Features of UCO Bank Gold Loan 
Clients’ credit demands are increasing by the day, therefore gold loans are a viable and profitable alternative in any unpredictably changing environment, such as hospitalisation or farming needs, by utilising gold ornaments as collateral to receive the maximum amount from lenders. Gold loans are a quick way to get credit, so if someone has a perfect credit profile, they can get it in the blink of an eye. Visit the dialabank website for additional information and to connect and use other services.
The following are some characteristics of a gold loan:
- During times of crisis, the loan amount is disbursed quickly.
- Using a digital gateway for gold loans, you can get credit amounts immediately without having to go to a bank.
- Individuals can borrow between Rs 10,000 and Rs 25 lakhs at various interest rates.
UCO Bank Gold Loan Comparision with banks
| Bank / NBFC | Rate Per Gram | Interest Rate | Gold Loan Tenure | Min – Max Loan Amount |
| ₹ 3,506 to ₹ 4,621 | 0.099 | 3 to 24 months | ₹ 10 thousand to 5 crore | |
| Private Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.1 | 6 to 12 months | ₹ 10 thousand to 5 crore |
| ₹ 3,506 to ₹ 4,621 | 0.12 | 7 days to 36 months | ₹ 3 thousand to 1 crore | |
| ₹ 3,506 to ₹ 4,621 | 0.1225 | 12 months | ₹ 3 thousand to 1 crore | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 36 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1 | 3 to 36 months | ₹ 10 thousand to 5 crore | |
| SBI Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.0975 | 12 to 36 months | ₹ 20 thousand to 50 lakh |
| ₹ 3,506 to ₹ 4,621 | 0.075 | 3 to 36 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 20 thousand to 50 lakh | |
| ₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 10 thousand to 5 crore | |
| IIFL Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.12 | 11 months | ₹ 3 thousand to 50 lakh |
UCO Bank Gold Loan EMI calculator
Use our gold loan calculator to figure out how much you’re eligible for based on your costume jewellery. Calculating an exact amount based on your pocket, on the other hand, is difficult and time-consuming. As a result, we’ve created a method to assist clients with the amount. Our calculators allow customers to calculate the exact rate of interest as well as the loan’s duration.
UCO Bank Gold Loan Documents Required
At the time of application the following documents are required:
- Proof of the citizenship of India
- Duly filled application form
- 2 passport-sized photographs
- Applicant’s KYC documents to establish Identity and Address
- Salary/ Income Proof
- Witness Letter in case of illiterate borrowers
- In the case of Agriculture Loan of more than Rs. 1 lac, land proof
- Certificate by the Jewel Appraiser (Bank will arrange)
At the time of disbursement the following documents are required:
- Demand Promissory Note & Demand Promissory Note Take Delivery Letter
- Gold Ornaments Take Delivery Letter
- Arrangement Letter
UCO Bank Gold Loan Documents Required – FAQs
✅ Is it possible to foreclose on my loan account or close it before the end of the tenure? What accusations would be brought in such a case?
Clients have the option to close their account and repay the debt before the term ends, liberating their gold from the branch. You’ll be charged a small termination fee ranging from Rs. 0-150 if you pay off your loan before the three-month time is up. There are no cancellation fees after three months.
✅ What are the extra expenses I’ll have to spend when I apply for a loan?
A minor processing fee is applied to each gold loan. The amount of hidden costs imposed by each bank varies, although they normally do not exceed 2% of the loan amount. In addition to the service fee, you will be charged a gold verification fee, which will be covered by the lender.
✅ Is it possible for me to pay back the loan in instalments?
It is true that a loan can be paid back in instalments at any time. Their pledged gold, on the other hand, will not be recovered until the entire loan amount is paid back.
