Gold Loan
Type of Loan
Demand Loan & Overdraft-OD
Objective/Purpose
Personal & Consumer needs, Education, Housing, Property Purchase etc.
Agriculture & Allied Activities including Crop Production, Investment activities, Land Development, Estate, Plantation etc.
MSME- Micro and Small Business, , Professional and Self Employed, individuals, Proprietorship etc.
Eligibility
- Loan against security of gold ornaments can be made to all Borrowers who would avail such loan for Agriculture & Allied Activities, Activities related to Micro & Small Enterprises, Retail Trade, Personal and Consumer Needs Housing, Education etc.
- Necessary declaration from the eligible borrowers will be required to be obtained specifying the purpose of such loan at the time of sanction.
Margin
- For Agriculture Schemes under UCO Krishi Kanakadhara Scheme
-
Margin
15% for tenor up to 6 -12 months
25% up to 24 months
Amount of loan to be sanctioned per Gram of Gold
Offering lowest Margin for Gold Value thereby providing maximum loan amount for your Gold.
Assesse/Testing of Gold Ornaments
- All gold ornaments before being accepted as security should be apprised by an experienced Gold Smith for its weight, purity and fineness.
Rate of Interest
Gold Loan Schemes at a glance(Rates applicable form 10.03.2024) MCLR 1Yr-8.85% Uco Float-9.30% |
|||||
|
Name |
Interest identifier |
Effective RoI at present(%) |
Processing Charges |
|
Retail |
Gold Loan - Retail -25 % Margin |
Uco Float-0.10 % |
9.20 |
Upto Rs 3 Lacs-Rs 250/- |
|
Gold Loan - Retail -30 % Margin |
Uco Float-0.20 % |
9.10 |
|||
Gold Loan - Retail -40 % Margin |
Uco Float-0.50 % |
8.80 |
|||
GOLD Overdraft Retail-25% Margin |
Uco Float +0.10% |
9.40 |
0.25 % subject to Max Rs 2500/- |
||
GOLD Overdraft Retail-30% Margin |
Uco Float-0.00 % |
9.30 |
|||
Top-Up Retail -25% Margin |
Uco Float -0.10% |
9.20 |
NIL |
||
Agriculture |
UCO Krishi Kanakadhara- |
6 Month MCLR |
8.70 |
Upto Rs 3 Lacs-Rs 250/- |
|
UCO Krishi Kanakadhara - |
1 Year MCLR |
8.85 |
|||
Agri & Allied Activities 25 % Margin- upto 9 Months |
6 Month MCLR |
8.70 |
|||
Agri & Allied Activities 25 % Margin- above 9 Months |
1 Year MCLR |
8.85 |
|||
GOLD OverDraft - Agri |
1 Y MCLR+0.20 % |
9.05 |
0.25 % subject to Max Rs 2500/- |
||
Top-Up Gold Loan Agri -25% Margin |
1Yr MCLR |
8.85 |
NIL |
||
MSME |
Gold Loan- MSME-25 % Margin |
Uco Float-0.30 % |
9.00 |
Upto Rs 3 Lacs-Rs 250/- |
|
Gold Loan- MSME-30 % Margin |
Uco Float-0.50 % |
8.80 |
|||
GOLD OverDraft MSME -25% Margin |
Uco Float-0.10 % |
9.20 |
0.25 % subject to Max Rs 2500/- |
||
Top-Up Gold Loan MSME -25% Margin |
Uco Float-0.30 % |
9.00 |
NIL |
||
Documentation Charges & Pre-payment Charges – NIL
Agri Loan
Education Loan
GECL
Gold loan
Home Loan
Interest Rate on Loans & Advances
Loan Against Deposit
Other Loan Product
Personal Loan
SME/Bussiness Loan
Vehicle loan
