City Union Bank Gold Loan

City Union Bank Gold Loan

City Union Bank Gold Loan Key Features – Apply Now

City Union Bank Gold Loan Interest Rate Starting 7% per annum
City Union Bank Gold Loan Per Gram Rate Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
City Union Bank Gold Requirement Minimum 18 Carat
City Union Bank Gold Loan Processing Fee 1% of the Principal Loan Amount
City Union Bank Minimum Loan Amount 90% LTV on Your Gold Market Price
City Union Bank Maximum Loan Amount Up to Rs. 1 Crore (With Income Proof)
City Union Bank Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
City Union Bank Repayment Tenure 6 Months to 12 Months
City Union Bank Gold Loan Schemes Bullet Payment Scheme, EMI Scheme

City Union Bank issues a Gold Loan per gram rate of ₹ 2,506 to ₹ 4,621 in line with the current gold rate. The best City Union Bank Gold Loan Rate per gram is ₹ 4,621 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 4,621.


gold loan

Introduction to City Union Bank Gold Loan

Gold loans from City Union Bank can be the easiest and fastest way to secure funds for urgent needs at competitive interest rates. With limited paperwork and safe storage, a gold loan from City Union Bank is a feasible choice for swift financing. The money obtained from a gold loan can be used for weddings, college, company development, and other related endeavours.


gold loan

City Union Bank Gold Loan Explanation

City Union Bank gold loan can be availed to meet an urgent need for cash by pledging one’s gold ornaments or gold coins as collateral. A Gold loan is one of the quickest and easiest ways of borrowing money and can be availed by any existing customer of the City Union Bank as well as new borrowers. With City Union Bank, you will not only be able to avail of the gold loan easily but it will also be at a competitive interest rate.


gold loan

City Union Bank Gold Loan Comparison With Other Banks

Particulars City Union Bank SBI HDFC Bank
Interest Rate 7% per annum 7% per annum 9.90% – 17.55%
Processing Fees Up to 1% of the loan amount 0.50% of the loan amount, minimum Rs. 500 1.50% of the loan amount
Loan Tenure 6 months to 12 months 3 months to 36 months 3 months to 24 months
Loan Amount Up to ₹ 1 crore ₹ 20,000 to ₹ 20 Lakh ₹ 25,000 to ₹ 50 Lakh
Foreclosure Charges 2%+GST (Within 3 Months), 0 (After 3 months) Nil Nil after 3 months
Repayment Options Y Y Y
Lowest EMI Per Lakh ₹ 5,121 per lakh ₹ 3,111 per lakh ₹ 4,610 per lakh

gold loan

City Union Bank Gold loan Details 

Interest Rate One-year MCLR + 4.75%
Eligibility Any creditworthy individual
Loan Amount Minimum of INR 5,000 and maximum of INR 5 lakhs
Loan tenure Up to 12 months

At favourable interest rates, City Union Bank provides a loan against gold. City Union Bank, as one of the largest gold loan suppliers, knows the needs of its customers and disburses the loan balance within an hour. You may not need to be concerned about the protection of the gold pledged because it is properly stored in a bank locker. Before the loan sum is sanctioned, you are informed of the gold prices and all other charges in a straightforward way. As a result, you do not have to be concerned about the gold loan’s undisclosed costs and fees.


gold loan

Benefits of Gold Loan 

The protocol for obtaining a gold loan differs from one lender to the next. The concept of a gold loan is straightforward: you pledge your gold items and receive the loan balance in exchange. To do so, take the gold you want to pledge and the necessary documentation to a lending institution. The lender tests the purity of the gold and determines its weight before determining its market value. The certificates are checked after the worth of the pledged gold is determined. Your lender will accept your loan until everything seems to be in order and promising.

  • Faster handling – Since gold loans are guaranteed loans, they have fewer eligibility requirements and needless paperwork.
  • Lower interest rate – Gold loans, which are guaranteed loans, have a lower interest rate than unsecured loans or personal loans.
  • Gold loans of up to 80% of the calculated value of the pledged gold will be authorized. 

gold loan

Tips To Get Gold Loan From City Union Bank Fast

  • City Union Bank accepts both hallmarked and non-hallmarked jewellery in exchange for money. However, you can get the highest gold loan per gram for any hallmark jewellery, because it reduces the chances of under-valuation by the valuer.
  • City Union Bank can adjust the price of 22-carat gold for the purity of gold. Therefore, one should also try to borrow against jewellery of higher purity because it fetches the highest amount for a gold loan.
  • City Union Bank will calculate the net weight of the jewellery to calculate the amount of loan against the gold you can get. You can always try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. But City Union Bank will rely on the report of its gold valuer to calculate the net weight. Higher the weight of gems and stones in jewellery, lower the net weight and value of jewellery which results in a lower amount of jewel loan you can are eligible to get.

gold loan

Advantages Of City Union Bank (CUB) Gold Loan

City Union Bank Gold Loan

  1. Loan amount from Rs.50,000 onwards- Minimum of Rs.50,000/- onwards Gold Loans for less than Rs 50000/- also available for rural markets
  2. Instant funds– Get funds instantly against your gold, and repay with affordable value.
  3. Low-Interest Rates– City Union Bank Gold Loan comes with competitive Interest Rates on Term Loans, Overdraft, and EMI based loans. Repay your gold loan in easy lower EMIs, over a tenor of your choice.
  4. Collateral Held securely– Any gold surrendered to the bank as collateral is kept safely in a locker, so you don’t have to worry about the safety or security of your gold.
  5. Quick and Efficient Servicing– City Union Bank Gold Loan is Over counter disbursement in just 60 minutes with minimal documentation
  6. Complete Transparency– Loan rates and charges are communicated up front in writing, along with the quotation, so you don’t have to worry about any hidden costs or fees.
  7. Foreclosure: City Union Bank enables a borrower to .50% on the key phenomenal if there should be an occasion of a Gold Loan Foreclosure.

gold loan

How Much Gold Loan Can I Get Through City Union Bank (CUB) Gold Loan?

Considering the latest gold prices, CUB is offering gold loans per gram at ₹ 3,506 to ₹ 4,621. The highest gold loan rate per gram of CUB today is ₹ 3,506 to ₹ 4,621 for 24-carat jewellery calculated at a maximum LTV of 75% and average gold loan prices of the last 30 days in 2021 are ₹ 3,506 to ₹ 4,621 for 22 carats.


gold loan

City Union Bank Gold Loan Per Gram-Update Jan 18 2022

Updated - Gold Loan Per Gram Rate w.e.f Jan 18 2022

Gold Weight Gold Purity
24 Carat
Gold Purity
22 Carat
Gold Purity
20 Carat
Gold Purity
18 Carat
1 gram 4621 4290 3900 3510
10 gram 46210 42900 39000 35100
20 gram 93600 85800 78000 70200
30 gram 140400 128700 117000 105300
40 gram 187200 171600 156000 140400
50 gram 234000 214500 195000 175500
100 gram 468000 429000 390000 351000
200 gram 936000 858000 780000 702000
300 gram 1404000 1287000 1170000 1053000
400 gram 1872000 1716000 1560000 1404000
500 gram 2340000 2145000 1950000 1755000

gold loan

City Union Bank Gold Loan Eligibility 

Gold Loan is a financial product provided by the City Union Bank which caters to your needs of short term or long term funds. It is easy to avail of financial services provided by banks at low rates of interest and also requires minimal documentation for the same. City Union Bank gives you the Loan amount within an hour of application as the valuation and approval process is quickly done keeping in mind your urgency regarding the need for funds.


gold loan

Major Eligibility Criteria For Availing Of The City Union Bank Gold Loan Is:

Age 18-75 years
Requirements Gold ornaments (18-22 carats)
CIBIL score Above 500
Nationality Indian


gold loan

City Union Bank Gold (CUB) Loan Documents Required

Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the City Union Bank wherein funds are provided for fulfilling the financial needs of the applicant. The gold ornaments of the applicant are kept as security by the bank in exchange for the funds. The entire City Union Bank Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures the high security of your gold ornaments till the loan is closed.


gold loan

Documents required for Applying for City Union Bank Gold Loan are :

Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID (Anyone)
Residence Proof Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Anyone)
Agriculture Proof ( if applicable) Agriculture Land Ownership Proof
Photographs 2 Passport sized coloured

gold loan

City Union Bank Gold Loan Interest Rate, Fees, and Charges

City Union Bank Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged depends on the total loan amount as well as the quality/purity of the gold you are to keep as security with the bank. Gold Loan interest rates offered by the City Union Bank are lower in comparison to other loans because it is a fully secured loan.

  • CUB Gold Loan Interest Rate Online: 7% per annum
  • Processing Fee: 1.0% of the Principal Loan Amount
  • Prepayment/Foreclosure Charges: 2%+GST (Within 3 Months), 0 (After 3 months)
  • Valuation Fee: Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
  • Late Repayment Charges: 2% p.a. + Applicable rate of interest.
  • Renewal Processing Fees: Rs 350 + GST

gold loan

CUB Gold Loan Apply Online

You can also apply with Dialabank by following the below-mentioned steps to get a Gold Loan as per your need.

  • Visit Dialabank’s digital platform, where you will have to just fill a form without any registration. 
  • Our Relationship Manager will contact you and assist you throughout the Gold Loan process and guide you in fulfilling your financial needs. 
  • You will get personalized service giving you the option of comparing and taking the best deal according to your needs without any extra charges.
  • With Dialabank you can compare the different offers and schemes from different banks based on funding provided and the rate of interest charged to choose the best loan deal for yourself.

gold loan

City Union Gold Loan EMI Calculator

Rate of Interest 6 months 1 Yr 2 Yrs 3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466


gold loan

  • A gold loan calculator is quick and convenient to use, and it calculates the loan sum you will get based on the information you have. 
  • You would be required to submit information about your tenure, gold carat, and gold weight in grams. 
  • The gold loan calculator will work out the loan amount and other specifics based on the information you’ve given.
  • You can add several ornaments and check your gold’s loan worth.

How To Pay Your City Union Bank Gold Loan EMI?

City Union Bank gold loan

Your City Union Bank gold advance can be reimbursed in the following three different ways.

  1. Standing Instruction (SI): If you are a current record holder with City Union Bank, Standing Instruction is the best method of r repayment.
  2. Electronic Clearing Service (ECS): This mode can be utilized if you have a non-City Union Bank account and might want your EMIs to be charged toward the finish of the month.
  3. Post-Dated Checks (PDC): You can submit post-dated EMI checks from a non-City Union Bank account at your closest City Union Bank Loan Center.

gold loan

Gold Loan Agent Contact Number

You just need to give me a call on 9878981144.


gold loan

Gold Ornaments Accepted By City Union Bank Gold Loan 

City Union Bank doesn’t consider every type of gold ornament for the loan on gold. There is some limitation.

  1. The purity of the gold ornament should be between 18 Carats to 22 Carats.
  2. The Bank accepts the gold in the form of an ornament.
  3. Bank does not accept raw gold for a Gold loan.

gold loan

Use Of City Union Bank Gold Loan

The funds acquired by availing the City Union Bank Gold Loan service can be used for several purposes such as:

  • To finance any personal expenses such as a wedding, travel, payment of higher education fees, and etc. 
  • For all your business needs such as buying raw material, expansion of business, etc.
  • You can also avail of a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.


gold loan

City Union Bank Agricultural Jewel Loan Scheme

Scheme  Agricultural Jewel Loan Scheme
Interest Rate  Starting from 7% per annum (depends on the sum of the loan
Least amount of Loan Depends on the value of the jewel which is being kept as security
Loan period Adjustment of advance sum inside 2 months from the date of reap of yields


gold loan

Benefits Of City Union Bank Agricultural Jewel Loan Scheme

  • No arranging cost is appropriate up to ₹ 25,000
  • 0.30% of the credit aggregate, Minimum of ₹ 300 charge is material to the complete going from above ₹  25,000 – not really ₹ 5 lakh
  • 0.28% of the credit complete, subject to at any rate Rs.1,500 is proper to the total more than Rs.5 lakh regardless under Rs.1 crore

gold loan

City Union Bank Gold Loan Overdraft Scheme

City Union Bank offers an Overdraft Scheme. With this, you are given an improvement total as an overdraft office. It works like a Credit Card, where you can spend your Gold Loan Amount as you need at the point any place. The general advancement aggregate will have a Credit/Loan Limit. In the City Union Bank Gold Loan Overdraft office, the bank charges pay essentially on the complete you pull out/use.


gold loan

City Union Bank Gold Loan Highlights

Age 18 – 70 years
Minimum Loan Amount Rs. 1000
Maximum Loan Amount Rs. 1 Crore
City Union Bank Gold Loan Interest Rate 7% per annum onwards
Loan Tenure  Up to 36 months
Gold Items accepted Jewellery and gold coins sold by banks
City Union Bank Gold Loan Processing Charges 1% of the loan amount


gold loan

How Does City Union Bank Gold Loan Work, Here’s An Example

The suitability of the loan is determined based on the purity of gold, LTV, and weight of gold. Suppose Mr A and his two friends Mr B and Mr C have different gold values ​​for different purity. Mr A has 50 grams of gold per 22-carat purity. Mr B has 60 grams of gold in 20 carats of purity and Mr C has 70 grams of gold in purity or 22 carats. They approached the City Union Bank to get a gold loan. The price used to calculate the suitability of their gold loan according to the high 85% LTV will vary with the purity of the gold and therefore, will lead to the validity of the gold loan.


gold loan

What type of gold loan be used to secure a gold loan?

Gold has been around for a very long time. It is extremely important to the country’s social, cultural, historical, moral, and economic well-being. It can be purchased in a variety of forms, including bars, coins, jewellery, and raw form, in many countries. Gold coins and jewellery are ideal presents for every reason, and the recipient is sure to enjoy them.

Gold is appreciated not only for its ornamental beauty but also as an unrivalled source of investment and savings. It’s a real global currency that can be bought and sold everywhere. Since gold takes up relatively little storage space, it needs very little maintenance and can be taken almost anywhere.


gold loan

Applying through the Dialabank website?

Dialabank is India’s First Financial Helpline, with service available across 18 major cities in India on the local number “600-11-600.”


gold loan

FAQs About City Union Bank Gold Loan

What is City Union Bank Gold Loan?

City Union Bank provides Gold Loans at attractive rates for the fulfilment of your urgent expenses whether agricultural or non-agricultural. They provide Gold Loans with interest rates starting from 7% per annum per annum for a maximum loan amount of ₹5 lacs depending on your requirement and the quality of your gold. You can take the loan for a maximum tenure of 12 months.

✅ How can I get the City Union Gold Loan?

You can get a gold loan by either contacting our relationship manager on the number 9878981144 or you can apply online with Dialabank by simply filling a form online.

What is the city union bank gold loan rate per gram?

The City union bank gold loan per gram online depends on the purity of your gold ornaments. The standard price per gram of gold is Rs ₹ 3,506 to ₹ 4,621.

How does City Union Bank Gold Loan work?

Once the borrower pledges his gold with City Union Bank and fulfils the documentation required, the loan amount is instantly disbursed in his account.

✅ What is the City Union Bank Gold Loan Interest Rate?

The gold loan interest rate in City Union Bank starts at 7% per annum.

✅ How to check Gold Loan status in City Union Bank?

To check your gold loan status in City Union Bank just follow the steps given below:

  • Visit the Banks’ web page.
  • Fill in your personal details and unique credentials to log in.
  • Track the status of your gold loan application.

✅ How to calculate Gold Loan Interest in City Union Bank?

You can calculate the gold loan interest on your City Union Bank Loan by simply subtracting the borrowed amount from the payable loan amount.

✅ What is the maximum loan amount I can avail myself of on Gold Loan from City Union Bank?

You can avail yourself of a maximum of 75% of your gold’s market value from City Union Bank provided you fulfil the eligibility requirements.

✅ What is the City Union Bank Gold Loan maximum tenure?

The tenure for which the City Union Bank Gold loan is available is till 12 months.

✅ How much Processing Fee is applicable on City Union Bank Gold Loan?

The processing fee applicable to City Union Bank Gold Loan is 1% of the loan amount.

✅ What are the charges for Prepayment in City Union Bank Gold Loan?

The prepayment charges in the City Union Bank Gold loan is 0-2% of the outstanding loan amount.

✅ How to renew City Union Bank Gold Loan Online?

To renew your City Union Bank gold loan online you will have to apply for the same on Yes Banks’ portal.

✅ How can we do City union bank gold loan payment online?

You can pay City Union Bank loan amount online using any of the modes available like e-wallets, net banking, m-banking, debit cards, etc. for convenience

✅ What if I can’t pay the interest on City Union Bank Gold Loan for 3 months?

If you cannot pay your City Union Bank gold loan rate of interest amount for 3 months the bank may warn you against further defaults and charge you a penalty fee. In case the default persists your gold jewellery might be sold off.

✅ How can I apply for EMI Moratorium on City Union Bank Gold Loan?

You can apply for a City Union Bank gold loan either by visiting the branch personally and filling the form for the same or can also apply online on City Union Bank’s portal by logging in with your credentials.

✅ How to pay City Union Bank Gold Loan through Credit Card?

Paying City Union Bank gold loan through credit card is not possible and authentic with regards to RBI guidelines.

What is an overdraft scheme for City Union Bank Gold Loan?

City Union Bank offers an Overdraft Scheme. In the City Union Bank Gold Loan Overdraft office, the bank charges pay essentially on the complete you pull out/use.

What is the customer care number for City Union Bank Gold Loan?

Call at 9878981144 for any query.

What is the foreclosure procedure for City Union Bank Gold Loan?

City Union Bank empowers a borrower to .50% on the key excellent if there should be an event of a Gold Loan Foreclosure.

What is the City Union Bank Gold Loan closure procedure?

The Gold loan will automatically close after the payment is done in full.

✅ What are City Union Bank Gold Loan Preclosure charges?

The Bank preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)

 What is the maximum gold loan tenure?

The maximum gold loan tenure is 12 months.

 What is the minimum gold loan tenure?

The minimum gold loan tenure is 6 months.

News about City Union Bank Gold loan 

No pressure is seen by City Union Bank on gold loan securities

City Union Bank which has an immense presence in Southern India sees no pressure on its gold loan securities as compared to other gold loan organizations and predicts to maintain its net interest at 3.3% further as quoted by N Kamakodi, MD and CEO of City Union Bank.

City Bank to put their focal point on emergency credit line guarantee scheme and gold loans for now

After the prohibition period, accounts covering vulnerability of 94.53% to short tenure loans and 85.70% to term loan accounts received payments. City Union Bank decided to focus on an emergency credit line guarantee scheme and gold loans and restructuring of facilities with a view to and hold borrowers and keep fresh accretion to Non Performing Assets at the minimum.


gold loan

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