Gold Loan In Union Bank Of India

I want to apply for Union Gold Loan in Union Bank of India so can you please provide me the details of loan?

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

Union Gold Loan

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

Documents required-

D.P. Note
Pledge of Gold ornaments.
Appraisers� valuation report.
Letter of Continuity in case of CC/Overdraft facility.

Customer service: 1800 22 2244

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Answered By StudyChaCha Member