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City Union Bank Gold Loan Highlights 2024 |
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| Interest Rate | 9.50% p.a. (Non Agriculture Jewel Loan Scheme) |
| Loan Tenure | 1 year |
| LTV Ratio | Up to 75% of the value of gold ornaments pledged as collateral |
| Loan Amount – Overdraft | Rs. 5000 – Rs. 5 lakh |
| Processing Fees |
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| Margin | 10% |
Rates updated on 17th Dec 2024.
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City Union Bank Gold Loan Interest Rates
City Union Bank offers gold loan interest rates of 9.50% p.a. However, the final interest rates offered by the bank may depend on several factors including the market value of the collateral and the loan applicant’s credit profile.
City Union Bank Gold Loan Fees & Charges
The processing fees for availing City Union Bank Gold Loans are as follows:
| Particulars | Charges |
| Processing Fees | ● For Rs 2 lakh: Rs 250
● Above Rs 2 lakh up to Rs 5 lakh: Rs 500 ● Above Rs 5 lakh up to Rs 10 lakh: Rs 1,000 ● Above Rs 10 lakh up to Rs 20 lakh: Rs 1,500 |
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Other Features of City Union Bank Gold Loan
LTV Ratio
City Union Bank offers a maximum LTV ratio of 75% for its gold loan applicants.
Security
City Union Bank accepts gold ornaments with purity of 22-24 carats as security/collateral for its gold loan schemes.
Repayment
CIty Union Bank offers Gold Loan with interest rates charged at monthly rests. The total interest amount will become due on the closure/contracted date.
Eligibility Criteria for Availing City Union Bank Gold Loan
City Union Bank has not specified the eligibility criteria for its gold loan scheme regarding age, weight of gold ornaments pledged as security or its purity.
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City Union Bank Gold Loan Documents Required
The documents required for availing City Union Bank Gold Loans are as follows:
Identity Proof
- Driving license
- Passport
- Voter’s Identity Card
- PAN card
- Aadhaar card
- Identity card /confirmation from the employer/other bank (subject to branch’s satisfaction)
- Ration Card
- Letter from a recognised public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
- ID card issued by recognised Educational Institutions ID issued by Postal Authorities
- Job card issued by NREGA and duly signed by a state govt. officer
- Letter issued by the UIDAI (Unique Identification Authority of India) containing name, address and Aadhaar number
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Address Proof
- Driving license
- Aadhaar card
- Voter’s Identity card
- Passport
- Bank account statement
- Telephone bill (not older than 2 months with installation at least before 6 months)
- Letter from a recognised public authority/servant (not below the Tahsildar’s rank) verifying customer’s identity and residence to the satisfaction of the lender
- Letter from employer (subject to the lender’s satisfaction) ID issued by postal authorities
- Electricity bill (latest) Ration card
- Consumer Pass Book issued by Gas Agency
- Job card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the Unique Identification Authority of India containing details of name, address & Aadhaar number
- Rent agreement indicating the customer’s address duly registered with the state government or a similar registration authority.