Union Bank of India Gold Loan 

Gold Loan at 1%* p.m.

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Union Bank of India Gold Loan 

Union Bank of India provides a gold loan under the scheme Union Gold Loan. This bank was founded on 11th November 1919. The bank is serving people for 98 years. This bank is owned by the government of India. Union Bank of India gives its services overseas also. This bank is inaugurated by the Mahatma Gandhi. Bank provides so many financial products to the customers like personal loan, home loan, car loan, gold loan, credit cards, banking etc. But the gold loan is the most popular product given by the bank. The process to apply for a gold loan is very easy and quick. You can apply for a gold loan by your mobile right now without going to the bank.

 

What Is A Gold Loan

Gold loan is financial product provided by the banks to its customers. In this type of loan, you can have a loan against your gold jewelry. There is nothing to worry about even if you are not employed. The gold loan doesn’t require the customer to be salaried or self-employed. Anybody can have a gold loan if he/she has gold of given purity. Union Bank of India provides a Gold loan under Union Gold Loan scheme. Bank will take care of all the gold/jewelry and it will return back to you whenever you will pay back that particular amount of loan with interest to the bank.

 

Why Gold Loan

Gold Loan is useful in many essences but most important is that your gold will be at the safest place. The bank takes full guaranty of your gold. Even if you want to put your gold in bank lockers safely and securely then you have to pay to the bank for it but bank provides you locker only not security. So it’s better to get a Union Bank of India Gold Loan, you will get money and security at the same time. Bank will be responsible for any kind of miss happening. Gold loan is available at very fewer interest rates in many banks. So many nonbanking financial companies also provide you a Gold Loan, and very less paperwork is required to complete these formalities.

 

 

Goals of Union Bank of India

Bank wants to accomplish a very good relationship with the customers and wants to be a customer-centric organization. It wants to provide a wide range of the products to their customers so that they do not need to go anywhere for financial services. The goal of the bank is to be the most trustworthy and reliable organization among the customers. Union Bank of India Gold Loan is looking forward to be on number one among all the financial organization and to provide the best services to their customers. Bank wants to provide almost all its services online for the convenience of the customer.

Eligibility criteria

There are some conditions that the applicant should fulfill to get a gold loan. These are written below
Age of the applicant should be more than 18 years.
Applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 22 karats.
All the candidates who satisfy these eligibility criteria are eligible to Union Bank of India Gold Loan.

 

Low-Interest Rates

Interest rates offered by the bank to the customers are comparatively very low. It starts at 10.49%.
It can be varied a little bit up and down.
The amount of loan provided by the bank can be up to 20 Lakhs.
Amount of loan provided will be 75% of the value of your gold.

 

Eligibility criteria

There are some conditions that the applicant should fulfill to get Union Bank of India Gold Loan. These are written below
Age of the applicant should be more than 18 years.
Applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold should be 18 karats to 22 karats.

 

Documents Required

The process of documentation is very easy and simple.

• Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Everyone easily has these documents so there is no problem with the submission.

• 3 passport size photos

• A  passport can be an ID proof •because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. 

• Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.

• Driving license is also regarded as a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer. 

• Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.

• PAN card is the permanent account number that is provided to the customers and it prevents from the financial frauds. So it can be an identity/residence proof. Pan card is very essential document under KYC (know your customer) formality.

• Ration card can also be an ID because it provides enough information about the applicant.

 

 

Apply on lendingwale.com 

We are suggesting this site the reason after that is Lendingwale.com knows the value of your precious time. You will get so many perks if you apply by using this site. Like:

If you apply for the Union Bank of India Gold Loan from lendingwale.com you will get by so many benefits.

You just have to fill the Gold Loan form and you will get a call from our side automatically.

Besides that, you may get some more concessions on the interest rates.

Therefore there is no need to go to the bank.

Even more, documents pick up facility from your doorstep is available.



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