Canara Bank Gold Loan Per Gram Rate 2025: Latest Rates and Benefits

Many people are interested in Canara Bank’s gold loan per gram rate for 2025. The rates and benefits offered by Canara Bank are very appealing. It’s important to know the eligibility criteria for a gold loan to get financial help.

The rate for Canara Bank’s gold loan per gram varies. It ranges from INR 1755 to 2145. Knowing the eligibility criteria is key before applying. This ensures the loan goes to those who can repay it. Canara Bank offers loans from INR 10,000 to INR 10 Lakhs.

To get a gold loan from Canara Bank, you need to meet certain criteria. You must provide gold ornaments or Gold Coins as collateral. The gold must be 18 karat or higher. The RBI sets a maximum Loan to Value (LTV) of 75% for gold loans.

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Canara Bank Gold Loan Per Gram Rate 2025: Latest Rates and Benefits

Key Takeaways

  • Canara Bank’s gold loan per gram rate in 2025 is an attractive option for those in need of financial assistance.
  • The gold loan eligibility criteria are designed to provide financial assistance to individuals in need.
  • The canara bank gold loan per gram rate is influenced by various factors, including the gold loan amount per gram.
  • Canara Bank’s gold loan schemes have a minimum loan amount of INR 10,000 and a maximum loan amount of up to INR 10 Lakhs.
  • Individuals can avail of a gold loan from Canara Bank by meeting the gold loan eligibility criteria and providing gold ornaments or specially minted Gold Coins as collateral.
  • The gold purity accepted by Canara Bank for gold loans is 18 karat and above, with a maximum Loan to Value (LTV) percentage set by RBI for gold loans of 75%.

Understanding Canara Bank Gold Loan Per Gram Rates in 2025

The interest rate for a gold loan at Canara Bank is key to consider. The bank’s gold loan rate per gram is competitive, providing benefits to borrowers. It’s important to know the current market rates, what affects them, and how they compare to past years.

Canara Bank’s gold loan offers competitive interest rates, flexible repayment plans, and low processing fees. The interest rate is a big factor in the loan’s cost. Canara Bank’s rates are designed to be appealing to borrowers.

Current Market Rates

The current rate for Canara Bank’s gold loan per gram is between ₹3,725 and ₹4,000. This rate changes daily with gold prices. It’s competitive with other banks, making Canara Bank a top choice for gold loans.

Factors Affecting Gold Loan Rates

Several things influence gold loan rates. These include gold prices, loan term, and the amount borrowed. Choosing the right loan term and amount can bring benefits like flexible repayments and low fees.

Rate Comparison with Previous Years

Comparing gold loan rates over the years, Canara Bank’s rates have stayed competitive. For 2025, the bank’s interest rates are 9.25% for all three schemes: Swarna Loan, Swarna Express, and Swarna Overdraft.

BankInterest Rate
Canara Bank9.25% p.a. Onwards
State Bank of India7.30% p.a. Onwards
Union Bank of India9.25% p.a. Onwards

Key Features of Canara Bank Gold Loans

Canara Bank has many gold loan schemes with great features. These make them a top choice for many. To apply for a Canara Bank gold loan, you can go to their website or branch. Just fill out the form and submit your documents.

The canara bank gold loan processing time is fast. You usually get your loan in about 45 minutes.

Canara Bank’s gold loans offer a lot. You can borrow from ₹5,000 to ₹35 lakh. The interest rates start at 9.25% per year. You also get flexible repayment plans.

The loan term can be from 3 months to 24 months. You can choose how to pay back, like in one big payment or monthly installments.

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Canara Bank Gold Loan Per Gram Rate 2025: Latest Rates and Benefits
  • Loan amount: Up to ₹35 lakh
  • Interest rate: Starting at 9.25% per annum
  • Repayment tenure: 3 months to 24 months
  • Repayment options: Bullet repayment, monthly installment options
  • Processing fee: 1.50% of the principal loan amount

Canara Bank’s gold loans are easy and flexible. They offer quick service, good rates, and flexible payback plans. These make them a great choice for those wanting to apply for a Canara Bank gold loan.

Loan AmountInterest RateRepayment Tenure
Up to ₹35 lakhStarting at 9.25% per annum3 months to 24 months

Maximum Loan Amount and Loan-to-Value Ratio

The maximum loan amount for Canara Bank gold loans can go up to Rs. 35 lakh. The loan-to-value (LTV) ratio is key in figuring out the loan amount. It’s important for borrowers to know this to get the most they can.

To find out the maximum loan amount, you need to know the appraised value of the gold and the LTV ratio. Canara Bank’s LTV ratio is 70% of the gold’s appraised value. Here’s a table to help you understand the LTV ratio and the maximum loan amount:

Loan SchemeLTV RatioMaximum Loan Amount
Canara Agricultural Gold Loan80%Rs. 10 lakh
Swarna Loan75%Rs. 35 lakh
Swarna Overdraft75%Rs. 35 lakh

The documentation required for Canara Bank gold loan includes identity and address proof, and income documents. Borrowers have different Canara Bank gold loan repayment options. These include bullet repayment and monthly installments, with a loan term from 6 months to 12 months.

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Canara Bank Gold Loan Per Gram Rate 2025: Latest Rates and Benefits

Interest Rates and Charges Structure

The canara bank gold loan interest rate is key in figuring out the loan’s cost. With an interest rate of 9.25% per year, Canara Bank’s gold loans are competitive. They offer flexible repayment plans and low processing fees.

Canara Bank’s gold loan processing fees depend on the loan amount. The highest charge is 0.50% of the loan amount. Here’s a quick look at the interest rates and charges:

Loan SchemeInterest RateProcessing Charge
Swarna Loan9.25% per annum0.50% of loan amount (max. ₹5,000)
Swarna Overdraft9.25% per annum0.50% of loan amount (max. ₹5,000)
Canara MSME Gold Demand Loan9.25% per annum0.50% of loan amount (max. ₹5,000)

Canara Bank’s gold loan offers competitive rates and flexible repayment plans. With an interest rate of 9.25% per year, it’s a great choice for borrowers. It helps meet financial needs while providing benefits.

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Canara Bank Gold Loan Per Gram Rate 2025: Latest Rates and Benefits

Types of Gold Accepted as Collateral

When looking into a canara bank gold loan per gram, knowing what gold is accepted is key. Canara Bank takes gold ornaments, jewelry, and minted gold coins as collateral. The gold must be 22 carats pure.

Understanding the gold loan eligibility criteria is vital before applying. A certified valuer assesses the gold’s value. The canara bank gold loan per gram rate is competitive, ranging from Rs. 3,725 to Rs. 4,000.

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Canara Bank Gold Loan Per Gram Rate 2025: Latest Rates and Benefits

The following table outlines the key details of Canara Bank’s gold loan schemes:

SchemeInterest RateLoan AmountRepayment Tenure
Swarna Loan9.25% – 9.60%Rs. 5,000 – Rs. 35 lakhs12 months
Swarna Overdraft9.25% – 9.60%Rs. 5,000 – Rs. 35 lakhs2 years
Swarna Express9.25% – 9.60%Rs. 5,000 – Rs. 35 lakhs6 months

By understanding the types of gold accepted and the eligibility criteria, individuals can make informed decisions. This helps when applying for a canara bank gold loan per gram.

Eligibility Criteria for Canara Bank Gold Loans

To get a Canara Bank gold loan, you need to meet some criteria. You must be an Indian citizen, have a good credit score, and be over 18. The application process is fast, with a short canara bank gold loan processing time.

To apply, just visit the bank’s website or branch. Fill out the form and submit the needed documents.

The criteria help ensure the loan goes to those who can pay it back. If you’re curious about how to apply for canara bank gold loan, it’s easy. First, check if you qualify. Then, apply online or in person. You’ll need to provide proof of who you are, where you live, and your income.

Here are the main criteria:

  • Age: Minimum 18 years old
  • Citizenship: Indian citizen
  • Credit score: Good credit history
  • Income: Stable income source

Meeting these criteria makes it simple to apply for a Canara Bank gold loan. You’ll enjoy the quick canara bank gold loan processing time.

Loan SchemeInterest RateLoan Amount
Swarna Loan7.25%Rs. 10,000 to Rs. 1 crore
Swarna Express7.25%Rs. 5,000 to Rs. 35 lakh

Step-by-Step Application Process

To apply for a Canara Bank gold loan, you have two options: online or offline. The documentation required for Canara Bank gold loan is simple. You need to provide identity, address, and income proof. This makes the application process fast and easy.

Applying online lets you do it from home. For offline, you need to go to a Canara Bank branch. After applying, the loan is processed quickly. Canara Bank gold loan repayment options include bullet payments and monthly installments. The loan term can be from 6 months to 12 months.

Online Application Method

The online method is easy. Just visit the Canara Bank website, fill out the form, and upload your documents.

Offline Application Method

For offline, you must visit a Canara Bank branch. There, you can fill out the form and submit your documents.

Processing Timeline

The processing time for a Canara Bank gold loan is short. You’ll get the loan amount quickly after applying.

The application process for a Canara Bank gold loan is designed to be quick and easy. It offers flexible repayment options and a fast processing time. By choosing the right repayment option, you can repay the loan comfortably. This makes the most of the documentation required for Canara Bank gold loan and Canara Bank gold loan repayment options.

Required Documentation for Gold Loan

To get a gold loan from Canara Bank, you need to provide certain documents. The benefits of a Canara Bank gold loan, like good interest rates and flexible payback plans, are why many choose it. But, you must first meet the document requirements to enjoy these perks.

For a gold loan from Canara Bank, you’ll need to show your ID, address, and income. Accepted ID proofs include a passport, PAN card, or voter ID. For address proof, you can use a utility bill, bank statement, or rent agreement.

Identity Proof Documents

  • Passport
  • PAN card
  • Voter ID card

Address Proof Requirements

  • Utility bill
  • Bank statement
  • Rent agreement

Additional Documentation

You might also need a jewel appraiser’s statement and Form 16 or a salary certificate. The current interest rate of 9.25% for all schemes makes it appealing. By providing the necessary documents and meeting the criteria, you can benefit from Canara Bank’s gold loan. This includes low processing fees and flexible repayment plans.

Document TypeAccepted Documents
Identity ProofPassport, PAN card, Voter ID card
Address ProofUtility bill, Bank statement, Rent agreement
Income ProofForm 16, Salary certificate

Repayment Options and Tenure

Canara Bank offers flexible repayment options for its gold loan schemes. These include bullet repayment and monthly installment options. The loan tenure ranges from 6 months to 12 months, making repayment convenient.

To be eligible for a Canara Bank gold loan, you must meet certain criteria. You need to be over 18 years old, have a good credit score, and be an Indian citizen.

The repayment options are designed to be flexible and convenient. For example, the Swarna Express loan can be repaid as a bullet repayment in 6 months. The Swarna Overdraft facility has a 2-year tenure. Borrowers can choose the option that best fits their financial situation.

The canara bank gold loan per gram rate and interest rates impact the repayment amount. The current interest rate is 9.25%. Loan amounts range from Rs. 3,725 to Rs. 4,000 per gram. Borrowers can use an EMI calculator to figure out their monthly payments.

Canara Bank’s gold loan schemes offer financial help to those in need. By meeting the gold loan eligibility criteria and choosing the right option, borrowers can have a smooth repayment process.

Benefits and Special Features

Canara Bank’s gold loan schemes have many benefits and special features. To apply for a Canara Bank gold loan, you can visit their website or branch. Just fill out the application form and submit the needed documents. The canara bank gold loan processing time is fast, usually within 45 minutes.

These loans come with competitive interest rates and flexible repayment plans. There are also minimal processing charges. The bank offers special deals, like waiving processing fees for certain loans. They also give discounts on interest rates for quick repayments.

Some key features of Canara Bank’s gold loan schemes include:

  • Loan amount up to Rs. 1 Crore
  • Interest rate of 7.0% per annum
  • Processing fee of 1.50% of the principal loan amount
  • Repayment tenure of 3 months to 24 months

Canara Bank’s gold loan schemes are very appealing. They offer competitive interest rates, flexible repayment options, and low processing charges. These features help individuals meet their financial needs quickly and easily.

Loan SchemeInterest RateProcessing FeeRepayment Tenure
Canara Bank Gold Loan7.0% per annum1.50% of the principal loan amount3 months to 24 months

Conclusion

Canara Bank’s gold loan schemes are a top choice for those needing financial help. They offer competitive interest rates starting at 9.25% per year. Plus, you can borrow up to 75% of your gold’s value.

The application process is easy and quick. This makes getting a gold loan convenient and accessible. It’s a great way to use your gold’s value for financial gain.

Canara Bank’s gold loans come with special features for different needs. You can choose from Swarna Loan, Swarna Express, or Swarna Overdraft. This ensures you find a loan that fits your needs perfectly.

They also offer 24/7 customer support. This shows their dedication to providing excellent service. Canara Bank is known for being a reliable partner in your financial goals.

When looking for financial help, consider Canara Bank’s gold loans. They let you use your gold to achieve financial freedom. Start your journey with Canara Bank today.

FAQ

What is Canara Bank’s gold loan per gram rate in 2025?

Canara Bank’s gold loan rates are competitive. They offer great benefits for those needing financial help.

What are the eligibility criteria for Canara Bank’s gold loan schemes?

Canara Bank checks if you can pay back the loan. They make sure it’s given to those who can afford it.

How does the gold loan rate per gram at Canara Bank compare to the current market rates?

Canara Bank’s rates are good and offer benefits. It’s important to look at current rates and how they’ve changed over time.

What are the key features of Canara Bank’s gold loan schemes?

Canara Bank’s loans have low interest rates and flexible payback plans. They also have low fees.

What is the maximum loan amount and loan-to-value (LTV) ratio for Canara Bank’s gold loans?

You can borrow up to Rs. 35 lakh. The LTV ratio is 70% of the gold’s value.

What are the interest rates and charges for Canara Bank’s gold loan schemes?

The interest rate is 9.25% per year. The fees depend on how much you borrow.

What types of gold are accepted as collateral for Canara Bank’s gold loan schemes?

You can use gold ornaments, jewelry, and minted coins. They must be 22 carats pure.

How can I apply for a gold loan from Canara Bank?

Applying is easy. You can do it online or at a branch.

What documentation is required for a Canara Bank gold loan?

You’ll need ID, address, and income proof. Also, a jewel appraiser’s report and Form 16 or a salary slip.

What are the repayment options and tenure for Canara Bank’s gold loans?

You can choose to pay in installments or all at once. The loan term is 6 to 12 months.

What are the benefits and special features of Canara Bank’s gold loan schemes?

The loans have low interest rates and flexible payback plans. There are also special offers like waived fees and lower interest rates.

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