City Union Bank Gold Loan Key Features
|City Union Bank Gold Loan Amount||Up to Rs. 1 Crore (With Income Proof)|
|City Union Bank Gold Loan Interest Rate||7.0% per annum|
|City Union Bank Gold Loan Per Gram||Rate Per Gram Today is ₹ 5,268
|City Union Bank Gold Loan Processing Fee||1.50% of the Principal Loan Amount|
|City Union Bank Gold Loan Prepayment Charges||2%+GST (Within 3 Months), 0 (After 3 months)|
|City Union Bank Gold Loan Repayment Tenure||3 Months to 24 Months|
|City Union Bank Gold Loan Repayment Scheme||Bullet Payment Scheme, Overdraft Scheme|
City Union Bank Gold Loan Explanation
City Union Bank gold loan can be profited to meet a critical requirement for cash by vowing one’s gold trimmings or gold coins as a guarantee. A Gold loan is one of the fastest and most straightforward methods of acquiring cash and can be benefited by any current client of the City Union Bank just as new borrowers. With City Union Bank, you won’t just benefit from the gold loan effectively however it will likewise be at a serious financing cost.
City Union Bank Gold Loan Comparison With Other Banks
|Particulars||City Union Bank||SBI||HDFC Bank|
|Interest Rate||7.0% per annum||7.50% – 7.50%||9.90% – 17.55%|
|Processing Fees||Up to 1% of the loan amount||0.50% of the loan amount, minimum Rs. 500||1.50% of the loan amount|
|Loan Tenure||6 months to 12 months||3 months to 36 months||3 months to 24 months|
|Loan Amount||Up to ₹ 1 crore||₹ 20,000 to ₹ 20 Lakh||₹ 25,000 to ₹ 50 Lakh|
|Foreclosure Charges||2%+GST (Within 3 Months), 0 (After 3 months)||Nil||Nil after 3 months|
|Lowest EMI Per Lakh||₹ 5,121 per lakh||₹ 3,111 per lakh||₹ 4,610 per lakh|
Tips To Get Gold Loan From City Union Bank Fast
- City Union Bank acknowledges both hallmarked and non-hallmarked gems in return for cash. Be that as it may, you can get the most elevated gold loan per gram for any trademark adornments, since it lessens the odds of under-valuation by the valuer.
- City Union Bank can change the cost of 22-carat gold for the immaculateness of gold. Subsequently, one ought to likewise attempt to acquire against adornments of higher immaculateness since it gets the most noteworthy sum for a gold loan.
- City Union Bank will ascertain the net load of the gems to figure the measure of loan against the gold you can get. You can generally attempt to pick adornments that have the least pearls and stones. The majority of the banks will diminish the heaviness of diamonds and stones from the all out weight of the adornments. In any case, City Union Bank will depend on the report of its gold valuer to figure the net weight. Higher the heaviness of diamonds and stones in adornments, bring down the net weight and worth of gems which brings about a lower measure of gem loan you can are qualified to get.
Advantages of City Union Bank Gold Loan:
- Quick Process: City Union Bank Gold Loan is endorsed and dispensed rapidly and without any problem. The credit gets went in 60 minutes.
- Fewer Documents: The documentation process is clear and less, fundamental reports are required for the City Union Bank gold loan.
- Straightforward System: The bank gives full transparency to the client; that is, there are no concealed charges.
- Amount of Loan: The base measure of loan that City Union Bank gives to the client is Rs. 15000. Likewise, It can be not as much as Rs 10000 in rural zones.
- Safety of Jewellery: One significant thing to note is that the bank is subject altogether for the security of your gold. Accordingly, the gold is kept in a flame-resistant vault.
- Loan Tenure: The tenure period of the loan can range from 3 months to 2 years. Henceforth, you can make a choice according to your comfort.
- Advantages for Farmers: City Union Bank provides some uncommon proposals for agricultural purposes. That is, the bank offers a slightly lower Gold loan interest rate for agrarian use.
- No Debt Burden: There can be circumstances in which a lender is not able to repay the loan sum, in such a scenario the lender will not be under any debt as the bank will only confiscate the gold ornaments.
- No Income Restrictions: There are no restrictions on the payor income of the lender, thus, anybody with any pay range can avail a gold loan
How Much Gold Loan can I Get through City Union Bank Gold Loan:
City Union Bank Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate
City Union Bank Gold Loan Eligibility:
18-70 years of age Salaried, Self-Employed Minimum 18 Carats
18-70 years of age
Minimum 18 Carats
City Union Bank Gold Loan Documents Required:
2 Passport Size
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
City Union Bank Gold Loan Interest Rate, Fees, and Charges:
1.50% of the Principal Loan Amount 2%+GST (Within 3 Months), 0 (After 3 months) Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs 2% p.a. + Applicable rate of interest.
Gold Loan Interest Rate
7.00% per annum
Late Repayment Charges
Renewal Processing Fees
Rs 350 + GST
1.50% of the Principal Loan Amount
2%+GST (Within 3 Months), 0 (After 3 months)
Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
2% p.a. + Applicable rate of interest.
About City Union Bank Gold Loan:
Life is now and then stacked with weaknesses. Thus you may expect money to adjust up to cash related obstructions for a long duration. To overcome this circumstance, you can get a Gold Loan to fight with the cash related crisis. A gold loan is a fully secured loan. As need be the people with low CIBIL score can moreover additionally profit from this administration. City Union Bank Gold Loan is extraordinary among other gold loans in India.
Notwithstanding, there is a huge amount of cash related banking and non-banking associations that give you a gold loan, yet the City Union Bank Gold Loan is seen as the best. It is one of the most assumed and reputed banks in India. Moreover, It is known for its amazing monetary organizations.
- City Union Bank Gold Loan Interest Rate is 7.0% per annum
- City Union Bank Gold Loan Per Gram is ₹ 5,268
- City Union Bank Gold Loan Tenure: Up to 24 months
- City Union Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of City Union Bank Gold Loan:
City Union Bank offers different plans appended to the Gold Loan item which are recorded underneath:
- Loan Against Gold – City Union Bank gives Gold Loan at a lower rate of interests imperative to fulfill anyone’s urgent need of money in any way, shape or form whether individual or master. The gold loan is a totally secure loan, the bank has no danger in loaning the total to the moneylender, so it is given at a lower rate of interest when compared with various kinds of Loan items.
- Loan Against Gold for Agriculture – City Union Bank gives Gold Loans expressly to horticultural purposes to farmers at an exceptional rate of interest when stood out from gold loans given for various businesses. They are given uncommon offers and they need to give the bank land confirmations to which they are taking the Loan.
City Union Bank Gold Loan EMI Calculator:
Rate of Interest
How to Pay Your City Union Bank Gold Loan EMI?
Your City Union Bank gold loan interest can be reimbursed in the accompanying three distinct ways.
- Standing Instruction (SI): If you are at present a record holder in City Union Bank, Standing Instruction is the most reliable technique for repayment. Your EMI sum will be attributed consequently towards the month’s conclusion to month timeframe from the City Union Bank account you show.
- Electronic Clearing Service (ECS): This process can be used in the case that you have a non-City Union Bank account and may require your EMIs to be charged therefore close the month’s end to month cycle from the referenced record.
- Post-Dated Checks (PDC): You can present post-dated EMI analyses from a non-City Union Bank proclamation at your nearest City Union Bank Loan Center. Another type of PDCs would be introduced right away. It will be incredible that you note Post Dated Checks will be gathered from non-ECS states.
City Union Bank Gold Loan Contact Number:
Call 9878981144 now and get instant assistance and endorsement of your City Union Bank Gold Loan. You can know the best proposition on Gold Loan available from all the City Union Bank offices all through the country to benefit from the best course of action sensible to your necessities.
Gold Ornaments Accepted by City Union Bank:
- Gold Ornaments, for example, Gold Bangles, Gold rings, Gold anklets, Gold accessories, and so on these are recognized by City Union Bank for approving a Gold Loan.
- Quality: The nature of gold should be between 18 Carat to 22 Carat. Any gold jewellery which is 24 Carat, can’t be used for getting a gold loan
Use of City Union Bank Gold Loan:
The assets procured by getting the City Union Bank Gold Loan service can be utilized for a few purposes, for example,
- To finance specific speculations, for example, marriage, rock climbing, instalment of higher educational cost instalments, and so on.
- For all your marketing necessities, for example, buying new supplies, creating, promoting, and so on., help is accessible.
- You can moreover profit from a Gold Loan for garden development. The bank gives lower interest rates for Gold Loans that are used for cultivating or related activities.
Gold Loan Interest Rate of Major Banks
7.00% – 14.50%
|7.00% – 16.10%|
|Muthoot Finance Gold Loan||
7.00% – 24.00%
|7.00% – 17.00%|
|Manappuram Gold Loan||
7.00% – 26.00%
|7.00% – 15.99%|
|Bank of India Gold Loan||
7.00% – 26.00%
|7.00% – 13.50%|
|IIFL Gold Loan||
7.00% – 12.00%
|7.00% – 14.65%|
7.00% – 12.65%
|Allahabad Bank Gold Loan||
7.00% – 10.45%
|7.00% – 15.75%|
|PNB Gold Loan||
7.00% – 11.75%
|7.00% – 26%|
|SBI Gold Loan||
7.00% – 15.99%
|7.00% – 15.99%|
|UCO Bank Gold Loan||
7.00% – 26.00%
|7.00% – 13.50%|
|Syndicate Bank Gold Loan||
7.00% – 12.00%
FAQs About City Union Bank Gold Loan:
- What is City Union Bank Gold Loan?
City Union Bank Gold Loan is an advance plan that you can avail for pressing money related crisis by keeping your gold as insurance security with the bank. It likewise accompanies alluring interest rates on Term Loan, Overdraft, and EMI based loan. Normal Gold Loan disbursal time at City Union Bank is only 45 minutes
- How can I get the Gold Loan from City Union Bank?
You can get City Union Bank Gold Loan by visiting any of the gold loan contributing branches of City Union Bank or you can apply for a loan online with BookMyLoans from your home itself and get the best arrangements and offers. City Union Bank is one of the main banks in India that gives Gold Loan administration.
- What is Gold Loan Interest Rate in City Union Bank?
The Gold Loan interest rate in City Union bank is 7.0% per annum. The interest rate relies on various elements, specifically: credit sum, loan tenure period, the virtue of gold, and relationship with City Union bank.
- How much Gold Loan can I get per gram in City Union Bank?
The per gram Gold Loan in City Union bank that you can get relies upon the virtue of your gold. City Union bank acknowledges gold of virtue between 18 carats to 22 carats to give a Gold Loan. You can get up to ₹ 5,268 Per Gram in City Union bank Gold Loan.
- How to check Gold Loan status in City Union Bank?
So as to check your City Union Bank Gold Loan status you should simply visit the City Union bank Loan Status Tracker website page and fill in your descriptions in the form given. You can undoubtedly follow the status of your credit from anyplace and stay updated.
- How to calculate Gold Loan Interest in City Union Bank?
You can know the interest on your City Union bank Gold Loan utilizing BookMyLoans’ EMI Calculator which gives you correct sums dependent on the data you give to the calculator
- How to Pay City Union Bank Gold Loan Interest Online?
You can pay City Union Bank Gold Loan interest online through net banking on the official City Union Bank loan reimbursement website page or then again, you can likewise reimburse your City Union Bank Gold Loan on Paytm utilizing your supported instalment methodology.
- What if I can’t pay the interest on City Union Bank Gold Loan for 3 months?
If you cannot pay your City Union Bank Gold Loan within 3 months, the bank will form the beginning to assist you to recall your forthcoming dues. If the instalments requests go unheard an official legal notice is sent mentioning the repayment of the loan. Defaulting on your Gold Loan achieves a reduction of your credit evaluation and besides makes you in danger to face legal exercises by the bank including reallocation and offer of your gold.
- How can I apply for EMI Moratorium on City Union Bank Gold Loan?
You can apply for EMI Moratorium on City Union Bank Gold Loan now between first March and 31st August 2020 and must be done by arriving at the Bank client care or visiting the nearest City Union Bank office.