To overcome your short term needs like medical expenses, paying debt, bills etc you can avail a financial help from Canara bank gold loan scheme. The Swarna Loan scheme of Canara bank is the best loan present in the market. With the lowest rate of interest and easy availability makes it one of the best service providers in the amrket for providing gold loans.
Why Canara Bank Gold Loan?
- Loan Amount: From Minimum Rs. 10,000/- to a maximum amount of Rs.10,00,000 can be availed.
- EMI options: Hassle-free payment of EMIs.
- Instant liquidity: Enjoy the liquidity of cash at any time. Generate instant cash in time of need.
- Security: The customer will be assured that their gold is in safe hands.
- Interest Rates: Individual can get the advantage of lower interest rates for this Loan.
- A person can also apply for Gold Finance on Agricultural Land on their name and get a discount of 1% on the interest rate charged.
|Loan Tenure / Period||Rate of Interest (p.a.)||Valuation Fee|
|12 months||Base Rate +3.10%||NIL|
Base Rate of the Bank w.e.f. 07.10.2015 – 9.65%
AVAIL GOLD LOAN IN 5 MINUTES NOW!
Call us on 60011600 or 9878981166
Features of Gold Loan
Following are the Features of Gold Loan:
- You can avail Loan up to Rs. 10 lac or more & up to 70% of the value for any purpose.
- You get 100% Safety & Security of your Gold Jewellery.
- Get your Loan processed in less than 30 minutes
- Enjoy Anytime Liquidity.
- No EMI, Service only Interest and enjoy the Loan facility
- Lower Interest Rates
- Simple documentation and fast processing.
- Overdraft limit varies depending on the market rate of gold.
- Interest rate is payable only on the amount of the overdraft that you use.
Advantages of Taking a Gold Loan
Following are the Advantages of a Gold Loan:
No income and salary criteria- Gold loans do not require any documentation or validation of income or salary of the person. So even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset i.e. gold in return of the money.
Can be provided in cases of bad credit history as well as low-income level.
Relatively Lower interest rates- Another advantage of taking a gold loan is that they are available at low-interest rates say 12-16% annually in comparison to the personal loans interest rates of 15-26% per annum.
You need to repay only the interest- You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
Total Convenience- The most convenient of all the loans is gold loan. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately
Less processing time- No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.
Documents Required for Gold Loan
- Proof of Identity: Passport Copy/ Voters ID card/ Driving License.
- Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.
- Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.
- 2 passport size photographs.
Canara Bank Gold Loan Procedure
- First of all, Apply online for the loan against gold.
- Afterwards, borrower will have to submit an application form along with his / her valuable Gold asset.
- Then the bank will evaluate the real value of your Gold in terms of its purity and weight.
- Finally, the Loan is sanctioned to the applicant after checking the genuineness of the asset provided.
- The whole Gold Loan process takes around.
* For any assistance regarding Gold Loan, call us on 60011600, our trained Relationship Managers will solve all your queries.
About Canara Bank
Canara Bank was started in 1906 for the welfare of the people of Karnataka and to create financial awareness among the people. They work on the belief of serving the community as a whole.
Leading Gold Loan Providers (Click to Apply)