Canara Bank Gold Loan:

The Swarna Loan scheme offered by Canara Bank helps you get loan for purposes like medical expenses or any other contingencies against gold jewelery / ornaments.

Canara Bank Gold Loan Review states that this loan is hassel free and you do not require a guarantee to get this loan. Canara Bank Gold Loan Rate is reasonable and the Canara Bank Gold Loan Eligibility is easy to achieve.

Canara Bank Gold Loan Interest Rate:

The current Canara Bank Gold Loan Interest Rate is discussed below.

Canara Bank Gold Loan Interest Rate is calculated on base rate of 9.50%. Canara Bank Gold Loan Rate for retail lending is currently calculated at BR + 4.25%. Canara Bank Gold Loan Rate for agricultural for short term is BR+1.00%. Canara Bank Gold Loan Rate is very reasonable as per the current market rates.

Canara Bank Gold Loan Eligibility:

According to the Canara Bank Gold Loan review the Canara Bank Gold Loan Eligibility criteria are:

• ·The applicant should have a savings account with the bank.
• ·The Bank should have had satisfactory dealing with the customer and should find him credit worthy.
• ·A new applicant for Canara Bank Gold Loan Eligibility should be properly introduced and should be credit worthy.

Canara Bank Gold Loan Documentation:

According to the Canara Bank Gold Loan Review these documents are required for Canara Bank Gold Loan

Eligibility:

Filled Application Form

Bank arranged jewel appraiser certificate

Salary certificate

Form 16/ income proof

Canara Bank Gold Loan Review shows that Canara Bank Gold Loan can be availed for maximum loan tenure of  24 months which can be repaid in equated monthly installments or post dated cheques. The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank.

Canara Bank Gold Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Canara Bank Gold Loan eligibility and Canara Bank Gold Loan Interest Rate etc. are on the official site at http://www.canarabank.com/english/scripts/pblSWARNA.aspx