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CITY UNION BANK is registered with DICGC
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Call CUB’s 24 X 7 Customer Care:
Write to us: customercare@cityunionbank.com
Type of Facility |
Demand Loan with tenor of, 4 months 6 months 9 months 12 months |
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Quantum | Maximum of 75% of the market value of gold or 75% of the value of the gold ornaments as appraised by a bank approved appraiser whichever is lower (on gross weight) subject to scale of finance fixed from time to time. | |||||||
Security | Pledge of gold ornaments with purity between 22 carats to 24 carats only | |||||||
Rate of Interest | Tenure | 4 months | 6 months | 9 months | 12 months | |||
ROI | 11.70% p.a | 11.70% p.a | < Rs 100lakh | 11.00% p.a | < Rs50 lakh | 11.00% p.a | ||
> Rs 50lakh to < Rs 100lakh | 11.25% p.a | |||||||
>Rs.100lakh | 12.00% p.a | >100 lakh | 12.25% p.a | |||||
Processing Fee | Tenure | 4 months | 6 months | 9 months | 12 months | |||
PC | 0.10%+GST | < Rs10 lakh | 0.15%+GST | 0.25+GST | 0.25+GST | |||
>Rs 10 lakh to
0.10%+GST
|
| |||||||
>Rs 25lakh | 0.05%+GST | |||||||
LTV | As per RBI Norms i.e LTV 75% to be maintained throughout the tenure of loan for all maturities. The borrower will be called upon to reduce the loan outstanding to maintain LTV always upto 75% or above. |
Last Updated on: 10-10-2025 06:12:13 PM