakh Sanctioned by Branch Head as per their delegated power and maximum up to Rs.10.00 lakh sanctioned by RLCC

Lending Rate:-

The lending rate of the Union Gold scheme is Rs.1800 per gram of gold ornaments of 22 carats or 80% of appraised value of gold, whichever is less, subject to periodical revision by the Bank on the basis of gold price.

Gold loan interest rates:

Gold/Silver Loans Base Rate- 9.65% w.e.f.05.10.2015%

Gold/Silver Loans for Agricultural purposes

Gold / Silver Loans extended as Crop Loans up to Credit Limit of Rs. 3.00 lacs,
under Interest Subvention Scheme
7.00% p.a. (Refer IC No. 9421 dated 18.10.2012))

Upto Rs 2 lacs Base Rate+ 1.25% i.e. 10.90%

Above Rs 2 lacs Upto Rs 5 lacs Base Rate+ 2.00% i.e. 11.65%

Above Rs 5 lacs Base Rate+ 2.25% i.e. 11.90%

Gold Loan under other Priority sector ( other than agriculture)
Base Rate+1.50% i.e. 11.15%

Gold– Non Priority Sector:
- Up-to Rs.25,000/- Base Rate+1.50% i.e. 11.15%i.e. 11.15% 4.3.1

- Above Rs.25,000 Base Rate+ 2.25%
i.e. 11.90%


Interest Rate in Union Bank of India