UCO Bank Gold Loan

Loan Against Gold Jewellery from UCO Bank

Unleash the potential of your assets to pay off your debts

UCO Bank UCO Gold Loan

This scheme helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins sold by banks. This advance can be used to meet any financial needs such as a wedding, overseas travel, higher education, etc. as well as to consolidate high-interest debts.

Features of UCO Gold Loan (Loan Against Gold Jewellery)

Why this Loan?

  • The UCO Gold Loan is meant for borrowers who want to get funds by pledging gold ornaments to meet their financial needs
  • This loan scheme can also be availed by borrowers as a consolidation loan to pay off their high-interest credit card debts and loans

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 10 lakh. The bank may offer a higher loan amount depending on a case-to-case basis


  • The interest rate applicable to this loan is defined as the sum of two factors: UCO Float Rate and a Spread factor of 1.60%. As of October 2020, the UCO Float Rate is 6.90% bringing the effective interest rate at 8.50%


  • As of October 2020, this information is not mentioned on the bank’s website. Please check with a bank representative for details before applying for this loan


  • Borrowers should be above 18 years of age
  • Borrowers must be the true owners of the gold ornaments/jewellery

Margin Money (Borrowers Contribution to Total Cost)

  • The bank charges 25% of the value at the time of sanction

Security Needed

  • The bank accepts pledging of gold ornaments or gold coins duly verified for quality and quantity to secure this loan

Processing Charges

  • The bank charges up to 0.20% of the loan amount plus GST up to a maximum of Rs. 5,000 for processing this loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • UCO Bank Website: www.ucobank.com and www.ucoebanking.com (net banking)
  • Headquarters: Kolkata, West Bengal
  • Call Centre Toll-Free Number: 1800 274 0123