UCO Bank Gold Loan


UCO Bank's Gold Loan is a fast, reliable, and flexible financial solution designed for individuals seeking immediate funds by leveraging their gold assets. Whether it’s for personal expenses, business needs, education, or agricultural purposes, UCO Bank provides a hassle-free process with minimal documentation, competitive interest rates, and flexible repayment options. With a high loan-to-value ratio and expert gold appraisal, the bank ensures trust and transparency in meeting your financial requirements.


UCO Bank Gold Loan offers quick funds at competitive interest rates starting from 9.20%, with flexible tenures of 6 to 24 months. Secure your gold with no prepayment or documentation charges and loan amounts based on gold purity and weight.

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Table of Contents:

Highlights of UCO Bank Gold Loan

UCO Bank's Gold Loan is structured to cater to diverse financial needs with convenient options and easy access. Below are the key highlights:

Feature Details
Loan Type Demand Loan & Overdraft (OD)
Purpose Personal needs, education, housing, property purchase, agriculture, MSME
Eligibility Individuals pledging gold ornaments for specified purposes
Margin 15% for tenors up to 6-12 months; 25% up to 24 months
Loan Amount per Gram Maximum loan amount per gram based on gold value

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UCO Bank Gold Loan Interest Rate & Charges

UCO Bank offers competitive interest rates for its gold loan schemes, tailored to meet various financial needs. Below are the applicable interest rates:

Scheme Interest Rate
Retail Gold Loan (30% Margin) 9.20%
Retail Gold Loan (40% Margin) 9.00%
Gold Overdraft Retail (30% Margin) 9.40%
Agriculture UCO Krishi Kanakadhara 8.85% - 9.00%
MSME Gold Loan (30% Margin) 9.10%

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Processing Fees

Processing charges for UCO Bank Gold Loans vary based on the loan amount:

Loan Amount Processing Fee
Up to ₹25,000 Nil
₹25,001 - ₹1,00,000 ₹250
₹1,00,001 - ₹2,00,000 ₹350
₹2,00,001 - ₹3,00,000 ₹500
₹3,00,001 - ₹5,00,000 ₹800

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Note: GST is applicable on processing charges.

Additional Charges:

Category Details
Documentation Charges NIL (No charges applicable)
Pre-payment Charges NIL (No charges applicable)
GST Applicability GST applicable on loans above ₹20.00 lakhs under individual/family accounts
Loan Schemes Coverage Applicable across all Gold Loan Schemes taken together
Reappraisals Reappraisals must be conducted before disbursement

Features & Benefits of UCO Bank Gold Loan

The UCO Bank Gold Loan is packed with benefits, ensuring an efficient and trustworthy financial service:

  • Quick Processing: Swift approval and disbursal of funds to meet urgent requirements.
  • Competitive Interest Rates: Affordable rates linked to the MCLR.
  • Flexible Repayment Options: Borrowers can choose repayment modes at their convenience.
  • High Loan-to-Value Ratio: Leverages the maximum value of your gold assets.
  • No Hidden Charges: Transparent fees with no hidden costs or documentation charges.
  • Prepayment Options: Allows for early repayment without any prepayment penalties.

Compare Gold Loan Interest Rates

Compare gold loan interest rates for different banks & NBFCs from below:

Bank/NBFC Gold Loan Interest Rate % p.a.
UCO Bank Gold Loan 9.20%
SBI Gold Loan 9.05%
IIFL Finance Gold Loan 11.88% - 27% p.a
Bajaj Finserv Gold Loan 9.50% - 28% p.a.
HDFC Bank Gold Loan 8.30% to 16.55%

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Note: The interest rates mentioned above are subject to change at the lender's discretion.

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UCO Bank Gold Loan Eligibility

To avail of UCO Bank's Gold Loan, you must meet the following eligibility criteria:

  • Must be an individual aged 18 years or above.
  • Should possess gold ornaments or coins for collateral.
  • The loan must be used for specified purposes such as personal needs, education, agriculture, or MSME activities.
  • Acceptable collateral includes only gold of specified purity and quality as appraised by UCO Bank.

Documents Required for UCO Bank Gold Loan

Minimal documentation is required to apply for UCO Bank's Gold Loan. Here’s the checklist:

  • Identity Proof: Aadhaar Card, PAN Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility bills, Aadhaar Card, Ration Card, or Passport.
  • Income Proof (if applicable): Salary slips, bank statements, or income tax returns.
  • Gold Ownership Proof: Documentation proving ownership of gold ornaments or coins.

Steps to Apply for UCO Bank Gold Loan

Applying for a UCO Bank Gold Loan is straightforward and involves the following steps:

  • Visit the nearest UCO Bank branch or the official website.
  • Fill out the Gold Loan application form.
  • Submit the required documents for verification.
  • Have the gold appraised by an expert goldsmith at the bank.
  • Once appraised, the bank evaluates the loan amount and terms.
  • Sign the loan agreement and receive the sanctioned amount.

UCO Bank Customer Care Numbers

For assistance with your UCO Bank Gold Loan, you can contact the following customer care numbers:

Service Contact Number
General Enquiries 1800 103 0123
Gold Loan Support Contact the nearest branch

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Frequently Asked Questions

The interest rate starts at 9.20% and varies based on the loan scheme.

The loan amount depends on the value and weight of the gold pledged, with no fixed minimum or maximum cap specified.

The loan amount is based on the gold's weight, purity, and prevailing market rates, subject to margins (30%-40%).

Interest rates range from 8.85% to 9.40% depending on the scheme and purpose (retail, MSME, or agriculture).

Yes, processing fees range from ₹250 to 0.25% of the loan amount, depending on the amount borrowed.

The tenure varies from 6 months to 24 months, depending on the loan type.

Yes, prepayment is allowed with no charges.

Failure to repay on time may result in additional interest, penalty charges, or auctioning of pledged gold.

Yes, your gold is securely stored in bank vaults with high safety standards.

No, your gold will remain intact and will not be tampered with during the tenure.

Processing is quick and can be completed within a few hours, subject to document verification and gold appraisal.

You need ID proof, address proof, and ownership proof of the gold being pledged.

Yes, renewal options are available, subject to approval.

UCO Bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Saturday (except second and fourth Saturdays).

Yes, you can track your loan details through UCO Bank's online banking portal or mobile app.

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