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14th May 2016, 11:02 AM
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Join Date: Aug 2012
Re: Union Bank of India Jewel Loan Interest

Union Bank of India is one of the largest government-owned banks of India (the government owns 63.44% of its share capital).

It is listed on the Forbes 2000, and has assets of USD 13.45 billion.

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

Eligibility Criteria:-

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.


Union Bank of India Gold Loan Interest






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