City Union Bank Gold Loan

City Union Bank Gold Loan Highlights – 2025
Interest Rate	9.50% p.a. (Non Agriculture Jewel Loan Scheme)
Loan Tenure	1 year
LTV Ratio	Up to 75% of the value of gold ornaments pledged as collateral
Loan Amount – Overdraft	Rs. 5000 – Rs. 5 lakh
Processing Fees	For Rs 2 lakh: Rs 250 Above Rs 2 lakh up to Rs 5 lakh: Rs 500 Above Rs 5 lakh up to Rs 10 lakh: Rs 1,000 Above Rs 10 lakh up to Rs 20 lakh: Rs 1,500
Margin	10%

Rates updated on 24 Jan 2025

City Union Bank Gold Loan Interest Rates

City Union Bank offers gold loan interest rates of 9.50% p.a. However, the final interest rates offered by the bank may depend on several factors including the market value of the collateral and the loan applicant’s credit profile.

City Union Bank Gold Loan Fees & Charges

The processing fees for availing City Union Bank Gold Loans are as follows:

Particulars	Charges
Processing Fees	●       For Rs 2 lakh: Rs 250 ●       Above Rs 2 lakh up to Rs 5 lakh: Rs 500 ●       Above Rs 5 lakh up to Rs 10 lakh: Rs 1,000 ●       Above Rs 10 lakh up to Rs 20 lakh: Rs 1,500

Other Features of City Union Bank Gold Loan

LTV Ratio

City Union Bank offers a maximum LTV ratio of 75% for its gold loan applicants.

Security

City Union Bank accepts gold ornaments with purity of 22-24 carats as security/collateral for its gold loan schemes.

Repayment

CIty Union Bank offers Gold Loan with interest rates charged at monthly rests. The total interest amount will become due on the closure/contracted date.

Eligibility Criteria for Availing City Union Bank Gold Loan

City Union Bank has not specified the eligibility criteria for its gold loan scheme regarding age, weight of gold ornaments pledged as security or its purity.

City Union Bank Gold Loan Documents Required

The documents required for availing City Union Bank Gold Loans are as follows:

Identity Proof

• Driving license
• Passport
• Voter’s Identity Card
• PAN card
• Aadhaar card
• Identity card /confirmation from the employer/other bank (subject to branch’s satisfaction)
• Ration Card
• Letter from a recognised public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
• ID card issued by recognised Educational Institutions ID issued by Postal Authorities
• Job card issued by NREGA and duly signed by a state govt. officer
• Letter issued by the UIDAI (Unique Identification Authority of India) containing name, address and Aadhaar number

Address Proof

• Driving license
• Aadhaar card
• Voter’s Identity card
• Passport
• Bank account statement
• Telephone bill (not older than 2 months with installation at least before 6 months)
• Letter from a recognised public authority/servant (not below the Tahsildar’s rank) verifying customer’s identity and residence to the satisfaction of the lender
• Letter from employer (subject to the lender’s satisfaction) ID issued by postal authorities
• Electricity bill (latest) Ration card
• Consumer Pass Book issued by Gas Agency
• Job card issued by NREGA duly signed by an officer of the State Government
• Letter issued by the Unique Identification Authority of India containing details of name, address & Aadhaar number
• Rent agreement indicating the customer’s address duly registered with the state government or a similar registration authority.