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STP Gold Loan
STP Gold Loan
UCO Bank is offering STP Gold loan instantly at your convenience on 24*7 basis in just few clicks through STP. Our STP Gold Loans offers instant financial support to our Bank’s existing as well as new customers for their needs. It ensures a seamless experience with real time eligibility and hassle free sanction and disbursement at branch level of customer’s in-principle sanctioned application. Customer can apply for STP Gold loan with their mobile no/saving account no by clicking on Start Application
KEY FACT STATEMENT (Illustration)
Particulars
Details
Eligibility
Both Existing to Bank (ETB) and New to Bank (NTB) customers
Quantum Of Loan
Minimum: Rs 25000/- Maximum loan amount as per scheme guideline subject to lower of (A), (B), (C), (D) &(E) (A) Amount as per value of Gold at Bank Rate (B) Amount as per value of Gold at market rate as per appraiser (C) Loan applied by Borrower (D) Maximum under the scheme limits as per assessment of loan (E)Amount as per Borrower’s Income
Nil for physical documentation For NeSL – DDE Charges Actual Stamp charges applicable in both cases
Appraisal Charges
As applicable (Actual)
Other Terms
As per scheme selected
Cooling off / look-up period
3 days from the date of sanction/disbursement
Penal Charges
In case of default/delay in repayment/non-compliance of terms, penal charge @ 2% + GST yearly (on outstanding) will be charged. Default charges calculated daily for the entire irregular period.
• Base branch for any issue/query • UCO Customer care no: 18008910 • Digital Banking Department, HO Landline: 033-44559409 digital.lending@uco.bank.in Email:
Nodal Grievance Redressal Officer for FinTech/ Digital Lending
No account should be NPA at our Bank at the time of availing STP Gold Loan.
Loan proceeds should not be used for any speculative purposes.
In case of default in repayment/delay in repayment/non-compliance of terms of sanction, penal charge (on outstanding amount) @ 2% + GST on yearly basis shall be charged. Default charges to be calculated on daily basis for the entire period of irregularity.
STP Gold loan not allowed if already having 7 active Gold loans from our Bank.
If total exposure of Gold loan (existing + proposed) is more than 20 Lakh, then second appraisal of Gold will be required.
*Please Note: Read all the terms and conditions carefully before applying. In case of wrong submission of required data, the application will be rejected.
