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Contact Canara Bank 1800 1030
  • To meet the unforeseen contingencies (non-speculative purposes)
  • Lower Rate of Interest..
  • No Prepayment penalty.
  • Minimal processing charges.
  • Quick processing and disbursement.
  • To meet the Medical and other unforeseen expenses/ investment/ domestic expenses (non-speculative purposes)
Nature of Facility Single Transaction Limit
Loan Quantum
  • 75% of the Appraised Value of Gold.
  • Minimum Amount - Rs. 5000/-
  • Maximum amount - Rs. 35 Lakh.
    Subject to a ceiling of Rs. 35 Lakh per Borrower under four schemes viz Swarna loan, Swarna OD, Swarna Express & Swarna Monthly Interest.
Security

Pledge of

  • Gold ornaments/Jewellery.
  • Specially minted gold coins sold by banks up to 50 grams per customer
Repayment
  • Interest charged to be serviced as and when due at monthly intervals
  • Principal is to be repaid within 12 months from the date of sanction or as bullet payment on maturity.

Nomination Facility is available

  • Resident Individuals, NRIs
Loan Product Consolidated Processing Charges (Excluding GST)

Swarna loan

0.60% of the Loan amount with a minimum of Rs.500.00 and maximum of Rs.6000.00

Swarna Overdraft

Swarna Monthly Interest
Swarna Express 0.30% of the Loan amount with a minimum of Rs.250.00 and maximum of Rs.3000.00

Swarna Loan

Overdraft against Gold Jewellery for Crop Cultivation

Loans against Gold Jewellery for Land Development Activities

Loans against Gold Jewellery for Allied Activities (monthly instalments)

Overdraft against Gold Jewellery for Allied Activities

Swarna Express

Swarna Overdraft

Loans against Gold Jewellery for Crop Cultivation

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Last updated on 20-08-2024 12:02 PM

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