Canera Bank Gold Loan Interest Rates, EMI Calculator, Customer care, Eligibility

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CANARA BANK GOLD LOAN 

About Canara Bank Gold Loan : 

Canara bank is one of the largest and oldest public sector banks owned by the government of india. It’s headquarters at Bengaluru and established in 1906. In June 2006, the bank completed a century of operation in the Indian Banking Industry. Today, Canara Bank occupies a premier position in the committee of Indian Banks.

Canara Bank offers gold loans to help you meet short term needs like medical expenses, wedding in a family or any other contingencies. The interest rate of Canara bank for gold loans starts from 13% per annum.

Benefits of Canara Bank Gold Loan :

1. Reasonable rate of interest 

Canara bank offers a reasonable rate of interest to the customers to take a gold loan. The interest rate starts from 13% per annum. Basically the rate of interest will be decided by the bank according to the customer age, employment type, overall profile and the most probably Cibil score. So, there will be a very good chance for the customer to get a gold loan at an attractive and reasonable interest rate.

2. Flexible repayment option :

The minimum repayment tenure of Canara Bank Gold loan is 1 year, so the borrowers can repay the loan within a period of 1 year.

3. Low processing fee :

The Canara Bank charges low processing fees is 1% of the loan amount (Minimum Rs.1000 and Maximum Rs.5000).

4. Minimal paperwork :

Canara Bank gold loan provides less and minimal documentation for the customers. It is not required to submit so many documents for a car loan. The process of documentation is very simple and fast.

Fees and Charges of Canara Bank Gold Loan :

1. Processing fee =  1% of the loan amount (Minimum Rs.1000 and Maximum Rs.5000)

2. No foreclosure and part payment charges 

Eligibility Criteria for Canara Bank Gold Loan :

1. Applicants should be salaried / self employed with a sufficient source of income.

2. Applicants should have an existing saving bank account with Canara Bank.

3. The purity of eligible gold is 18 karat to 22 karat

4. The cibil score is above 500

5. Individuals without an  account need to be introduced by trusted

Documents required for Canara Bank Gold Loan :

1. Signed application form 

2. 2 passport size photographs

3. ID proof : Aadhar card, PAN card, Voter id, passport

4. Address proof : Aadhar card, Voter id, Passport, Utility bills

5. Post disbursement documents (If any)

Check other Bank Gold Loan Interest Rates :

BANKS

Interest Rate

AXIS Bank Gold Loan

14.50% to 17%

HDFC Bank Gold loan

11% to 16%

Kotak Mahindra Bank Gold Loan

10.50% to 17%

Yes Bank Gold Loan

11.25% to 16.25%

ICICI Bank Gold Loan

10.00% to 19.76%

RBL Bank Gold Loan

Starting at 10.75%

IndusInd Bank Gold Loan

10.50% to 16.00%

Canara Bank Gold Loan

Starting at 13%

Punjab National Bank Gold Loan

10.05% to 11.05%

Other products of Canara Bank :

1. Canara Bank Car Loan 

2. Canara Bank Education Loan 

3. Canara Bank Home Loan

4. Canera Bank Personal Loan

How to apply for Canara Bank Gold Loan :

1. Offline Method : By visiting the nearest bank branch.

2. Online Method :

  • First of all visit to Canara Bank web portal

  • Now  click on “personal section”

  • In “explore products” got to retails

  • Now click on “Loans”

  • Now go to “Gold Loan” 

  • Fill the application form and submit it

How to contact with Canara Bank Gold Loan :

1. By customer care contact number : 18004250018

2. By customer care email id : hocancard@canarabank.com

Financials products offered by Bank :

BUSINESS LOAN

 

CAR LOAN

COMMERCIAL LOAN

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN

HOME LOAN

LOAN AGAINST PROPERTIES

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Canara Bank Gold Loan Frequently asked Questions :

1. What is Canara Bank?

Canara Bank offers gold loans to help you meet short term needs like medical expenses, wedding in a family or any other contingencies. The interest rate of Canara bank for gold loans starts from 13% per annum.

2. What is the minimum and maximum loan amount provided by Canara Bank for gold loan?

The minimum loan amount is Rs.10000 and maximum loan amount is Rs.10 lakh provided by Canara Bank for Gold Loan.

3. How much repayment tenure of Canara Bank for gold loan?

The repayment tenure of Canara Bank for gold loan is 1 year. So the borrowers can repay the loan within a period of 1 year.

4. Is there any processing fee charged by Canara Bank for gold loan?

Yes, the processing fee charged by Canara Bank for gold loan is 1% of the loan amount (Minimum Rs.1000 and Maximum Rs.5000)

5. What is the minimum and maximum age of the customer to get a gold loan from Canara Bank?

The minimum age of the customer is 18 years and the maximum age of the customer is 70 years to get a gold loan from Canara Bank.

Last Updated on : 13/Aug/2020

Know More About

Canera Bank Gold Loan

You're eligible for a Canera Bank Gold Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Gold Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Canera Bank Gold Loan Interest Rates

Updated on 25 Nov 2017

Canera Bank Gold Loan Details
Interest Rate (Monthly reducing balance) 13% - 0%
Processing Fees 1% of the loan amount (Minimum Rs.1000 and Maximum Rs.5000)
Loan Tenure 1 year to years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Gold Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959