Canara Bank Gold Loan

Canara Bank offers several types of gold loans to help you meet any short-term as well as long-term fund requirements. You can borrow amounts as high as ₹35 Lakhs at 8.75% p.a. effective rate of interest under Repo Linked Lending Rate (RLLR). Furthermore, you can repay the loan over flexible tenures ranging up to 3 years. 

The Canara Bank Gold Loan interest rates (w.e.f 12.02.2025) and charges (Consolidated Processing Charges (Excluding GST) till 31.03.2025) are as follows:

*Disclaimer: The aforementioned details are subject to change at the lender’s discretion. 

Canara Bank offers 9 types of gold loans. You can choose a gold loan option from any of the following gold loans offered by Canara Bank:

1. Swarna Express

2. Swarna Overdraft

3. Swarna Loan

4. Loans against Gold Jewellery for Crop Cultivation

5. Overdraft against Gold Jewellery for Crop Cultivation

6. Loans against Gold Jewellery for Land Development Activities

7. Loans against Gold Jewellery for Allied Activities (monthly instalments)

8. Overdraft against Gold Jewellery for Allied Activities

9. Swarna Monthly Interest Loan

Here are some of the key features and interest rates as of February 2025 for each of the gold loans offered by Canara Bank:

Note: The interest rates, loan amounts, and tenure mentioned above are subject to change at the discretion of Canara Bank.

*RLLR- Repo Linked Lending Rate

*MCLR- Marginal Cost of Funds Based Lending Rate

Here are some criteria you will be required to fulfil when applying for this loan:

• Applicant must be a resident of India or an NRI

• Applicant must submit gold that is either in the form of specially minted coins (up to 50 gm per individual) and/or jewellery

• Applicant must be the true owner of the gold submitted

• Applicant must adhere to the KYC requirements

Here are the documents required to apply for a Canara Bank Gold Loan:

1. Identity Proof - Any one of the following

• Passport

• PAN card

• Driving licence

• Voter ID

• Aadhaar card

2. Address Proof - Any one of the following 

• Utility bills

• Passport

• Ration card

• Aadhaar card

You may apply for the Canara Bank Gold Loan by visiting your nearest designated branch and speaking to a representative. Furthermore, you can also apply for the loan online on the bank’s official website. 

Apply Online for Canara Bank Gold Loan

Here are the steps you can follow to apply online for a gold loan on Canara Bank:

1. Visit official website of Canara Bank https://canarabank.com/

2. Click on ‘GOLD LOAN’

3. You will be redirected to the https://canarabankcsis.in/goldloan/WebForm1 page

4. Click on ‘Click to apply for Gold Loan’

5. Enter your mobile number and captcha code

6. Click on ‘Generate OTP’

7. Follow the instructions as prompted further

Visit the Nearest Branch

If you don't want to apply online, you can always apply through offline mode. Here’s how:

• Visit Canara Bank’s nearest branch

• Seek help from a representative

• Provide your details and follow the instructions as prompted by the representative 

Following this, a bank representative will reach out to you and guide you through further proceedings.

Canara Bank offers multiple repayment options, allowing you to choose a method that best fits your financial needs.

• Bullet Payment with Interest

Pay the principal amount at the end of the loan tenure while making periodic interest payments during the tenure

• Equated Monthly Installment (EMI)

You can choose to repay your loans in fixed monthly installments

• Flexible Instalments

Choose to repay in monthly, quarterly, or half-yearly instalments, or as a lump sum

• Revolving Credit Facility

Continue using the loan with periodic interest payments and half-yearly account settlements

Applying for a gold loan through Bajaj Markets comes with several benefits, ensuring a smooth and hassle-free experience.

• Fast Processing

The digital application process ensures quick verification and approval of your loan

• Minimal Documentation

The online application requires only basic documents, making the process simple and convenient

• No Hidden Charges

Enjoy complete transparency with clear terms and no unexpected fees

• Multiple Lender Options

Compare loan offers from 5+ reputed lenders and choose one that suits your financial needs