Minimum 7.85%
Interest rate
Maximum loan up to
INR 35.00 Lakh
Maximum Tenure of
24 Months
Interest Rate:
Agricultural Gold Loan schemes: 1 year MCLR
Swarna Schemes:7.85%(RLLR+0.35%)
Canara MSME Gold schemes :7.85%(RLLR+0.35%)
Repayment Mode:
Repayment of loan+interest in full within 12 months of sanction.
For Swarna Overdraft: Repayment in 2 Years
For Swarna Express: Repayment in 6 Months (Bullet Repayment)
Minimum loan amount INR 5,000
Maximum loan upto INR 35.00 Lakh
The quality of Gold should be between 18 to 22 Carat
Monthly EMI for Rs. 100000 Loan: Rs. 8664.20 for 12 months
Guarantor Required-No
The verdict
-
Rating
How to get
Visit nearby Canara Bank branch & apply there
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