City Union Bank Limited Gold Loan Interest Rate at 9.50%

LOAN TENUREMaximum 12 months
PROCESSING FEEAs decided by the bank from time to time
PRE CLOSURE CHARGESAs decided by the bank from time to time
Note: Updated on 10 Feb 2023, for latest interest rates, please visit bank website.

About City Union Bank

City Union Bank Limited is a private sector bank in india. It has headquarter in Kumbakonam. City Union Bank Limited was founded on 1904. It has 758 branches and

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Find details about City Union Bank Limited which includes City Union Bank Limited Official Website, City Union Bank Limited ATMs accross the India, City Union Bank Limited Branches accross the India, City Union Bank Limited Contact Numbers, City Union Bank Limited official EmailID, City Union Bank Limited Headquarter and City Union Bank Limited Headquarter Address. Find City Union Bank Limited Gold loan purpos, Eligibility, Margin, Repayment of Gold Loan ,Security, Documents Required for Gold Loan from below.

Other Products of City Union Bank Limited:

Home LoanPersonal Loan
Education LoanBusiness Loan
Car LoanTwo Wheeler Loan
Gold LoanFD Interest Rates
City Union Bank RD Interest RatesCity Union Bank ATMs Location
PPF Account 

The purpose of the Gold Loan is to provide loan to borrowers against pledge of their gold |gold ornaments| gold coins to meet their urgent financial needs with lower interest rate and faster disbursement.

City Union Bank Gold Loan Eligibility

  1. Person should be at least 18 years old.
  2. Any person who owns gold | gold ornaments | gold coins that needs to be mortgaged with the bank.
  3. Person should have a regular income (optional).
  4. Persons who are having Savings or Current account with the bank (optional).

City Union Bank Gold Loan Document Required

  1. Duly filled up and signed gold loan application form
  2. 2 passport size photographs
  3. Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  4. Proof of Address - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  5. Proof of income -Latest salary slip showing all deductions or Form 16 or Income Tax Returns of 2 previous financial years (optional)

City Union Bank Gold Loan Amount

Quantum of loan will be maximum of 75% of the market value of gold or 75% of the value of the gold ornaments as appraised by a bank approved appraiser whichever is lower(on gross weight) subject to scale of finance fixed from time to time.


Gold or gold ornaments or gold coins etc. and since these can easily get liquidated in case of any default, banks offer these loans easily and at lower rates.

City Union Bank Gold Loan Tenure

It is a short term loan. As per RBI guidelines, the tenor is limited to 1 year, in case of non-agriculture use. Some of the banks offer the tenure of upto 36 months too. You can take your gold back from the bank after you repay the loan completely.

City Union Bank Gold Loan Repayment

Repayment structure depends on the bank. Mostly, banks permit repayment through EMIs or a bullet repayment at the end of loan term. In case of bullet payment at the end, borrowers need to pay interest on time. The principal amount will be paid in a bullet payment at the end.

Charges Associated with Gold Loan

  1. Processing Fee: Some banks charge the processing fee which fee can be if negotiated, may be waived off. Valuation Fee: Some banks charge a small amount for valuation of gold. This is paid to the third party valuer.
  2. Pre-payment Penalty: Some banks may charges penalty for pre-payment of loan.
  3. Late payment Penalty: It is charged if you make any delay in payment of interest.

Things that you must know before Applying for a Gold Loan

In India, we have emotional attachment with gold because usually, it is kept in the form of family jewellery. When we want to avail gold loan, we are required to keep this gold as a collateral which we do not agree so easily.

It is also required for you to be aware of the quality of gold which qualifies for the gold loan. The purity of gold which is required as a collateral for gold loan should be 18-22 carat or above. No value of precious gems studded in the gold jewellery is taken into account. It is also equally important for the borrowers to go through the terms and conditions mentioned in loan agreement thoroughly.

Further, if you are unable to repay the gold loan on time then there are high chances of losing your pledged gold/ gold jewellery. This may cause undue pressure on you. Hence, it is very necessary for you to think beforehand whether you will be able to repay the gold loan conveniently.

Contact details of City Union Bank Limited, City Union Bank Limited SMS balance check number, City Union Bank Limited SMS banking, City Union Bank Limited mobile banking, City Union Bank Limited toll free number,City Union Bank Limited toll free number 24*7, City Union Bank Limited miss call number.

  • MISSED CALL NUMBERS - 9278177444
  • CUSTOMER CARE NUMBERS - 044-71225000
  • CONTACT NUMBERS - 044-71225000

City Union Bank Limited Contact Details

  • CONTACT NUMBERS - 044-71225000
  • EMAIL ID -
  • MISSED CALL NO. - 9278177444
  • CUSTOMER CARE NO. - 044-71225000
  • HEADQUARTER - Kumbakonam
  • BANK ADDRESS - 149, T S R (Big) Street, Post Box No 25, Kumbakonam-612001, Tamil Nadu
City Union Bank EMI Calculator  City Union Bank Branches  
City Union Bank Gold Loan FAQs  Gold Loan Document Required

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