Key Insights

Union Bank offers competitive interest rates for both men and women, with options designed for farmers, retail customers, and MSMEs.
Union Bank processing fees are low, clearly structured, and never exceed ₹500 plus GST, so you know exactly what to expect.
You can quickly get funds against 20-22K gold through a simple online application or by visiting any of the Union Bank branches.

Do you need funds right away? See Union Bank gold loan interest rates and check today's Union Bank gold loan per gram rate today 22 carat. This will help you estimate your loan amount, even for sums like union bank gold loan interest rate for 2 lakh.

The Union Bank gold loan interest rate is the fee you pay when you borrow money by using your gold as security. The amount you pay depends on how much you borrow, whether it is the Union Bank gold loan interest rate for 1 lakh or the Union Bank gold loan interest rate for 5 lakh.

Today, I used 50 grams of Union Bank gold loan per gram rate to day 22 carat gold as collateral at Union Bank to get a ₹2,00,000 loan. The interest rate is 9.25% for 12 months, so my EMI is ₹17,527. It was a fast and affordable way to get funds.

Type of Gold Loans Offered by Union Bank

You can get quick access to cash you can trust. Union Bank's gold loans offer high-value financing, competitive rates, and an easy application process.

Here is the list of the key features of the Union Bank Gold Loan:

Type of Gold Loan	Key Features	Interest Rate
Union Krishi Kamdhenu Gold Loan Scheme	You can get a loan by pledging gold ornaments, jewellery, or specially minted pure gold coins bought from our bank or other banks. All types of farmers are eligible, including owner cultivators, agri entrepreneurs, tenant farmers, oral lessees, and sharecroppers. The eligible loan amount depends on the per gram rate set by the bank for 22 Karat gold. Daily price data and loan amounts per gram are available through the link on UBINET. The loan amount is decided based on your credit needs for agriculture, related activities, farm infrastructure, or other supporting activities.	For Male Borrower: 22 karat (One-year MCLR +0.5%) Below 22 Karat up to 20 Karat (One-Year MCLR +0.75%) For Female Borrower: 22 karat (One-year MCLR +0.4%) Below 22 Karat up to 20 Karat (One-Year MCLR +0.65%)
Union Swarna Shakti Loan Scheme-Retail	Anyone who owns gold ornaments, jewellery, or coins, either alone or with someone else, is eligible. Both current and new customers who are willing to open an account with us can apply. Specially minted gold coins sold by any bank with 24 karat fineness will be considered as gold ornaments of 22 karat fineness for loan assessment purposes. The total weight of gold coins should not be more than 50 grams per customer. When giving loans against gold coins, we make sure the funds are used only for approved, non-speculative purposes.	For Male Borrower: 22 karat: EBLR + 1.5 % Below 22 Karat up to 20 Karat: EBLR + 1.75 % For Female Borrower: 22 karat: EBLR + 1.4% Below 22 Karat up to 20 Karat: EBLR + 1.65%
Union Msme Gold Loan Plus	Any individual MSME, such as a proprietorship firm, business owner, women entrepreneur, self-employed professional, or person involved in retail or wholesale trade who owns gold ornaments, jewellery, or coins, can apply. Ownership can be single or joint. Loans are available against gold ornaments, jewellery, and specially minted pure gold coins purchased from our bank or another bank. The total weight of coins for each customer must not exceed 50 grams. The maximum loan amount is Rs 50 lakh. For 20 karat hallmarked gold, the loan amount is limited to Rs 5 lakh per Borrower or customer ID.	For Male Borrower: 22 karat: EBLR + 0.70 % Below 22 Karat up to 20 Karat: EBLR + 0.95 % For Female Borrower: 22 karat: EBLR + 0.60 % Below 22 Karat up to 20 Karat: EBLR + 0.85 %

Union Bank provides gold loan options designed for both farmers and MSMEs, with competitive rates that vary by gender.

Bonus Tip: Do you know? The maximum gold loan amount is ₹25,00,000 for each borrower. If the loan is against hallmarked gold of 20 karat, the maximum amount is limited to ₹5,00,000 per borrower or customer ID.

Union Bank Gold Loan Processing Fees & Charges

You can borrow with confidence and learn about Union Bank's gold loan processing fees and charges so you know exactly what to expect.

Here is the list of the Union Bank Gold Loan Processing Fees and Charges:

S No.	Sanction limit	Charges
1.	Up to ₹50,000	NIL
2.	> ₹50,000 to ₹1,00,000	₹100 + GST
3.	> ₹1,00,000 to ₹5,00,000	₹250 + GST
4.	> ₹5,00,000 to ₹10,00,000	₹400 + GST
5.	> ₹10,00,000	₹500 + GST

Union Bank keeps fees low, with a maximum of ₹500, so your gold loan stays affordable and easy to understand.

How to Apply for a Union Bank Gold Loan?

You can get quick and secure access to funds. Visit your local Union Bank branch to apply for a gold loan and receive fast approval.

Online Process:

Go to the Union Bank Retail Loan portal to get started.
Select the product drop-down menu.
Enter details such as the loan amount, tenure, and your nearest branch for follow-up.
Complete the form and submit it.

What happens after you submit your application:

A bank representative will contact you to schedule a home visit for a gold assessment.
During the visit, they will check the purity and weight of your gold jewellery or coins.
You will need to provide your KYC documents, such as ID and address proof, along with photos.
After approval, the loan amount will be sent directly to your bank account.

Offline Process:

Visit your nearest Union Bank of India branch and bring your gold ornaments along with the necessary documents.
Get the gold loan application form from the bank staff or download it from the website, then fill it out.
Submit your filled form along with identity proof (such as Aadhaar, PAN, or Passport), address proof, and passport-sized photos. A bank appraiser will check the weight and purity (karat) of your gold jewellery and coins.ns.
After the appraisal, the bank will decide and offer you the loan amount, interest rate, and terms such as tenure.
Review and sign the loan agreement (DP Note) and other required documents. The loan amount will then be credited to your account

Union Bank makes it easy to get your gold appraised quickly and receive your funds without hassle, from the online portal to
Conclusion

Union Bank Gold Loan is a flexible and affordable option, with special plans for farmers and MSMEs. It features competitive interest rates for men and women, and fees are capped at ₹500. You can apply easily online or at a branch, making it quick to get the funds you need.

FAQs

What is the ROI you are expected to pay for your ₹10,00,000?

You don’t actually pay an ROI. ROI stands for return on investment and shows the percentage gain or loss on your money. It’s calculated as (Net Profit / Cost) x 100. A common benchmark is 10% or higher, but this can change a lot depending on what you invest in and the level of risk.

What does it mean to be overleveraged in gold?

Being overleveraged in gold means borrowing too much money to control large gold positions. This can boost your potential profits, but it also makes the risks much higher. Even a small drop in gold prices can wipe out your capital and leave you in debt. If the market turns against you, you might be forced to sell your positions or even face bankruptcy.

What are the important aspects of gold loans?

Key things to consider with gold loans are the Loan-to-Value (LTV) ratio, interest rates, how your gold is kept safe, and the repayment options available. Gold loans are secured, so you can usually get money quickly with little paperwork because your gold is used as security.

Which company is better for a gold loan?

The best company for a gold loan depends on what you need, like how much you want to borrow, how long you want to repay, and how quickly you need the money. Public sector banks usually have the lowest interest rates. On the other hand, NBFCs (Non-Banking Financial Companies) often process loans faster and offer more flexible terms.

Will my credit score have any effect on the interest rate on my gold loan?

No, your credit score does not affect the interest rate on a gold loan. As long as you are over 18 and can show proof that you own the gold, you are eligible to apply.