Uco Bank Gold Loan Interest Rate at 7% to 7.50%

INTEREST RATE7% to 7.50%
LOAN TENUREMaximum 60 months
PROCESSING FEEAs decided by the bank from time to time
GUARANTOR REQUIREDNo
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 Uco Bank

Uco Bank is a public sector bank in india with total assets 3934 crore. It has headquarter in Kolkata. Uco Bank was founded on Jan. 6, 1943. It has 3020 branches and total assets 39342096 ATMs across India.

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

Other Products of Uco Bank:

Home LoanPersonal Loan
Education LoanBusiness Loan
Car LoanTwo Wheeler Loan
Gold LoanFD Interest Rates
RD Interest RatesBank ATMs
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.

Uco 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).

Uco 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)

Uco Bank Gold Loan Amount

Maximum amount that can be sanctioned per gram of standard gold will be decided by Head Office of the bank

Security

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.

Uco 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.

Uco 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 Uco Bank, Uco Bank SMS balance check number, Uco Bank SMS banking, Uco Bank mobile banking, Uco Bank toll free number,Uco Bank toll free number 24*7, Uco Bank miss call number.

  • MISSED CALL NUMBERS - 9278792787
  • CUSTOMER CARE NUMBERS - 18001030123
  • CONTACT NUMBERS - 18001030123, 033-44557300

Uco Bank Contact Details

  • BANK OFFICIAL WEBSITE - www.ucobank.com
  • CONTACT NUMBERS - 18001030123, 033-44557300
  • EMAIL ID - uco.custcare@ucobank.co.in, hopgr.calcutta@ucobank.co.in
  • MISSED CALL NO. - 9278792787
  • CUSTOMER CARE NO. - 18001030123
  • TOTAL BRANCHES - 3020
  • TOTAL ATMS - 2096
  • HEADQUARTER - Kolkata
  • BANK ADDRESS - Head Office,239, Vidhan Bhavan Marg,Nariman Point,Mumbai-400 021.
Uco Bank EMI Calculator Uco Bank Branches  
Uco Bank Gold Loan FAQsGold Loan Document Required

Other Banks Gold Loan Interest Rates

Banks Gold Loan Interest Rates