Canara Bank Gold Loan Recruitment

Hello sir, I am Sunil Sharma. I am from Mumbai. I want you to help me by giving me some information about the Canara Bank gold loan scheme. Can you give me some details about it?

[Shaleen]

As you have asked about the Canara Bank gold loan, I am giving you information about it, check below for the details
If you need funds for purposes like medical expenses or any other contingencies, Swarna Loan Scheme is ideal for you.
Hassle-free, quick loan, co-obligation and no guarantee required.
Reasonable rate of interest

Purpose:
To meet medical expenses and other unforeseen commitments / contingencies and investment / domestic purposes

Repayment:
The entire loan is to be repaid within 12 months from the date of sanction as bullet payment along with interest.
Interest will be accrued to the account at monthly rests compounded but will become due for payment along with principal only at maturity.

Eligibility:
Credit-worthy SB Account holders with satisfactory dealings or new customers properly introduced and credit-worthy

Quantum :
Minimum Rs. 10,000/- Maximum Rs.10,00,000/

Documents & formalities to be submitted:
Application for Swarna Loan
Certificate by the Jewel Appraiser (Bank will arrange)
Salary Certificate and Form No.16 / income proof

Security: Finance against
Specially minted gold coins sold by any Bank
Gold Ornaments

Processing Charges:
1% of the loan amount, with a minimum of Rs. 1,000/- subject to a maximum of Rs. 5,000/- per loan