Union Bank Gold Loan EMI Calculator
Calculate estimated loan EMI and interest against hallmarked gold jewellery with Union Bank of India.
Official Rate Formula & Benchmark:
Union Bank Gold Loans provide instant liquidity against gold ornaments starting at 8.75% p.a. within statutory 75% LTV.
Current official starting rate: 8.75% p.a. (Range: 8.75% – 9.65% p.a.).
Union Bank Gold Loan Calculator
Interactive calculation engine using official Union Bank rates
For 3 years at 8.75% p.a. reducing balance
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹91,419 | ₹22,641 | ₹1,14,060 | ₹2,08,581 |
| Year 2 | ₹99,746 | ₹14,314 | ₹1,14,060 | ₹1,08,835 |
| Year 3 | ₹1,08,835 | ₹5,227 | ₹1,14,062 | ₹0 |
Rate Verification & Official Notice
8.75% p.a.
8.75% – 9.65% p.a.
floating RateRBI Repo Linked / Card Rate
Applicable Conditions & Eligibility Factors:
- Quick processing against hallmarked gold
- RBI 75% LTV limit
Source: Union Bank Gold Loan Rates & Terms
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Quick loan processing against gold.
- 2RBI 75% LTV limit.
Key Factors Influencing Your Rate
- •Gold purity (18K to 22K)
- •Repayment tenure
Worked Numerical Example: Union Bank Gold Loan Calculator
For an estimated Union Bank Gold Loan Calculator of ₹3,00,000 at 8.75% p.a. for 3 years, your monthly EMI is ₹9,505, with total interest of ₹42,182. Note: Actual eligible loan amount is appraised at the branch based on net gold weight (18K–22K) and RBI's 75% LTV cap.
Frequently Asked Questions: Union Bank Gold Loan Calculator
- Starting rate?
- 8.75% p.a.
- Max loan amount?
- Up to ₹25,00,000.