Canara Bank Gold Loan

Canara Bank Gold Loan Interest Rate – 7.65% onwards per annum

Purpose of Loan – Loan amount can be used for financial emergencies which include domestic requirements as well.

Quantum of Loan – Loan amount must be between Rs. 5,000 and Rs. 20 lakh.

Repayment Tenure – Applicants must make bullet repayment, one-time payment of interest and principal amount at the end of tenure. The duration of the loans is:

Canara Bank Gold Interest Rate – Canara Bank gold loan charges one of the lowest interest rates at 7.65% p.a.

Canara Bank Gold Loan per gram – Canara Bank gold loan per gram rate changes from time to time and place to place. The actual rate will be shared with you at the time of appraisal of your gold items.

Security – Gold loan will be given against gold coins sold by banks and gold ornaments.

Using a Gold Loan EMI Calculator, you can check the EMI you will have to pay every month on your gold loan. Follow the steps below to check your EMI:

• Click here to go to EMI Calculator
• Enter the loan amount, interest rate and loan tenure
• Once you fill the above three details, you can see the EMI amount on the right side of the screen

EMI Calculator is a very helpful tool to compare gold loan interest rates offered by multiple lenders so that you can choose the one that gives you the most affordable EMI option. You can calculate gold loan EMI as many time as you want.

In order to apply for Canara Bank Gold Loan, applicants must either have Savings account with the bank or prove their creditworthiness at the time of loan application. Moreover, the loan is only for Indian citizens above the age of 18 who can establish their source of income.

Documents Required

To avail Canara Bank Gold Loan, you will be required to submit the following documents:

• Application Form for Swarna Loan
• To establish income, submit any one of the following documents: Latest salary slip, Form 16, bank statement
• Certificate by the Jewel Appraiser will be arranged by the bank

To apply for a Canara Bank gold loan, you will have to visit one of their branches. Contact a branch official who will provide you with the application form and guide you through the process. Afterwards, a gold appraiser will set the value of the gold and accordingly the bank will let you know the amount of loan you can apply for as per Canara Bank gold loan per gram rate.

Once the documents have been submitted you can expect quick disbursal of the loan amount.

Consider Reading: 6 Common Mistakes to Avoid When Applying for a Gold Loan

Below is the comparison of Canara Bank Gold Loan interest rate and loan amount with those of other popular lenders.

What is Canara bank Swarna loan interest rate?
Canara bank jewel loan interest rate is the same as the Canara Bank Gold Interest Rate which is 7.65% p.a. onwards.

Is Canara Bank agriculture gold loan provided by the bank?
Canara Bank agriculture gold loan is not a separate scheme provided by the bank. However, you may use Canara Bank Gold Loan to meet your emergency expenses.

What is the Canara Bank Gold Loan per gram rate?
Canara Bank Gold Loan per gram rate will be shared at the time of application. It is dependent on the purity of the gold article and varies from place to place as well.

When will I get my gold jewellery back?
The jewellery will be released once you repay your gold loan as well as interest accrued to the bank. The repayment can be done via cash, DD, cheque.

Is my gold safe with Canara Bank?
Yes, the gold pledged by you will be kept safely in a vault. After clearing your outstanding balance, your gold jewellery will be returned to you.