Canara Bank gold loan can be used to get access to cash in case of emergency by pledging your gold jewellery/coins/ornaments as collateral with the bank. Canara Bank gold loan is also known as Swarna Loan and is offered at an interest rate of 7.65% onwards per annum. Other two gold loan products offered by Canara bank include Swarna Overdraft and Swarna Express. The application and disbursal process is quick and hassle-free. More details on Canara Bank Gold Loan Interest Rates, Eligibility and other terms and conditions are shown below.
Canara Bank Gold Loan – Features & Interest Rate – 2021
|Interest Rate||7.65% onwards per annum|
|Loan Amount||Rs. 5,000 to Rs. 20 Lakh|
|Eligibility||Savings account with satisfactory dealings|
Credit-worthy New Customers
|Loan Tenure||From 6 months up to 2 years|
|Gold Items accepted||Jewellery and gold coins sold by banks|
Note: The above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.