Canara Bank Canara Swarna Gold Loan

Loan Against Gold from Canara Bank

Leverage the power of your gold and jewellery to pay off your debts

Canara Bank Swarna Loan (Loan Against Gold Ornaments and Jewellery)

This loan helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins. This secured loan can be used to meet any financial needs such as a wedding, overseas travel, higher education, etc. as well as to consolidate high-interest debts.

Features of Swarna Loan (Gold Loan) from Canara Bank

Why this Loan?

  • The Canara Bank Swarna Loan is meant for borrowers who want to avail financial assistance by pledging gold jewellery or specially minted gold coins sold by any bank to meet their financial needs
  • Being a secured loan, borrowers can avail this scheme as a consolidation loan and pay off their high-interest credit card debts and loans, thereby consolidating their debts
  • Credit-worthy Savings Account holders of Canara Bank and properly introduced new customers are eligible for this loan

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan is Rs. 20 lakh


  • As of October 2020, the interest rate applicable to this loan is 7.65%


  • This loan must be repaid within 12 months from the date of sanction


  • Credit-worthy savings bank account holders of Canara Bank as well as properly introduced new customers who are the true owners of the gold ornaments, jewellery or specially minted gold coins sold by the banks are eligible for this loan

Security Needed

  • The bank accepts pledging of gold ornaments or gold coins to secure this loan

Processing Charges

  • The bank charges up to 1% of the loan amount for processing this loan, with a minimum of Rs. 1,000 subject to a maximum of Rs. 5,000 per loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • Canara Bank Website: and (net banking)
  • Headquarters: Bengaluru, Karnataka
  • Call Centre Toll-Free Number: 1800 425 0018