Canara Bank Gold Loan

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Canara Bank Gold Loan or Swarna Loan scheme is a beneficial loan against gold for borrowers to cope up with all sorts of financial emergencies. A gold loan empowers the client with the power to tackle an impermanent financial crisis. Your gold stays in the safe hands until you repay the loan to the bank. On repayment, you receive the gold asset deposited. Usually gold jewellery and coin is the accepted asset for this loan.

You can find details about Canara Bank gold loan on, so keep a check on this page for further updated information.

Canara Bank Gold Loan Details Updated on 24th February 2020

Loan Amount

Rs. 10,000 to Rs. 10 lakhs

Loan Tenure

Up to 12 months

Interest Rate

11.90% onwards

Why Choose Canara Bank Gold loan?

The Canara Bank has attractive offer on gold loan. It charges nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the bank has helped several customers fulfil their financial needs with loan against gold.

Features of Canara Bank Gold Loan

  • High-value loans - Considerable range offered by the bank, i.e., Rs 10,000 to Rs 10 Lakhs.
  • Repayment elasticity - Borrowers enjoys the flexibility to repay the loan in a year interest is payable on maturity.
  • No guarantor required - Forget about Guarantor, reduced complexity in comparison to traditional loans.
  • Accepted in the form of jewelry and coins.

Why Apply for Gold loan on

At Loanbaba, you can compare and apply for gold loans online. You can check out several gold loan schemes go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. The application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Canara Bank Gold Loan Interest Rates

The Canara Bank Gold Loan interest rate charged is related to various factors. The interest rate per year starts at 11.90%. The bank has the right to change its interest rates and borrowers have to clarify with the bank about the existing bank rate.

Canara Bank Gold Loan Eligibility Calculator

Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost gold loan eligibility calculator at

Types of Canara Bank Gold loans

The bank has gold loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Gold loan Canara Bank FAQs

Below provided are important Canara Bank Gold Loan FAQs

  • addFAQs
    1. What are theeligibility criteria for Canara Bank Gold Loan?
      • Steady income - Regularity in income through salary or business is essential.
      • Existing customer - Bank customers with savings accounts are always welcome for Swarna Loan. Outside customers can apply through references of trusted customers to the bank.
    2. What is the list of documents required?
      • An official government approved ID or address proof (Aadhar, Passport, Voter ID, Pan).
      • Filled and signed application form.
      • Income proof - Salary slips, form 16 from employer’s portal.
      • Gold Certificate - Jeweler’s certificate stating the quality of gold.
    3. What are the charges and conditions for Swarna Loan?

    Below given are the charges for Swarna loan.

    • Processing fee - 1% of loan amount, subject to:

    Minimum – Rs 1,000

    Maximum – Rs 5,000

    • Appraisal fee - Depends on the case.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Canara Bank.

Canara Bank Gold Loan Review

Gold Loan
star star star star star 15.0/5
Canara bank provided me an instant response in regards to my Gold Loan application. The processing charges were minimal. It is a trusted service from their team.
Mumbai February 22, 2020
Gold Loan
star star star star star 14.0/5
My experience with Canara bank for Gold Loan in Bangalore was a good one. My schedule was so hectic that I chose to apply online for the loan at loanbaba and was not disappointed by either of their service. Both loanbaba and Canara were professional in their service.
Mumbai February 21, 2020
Gold Loan
star star star star star 15.0/5
I had applied my Gold Loan in Mumbai at Canara bank. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai February 19, 2020
Gold Loan
star star star star star 15.0/5
I requested for Gold Loan in Ahmadabad from Canara bank. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Mumbai February 15, 2020

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401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614

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