Interest Rates & Loan Details

• Interest Rates: Starting from 9.50% per annum, varying by scheme.
• Loan Amount:
  • Minimum: 5,000
  • Maximum: Up to 5 lakh, depending on the scheme.
• Loan Tenure: Up to 12 months.
• Processing Fee: Typically between 0.15% to 0.30% of the loan amount.
• Pre-closure Charges: No prepayment or foreclosure charges.
• Loan-to-Value (LTV) Ratio: Up to 75% of the gold’s market value.

Eligibility Criteria

• Age: Minimum 18 years.
• Ownership: Must own gold ornaments, jewellery, or coins (up to 50 grams).
• Customer Status: Both existing and new customers willing to open an account with City Union Bank.

Documents Required

• Identity Proof: Aadhaar Card, PAN Card, Voter ID, Passport, or Driver’s License.
• Address Proof: Utility bill, Aadhaar Card, Passport, or Voter ID.
• Photographs: Recent passport-sized photos.
• Proof of Ownership: Documents proving ownership of the gold being pledged.
• PAN Card: Required if the loan amount exceeds 5 lakh.

Repayment Options

• Bullet Repayment: Principal and interest payable at the end of the loan term.
• EMI Option: Equated Monthly Installments over the loan tenure.

Key Considerations Before Applying

• Gold Quality: Loans are based on the purity and weight of the gold.
• Loan Terms: Review the loan agreement carefully before signing.
• Gold Security: Non-repayment may lead to forfeiture of the pledged gold.

Benefits of City Union Bank Gold Loan

• Quick Loan Approval: Fast processing and disbursal, often on the same day.
• Attractive Interest Rates: Competitive rates starting from 9.50% per annum.
• High Loan Value: Loan up to 75% of the gold’s market value.
• Flexible Repayment: Options for bullet repayment or EMI.
• No Guarantor Required: The pledged gold itself serves as collateral.

Contact City Union Bank

• Customer Care: Please visit the official website for contact details.
• Official Website: City Union Bank