Canara Bank Gold Loan

Canara Bank

4(22,100 reviews)

gold Loan

Fixed Rate

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What this means for you

Canara Bank offers gold loans at competitive PSU bank rates starting from 7.35%. For a ₹2 lakh loan at 8% for 12 months, the EMI is about ₹17,400/month. They also offer agricultural gold loans at even lower rates for eligible farmers. Processing takes 2-4 hours at the branch, but the lower interest rate can save significantly over the loan tenure compared to NBFCs.

Interest Rate7.35% – 10%

per annum

Processing Fee0.5%

Loan Amount0.1L – 50.0L

Tenure6 mos – 3 yrs

Disbursal TimeWithin 2-4 hours at branch

Features

Up to 75% LTV ratio as per RBI guidelines
Low interest rates starting from 7.35% per annum
No income proof required for standard gold loans
Minimal documentation — gold ornaments + KYC
Gold stored in Canara Bank insured, secure vaults
Pre-closure without penalty at any time
Agricultural gold loans available at even lower rates for farmers

Eligibility Criteria

Minimum Income0.0L

per annum

Age Range18 – 65 years

Employment Typeany

Min. Experience0 year

Loan Details

Prepayment ChargesNil — no pre-closure charges

Part PaymentAllowed

Balance TransferNot Available

Processing Fee0.5% of loan amount (min ₹250, max ₹5,000)

Ready to apply for Canara Bank Gold Loan?

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Disclaimer: Gold loan details, interest rates, fees, and features shown on this page are indicative and based on publicly available information. Actual terms, eligibility criteria, and offers may vary based on gold purity, weight, and the lender's valuation. LTV ratios are capped at 75% as per RBI guidelines for most regulated entities. Please verify all details directly with Canara Bank before applying. RupeeLens may receive compensation from lenders when you apply through our links, but this does not affect our editorial ratings or comparisons. Interest rates, processing fees, and other charges are subject to change at the discretion of the lending institution. © 2026 RupeeLens. All rights reserved.

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