If you are in need of a Canara Bank Gold Loan, it is always good to know about what the different features are and if they might help you decide which loan to choose. This article will tell you about the Canara Bank Gold Loan. Find out about this loan and its various features, such as interest rates and repayment options.
Canara Bank Gold Loan Highlights
|Interest Rate||Starting at 7.65% p.a.|
|Loan Amount||Up to Rs. 20 lakh|
|Loan Tenure||Up to 24 months|
|Processing Charges||0.25% of the loan amount|
Canara Bank Gold Loan
Canara Bank is one of the leading banks in India and offers a wide range of products and services to its customers. One such product is the Canara Bank Gold Loan. The Gold Loan is a secured loan that allows consumers to borrow up to 25, lakh rupees with an interest rate of 7.65% p.a. You can repay the loan amount in 6 to 24 months and you can also prepay your loan without any additional charges. In addition, the facility allows customers to borrow up to 80% of the value of their gold jewellery.
This loan has several benefits that make it a good option for borrowers. First, the interest rate is fixed for the life of the loan, which means that it will not increase over time. Additionally, the loan has no credit check requirement and is available to both individuals and businesses. Finally, the loan can be used for fulfilling your personal requirement like marriage, shopping, travel, bill payment, loan repayments, and purchase of other precious metals.
Canara Bank Gold Loan Interest Rates
Canara Bank offers a gold loan with an interest rate of 7.65% p.a. onwards. Canara Bank offers a wide range of gold loan products. The interest rate for a gold loan can vary based on a number of factors, such as the amount borrowed and the duration of the loan. Such as the amount borrowed, the tenure of the loan and the purity of the gold. Canara Bank offers three types of Gold Loan. These are:
|Swarna Express||6 months|
|Swarna Loan||12 months|
|Swarna Overdraft||24 months|
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Canara Bank Gold Loan EMI Calculator
If you are looking for a quick and easy way to calculate your EMIs for a Canara Bank gold loan, then this calculator is for you! Simply enter the amount of money you want to borrow, the annual percentage rate (APR) and the terms of the loan and you’ll get an estimate of your monthly payments.
Canara Bank Gold Loan Eligibility
If you want to apply for a Canara Bank Gold Loan, you will need to meet eligibility requirements.
- You must be an Indian citizen.
- You must be above 18 years of age.
- You must have a regular source of income.
- You must have gold coins or jewellery that you own.
Canara Bank Gold Loan Documents Required
If you want to get a gold loan from Canara bank, then you have to submit some important documents to the bank.
- Your identification card
- Proof of address
- Proof of income (If Required)
- Your bank statement
- Certificate by the Jewel Appraiser. The appraiser will be arranged by the bank.
Canara Bank Gold Loan Features & Benefits
Canara Bank is one of the most reputed names in the Indian banking industry. They offer a wide range of products and services to their customers, including gold loans. The following are some of the features and benefits of Canara Bank gold loans:
- The interest rates on Gold Loan offered by Canara Bank are among the lowest in the market. This makes them a very attractive option for borrowers who want to take a gold loan to meet their individual requirements.
- The repayment period for gold loans offered by Canara Bank is typically between 6,12 and 24 months, which makes them convenient choices for borrowers who need short-term funds to cover emergency expenses.
- Gold loan products from Canara Bank are conducted through a network of approved banks and NBFCs across India. This minimizes the risk of loan defaults and fraudulent activities.
- Canara Bank offers a number of other financial products, such as personal loans and home loans, that can be used as collateral for gold loans. This gives borrowers a wider range of options when it comes to borrowing money.
- You can easily access the funds you need when you need.
How to Apply for Canara Bank Gold Loan
If you are looking for a way to get a quick and easy loan, then the Canara Bank Gold Loan may be the solution for you. This loan is available to residents of India and offers high-interest rates and fast processing times. Here are some tips on how to apply for Canara bank gold loan:
- First, gather all of the necessary documentation required for the loan application process. This includes your identity documents, recent bank statements, and proof of residence.
- Next, visit the nearest Canara bank branch and fill out the application form. You will need your bank details as well as your application form number to complete the process.
- You will need to provide identification documents and proof of residence in order to receive your loan.
- If you are approved for the gold loan, Canara Bank will process the funds within 48 hours. Be sure to keep an eye on your bank statement in order to track the progress of your loan application!
Canara Bank Gold Loan Customer Care Number
If you have any queries or complaints about your Canara Bank gold loan, you can call their customer care number. They are available 24/7 to assist you with whatever issue you may be facing.
|Toll-Free Number for net banking||1800 425 0018|
|Toll-Free Number for Gold Loan||1800 425 2470|
If you’re looking for a safe, secure way to borrow money, look no further than Canara Bank’s gold loan program. Not only does this loan offer competitive interest rates and terms, but it comes with a number of benefits that make it an excellent choice for borrowers. So whether you’re in the market for a short-term loan or something more long-term, the gold loan at Canara Bank is definitely worth considering.
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Q. What is the interest rate on a Canara Bank gold loan?
Ans. The interest rate on a Canara Bank gold loan is 7.65% p.a.
Q. What is the minimum amount I can borrow for a gold loan?
Ans. The minimum amount you can borrow for a gold loan with Canara Bank is Rs 5,000
Q. How long does it take for the bank to approve my loan?
Ans. it typically takes about 1-2 days for the bank to approve your loan request.
Q. Can I get a gold loan from Canara Bank if I don’t have co-applicants?
Ans. Canara Bank gives you the ability to borrow money with no co-applicant.
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