UCO Bank Gold Loan

UCO Bank Gold Loan Highlights
Interest Rate	For UCO Gold Loan Scheme – Retail: 9.00% to 9.40% p.a. For UCO Gold Loan Scheme MSME: 9.10% to 9.30% p.a. For Agriculture Loan Scheme – 8.90% to 9.25
Loan Amount	Up to Rs 1 crore
LTV Ratio	Up to 75% of the value of gold pledged as collateral
Processing Fees	Up to Rs 2,500
Documentation & Prepayment Charges	Nil

Note: GST will be applicable Loan above Rs 20.00 Lakhs under individual / family, across all Gold Loan Schemes together.

Rates updated on 17th Dec 2024.

UCO Bank Gold Loan Interest Rates

UCO Bank offers gold loans at interest rates ranging between 8.90% p.a. and 9.40% p.a. The gold loan interest rates offered for different loan schemes are as follows:

Product	Rates (p.a.)
UCO Gold Loan Scheme – Retail	For Gold Loan: 40% margin: 9.00% 30% margin: 9.20% For Gold Overdraft Retail: For 30% margin: 9.40%
UCO Gold Loan Scheme MSME	For Gold Loan: 30% margin: 9.10% For Gold Overdraft MSME: 9.30%

UCO Bank Gold Loan Fees & Charges

Processing Fees

Particulars	Charges
Processing Fees	For Retail Gold Loan: Up to Rs 25000/- NIL >25000-Rs 1 Lac- Rs 250/- >Rs 1Lacs-Rs 2 lacs- Rs 350/- >Rs 2 Lacs- Rs 3 Lacs- Rs 500/- >Rs 3 Lacs-Rs 5 Lacs- Rs 800/- >Rs 5 Lacs- 0.25% with Max. of 4000/- For MSME Gold Loan: Up to Rs 25000/- NIL >25000-Rs 1 Lac- Rs 250/- >Rs 1Lacs-Rs 2 lacs- Rs 350/- >Rs 2 Lacs- Rs 3 Lacs- Rs 500/- >Rs 3 Lacs-Rs 5 Lacs- Rs 800/- >Rs 5 Lacs- 0.25% with Max. of 4000/-

Other Charges

Particulars	Charges
Documentation & Prepayment Charges	Nil

Other Features of UCO Bank Gold Loan

Loan Amount

UCO Bank sanctions the gold loan amount as per Gram of Gold and the final loan amount offered to the applicants of UCO Bank depend on the weight of gold offered as collateral, its quality, the market price of gold and the LTV ratio set for loan applicant.

LTV Ratio

UCO Bank offers a maximum LTV ratio of 75% for its gold loan applicants.

Margin:

• 15% for tenor up to 6 – 12 months
• 25% of the market price of gold

Security

UCO Bank accepts gold ornaments as security/collateral for its gold loan schemes. However, the ornaments should be appraised by an experienced goldsmith to determine the weight, purity and quality of the security pledged as loan.

Eligibility Criteria for availing UCO Bank Gold Loan

UCO Bank has not specified the eligibility criteria for its gold loan scheme regarding age, weight of gold ornaments pledged as security or its purity. Loan applicants also need to submit a declaration specifying the purpose of availing the loan at the time of loan sanction.

UCO Bank Gold Loan Documents Required

UCO Bank has not specified the documents required for availing gold loans. However, gold loan lenders usually ask their applicants to submit the following documents:

• Identity Proof
• Residential Proof
• Signed application form