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Union Bank Gold Loan Interest Rate Today, 26 October 2026: Slabs, Per-Gram Cost & Schemes

Union Bank gold loan interest rate 8.65% – 9.9% p.a. Indicative band · scheme and LTV decide your slab · reviewed September 2026
Monthly interest per ₹1 lakh ₹721 – ₹825 At the floor and ceiling of the band
Cost to pledge 10g of 22K today ₹701 – ₹803 On ₹97,300 advance · gold price updated 2026-10-25

Everything here is indicative, published for comparison — BankCreds lends nothing; verify live rates, charges and eligibility with the lender before acting.

How much will an Union Bank gold loan cost?

Set your own figures against Union Bank's 8.65%–9.9% band and up to 12 months retail; longer agri window. Most gold-loan calculators show only an EMI; this one also prices the bullet structure, which is how a large share of PSU bank gold borrowing is actually repaid.

A Nashik grape-farm household pre-harvest: ₹4 lakh against gold in December for labour and crates, bullet-cleared in March when the export consignment pays.

Union Bank gold loan EMI calculator

Repayment structure
Monthly EMI
₹17,513
Total interest
₹10,162
Total repayment
₹2,10,162

Indicative simple-interest arithmetic on the figures you set. Your sanctioned rate depends on scheme, LTV band and tenure, and the Key Fact Statement issued before you accept is the binding version.

Worked examples at Union Bank's mid-board 9.25%

Loan amount 12 months 24 months 36 months
₹50,000 ₹4,378/mo₹2,290/mo₹1,596/mo
₹1,00,000 ₹8,757/mo₹4,580/mo₹3,192/mo
₹2,00,000 ₹17,513/mo₹9,160/mo₹6,383/mo
₹5,00,000 ₹43,784/mo₹22,900/mo₹15,958/mo

Computed at 9.25%, the middle of Union Bank's 8.65%–9.9% range. A bullet loan on ₹1,00,000 instead meters at ₹771 monthly, with the whole principal falling due at the end.

Read the columns across rather than down. Stretching ₹2,00,000 from 12 to 36 months cuts the monthly outgo from ₹17,513 to ₹6,383, but you carry the pledge three times as long and pay roughly ₹19,632 more in total interest. Union Bank caps gold tenures at up to 12 months retail; longer agri, and borrowers who plan to the cap usually end up rolling over. Work backwards from when you can repay in full instead — the shorter window is almost always the cheaper one.

How much gold loan can I get from Union Bank?

A Union Bank sanction starts with a weighing, not an application. Enter what you would actually carry to the branch and the calculator applies RBI's tiered ceiling to it. The result applies RBI's tiered loan-to-value ceiling, so the percentage you are advanced changes with the size of the loan itself — not with which lender you choose.

Union Bank gold loan amount calculator

Appraised value
₹2,59,466
LTV tier applied
85%
Eligible loan (max)
₹2,20,546

Indicative, on the 2026-10-25 reference of ₹14,163/g (24k). RBI LTV tiers: 85% ≤₹2.5L, 80% ≤₹5L, 75% above. Lender schemes may advance less; stones/wastage count zero.

Two Union Bank-specific limits sit around that figure: it lends from ₹10,000 to ₹30 lakh, so a pledge below the floor is declined as uneconomic to process and one above the ceiling has to be split or taken elsewhere.

What you are quoted at Union Bank depends on the appraiser in front of you as much as on the day's rate: gross weight minus stones and solder, times the purity actually tested, times the LTV tier your loan size lands in.

Where Union Bank helps: small minimum ticket welcomes modest pledges. Where it does not: 12-month renewals, PSU-standard.

Treat the figure as a ceiling rather than a quote: gross weight includes findings and stones that no lender pays for, and tested purity often lands below the bill of sale.

See Union Bank gold loan per gram →
Today's gold rate, city-wise →

Union Bank gold loan schemes

A Union Bank gold loan is really 2 products sharing a counter. The spread from 8.65% to 9.9% is the distance between them, and nobody will pick the cheapest one on your behalf.

Union Gold Loan (retail)

Consumption-purpose pledge lending with EMI and bullet options; floor pricing among the sharpest published by any bank.

Union Agri Gold

Crop and allied-activity lending at priority rates — a large book in the bank’s southern and Maharashtra geographies.

Repayment structures offered

  • •EMI
  • •Bullet (interest with principal at closure)
  • •Interest-serviced monthly

Charges beyond interest

  • •Appraiser fee
  • •Processing per slab
  • •Renewal fee
  • •Stamp duty

Processing: up to 0.5% + valuation.

Farm borrowers should read Union Agri Gold carefully rather than defaulting to the standard product. Priority-sector treatment prices it well below Union Bank's consumer schemes, and repayment is often matched to the crop cycle instead of a flat monthly instalment. The documentation requirement is the whole barrier.

Is an Union Bank gold loan cheaper than a personal loan?

Cheaper, yes — a gold loan is secured and a personal loan is not, and pricing follows collateral. But cheaper money against your jewellery is a different bargain from cheaper money against your signature.

Union Bank rewards the borrower who asks one extra question: with a band running 8.65–9.9%, where you land depends on scheme, ticket and branch discretion — the difference is real money. Farm borrowers and existing customers tend to see the floor; walk-ins the middle. Come with your gold, your KYC, and the willingness to ask for the sharper slab; the rate card supports it.

On ₹3 lakh, 24 months Union Bank gold loan Unsecured personal loan
Indicative rate 8.65%–9.9% 10.5%–24%
EMI at the typical rate ₹13,740 ₹14,689
Credit score needed None — the pledge is the underwriting Typically 700+ for a bank
Income proof Not required Salary slips, bank statements, ITR
Disbursal Same day, after branch valuation 1–7 days
What you risk Your jewellery, at auction after notice Your credit file and legal recovery
Tenure up to 12 months retail; longer agri Up to 5–6 years

The comparison is lopsided at a PSU counter: Union Bank prices the collateral, not the customer, so a weak credit file costs you nothing here and a great deal on an unsecured loan. What you pay instead is time at the branch.

On the numbers above, the gold route costs roughly ₹949 a month less on ₹3 lakh over two years — about ₹22,776 in total.

Two things argue the other way. Union Bank's gold tenure stops at up to 12 months retail; longer agri, so any need that truly needs years of repayment belongs on an unsecured loan rather than a rolled-over pledge. And the consequence of failure is asymmetric: a damaged score heals over eighteen months, sold jewellery does not come back.

Run both sides before deciding: personal loan guides and the personal loan EMI calculator give you the other half, and the gold loan hub compares Union Bank against every other counter on one table.

Why Union Bank quotes three different rates for one pledge

Union Bank prices the cushion, not the customer: the smaller the share of your gold's value you draw, the safer the loan, the lower the rung you're quoted.

You draw (of value)Indicative rate*Monthly / ₹1 lakh
Up to ~55–60%8.65%₹721
~60–70%9.25%₹771
Max (75% cap)9.9%₹825

*Indicative framing of Union Bank's 8.65%–9.9% band; actual scheme boundaries vary. Verify at branch — the KFS binds.

Run your ticket down the table: ₹2 lakh at the 9.25% middle rung costs ₹1,542 monthly, ₹10 lakh costs ₹7,710 — and shifting one rung down saves ₹500 a month on the bigger pledge. LTV appetite is the negotiation.

Drawn@8.65%/mo@9.25%/mo@9.9%/mo
₹2 lakh ₹1,442 ₹1,542 ₹1,650
₹5 lakh ₹3,605 ₹3,855 ₹4,125
₹10 lakh ₹7,210 ₹7,710 ₹8,250

The ladder against neighbours

LenderFloorCeilingMonthly/₹1L at floor
Union Bank8.65%9.9%₹721
SBI 8.75% 9.6% ₹729
PNB 8.75% 9.25% ₹729
Indian Bank 8.8% 9.5% ₹733

Bands overlap more than logos suggest — scheme choice inside Union Bank's ladder often matters more than switching counters. Where a neighbour's floor genuinely undercuts, refinancing after release is routine.

Union Bank full guide· Union Bank per-gram· Rate today· All lenders

Union Bank गोल्ड लोन — हिंदी में जानकारी

Union Bank सोने पर कर्ज लगभग 8.65% से 9.9% सालाना की दर पर देता है, और अवधि up to 12 months retail; longer agri तक रहती है। ब्याज दर आपकी आय या सिबिल स्कोर से नहीं, बल्कि इस बात से तय होती है कि आप गहनों की कीमत का कितना हिस्सा उठा रहे हैं। नीचे वही सवाल हैं जो शाखा पहुँचने से पहले साफ होने चाहिए।

Union Bank गोल्ड लोन — अक्सर पूछे जाने वाले सवाल

Union Bank गोल्ड लोन की ब्याज दर कितनी है?
Union Bank की गोल्ड लोन दर 8.65% से शुरू होकर 9.9% तक जाती है। यह आपकी आय या नौकरी से नहीं, बल्कि गिरवी रखे सोने के मुकाबले ली गई रकम से तय होती है। इसलिए जरूरत से कम उठाना सीधे-सीधे सस्ती दर देता है — यही इस उत्पाद की सबसे कम इस्तेमाल होने वाली सौदेबाजी है।
Union Bank से एक ग्राम सोने पर कितना लोन मिलता है?
दो अलग आँकड़े हैं — गहने की कीमत और उस पर मिलने वाला कर्ज। आज 22 कैरेट की कीमत करीब ₹12,973 प्रति ग्राम है, और कर्ज उसका एक तय हिस्सा ही होता है: छोटे लोन पर 85% तक, ₹5 लाख तक 80%, और बड़े लोन पर 75%। Union Bank की सीमा ₹10,000 से ₹30 lakh है।
Union Bank गोल्ड लोन में EMI और बुलेट में क्या फर्क है?
फर्क सिर्फ सुविधा का नहीं, कुल लागत का है। EMI पहले महीने से मूलधन घटाती है, इसलिए ब्याज भी घटता जाता है। बुलेट में पूरी रकम आखिर तक चलती रहती है, इसलिए उसी दर पर कुल ब्याज ज्यादा बनता है। जिस दिन आप गिरवी रखें, उसी दिन तय कर लें कि मूलधन कहाँ से आएगा।
खेती के लिए Union Bank का गोल्ड लोन सस्ता क्यों पड़ता है?
कारण नियमों में है: कृषि कर्ज प्राथमिकता-क्षेत्र में आता है, इसलिए Union Bank इस पर कम ब्याज ले सकता है। शर्त यह है कि पैसा खेती के काम में लगे और उसका प्रमाण हो — बीज, खाद, मजदूरी या उपकरण। पात्र किसानों के लिए इससे सस्ता संगठित विकल्प देश में कोई नहीं है।
अगर मैं Union Bank का गोल्ड लोन नहीं चुका पाया तो गहनों का क्या होगा?
प्रक्रिया तय है और उसमें समय मिलता है: सूचना, चुकाने का मौका, फिर सार्वजनिक नीलामी न्यूनतम कीमत के साथ। Union Bank मनमाने ढंग से गहने नहीं बेच सकता, और बिक्री से बकाया चुकाने के बाद जो बचे वह आपका है। असली खतरा नीलामी नहीं, बार-बार लोन आगे बढ़ाते रहना है।

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Union Bank gold loan — FAQs

Why does Union Bank charge different gold-loan rates on different schemes?
Same gold, different draw: Union Bank's cheaper schemes simply lend a smaller share of appraised value, and the extra buffer flows back as basis points. That's the whole spread from 8.65% to 9.9% — LTV appetite, priced honestly.
What does a Union Bank gold loan cost per month per ₹1 lakh?
Per lakh per month at Union Bank: ₹721 on the floor slab, ₹771 mid-board, ₹825 at the ceiling. A ₹3 lakh pledge therefore meters between ₹2,163 and ₹2,475 monthly — scheme choice is that gap.
Are Union Bank's advertised gold-loan rates guaranteed?
No — the 8.65%–9.9% band is indicative; your rate depends on scheme, ticket, tenure and (at some lenders) punctual-payment conditions. The Key Fact Statement handed to you before acceptance states the binding rate and APR; that document outranks every rate board and this page.
Can I move my gold loan from Union Bank to a cheaper lender later?
It's a normal move: settle Union Bank's outstanding, verify and collect your sealed packet, walk it to the cheaper counter. Plan the day so the gold is never uninsured in a drawer overnight, and let a multi-point rate gap — not a fraction — justify the fresh pledge costs.
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