Canara Bank Gold Loan


⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

    I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

    Canara Bank Gold Loan

    Canara Bank Gold Loan Key Features – Apply Now

    Canara Bank Gold Loan Interest Rate 7% per annum
    Canara Bank Gold Loan Per Gram Per Gram Today ₹ 3,506 to ₹ 4,621
    Canara Bank Gold Loan Age Criteria 18 to 65 years
    Canara Bank Gold Loan Maximum Loan Amount Up to 1 crore
    Canara Bank Minimum Loan Amount Up to 75% LTV
    Canara Bank Prepayment Charges  2%+GST (Within 3 Months), 0 (After 3 months)
    Canara Bank Maximum Loan Tenure 10 yrs (After 1-year renewal is required)
    Canara Bank Minimum EMI Per Lakh Rs. 833

    gold loan

    Canara Bank Gold Loan Explanation

    Canara Bank’s gold loan can be beneficial to meet a critical necessity for cash by vowing your gold enhancements or gold coins as protection. Gold development is most likely the speediest sort of securing and can be profited by existing customers of Canara Bank similarly as new borrowers. With Canara Bank, you will not simply benefit from the gold credit adequately yet moreover at a genuine advance expense. Here is all you need to consider Canara Bank gold credit financing cost, residency, aggregate, and various terms and conditions.

    gold loan

    Canara Bank Comparision With Other Banks

    Particulars Canara Bank SBI HDFC Bank
    Interest Rate 7% per annum 7.50% – 7.50% 9.90% – 17.55%
    Processing Fees Up to 1% of the loan amount, minimum Rs. 750 0.50% of the loan amount, minimum Rs. 500 1.50% of the loan amount
    Loan Tenure 10 yrs (After 1-year renewal is required) 3 months to 36 months 3 months to 24 months
    Loan Amount ₹ 10,000 to ₹ 1 crore ₹ 20,000 to ₹ 20 Lakh ₹ 25,000 to ₹ 50 Lakh
    Foreclosure Charges Up to 0.50% Nil Nil after 3 months
    Repayment Options Y Y Y
    Lowest EMI Per Lakh ₹ 8,683 per lakh ₹ 3,111 per lakh ₹ 4,610 per lakh

    gold loan

    Tips To Get Gold Loan From Canara Bank Fast

    • Canara Bank recognizes both hallmarked and non-hallmarked decorations for getting a gold development. Regardless, you can get the most raised gold credit per gram for brand name embellishments, as it diminishes the chances of under-valuation by the valuer. Moreover, a couple of banks charge lower getting ready costs on hallmarked gold diamonds.
    • Canara Bank changes the expense of 22-carat gold for the perfection of gold. Subsequently, consistently attempt to get against higher virtue adornments as it will bring you the most elevated sum for gold advance.
    • Canara Bank will process the net heap of diamonds to discover the proportion of advance against the gold you can get. Persistently, endeavour to pick embellishments that have the least gems and stones. A huge part of the banks will reduce the weight of pearls and stones from a total heap of embellishments. Canara Bank will rely upon the report of his gold valuer to figure the net weight.
    • Higher the substantialness of pearls and stones in decorations, cut down the net weight and assessment of diamonds which achieves the lower proportion of jewel advance you can get Further, Canara Bank will not recognize gem diamonds if the gold used is under 18-carat flawlessness. By far most of the valuable stone decorations are made in 16 carats to 18-carat gold and from this time forward, will achieve low gold development per gram.
    • Ceaselessly endeavour to get the best LTV on the assessment of gold. Canara Bank is allowed by RBI to charge a most extraordinary LTV of up to 85% to process the proportion of gold credit you are equipped for.

    gold loan

    Introduction to Canara Bank gold loan

    The best gold loan is a very secured loan offered by the Canara banks against the applicant’s self-owned gold to be kept as collateral or very much security with the lender. Financial institutions always offer these secured gold loans by keeping the applicant’s self-owned gold jewellery, coins, or other things ornaments as collateral or security, which is also returned to the borrower upon repayment of the gold loan and in full. Usually, the gold loan, very much secured with any of the gold ornaments, is offered for short- to medium-term duration. 

    gold loan

    Canara Bank Gold Loan EMI Calculator

    The best gold loan EMI Calculator is the online tool that individuals or applicants can also access to calculate the EMI or instalment against this loan they also plan to avail, against their self-owned gold or gold ornaments. Their self-owned gold or gold ornaments shall also be kept as collateral or very much security with the lender until the loan is repaid in a period. Gold Loan EMI calculator is the best feature that can always help an applicant to get the approx. The EMI also needs to be paid to repay whatever borrowed amount. 

    • This also saves you from very much time of tedious and fault-prone calculations
    • This incorporates the latest gold rate into the calculation
    • This also allows you to try out different types of options to find best of the Gold loan that is suitable for your requirement
    • By knowing the gold loan or other loan EMI payable, you can adjust the monthly budget so that you can also make timely payments of the gold loan

    gold loan

    Advantages Of Canara Bank Gold Loan

    Advantages of Canara Bank Gold Loan via Dialabank

    1. Instant Gold Loan: The sum of the Loan in Canara Bank ranges from Rs.10,000 to Rs.1 crore.
    2. Gold Ornament: The loan can only be availed on loan ornaments.
    3. Loan Tenure: When it comes to avail of a gold loan, the Canara Gold Loan holds a maximum duration of 10 years.
    4. Value for Gold: A professional Appraiser will be made available by the bank for evaluating the purity of your gold.
    5. Safety and security: After figuring out the valuation of Gold, the professionals put the Gold in a sealed pouch, packs it, and safely place it in the vault of the bank. The procedure takes place in the presence of the client. This makes sure that the borrower’s Gold is entirely safe and secured in the bank’s possession.
    6. Approval duration: Within 30 minutes, you can get the Loan.
    7. Foreclosure: Canara Bank charges the borrower up to 1% of the outstanding principal debt in the event of a Gold Loan.
    8. Bank provides special offers to the existing account holders.
    9. THE maximum LTV ratio is 75%, and it is fixed by RBI (Reserve Bank of India).
    10. Many banks grant higher interest rates for a shorter tenure and lower rates of interest for a higher tenure, but Canara Bank bank doesn’t do so. The mandate for the gold loan is fixed for all customers. It is up to 10 years.
    11. The bank provides a Gold Loan for agricultural activities at lower rates of interest.

    gold loan

    What types of gold can be used to secure a gold loan

    To apply for the best of the Canara Bank gold loan, you would have to visit one of their branches. Contact the branch office who would also provide you with the application form and also guide you through the whole process. Afterwards, the gold appraiser would set the value of your gold and accordingly, the bank would let you know the amount of the gold loan you can also apply for as per this best and safe Canara Bank gold loan per gram rate. You can also pledge gold, coins, jewellery, or more of the things. If you sell, then this would be a very secured loan. Gold loans are quick and very easy ways to monetize the gold and get huge money. 

    This type of best gold loan can also be applied by anyone who also owns gold, either in jewellery and gold coins. Apart from any of the banks and your local jewellers, NBFCs always specialize in giving the best of gold loans to retail customers. Most of the banks are always using NBFC as their last-mile link for providing the best of the gold loans in rural and semi-urban areas.

    gold loan

    How Much Gold Loan Can I Get through Canara Bank?

    To the latest, Canara Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621. 22-carat jewellery is calculated at a maximum LTV of 75%. The loan per gram keeps on changing every day as per the price of the gold.

    gold loan

    Canara Bank Gold Loan Per Gram Rate – Oct 21 2021

    Updated - Gold Loan Per Gram Rate w.e.f Oct 21 2021

    Gold Weight Gold Purity
    24 Carat
    Gold Purity
    22 Carat
    Gold Purity
    20 Carat
    Gold Purity
    18 Carat
    1 gram 4621 4290 3900 3510
    10 gram 46210 42900 39000 35100
    20 gram 93600 85800 78000 70200
    30 gram 140400 128700 117000 105300
    40 gram 187200 171600 156000 140400
    50 gram 234000 214500 195000 175500
    100 gram 468000 429000 390000 351000
    200 gram 936000 858000 780000 702000
    300 gram 1404000 1287000 1170000 1053000
    400 gram 1872000 1716000 1560000 1404000
    500 gram 2340000 2145000 1950000 1755000

    gold loan

    About Canara Bank Bank Gold Loan

    Canara Bank Gold loan

    As we know, a bank comprehends the value of a client’s satisfaction, needs, and assets and subsequently gives the genuine worth of it at the critical moment through its Gold Loan Facility. Canara Bank Gold Loan is one of the natural and quick loans with a reasonable interest rate.

    It’s a hassle-free loan facility with no Equated Monthly Installment stresses and quick approval. Gold Loans give funds for expenses such as education, holiday, agricultural requirement, or other little essentials. With a specific end goal to grab Gold Loan from Canara Bank, you need to apply here.

    Canara Bank is one of the largest public sector banks as well as the most reliable banks owned by the Government of India. It is headquartered in Bengaluru and the bank was established at Mangalore in 1906. It offers many services such as loans, insurance, finance, banking, and wealth administration. The gold loan provided by Canara Bank is one of the major products the bank has to offer.

    There are so many banks and non-banking business organizations that grant gold loans now, but Canara Bank bank is the most trustworthy. The bank has a vast area of the interface, and it has been assisting consumers with high-quality and most secured commercial assistance.

    • Canara Bank Gold Loan Interest Rate is 7% per annum.
    • Canara Bank Gold Loan Per Gram is Rs.₹ 3,506 to ₹ 4,621.
    • Canara Bank Gold Loan Tenure is up to 10 years. (after 1-year renewal)
    • Canara Bank Gold Loan processing fee is 1% + GST.

    gold loan

    Canara Bank Gold Loan Eligibility

    The Canara Bank Gold loan eligibility requirements are as follows:

    Age 18-75 years
    Requirements Gold ornaments (18-22 carats)
    CIBIL Score Above 500

    gold loan

    Canara Bank Gold Loan Documents Required

    Availing the Canara Bank Gold loan requires the following documents:

    Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID
    Residence Proof Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
    Agriculture Proof ( only if applicable) Agriculture Land Ownership Proof
    Photographs 2 Passport sized colored

    gold loan

    Canara Bank Gold Loan Interest Rate, Fees, and Charges

    Canara Bank Gold Loan Rate of Interest 7% per annum
    Processing Fee 1% of the loan amount
    Renewal Fees Rs 250- Rs 500 (depending on the loan amount)
    Loan Amount ₹ 10,000 to ₹ 1 crore
    Prepayment Charges 1% of the outstanding principal amount
    Document Charges Rs 199 (for loans up to 1-year tenure)

    gold loan

    Canara Bank Gold Loan Schemes

    • Overdraft Facility: Most popularly used by self-employed people because of the fluctuating money requirements of such business people. Through this service, one can withdraw money according to his own needs.
    • Bullet Repayment: This is the most often used means for short duration loans when it comes to repayment of Loan Against Gold. In this arrangement, the borrower has to pay the Canara Bank Gold Loan Interest Rate throughout the tenure of the loan. This means that the principal value has to be settled at the finish of the loan tenure.
    • EMI Facility: This is another scheme that customers can choose for the repayment mode of the Loan Against Gold. In this, a fixed amount is calculated that the applicant has to pay monthly in the form of monthly instalments. This value includes a part of the principal amount and the Canara Gold Loan Interest Rate.

    gold loan

    Canara Bank Gold Loan Details

    1. Purpose – The motive here is to cover every type of need for Agriculture.
    2. Eligibility – Any of the individuals who is the owner of ornaments or gold jewellery or coins and the account holder of any of the branches are eligible for the Canara Bank Gold Loan.
    3. Quantum of Loan – For Agriculture/MSME/OPS/Retails/Consumption Purpose, the total amount is Rs 15-25 lakhs.
    4. Security – The bank must pledge the belongings like ornaments or gold jewellery, or coins.
    5. Margin – For Agricultural purpose, this is 15-20% and for /MSME/OPS it is 25% (15% till 31.03.2021)
    6. Interest Rates – For Agriculture, the limit is 15 lakhs. The interest rate against hallmarked jewellery and gold coins is 7.35% and 7.40% for everyday jewellery.
    7. Gold Accepted Gold Ornaments of up to 50 grams with a purity of 18 to 22 carat is accepted.

    gold loan

    Features of Canara Bank Gold Loan (Swarna Loan)

    • Less Paper Work – Canara Bank has reduced the paperwork for this loan, making it trouble-free and easy to avail.
    • Flexible repayment – The loan amount could be repaid within a period of 1 year, with the interest payable only on maturity.
    • Multipurpose Loan – This loan can be used to meet any financial emergency, with certain conditions applied.
    • Competitive Interest Rates – Swarna Loan comes with a competitive Rate of Interest, making a loan financially tenable for everyone.
    • Low processing fee – The processing fee for this scheme charged is very low.
    • Security/Guarantor – Applicant does not need to submit any Guarantor.
    • Max. amount of loan – Under this Scheme, the Loan amounts ranges from Rs.10,000/ to Rs 10,00,000 lakh can be availed.

    Eligibility criteria to avail Canara Bank Swarna Loan

    Income – People applying for the loan should be salaried/self-employed with a sufficient source of income.
    Account Holder – People applying for the loan should have existing Savings Bank accounts with Canara Bank. Those individuals who don’t have an account needs to be introduced by trusted customers.

    Canara Bank Gold Loan – Documents required (Swarna Loan)

    ID & Address Proof – Passport, PAN card, DL, etc.
    Application form – Filled with valid details signed application form.
    Income proof – Form 16 or Salary Slips from the employer.
    Gold certificate – Certificate required from the jeweller mentioning the quality of Gold.

    Fees and Charges for Swarna Loan

    Processing Fee – 1% of the Loan Amount, Minimum Rs. 1000/- and Maximum rs. 5000/-

    Appraisal Fees – Depends on the case. 

    Canara Bank Gold Loan Apply Online

    The process to apply online for Canara Bank Gold Loan is as follows:

    • Visit us at Dialabank.
    • You can find Canara bank gold loan details on the website.
    • Simply fill a user-friendly form for a gold loan, with the necessary details required.
    • Our relationship manager will get in touch with you over your provided number.
    • Choose the best loan for yourself and avail it instantly with Dialabank.

    gold loan

    Canara Bank Gold Loan EMI Calculator

    Rate 6 months 1 Yr 2 Yrs 3 Yrs
    7.00% 17008 8652 4477 3088
    8.00% 17058 8699 4523 3134
    8.50% 17082 8722 4546 3157
    9.00% 17107 8745 4568 3180
    9.50% 17131 8678 4591 3203
    10.00% 17156 8791 4614 3227
    10.50% 17181 8815 4637 3250
    11.00% 17205 8838 4661 3274
    11.50% 17230 8861 4684 3298
    12.00% 17254 8885 4707 3321
    12.50% 17279 8908 4731 3345
    13.00% 17304 8932 4754 3369
    13.50% 17329 8955 4778 3393
    14.00% 17354 8979 4801 3418
    14.50% 17378 9002 4825 3442
    15.00% 17403 9026 4845 3466

    How To Pay Your Canara Bank Gold Loan EMI?

    Your Canara Bank gold advance can be reimbursed in the following three different ways.

    1. Standing Instruction (SI): for current holders of the Canara Bank account.
    2. Electronic Clearing Service (ECS): for borrowers of non-Canara Bank.
    3. Post-Dated Checks (PDC): Post-dated cheques can be posted from a non – Canara Bank account nearby.

    gold loan

    Canara Bank Gold Loan Contact Number

    For any sort of assistance regarding the Canara Bank gold loan, you can contact us on 9878981144.

    gold loan

    Gold Ornaments Accepted By Canara Bank Gold Loan

    • Canara Bank bank admits only Gold of 18 carats and 22 carats.
    • The Bank accepts only gold jewellery as security.
    • Minted coins are not granted.

    gold loan

    Use Of Canara Bank Gold Loan

    1. Faster processing – Gold loans are regarded as secured loans. Therefore, they do not require any problematic acceptability guidelines terms, and documentation, which presents it as one of the most rapid processing loans.
    2. Lower interest rate – In comparison with unsecured loans such as personal loans, gold loans are secured loans, need a more reasonable price of interest on the loan amount.
    3. Multipurpose – The loan value can be used for numerous objectives like financing a holiday, comprising wedding investments, clearing off pharmaceutical bills, etc.
    4. Business Purpose- You can apply for the Canara Bank Bank gold loan for all your shopping needs, such as buying raw materials, generating sales, etc.
    5. Agricultural Purpose- Get a special rate of interest on the gold loans for cultivation persistence.

    gold loan

    Canara Bank Agricultural Jewel Loan Scheme

    Scheme Agricultural Jewel Loan Scheme
    Interest Rate  Starting from 7% per annum (depends on the sum of the loan)
    Least amount of Loan Depends on the value of the jewel which is being kept as security
    Loan period Adjustment of advance sum inside 2 months from the date of reap of yields

    gold loan

    Benefits Of Canara Bank Agricultural Jewel Loan Scheme

    • No arranging cost is appropriate up to ₹ 25,000.
    • 0.30% of the credit aggregate, Minimum of ₹ 300 charge is material to the complete going from above ₹  25,000 – not really ₹ 5 lakh.
    • 0.28% of the credit complete, subject to at any rate Rs.1,500 is proper to the total more than Rs.5 lakh regardless under Rs.1 crore.

    gold loan

    Canara Bank Gold Loan Overdraft Scheme

    The fee is not payable as for a standard loan and has both options, secured and unsecured ODs depending on your preferences and eligibility. The Overdraft Center at Canara Bank Bank is simple and easy to understand. An overdraft may be allowed up to a maximum amount of Rs. 15 lakh.

    gold loan

    Canara Bank Gold Loan Key Highlights

    Age 18-75 years
    Minimum Loan Amount Rs. 25,001
    Maximum Loan Amount Rs. 25 Lakh
    Canara Bank Gold Loan Interest Rate 7% per annum
    Loan Tenure From 3 months up to 3 years
    Gold Items accepted Jewelry and gold coins sold by banks
    Canara Bank Gold Loan Processing Charges 1% of the loan amount

    gold loan

    How Does Canara Bank Gold Loan Work, Here’s An Example

    The development of total capability is settled dependent on the faultlessness of gold, LTV, and the weight of gold. Expect Mr An and his two partners Mr B and Mr C own different proportions of gold with moving perfection. Mr A has 50 grams of gold of 22 carats. Mr B has 60 grams of gold with uprightness of 20 carats and Mr C has 70 grams of gold with goodness or 22 carats. They approach Canara Bank to benefit from a gold development. The worth applied to learn their gold credit aggregate capability reliant on the most outrageous LTV of 85% will vary by the excellence of gold and subsequently, will achieve moving gold development capability.

    gold loan

    Applying through Dialabank websites?

    You can apply for a gold loan through the Dialabank website. This would be helpful for you, and this website is safest for you if you wish to choose Dialabank. 

    gold loan

    FAQs About Canara Bank Gold Loan

    What is Canara Bank Gold Loan?

    Canara Bank Gold Loan is a borrowing option available to all individuals who own any form of gold jewellery and are in urgent need of cash. The Canara Bank Gold loan is a multi-purpose loan and can be used for any sort of financial constraints like medical expenses, weddings, etc.

    How Can I Get Gold Loan From Canara Bank Bank?

    You can get a gold loan from Canara Bank Bank in the following few clicks:

    • Fill in your necessary details in the form available on Dialabank.
    • Our trained relationship manager will get back to you within 30 minutes.
    • We will suggest you the Loan which meets your requirements, in your specific region.
    • Visit the nearest assigned branch.
    • Get the loan amount in just 30 minutes.

    How much is the Canara bank gold loan rate per gram?

    Canara Bank Gold Loan Per Gram Today Rate is Rs. ₹ 3,506 to ₹ 4,621. It varies according to the quality of your gold.

    How Does Canara Bank Gold Loan work?

    The Canara Bank Gold loan works as a simple borrowing service available for any individual who requires urgent cash and has gold ornaments available for collateral security. On pledging the gold with the bank, the borrower can avail up to 75% of the LTV of the gold which can be repaid later in the form of EMIs.

    What is the Gold Loan interest rate in Canara Bank?

    The Canara Bank Gold Loan Interest Rate Online start from 7% per annum.

    How to calculate Canara bank’s gold loan interest?

    To calculate the gold loan interest in Canara Bank just subtract the principal amount from the total loan amount to be paid by the borrower.

    What is the maximum gold loan amount I can avail of on a gold loan from Canara Bank?

    The maximum gold loan amount that can be availed on a gold loan from Canara Bank is up to 75% of the gold jewellery’s value kept as collateral.

    What is the loan tenure of the Canara Bank gold loan?

    The loan tenure of the Canara Bank gold loan is up to 10 years. But you will be required to renew your loan after 1 year.

    How can I apply for an EMI moratorium on the Canara Bank Gold loan?

    You can ask for an EMI Moratorium on the Canara Bank Gold loan online by logging in with your credentials or can also go to the bank individually. You require to present the moratorium offers at least five functioning days ere your EMI return’s scheduled date.

    How to pay the Canara Bank Gold loan through a credit card?

    You will not be able to pay the Canara Bank Gold loan through credit cards as per RBI Guidelines. You can use various other modes like mobile banking, debit cards, cheques, demand drafts for loan repayment.

    ✅ What is the Canara Bank Gold Loan customer care number?

    For contacting the Canara Bank Gold loan customer care call at 9878981144 for any query.

    ✅ What is the Canara Bank Gold Loan closure procedure?

    • Just go to the bank with the documents.
    • Write a letter for pre-closure of the Canara Bank Gold loan account.
    • Pay the pre-closure charges as per Canara Bank Gold Loan.

    ✅ What is the Canara Bank Gold Loan preclosure charge?

    Up to 2% preclosure charge before 3 months, after that 1%.

    ✅ What is the Canara Bank Gold Loan overdraft scheme?

    The fee is not payable as for a standard loan and has both options, secured and unsecured ODs depending on your preferences and eligibility. The Overdraft Center at Canara Bank Bank is simple and easy to understand. An overdraft may be allowed up to a maximum amount of Rs. 15 lakh.

    ✅ What is the Canara Bank Gold Loan’s maximum tenure?

    The maximum tenure of the Canara Bank Gold loan is 10 years where a 1-year renewal is required.

     What is the minimum gold loan tenure?

    The minimum gold loan tenure is 6 months.

    What is the foreclosure procedure for Canara Bank Gold Loan?

    Canara Bank has 0.50% as Foreclosure charges.

    Table of Contents