Gold Loan
Gold Loan
We, at United Urban Co-Op. Credit Society Limited, understand our customer's needs and have three primary gold loan schemes to choose from. Our attractive interest rates, quick disbursal, multiple repayment options and value added benefits ensure a pleasant experience, make us our customer's first choice.
We realise the emotional value of gold, and have in place, state of the art security surveillance infrastructure. When you pledge your gold with us, rest assured, it is in the safest hands. Come unlock the best value for your gold ornaments at any of our branches!
United Urban Co-Op. Credit Society Limited designed to provide liquidity against Gold and Gold jewellery without having to sell them. Let your gold help you bring the golden period in life.
Service benefits
- Availed for Gold Loan amount between Rs. 3,000 to a maximum of Rs. 2,00,000
- Hassle – free quick processing of Loans
- Minimum documentation and quick disbursal
- Simplified Paperwork
- Easy Payment Options
- ATL Facility – Any Time Liquidity
- Minors are not eligible
Gold Loans Scheme List
Scheme 1 (GL - 10)
Gold Value 70% to 75% (Hall) CT Gold 70%
| Period | Rate Of Interest |
|---|---|
| 0-30 Days | 10% p.a. |
| 30-60 Days | 15.5% p.a. |
| 61-90 Days | 18.5% p.a. |
| 91-180 Days | 19.5% p.a. |
| 181 Days and above | 20% p.a |
*Processing Fees of 1.5% on loan amount is applicable
Scheme 2 (GL - 12)
Gold Value 70% to 75% (Hall mark 75%) CT Gold 70%
| Period | Rate Of Interest |
|---|---|
| 0-30 Days | 12% p.a. |
| 30-60 Days | 17.5% p.a. |
| 61-90 Days | 18% p.a. |
| 91-180 Days | 19% p.a. |
| 181 Days and above | 20% p.a |
*Processing Fees of 1% on loan amount is applicable
Scheme 3 (GL - 15)
Gold Value 70% to 75% (Hall Mark 80%) CT Gold 75%
| Period | Rate Of Interest |
|---|---|
| 0-30 Days | 15% p.a. |
| 30-60 Days | 18% p.a. |
| 61-90 Days | 19% p.a. |
| 91-180 Days | 19.5% p.a. |
| 181 Days and above | 20% p.a |
*Processing Fees of 0.5% on loan amount is applicable
Scheme 4 (GL - 17)
Gold Value 80% (Hall Mark 80%) CT Gold 75% CT Gold 65%
| Period | Rate Of Interest |
|---|---|
| 0-30 Days | 17% p.a. |
| 30-60 Days | 18% p.a. |
| 61-90 Days | 18.5% p.a. |
| 91-180 Days | 19% p.a. |
| 181-270 Days | 19.5% p.a |
| 271-365 Days | 20% p.a |
*Processing Fees Nil
Conditions
EMI will provide following conditions:
- EMI Late Payment Penalty – 0 to 3 days grace period from EMI date
- After 3 days – Rs. 2 for every Rs. 1000 per day from day one of EMI Date
- Pre Closure – Outstanding principal plus 22% (Yearly) of outstanding principal per day after the day counted from last EMI date
- Pre closure penalty of 150 / Lac of outstanding principle.
Other Conditions
- Appraisal Charges and processing Fees will be charged up front on loan availing date – Dynamic field requested.
- First EMI will be paid through cheque and it should be furnished during the loan availing date.
- Minimum Loan amount should be Rs. 25,000/-
General Conditions
- New Customer – 10/- for membership
- Documentation charges – Minimum Rs. 10/- and 0.01 of loan amount maximum – Rs. 50/-
- Customer intimation charges
- Duplicate loan receipt Rs. 100/-
- No interest partial payment and advance interest payment available
- Nomination facility is compulsory
- Customer Intimation
