Canara Bank Gold Loan Interest Rate, Details, Apply 2024: In this article, we will know in detail what is Canara Bank Gold Loan, what is the eligibility of this loan, what are the documents and how can we apply for this gold loan etc., so you can complete this article. Read till the end.
When we take a loan by pledging our gold, it is a gold loan. You can take Canara Bank Gold Loan for any type of your expenses like wedding expenses, medical emergency, travel, higher education, starting your own small business etc. Canara Bank provides Gold Loan to its customers at attractive interest rates.
If you need money urgently and you do not have money, then you can join Canara Bank Gold Loan in this situation.
Canara Bank Gold Loan
Gold loan comes under the category of a Secured Loan, in which you have to pledge your gold as collateral or security. Anyone can take a gold loan. Before giving loan, the bank checks the CIBIL score of the customer. You can apply for Canara Bank Gold Loan both online and offline. You can take advantage of this loan to meet any of your personal or business expenses.
If your CIBIL score is very good and you fulfill all the conditions of the bank, then you can take advantage of gold loan interest rate at attractive interest rates. You can also meet your expenses by joining Canara Bank personal loan, but the personal loan interest rate can be higher than the gold loan interest rate. Canara Bank offers many types of Instant Gold Loans according to the needs of the customers.
The maximum loan tenure of Canara Bank Gold Loan is up to 2 years. The bank mainly offers Swarna Loan, Swarna Overdraft and Swarna Express. You can get a gold loan up to a maximum of Rs 35 lakh from Canara Bank. Canara Bank Gold Loan interest rate starts from 7.35% p.a.
Canara Bank Gold Loan Benefits and Features
- You can take advantage of this loan to meet any of your personal or business needs.
- Loan benefits with hassle free, fast processing and attractive interest rates.
- Canara Bank Gold Loan interest rate starts from 7.35% p.a. If the applicant’s profile is very good then the bank can also provide loan at low interest rate.
- Under Canara Bank Instant Gold Loan, you can get loan from minimum Rs 5000 to maximum Rs 35 lakh.
- You can take this loan for a maximum loan tenure of 2 years.
- You can pay your loan through bullet payment mode.
- The loan tenure for Swarna Express Gold loan is up to 6 months.
- You can mortgage gold ornaments, jewelery or gold coins to take a loan.
- Canara Bank Gold Loan processing fee is up to 0.50% of the loan amount subject to a minimum of Rs.500 and a maximum of Rs.5000.
- With the help of gold loan calculator, you can calculate your loan so that you can find out how much loan you can get per gram of gold (Canara Bank Gold loan per gram).
Canara Bank Gold Loan Eligibility
- Any salaried and self-employed individual can apply for this loan.
- Only those people can apply for this loan whose current account is in Canara Bank.
- People who do not have an account need to be presented by trusted customers.
- If you do not already have an account with this bank, then you can take advantage of this loan by opening a savings account.
Documents Need for Canara Bank Gold Loan
Before applying for a gold loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. For more information about the document, you can contact your nearest bank branch.
To apply you must have the following documents:
- Application Form for Gold Loan
- Certificate by Jewel Appraiser (Gold Certificate) (to be arranged by the Bank)
- Salary Certificate and Form No. 16 / Income Proof
- passport size photo
- Proof of residence
- proof of identification
Canara Bank Gold loan interest rate 2023
Canara Bank Gold Loan interest rate starts from 7.35% p.a. Before applying for a gold loan, it is important for you to be aware of the Canara Bank gold loan interest rate. If you are an existing customer of the bank and your credit score is very good then you can get gold loan at low interest rate.
You should compare various gold loan interest rates so that you can find the cheapest gold loan. Gold loan interest rate affects the EMI of the loan.
Canara bank gold loan calculator
Before applying for a gold loan, you should calculate the EMI of your loan so that you can get an idea of how much loan you are eligible for. You can calculate the loan given per gram of gold (Gold Loan Per Gram) by visiting the official website of the bank with the help of Gold Loan Calculator.
You should calculate and compare the gold loan EMI of different banks so that you can find the cheapest gold loan.
Canara Bank Gold Loan Apply
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. Follow the steps given below to apply:
Canara Bank Gold Loan Apply Online
- To apply online, first you have to visit the official website of the bank canarabank.com.
- On the home page of the website, the option of Gold Loan will appear in the option of Loans, click on it.
- After clicking, all the information related to gold loan will come in front of you.
- You have to read this information correctly.
- Click on Apply Now option to apply.
- The form will open in front of you.
- Enter the requested information in it and click on submit.
- After you submit the form, the bank officials will contact you and the loan process will be issued further.
How to apply offline?
- To apply offline, you have to first go to your nearest Canara Bank branch.
- Go to the bank branch and contact the bank employee who will provide you complete information about the gold loan.
- Then your gold will be assessed.
- Your eligibility will be calculated based on the purity of your gold.
- Your documents will be verified.
- Then you have to get the Canara Bank Gold Loan Application Form PDF and enter the requested information in it.
- Then the necessary documents have to be attached with the form and it has to be deposited in the bank there.
- If your loan is approved then the loan amount is transferred to your bank account.
Canara Bank Gold Loan Contact Number
If you are facing any problem in applying for the loan, then you can get information by calling the customer care number of the bank.
- Toll Free Numbers : 1800 425 0018 / 1800 103 0018 / 1800 208 3333 / 1800 3011 3333
My Last Thought:
In this article, we have provided you complete information about Canara Bank Gold Loan. Any person who is in urgent need of money can apply for this Canara Bank Gold Loan.
Hope friends, you have found this article informative. If you liked the information given in this article, then please share it as much as possible.
FAQs on Canara Bank Gold Loan:
What is the gold loan rate in Canara Bank?
The interest rate of this loan starts from 7.35% per annum.
How much gold loan can I take from Canara Bank?
You can take a loan from Rs 5000 to Rs 35 lakh.
For what loan tenure can I take this gold loan?
For loan tenure of 2 years.
What is the processing fee for Gold Loan?
Up to 0.50% of the loan amount + GST.
How to apply for Canara Bank Gold Loan?
Complete information about applying for gold loan is given in this article.