Jewel Loan in Union Bank of India

Hello sir I am here as I want to get the details of the Union Gold Loan/ Jewel Loan Scheme of Union Bank of India so will you please provide me the details??

[Shaleen]

Union Gold Loan provides alternate source of credit to needy farmers as well as individuals.

Eligibility:-

All individuals are eligible to avail loan under this scheme.

Quantum of loan:-

Priority sector -- Need based /Project based.

Consumption loan -- Up to Rs.2, 000/-.

Non-priority sector -Up to Rs.4.00 lakh. Sanctioned by Branch Head as per their delegated power and maximum up to Rs.10.00 lakh sanctioned by RLCC

Lending Rate:-

The lending rate of the Union Gold scheme is Rs.1800 per gram of gold ornaments of 22 carats or 80% of appraised value of gold, whichever is less, subject to periodical revision by the Bank on the basis of gold price.

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