Which Bank is best for agriculture gold loan?
Compare Agriculture Gold Loan from Leading Banks – 2021
| Agriculture Gold Loans | Interest Rate* | Processing Fee |
|---|---|---|
| Indian Bank | 7.00% | Nil |
| Union Bank Gold Loan | 7.20% | Nil |
| Bank of Baroda Agriculture Gold Loan | 7.70% | Up to Rs.3 lakh- Nil Above Rs.3 lakh- 0.25% + GST |
| SBI Multi Purpose Gold Loan | 8.25% | Nil |
Is gold loan available in Canara Bank?
Canara Bank gold loan is also known as Swarna Loan and is offered at an interest rate of 7.65% onwards per annum. Other two gold loan products offered by Canara bank include Swarna Overdraft and Swarna Express. The application and disbursal process is quick and hassle-free.
What is Swarna loan in Canara Bank?
Swarna Loan is the loan granted against the security of Gold ornaments/specially minted Gold coins sold by the Banks, to enable borrowers to meet medical expenses / unforeseen commitments / contingencies etc.
How much gold loan can I get per gram in Canara Bank?
Canara Bank Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450
| Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 4,676 |
|---|---|
| Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
| Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
What is the gold loan interest rate in Canara bank?
Swarna Loans:0.50% of the Loan amount (Minimum of Rs. 500/- and Maximum of Rs. 5,000/-). Swarna Overdraft:0.50% of the Loan amount (Minimum of Rs.
What is the rate of gold loan in Canara Bank?
Processing Charges Swarna Loans:0.50% of the Loan amount (Minimum of Rs. 500/- and Maximum of Rs. 5,000/-). Swarna Overdraft:0.50% of the Loan amount (Minimum of Rs.
What is the rate of interest for agriculture loan in Canara Bank?
Canara Bank Agri Loan Interest Rates
| S. No | Agriculture Loan Limit | Applicable Rate of Interest |
|---|---|---|
| G | Up to Rs. 3 Lakhs | MCLR + 1.30% |
| Above Rs.3 Lakhs | Rate of Interest | |
| 151 to 170: MCLR + 1.55% | ||
| 125 to 150: MCLR + 2.05% |
What is the gold loan interest in Canara Bank?
Canara Bank Gold Loan interest rates, which are linked to the Repo Rate set by the Reserve Bank of India (RBI), range from 9.10% to 9.20% per annum. The final rate of interest will be decided upon the loan amount taken by you.
How can I get agriculture loan in Canara bank?
ELIGIBILITY
- All agriculturists owning and cultivating agricultural land of more than 5 acres of irrigated/10 acres of dry land.
- 2 years of satisfactory dealing.
- Agriculturists engaged in allied activities – minimum gross annual income – Rs. 5 Lacs.
Which bank is best for gold loan SBI or Canara?
Compare Gold Loan EMI of SBI and Canara Bank As per the current rates, Canara Bank offers a lower interest rate of 7.65% on Gold Loan when compared to SBI which offers a Gold Loan at 7.70%.
How can I get agriculture loan in Canara Bank?
What is the interest rate of gold loan in Canara Bank?
7.65% onwards
Canara Bank Gold Loan Interest Rate – Interest Rate Offered by other Banks
| Lender | Gold Loan Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| Canara Bank | 7.65% onwards | Rs. 5,000 to Rs. 20 lakh |
| SBI Bank | 7.50% onwards | Rs. 20,000 to Rs. 50 lakh |
| PNB | 8.75% onwards | Rs. 25,001 to Rs. 10 Lakh |
| HDFC Bank | 9.90% onwards | Rs. 25,000 to Unlimited |
What is the interest rate for agriculture loan in Canara Bank?
1. One year MCLR+1.05% 4 % if the borrower qualifies under DRI and loan quantum is restricted to Rs 15000/-.
What is the interest rate on agricultural loan?
Compare Best Agriculture Loan Interest Rates in India 10.00% – 15.33% p.a. Up to 2% of sanction limit at the time of disbursement. Central Bank of India (Cent Kisan Tatkal Scheme) 8.70% p.a. onwards. Up to Rs.25,000 – Nil.
What is the gold rate interest in Canara Bank?
| Key Highlights of Canara Bank Gold Loan Interest Rate | |
|---|---|
| Canara Bank Gold Interest Rate | 7.65% p.a. onwards |
| Eligibility | Savings account with satisfactory dealings Or Credit-worthy new Customers |
| Loan Amount | Rs. 5,000 to Rs. 20 lakh |
| Loan Tenure | Swarna Loan – 12 months Swarna Overdraft – 24 months Swarna Express – 6 months |
What is the gold loan interest of Canara Bank?