What is the gold loan rate in Canara Bank?
7.25%
Canara Bank Gold Loan Details
| Interest Rate | Up to 7.25% 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 |
Which gold loan is best in Kerala?
Gold Loan Interest Rates in Cochin
| Bank | Gold Loan Interest Rates |
|---|---|
| Canara Bank | 12.65% – 12.65% |
| Andhra Bank | 9.70% – 10.45% |
| Muthoot Gold Loan | 12.00% – 24.00% |
| IndusInd Bank | 11.15% – 15.75% |
Which bank is best for gold loan interest rate?
Low Interest Gold Loan Rates: Top 5 Banks
| Banks | Interest Rate | Tenure |
|---|---|---|
| Yes Bank | 9.99% | 6 months to 36 months |
| ICICI Bank | 10.00% | 6 months to 12 months |
| IndusInd Bank | 10.00% | 3 months to 24 months |
| Fincare Small Finance Bank | 10.99% | 3 Months to 9 Months |
What is the procedure of gold loan in Canara Bank?
Canara Bank Gold Loan – Documents required (Swarna Loan)
- ID & Address Proof – Passport, PAN card, DL, etc.
- Application form – Filled with valid details signed application form.
- Income proof – Form 16 or Salary Slips from the employer.
What is the interest rate for gold loan in Indian bank?
7.00%
Indian Bank Gold Loan Interest Rate Comparison
| Lender | Gold Loan Interest Rate | Loan Amount |
|---|---|---|
| Indian Bank | 7.00% onwards | Based on Jewel Valuation |
| Axis Bank | 12.50% onwards | Rs. 25,001 to Rs. 25 Lakh |
| SBI | 7.50% onwards | Rs. 20,000 to Rs. 50 Lakh |
| Muthoot Finance | 11.90% onwards | Rs. 1,500 to Unlimited |
Which bank is cheapest gold loan?
ICICI Bank, for example, offers gold loans ranging from Rs 10,000 to Rs 1 crore. The State Bank of India (SBI) provides gold loans ranging from Rs 20,000 to Rs 20 lakh. Muthoot Finance, on the other hand, offers gold loans starting at Rs 1,500 with no maximum restriction.
How is gold interest rate calculated?
You can determine the gold loan interest by subtracting the principal loan amount from the total outstanding. You can also take the assistance of a gold loan interest rate calculator to know about the same and learn how the interest rate alters EMIs and total outstanding amounts.
What is the rate of interest for gold loan in SBI?
7.30% p.a.
SBI Gold Loan is offered with loan amount up to Rs. 50 lakh and interest rate going up to 7.30% p.a. The repayment tenure is up to 3 years with processing fee charged at 0.50% of the loan amount.
Does Indian Bank give gold loan?
Indian Bank offers agricultural jewel loans which can be utilised by the borrowers for their short-term credit requirements.
What is the rate of interest in Canara Bank gold loan?
About Canara Bank Gold Loan: 1 Canara Bank Gold Loan Interest Rate is 7.10% per annum 2 Canara Bank Gold Loan Per Gram is ₹ 5,255 3 Canara Bank Gold Loan Tenure: Up to 24 months 4 Canara Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
What is the interest rate of gold loan in India?
The Gold Loan rate in India is 7.10% per annum. The interest rate depends upon a variety of components, namely: loan amount, loan tenure, purity of gold, and relationship with the bank. How much Gold Loan can I get per gram in Canara Bank? The per gram Gold Loan in Canara Bank that you just will get depends on the purity of your gold.
Does Canara Bank issue loan against rrlr rate?
Canara Bank issues loan against RRLR rate. Canara Bank offers three types of gold schemes. These are: The interest rate charged against these schemes is 7.65% p.a. onwards The fees and charges associated with various Canara Bank gold loan schemes are: 0.50% of the Loan amount. Min.
Is Canara Bank a paisabazaar partner?
Please Note: Canara Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only. Canara Bank will charge an interest rate on the gold loan that it extends to you. Gold loan is a secured loan and thus the interest rate charged on it is much lower compared to unsecured loans like a personal loan.