Gold Loan

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

  1. 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.
  2. Necessary declaration from the eligible borrowers will be required to be obtained specifying the purpose of such loan at the time of sanction.

Margin

  1. For Agriculture Schemes under UCO Krishi Kanakadhara Scheme
  2. 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

  1. 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 11.09.2024) MCLR 1Yr-9.00%[Uco Float-9.30%]

 

Name

Interest identifier

Effective RoI at present(%)

Processing Charges

Retail

Gold Loan - Retail -27/28 % Margin

Uco Float-0.10 %

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/-

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-27/28 % Margin

Uco Float +0.10%

9.40

GOLD Overdraft Retail-30% Margin

Uco Float-0.00 %

9.30

Top-Up Retail -27/28/30/40 % Margin

Uco Float -0.10%

9.20

NIL

Agriculture

UCO Krishi Kanakadhara- -15% Margin
Upto 9Months

6 Month MCLR

8.85

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/-

UCO Krishi Kanakadhara  15% Margin -Above 9 Months

1 Year MCLR 

9.00

Agri & Allied Activities  25 % Margin- upto 9 Months

6 Month MCLR

8.85

Agri & Allied Activities  25 % Margin- above 9 Months

1 Year MCLR 

9.00

GOLD OverDraft Agri- 25% Margin

1 Y MCLR+0.20 %

9.20

Top-Up Gold Loan Agri -25% Margin

 1Yr MCLR

9.00

NIL

MSME

Gold Loan- MSME-27/28 % Margin

Uco Float-0.10 %

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/-

Gold Loan- MSME-30 % Margin

Uco Float-0.20 %

9.10

GOLD OverDraft MSME -27/28 % Margin

Uco Float+0.10 %

9.40

GOLD Overdraft MSME-30% Margin

Uco Float-0.20 %

9.30

Top-Up Gold Loan  MSME -27/28/30 % Margin

Uco Float-0.10 %

9.20

NIL

Staff

Staff Retail Gold Loan -25% Margin

Uco Float-1.15%

8.15

NIL

Documentation Charges & Pre-payment Charges – NIL , GST will be applicable

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