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


Interest Rates for this Loan:

a) Gold/Silver Loans for Agricultural purposes

Gold / Silver Loansextended as Crop Loans upto Credit Limit of Rs. 3.00 lacs, under Interest Subvention Scheme 7.00%

Upto Rs 2 lacs MCLR+ 1.40%

Above Rs 2 lacs Upto Rs 5 lacs MCLR+ 2.15%

Above Rs 5 lacs MCLR+ 2.40%

b) Gold Loan under other Priority sector ( other than agriculture) MCLR+1.65%

c) Gold– Non Priority Sector

- Up-to Rs.25,000/- MCLR+1.65%

- Above Rs.25,000 MCLR+ 2.40%


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