What kind of security should one provide to avail this loan?

This loan can be availed by providing security in the form of gold coins or gold ornaments.

Can one avail this loan at all Canara Bank branches?

No, a Swarna Loan can be availed only at certain specific branches of the bank.

What is the repayment tenure for this loan?

The entire loan amount should be repaid within a period of 6 months. A bullet payment program is utilised here, wherein the interest needs to be paid along with the principal at the end of 6 months.

Is there any prepayment penalty associated with the Swarna Loan Scheme?

No there is no prepayment penalty associated with the Swarna Loan Scheme.

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Canara Bank Gold Loan 2025

You can apply for a gold loan from Canara Bank where the lender charges interest rates at their MCLR rates at 8.75% p.a. with maximum loan amount up to Rs.35 lakh. The maximum repayment tenure is up to 2 years and 0.5% of the loan amount subject to a minimum of Rs.500 is charged as a processing fee.

Canara Bank Gold Loan Details

Interest Rate	Up to 8.75% p.a.
Loan Amount	Up to Rs.35 lakh
Loan Tenure	Up to 2 years
Processing Fee	0.5 % of the loan amount + GST subject to a minimum of Rs.500

Canara Bank offers a gold loan scheme called Swarna Loan which can be availed by keeping gold as security, primarily designed to meet any financial emergencies. Gold is returned on repayment of a loan, making it a temporary contingency plan during financial hardships.

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Swarna Loan Features

Loan against gold ornaments or coins (up to 50g per customer)
Minimal paperwork & quick disbursal
No guarantor required
Bullet repayment option (interest + principal at maturity)

Eligibility Criteria to Avail Canara Bank Swarna Loan

Indian residents or NRIs

Must have a Canara Bank savings account or be introduced by an existing customer

Sufficient income (salaried/self-employed)

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Documents Required for Canara Bank Gold Loan (Swarna Loan)

Canara Bank has adopted a minimalist approach when it comes to documentation, with applicants expected to furnish a few basic documents.

ID/Address proof - Valid government approved ID/address proof (Passport, PAN card, DL, etc.)
Application form - Duly filled and signed application form
Income proof - Form 16 or Salary certificate from employer
Gold certificate - Certificate from jeweller appraising quality of gold. This appraisal will be arranged by the bank.

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Canara Bank Gold Loan: Processing Fees & Other Charges

Product	Fee (%)	Min–Max (₹)
Swarna Loan	0.30%	₹250–₹3,000
Swarna Express	0.15%	₹125–₹1,500
Swarna Overdraft	0.30%	₹250–₹3,000
Swarna Monthly Interest	0.30%	₹250–₹3,000

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FAQs on Canara Bank Gold Loan

What kind of security should one provide to avail this loan?
This loan can be availed by providing security in the form of gold coins or gold ornaments.
Can one avail this loan at all Canara Bank branches?
No, a Swarna Loan can be availed only at certain specific branches of the bank.
What is the repayment tenure for this loan?
The entire loan amount should be repaid within a period of 6 months. A bullet payment program is utilised here, wherein the interest needs to be paid along with the principal at the end of 6 months.
Is there any prepayment penalty associated with the Swarna Loan Scheme?
No there is no prepayment penalty associated with the Swarna Loan Scheme.

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