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 from 11.02.2025) MCLR 1Yr-9.10% [Uco Float-9.05%] |
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Name | Interest identifier | Effective RoI at present(%) | Processing Charges | Scheme Limits | |
Retail | Gold Loan - Retail -30 % Margin | Uco Float+0.15 % | 9.20 | upto Rs 25000/- NIL >25000-Rs 1Lac- Rs 250/- >Rs 1Lacs-Rs 2 lacs- Rs 350/- >Rs 2 Lacs- Rs 3 Lacs- Rs 500/- >Rs 3 Lacs-Rs 5 Lacs- Rs 800/- >Rs 5 Lacs- 0.25% with Max. of 4000/- |
Rs 35 Lacs |
Gold Loan - Retail -40 % Margin | Uco Float-0.05 % | 9.00 | |||
GOLD Overdraft Retail-30% Margin | Uco Float+0.35 % | 9.40 | |||
Agriculture | UCO Krishi Kanakadhara -15% Margin Upto 9 Months | 6 Month MCLR | 8.90 | ||
UCO Krishi Kanakadhara 15% Margin - Above 9 Months | 1 Year MCLR | 9.10 | |||
Agri & Allied Activities 25 % Margin - upto 9 Months | 6 Month MCLR | 8.90 | |||
Agri & Allied Activities 25 % Margin - above 9 Months | 1 Year MCLR | 9.10 | |||
GOLD OverDraft Agri - 25% Margin | 1 Y MCLR+0.20 % | 9.30 | |||
MSME | Gold Loan - MSME - 30 % Margin | Uco Float+0.05 % | 9.10 | ||
GOLD Overdraft MSME - 30% Margin | Uco Float+0.25 % | 9.30 |
Documentation Charges & Pre-payment Charges – NIL , GST will be applicable Loan above Rs 20.00 Lakhs under individual /family ,across all Gold Loan Schemes together , Reappraisals to be effected before disbursment.