⍟  Lowest Interest Rate of 0.79% p.m.
⍟  Highest Rate Per Gram ₹ 4,680
⍟  No Melting of Your Gold
⍟  Get Loan in 1 Visit Only
⍟  100% Safety of Your Gold (kept in Bank Locker)

APPLY FOR

United Bank of India Gold Loan

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

United Bank of India Gold Loan Key Features – Apply Now

UBI Gold Loan Interest Rate 7.0% per annum
UBI Gold Loan Per Gram
Rate Per Gram is ₹ 5,121
UBI Gold Loan Processing Fee
1.0% of the Principal Loan Amount
UBI Gold Loan Maximum Loan Amount
Up to Rs. 1 Crore (With Income Proof)
UBI Gold Loan Minimum Loan Amount
70% LTV
UBI Gold Loan Prepayment Charges
2%+GST (Within 3 Months), 0 (After 3 months)
UBI Gold Loan Repayment Tenure
up to 12 Months
UBI Gold Loan Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme

Advantages of United Bank of India Gold Loan

Advantages of United Bank of India Gold Loan via Dialabank

  1. Fast loan disbursal
  2. Fewer Documents required
  3. Amount of Loan starts from Rs 50,000
  4. The jewelry is safe with the bank
  5. Loan Tenure of up to 12 months
  6. The Bank charges about 0.50% of the principal amount as foreclosure charges. 

How Much Gold Loan Can I Get Through United Bank of India (UBI) Gold Loan?

According to the latest gold prices, UBI offers a  Jewel loan per gram at ₹ 5121. Highest  per gram gold loan  rate of UBI today is ₹ 5,121 for 24-carat jewelry calculated at a maximum LTV of 75% and average gold loan prices of last 30 days in 2020 are ₹ 5,121 of 22 carat

United Bank Of India Gold Loan Per Gram – Updated January 2021

 

United Bank Of India Gold Loan Per Gram – Updated January 2021

Weight Loan on 18Cr Gold Loan on 20Cr Gold Loan on 22Cr Gold Loan on 24Cr Gold
1 gm 2433 2715 2998 3280
10 gms 24330 27150 29980 32800
20 gms 48660 54300 59960 65600
30 gms 72990 81450 89940 98400
50 gms 121650 135750 149900 164000
100 gms 243300 271500 299800 328000
200 gms 486600 543000 599600 656000
300 gms 729900 814500 899400 984000
500 gms 1216500 1357500 1499000 1640000

About United Bank of India (UBI) Gold Loan

United Bank of India is a government-owned bank. United Bank of India provides banking and financial services to the customers. The bank was founded in 1950, and headquarters in Kolkata, India. Union Bank of India Gold loan is the quickest way to get funds for personal or business requirements. The funds from the Union Bank of India Gold loan can be used for weddings, education, business expansion, or any other similar purpose. With minimal documentation and secure storage, the Union Bank of India gold loan is a simple funding option to meet your needs.

  • UBI Interest Rate on Interset rates is 7.0% per annum
  • UBI Gold Loan Per Gram Rate is ₹ 5,121
  • UBI Gold Loan Tenure: Up to 12 months
  • UBI Gold Loan Processing Fee is Up to 1.0% of the Principal Loan Amount + GST

United Bank of India (UBI) Gold Loan Eligibility

UBI Gold Loan is a financial product provided by the bank which caters to your needs of short term or long term funds. It is easy to avail financial service provided by banks at low rates of interest and also requires minimal documentation for the same. The eligibility requirements to avail loan against gold are:

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

United Bank of India (UBI) Gold Loan Documents Required

Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the United Bank of India 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 main documents required are:

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

United Bank of India (UBI) Gold Loan Interest Rate, Fees and Charges

UBI Gold Loan Interest Rate 7.0% 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

Types of United Bank of India (UBI) Gold Loan

United Bank of India offers various schemes attached to the Gold Loan product which are listed below:

  • Loan Against Gold – Bank of India provides Gold Loan at attractive and lowest rates of interest to fulfil anyone’s dire need of funds for any purpose whether personal or professional. The loan against gold is given against gold jewellery deposited with the bank as a security.
  • Loan Against Gold for Agriculture – For agriculture purpose to farmers United Bank of India offers deals at a special rate of interest as compared to gold loans given for other uses.

United Bank of India (UBI) Gold Loan Apply Online

Applying for the United Bank of India Gold Loan service is a simple and hassle-free process which can be done from the comfort of your home. You can do it online by visiting the bank’s official website and submitting a form with basic information regarding yourself and the Gold Loan you wish to avail. You will then need to visit the branch with the required documents and your gold.
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 personalised 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 on the basis of funding provided and the rate of interest charged to choose the best loan deal for yourself.

gold loan at 7%

हिंदी में पढ़े | தமிழில் படியுங்கள்

United Bank of India (UBI) EMI Calculator

Rate 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

How to Pay Your United Bank of India (UBI) Gold Loan EMI?

Your United Bank of India gold advance can be reimbursed in the following three different ways.

  1. Standing Instruction (SI): If you are a current record holder with United Bank of India, Standing Instruction is the best method of r repayment. Your EMI sum will be charged automatically toward the finish of the month to month cycle from the United Bank of India account you indicate.
  2. Electronic Clearing Service (ECS): This mode can be utilized if you have a non-United Bank of India Bank account and might want your EMIs to be charged consequently toward the finish of the month to month cycle from this record.

 United Bank of India (UBI) Gold Loan Contact Number

Call 9878981144 and get instant help and approval for your United Bank of India Gold Loan.

Gold Ornaments Accepted by United Bank of India (UBI)

  • Gold Bangles
  • Gold rings
  • Gold anklets
  • Gold necklace
  • Any other form of Gold Jewellery

Acceptable Purity of Gold – 18 Carat to 22 Carat.

Uses of United Bank of India (UBI) Gold Loan

The funds acquired by availing the United Bank of India Gold Loan service can be used for a number of 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, and 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.

United Bank of India Agricultural Jewel Loan Scheme

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

Benefits of United Bank of India Agricultural Jewel Loan Scheme

  • There is no processing fee is applicable up to ₹ 25,000
  • 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging from above ₹  25,000 – less than ₹ 5 lakh
  • 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore

United Bank of India Gold Loan Overdraft Scheme

United Bank of India Offers an Overdraft Scheme as an overdraft facility that works like a Credit Card. The Gold Loan Amount is spent as necessary. The overall loan amount has a Credit/Loan Limit. In United Bank of India Gold Loan Overdraft facility, the bank charges interest only on the amount you make use of.

FAQs About United Bank of India (UBI) Gold Loan

✅ What is United Bank of India (UBI) Gold Loan?

United Bank of India provides gold loans at competitive interest rates to anybody in possession of gold and in urgent need of funds. The loans are provided for a maximum period of 12 months and a maximum amount of Rs.10 lacs.

 How much Gold Loan Can I get per gram from United Bank of India (UBI)?

You can avail of a loan of Rs 5,121 per gram from the United Bank of India, depending on the quality of your gold.

✅ What is the Gold Loan interest rate in United Bank of India (UBI)?

The interest rate for gold loans in UBI is 7.0%.

How to check gold loan status in United Bank of India (UBI)?

To check your United Bank Gold Loan status online just visit the portal from your web browser and fill in the details of your Gold Loan application. You may also call the bank and enquire about the same

 How to calculate gold loan interest in United Bank of India (UBI)?

To calculate the gold loan interest rate in UBI simply by subtracting the principal amount from the total amount to be paid.

What is the loan tenure of the United Bank of India (UBI) gold loan?

The loan tenure of your United Bank of India gold loan is up to 12 months post which renewal is required.

 How much processing fee is applicable on United Bank of India (UBI) Gold loan?

A processing fee of up to 1% of the loan amount or Rs 1000 whichever is higher is applicable on UBI gold loan.

What are the charges for pre-payment in United Bank of India (UBI) gold loan?

The charges of pre-payment in UBI loan varies up to 2% of the outstanding loan amount.

How to renew United Bank of India (UBI) Gold Loan online?

To renew your United Bank of India Gold loan online just log in to the portal with your personal credentials and fill a form of renewal of the loan with the bank.

How to pay United Bank of India (UBI) Gold loan interest online?

You can pay the United Bank of India Gold loan interest online using any of the following options:

  • net banking
  • debit cards
  • i-mobile app

What if I can’t pay the interest on United Bank of India (UBI) Gold loan for 3 months?

If you are unable to pay your loan amount in UBI for 3 months then the bank will warn you first against further defaults and in case the defaults continue, the bank may consider selling off your gold ornaments in the market kept as a security.

How can I apply for the EMI moratorium on United Bank of India (UBI) Gold loan?

You can apply for EMI Moratorium on United Bank of India Gold loan either online by logging in with your unique ID and password or can also visit the bank branch personally and fill an application form for the same.

How to pay United Bank of India (UBI) Gold loan through credit card?

You cannot pay UBI Gold Loan through credit card as per RBI’s guidelines.

What is United Bank of India Gold Loan Overdraft Scheme?

United Bank of India Offers an Overdraft Scheme as an overdraft facility that works like a Credit Card. The Gold Loan Amount is spent as necessary. The overall loan amount has a Credit/Loan Limit. In United Bank of India Gold Loan Overdraft facility, the bank charges interest only on the amount you make use of.

What is the foreclosure procedure for United Bank of India Gold Loan?

United Bank of India takes a borrower up to 0.50% of the principal amount should an event of Gold Loan Foreclosure happen.

What is the United Bank of India Gold Loan closure procedure?

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

✅ What is United Bank of India 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 United Bank of India gold loan tenure is 36 months.

 What is the minimum gold loan tenure?

The minimum gold loan tenure is 6 months for United Bank of India.

What is the customer care number for United Bank of India Gold Loan?

All the queries regarding United Bank of India is answered at 9878981144 .

 

 

Table of Contents