GOLD LOAN
Gold Loan
Gold isn’t just an asset—it’s financial security. When you need quick cash for urgent expenses, a gold loan can help without the hassle of selling your jewellery. At Unity Small Finance Bank, we offer safe, transparent, and flexible gold loans with minimal paperwork and competitive interest rates.
Why choose Unity Small Finance Bank's Gold Loan?
Convenient Loan Tenure
Enjoy a flexible repayment period of 24 months, allowing you to plan your finances without stress
Flexible Loan Amount
Get a gold loan starting from ₹1 Lacs up to ₹50 Lacs, depending on your gold's value
Gold Security
Your gold stays safe in high-security vaults until loan repayment
Competitive Interest Rates
Benefit from interest rates starting from 13% per annum, ensuring financial support tailored to your needs
Quick Processing
Loan disbursal on the same day
No Part Payment Charges
Make Part Payment at any time without any charges
Eligibility Criteria
- You are at least 23 years old and are having an income source.
- You own gold ornaments of 18 to 22 carat purity.
There are no restrictions on occupation—whether salaried, self-employed, or a business owner, you can apply.
How to Apply for a Gold Loan?
1. Visit any Unity Small Finance Bank branch with your gold and documents.
2. Gold Appraisal
Our team evaluates purity and weight to determine loan eligibility.
3. Loan Approval & Documentation
Once approved, we complete the paperwork.
4. Loan Disbursement
Funds are transferred immediately in your Unity Bank Account
Documents To be Submitted
(Consumers can submit one document from each of the following categories)
Identity Proof :
Aadhaar Card, Proof of Possession of Aadhaar, Voter ID Card, Driving License, Passport
Residence Proof :
Aadhaar Card, Proof of Possession of Aadhaar, Voter ID Card, Passport, Driving License, Job Card issued by NREGA, Letter Issued by National PopulationRegister
Income Proof (Latest documents) :
Salary Slips – Last 3 Months, Form 16 – Latest Financial Year, ITR – Latest Financial Year, Pension Income Proof – Last 3 Pension Credits, Rental Income Proof
Other Documents :
PAN Card or Form 60, Recent Photograph, 3 months Bank Statement from primary account with income credits (For Loan Amount over 5 Lakh), Udyam Aadhar or Udyam Assist Certificate (if available), Original Purchase Invoice (if available)
Repayment Options
1. EMIs (Equated Monthly Installments)
Fixed monthly repayments.
2. Interest Only
Pay principal and interest on monthly basis and principal at the end of the loan tenure.
Fees & Charges
| Particulars | Charges |
|---|---|
| Rate of Interest | Ranges From 12.5% to 18% PA |
| Loan Processing Fee | Up to 1% of the loan amount |
| Penal Charges | 2% Per Month on overdue payment/margin call amount |
| EMI/Interest Payment Bounce Charges | INR 500/- for each bounce |
| Gold Valuation Charges | Up to 5 Lacs – Rs.500/- | 5 to 10 Lacs – Rs.1000/- | Above 10 Lacs – Rs.1500/- |
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Goods and Service Tax (GST) will be charged extra as per the applicable rates on all the charges and fees, wherever GST is applicable.
Any revision or change in service charges, fees, or related terms shall be communicated by the Bank to customers at least 30 (thirty) days prior to implementation. Customers shall have the option to either accept the revised charges or, if not acceptable, to exit the banking relationship within the said 30 (thirty) day period without incurring any cost |
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Gold Loan Valuation Process
The bank follows RBI norms on valuation and purity process, Our external empanelled valuers value the gold for Net weight (post deduction of Stones, Beads and other non-gold items) and purity in the presence of the customers under CCTV coverage. Based on the size of the loan, the bank may do dual valuation of the same jewellery and take the lower of the two for the purpose of the loan.
The Bank follows a standardized and controlled process to determine the purity and net weight of gold jewellery during loan processing. The valuation is conducted in the presence of the applicant to ensure transparency. The process is divided into the following key steps:
1. Determination of Net Weight
• Jewellery is weighed in the presence of the customer/applicant
• Weight of non-gold components (stones, beads, lac, enamel, solder, etc.) is deducted
• Final valuation is based on net pure gold weight
2. Purity Assessment
• Purity is determined using standard assaying techniques
• Multiple test points are checked to ensure accuracy
• Purity is recorded in carats (e.g., 22K, 18K)
3. Gold Reference Price for Valuation
• Reference rate is derived as the lower of:
- Last 30 days average closing price (MCX/IBJA) OR
- Previous day closing price of 22K gold
• Rates for other carats are calculated proportionately based on 22K reference rate
Type of loans
The bank currently offers Gold loan under two categories i.e. Income generation loans and Consumption Loans.
Income generation loans are loans extended for productive economic activities, such as farm credit, loans for business or commercial purposes, loans for creation or acquisition of productive assets etc.
Consumption Loans means loans which does not fit the definition of income generating loans.
LTV Norms :
For Income Generation Loan
The bank determines the LTV for income generation loans.
For Consumption Loan
| Consumption Loans per borrower | Maximum LTV Ratio |
|---|---|
| <= 2.5 lacs | 85% of Gold Value |
| >2.5 lacs - <= 5 lacs | 80% of Gold Value |
| >5 Lacs | 75% |
APR Calculator
The Annual Percentage Rate (APR) is a method to compute annualized credit cost, which includes the interest rate, processing charge, and other charges.To calculate the Annual Percentage Rate (APR), please click download button below.
Know more about Annual Percentage Rate (APR) Disclosure. Click here
Auction Cases
As per bank policy, gold pledged for loans that remain unpaid beyond the agreed tenure may be auctioned.
For details on current auctions, visit our Auction Cases Page.
For more details about Gold Loan visit
or Contact our Customer Service :
Email ID : care@unityBank.co.in
Contact : 18002091122
