Canara Bank Gold Loan
RBI-regulated public-sector gold loan with four flexible Swarna schemes, no prepayment penalty, and same-day disbursal.
Canara Bank's gold loan interest rate is RLLR + 0.95% p.a. — approximately 10.20% p.a. with RLLR at 9.25% (w.e.f. 12 December 2025). It offers four Swarna schemes (Loan, Express, Overdraft, Monthly Interest), a maximum ₹50 Lakh loan at 75% LTV, no prepayment penalty, and same-day branch disbursal.
Data source: Canara Bank official website · Reviewed 2026-07-21 · Indicative only.
💰 Maximum Loan Per Gram Today
At 75% LTV (RBI cap) · Live indicative gold rate
Loan amount = (today's gold rate per gram × 75%) · Indicative only. Final amount depends on branch appraisal of purity and net weight.
🧮 Check Your Canara Bank Gold Loan Eligibility
Enter your gold weight to estimate the maximum loan amount, monthly interest, and EMI at Canara Bank's indicative rate of 9.25% p.a.
Estimate based on indicative gold rate and Canara Bank's published rate of 9.25% p.a. Actual disbursal depends on branch-level gold appraisal, net weight (after deducting stones/wax), and KYC.
📋 Canara Bank Gold Loan — Quick Facts
📑 Canara Bank Gold Loan Schemes Compared
Side-by-side comparison of all 4 gold loan variants from Canara Bank. Choose the scheme that matches your repayment preference.
| Scheme | Interest Rate | Tenure | Repayment | LTV | Processing Fee | Best For |
|---|---|---|---|---|---|---|
| Swarna Loan | RLLR + 0.95% (≈ 10.20% p.a.) | Up to 12 months | Bullet — principal + interest at end | Up to 75% | 0.30% (min ₹250, max ₹3,000) + GST | Medical and other urgent non-speculative needs |
| Swarna Express | RLLR + 0.95% (≈ 10.20% p.a.) | Up to 6 months | Bullet — principal + interest at end | Up to 75% | 0.15% (min ₹125, max ₹1,500) + GST | Quick short-term funds with lowest processing fee |
| Swarna Overdraft | RLLR + 0.95% (≈ 10.20% p.a.) | Limit reviewed annually | Overdraft — interest only on utilized amount | Up to 75% | 0.30% (min ₹250, max ₹3,000) + GST | Flexible credit line for business or recurring needs |
| Swarna Monthly Interest | RLLR + 0.95% (≈ 10.20% p.a.) | Up to 12 months | Monthly interest, principal at end | Up to 75% | 0.30% (min ₹250, max ₹3,000) + GST | Borrowers who want to service interest monthly |
All rates and fees are indicative and sourced from Canara Bank's official website. Verify current charges at your branch before applying.
🌾 Agricultural Gold Loans at Canara Bank
Canara Bank offers priority-sector gold loan schemes for farmers and agricultural borrowers. Because these qualify under RBI priority-sector lending, the effective interest rate is often lower than the standard Swarna schemes. Visit a rural or semi-urban Canara Bank branch to confirm the current agri rate and eligibility.
Loan against Gold Jewellery for Crop Cultivation
For seasonal crop production, seeds, fertilizers, and farm inputs. Repayment aligned with harvest cycle.
Overdraft against Gold Jewellery for Crop Cultivation
Flexible credit line for recurring farm expenses; interest charged only on utilized amount.
Loan against Gold Jewellery for Land Development
For land improvement, irrigation, and developmental activities.
Loan against Gold Jewellery for Allied Activities
For dairy, poultry, fisheries, and other allied agricultural activities. Monthly installment option available.
✅ Eligibility — Who Can Apply
- ✓Resident Individuals (18 years and above)
- ✓Non-Resident Indians (NRIs)
- ✓Must own pledgeable gold jewellery or eligible gold coins
- ✓Gold coins accepted up to 50 grams per customer (must be bank-minted)
- ✓No formal income proof or salary slips required — loan is secured against gold
- ✓Capacity to repay the principal + interest within the chosen tenure
📄 Documents Required
🪜 How to Apply for a Canara Bank Gold Loan
Follow these 6 steps to get your gold loan disbursed. The entire process is typically completed the same day.
💸 Fees & Charges Breakdown
| Charge | Amount |
|---|---|
| Processing fee (Swarna Loan / OD / Monthly Interest) | 0.30% of loan amount (min ₹250, max ₹3,000) + GST |
| Processing fee (Swarna Express) | 0.15% of loan amount (min ₹125, max ₹1,500) + GST |
| Valuation / appraisal charges | Typically nil at branch; included in processing fee |
| Prepayment / foreclosure charges | Nil — close anytime within tenure |
| Penal interest (on overdue) | Typically 2% p.a. over the applicable rate |
| Documentation charges | Nominal; collected at sanction |
⚖️ Pros & Cons of a Canara Bank Gold Loan
An honest look at where Canara Bank shines — and where other lenders might suit you better.
- +Public-sector bank with RBI-regulated, transparent rate (RLLR + 0.95%)
- +No prepayment penalty on any Swarna scheme
- +Lowest processing fee among public banks — Swarna Express starts at just ₹125
- +Four flexible schemes including overdraft and monthly-interest options
- +Same-day disbursal once gold is appraised and KYC is verified
- +No income proof or salary slips required
- +Eligible agricultural borrowers can access priority-sector gold loans at lower rates
- +Wide branch network across India — over 9,000 branches
- –Branch-only application — no fully online disbursal like NBFCs (Muthoot/Manappuram offer doorstep service in some cities)
- –Combined ₹50 Lakh ceiling across all four Swarna schemes per borrower
- –Bullet repayment (Swarna Loan/Express) requires full principal at end of tenure — plan your cash flow
- –RLLR-linked rate moves with RBI repo rate changes; effective rate may rise
- –Gold coins accepted only up to 50 grams per customer and must be bank-minted