UCO Bank Gold Loan
The UCO Bank Gold Loan is available for borrowers in rural/ semi-urban/urban/ metropolitan areas to provide them easy and instant credit facilities for priority sector activities like agriculture, small business, retail trade, education, housing, micro & small enterprises, etc.
Apply for UCO Bank Gold Loan @ 8.75% Interest Rate

Features & Benefits of UCO Bank Gold Loan
The following are the key features and benefits of UCO gold loan:
- Type of loan: Demand Loan.
- Rate of interest: UCO Bank gold loan interest rate varies between 8.75% to 9.30% p.a., depending on the scheme type, margin provided, gold loan per gram rate today, and other factors.
- Purpose: To enable borrowers in rural/ semi-urban/ urban/ metropolitan areas to provide them easy and instant credit facilities for priority sector activities like agriculture, small business, retail trade, education, housing, micro & small enterprises, etc.
- Loan amount: The maximum amount of UCO Bank gold loan that can be sanctioned per gram of standard gold is decided by UCO Bank’s Head Office fortnightly and is then communicated to the zones/branches.
- Gold ornaments assessment & testing: All gold ornaments and coins must be appraised by an experienced Goldsmith for their weight, purity, and fineness before pledging as security.
- Margin: Borrowers have to maintain a margin of 25% to 40% on the market price of the gold.
UCO Bank Gold Loan Interest Rate
UCO Bank gold loan interest rates are linked to UCO Float Rate, which is currently 7.30%. The interest rates on UCO gold loans depend on the scheme code and margin offered by the customer.
Margin Offered | Scheme Code | Spread | Rate of Interest |
25% | L804R | UCO Float Rate of 7.30% + 0.60% | 7.90% p.a. |
30% | L804T | UCO Float Rate of 7.30% + 0.40% | 7.70% p.a. |
40% | L804U | UCO Float Rate of 7.30% + 0.10% | 7.40% p.a. |
UCO Bank Gold Loan Eligibility Criteria
Applicants who meet the following gold loan eligibility criteria are eligible for UCO gold loans:
- The applicant must own gold jewellery or ornaments
- A loan against the security of gold ornaments can be availed by borrowers who are getting the loan for activities related to micro & small enterprises, agriculture & allied activities, retail trade, housing, education, etc.
- The bank will ask eligible borrowers to provide a necessary declaration specifying the purpose of the loan at the time of sanction.
- All gold ornaments must be appraised by an experienced goldsmith for their weight, purity, and fineness before pledging as security. For this purpose, a goldsmith with a good reputation for his professional skills and undoubted integrity should be identified by conducting discreet enquiries.
- For agricultural and other priority sector loans, individuals, firm,s and companies fulfilling the criteria are eligible.
- For other than priority sector loans, individuals are eligible to apply.
UCO Bank Gold Loan Documents Required
Documents required for a gold loan at UCO Bank are mentioned below:
- A necessary declaration from the borrower specifying the purpose of such a loan at the time of sanction.
- A gold loan application form along with recent passport-size photographs of the applicant.
UCO Bank Gold Loan Calculator
You can calculate your UCO gold loan amount eligibility using the gold loan calculator tool. This tool can be found on the official websites of various gold loan providers. To calculate the maximum loan amount eligibility, you just need to enter the gold type you are pledging, the total weight of the gold, and its caratage. The tool may also sometimes require you to enter the repayment tenure. On entering these details, the tool will calculate the maximum loan amount eligibility and display it on the screen instantly.
Compare UCO Bank Gold Loan with Other Lenders
Below is a comparison of the UCO Bank gold loan with the gold loan schemes of other banks. You can check the best gold loan bank in India before applying for the loan:
Bank | Rate of Interest (p.a.) | Loan Amount | Processing Fee | Tenure |
---|---|---|---|---|
UCO Bank Gold Loan | 7.40% - 7.90% p.a. | No upper limit | Up to 0.20% | Decided by the bank |
PNB Gold Loan | 8.65% p.a. | Rs. 25 000 to Rs. 25 Lakhs | 0.30% or Rs. 500 + GST, whichever is higher | Up to 12 months |
Bank of Baroda Gold Loan | 9.20% - 9.30% | Up to Rs. 25 Lakhs | Up to 0.50% + GST | 1 year - 3 years |
Canara Bank Gold Loan | 13% onwards | Rs. 5,000 - Rs. 35 Lakhs | 1% | 6 months - 1 year |
HDFC Bank Gold Loan | 7.60% - 16.81% | Rs. 25,000 onwards (Rs. 10,000 onwards in rural markets) | 1% | 3 months - 2 years |
SBI Gold Loan | 8% | Rs. 20,000 - Rs. 50 Lakhs | Nil till 31.01.2023 | Up to 3 years |
Indian Bank Gold Loan | 8.25% onwards | No upper limit | 0.50% | Up to 35 months |
ICICI Bank Gold Loan | 10% - 17.95% | Rs. 50,000 - Rs. 1 Crore | 1% | 6 months - 1 year |
Kotak Mahindra Bank Gold Loan | 8% - 17% | Rs. 20,000 - Rs. 1.5 Crores | Up to 2% + GST | Up to 4 years |
Axis Bank Gold Loan | 17% - 19% | Rs. 25,001 - Rs. 25 Lakhs | Up to 0.50% | 6 months - 3 years |
Fees & Charges of UCO Bank Gold Loan
The following are the fees associated with availing of UCO Bank gold loan:
- Foreclosure Charges: Nil
- Service Charges
- For Priority Sector: Rs. 250 for a loan up to Rs. 10 Lakhs and Rs. 500 for a loan above Rs. 10 Lakhs.
- For Non-Priority Sector
- Loan up to Rs. 5 Lakhs: Rs. 500
- Loan above Rs. 5 Lakhs to Rs. 10 Lakhs: Rs. 1,000
- Loan above Rs. 10 Lakhs: 0.20% on the amount of loan sanctioned, subject to a maximum of Rs. 5,000.
For further details about UCO gold loan fees, contact the nearest UCO Bank branch.
UCO Bank Gold Loan Customer Care Number
You can contact UCO Bank’s Toll-Free Number 1800 103 0123 for any queries regarding the UCO gold loan.
FAQs
UCO Bank per gram gold rate today for loans is Rs. 2,900 to Rs. 3,450.
Yes, UCO Bank offers gold loans to borrowers in rural/ semi-urban/ urban/ metropolitan areas to provide them with easy and instant credit facilities for priority sector activities like agriculture, small business, retail trade, education, housing, micro & small enterprises, etc.
The margin requirement for a UCO gold loan is as follows:
Margin Offered | Scheme Code |
25% | L804R |
30% | L804T |
40% | L804U |
The borrower must provide gold ornaments, jewellery, or coins as security after they are apprised by an experienced goldsmith for their weight, purity, and fineness. For this purpose, a goldsmith with a good reputation for his professional skills and undoubted integrity should be identified by conducting discreet enquiries.
No, there is no limit on the maximum amount of loan. The maximum amount of UCO Bank gold loan that can be sanctioned per gram of standard gold is decided by UCO Bank’s Head Office fortnightly and is then communicated to the zones/branches.
The repayment tenure and due date for the UCO gold loan are predetermined by the bank depending on the loan’s purpose. You can choose to make bullet repayments for the principal amount. Interest rates for loans for agricultural activities and crop loans can be relaxed.
Borrowers can prepay the UCO gold loan without any foreclosure charges.