A gold loan is one of the most practical solutions when you need instant funds without selling your jewellery or disturbing long-term savings. In 2026, many borrowers still prefer gold loans because they are secured loans, involve comparatively quick processing, and offer flexible repayment structures depending on the lender’s scheme. Whether the financial requirement is for personal emergencies, business cash flow, medical expenses, education fees, or seasonal family needs, gold loans remain a reliable credit option.

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Canara Bank, one of India’s most trusted public sector banks, offers attractive gold loan interest rates starting from 8.75% per annum. Canara Bank provides multiple gold loan schemes designed for different borrower requirements, including Swarna Loan, Swarna Express, and Swarna Overdraft. Each scheme has its own interest rate range, processing fee structure, and repayment format, so selecting the right one can reduce your total cost and improve repayment comfort.

In this guide, you will get a complete understanding of the Canara Bank Gold Loan Interest Rate 2026, including highlights, scheme-wise interest rates, per gram loan value, agriculture gold loan rate, eligibility criteria, step-by-step application procedure, and documents required. This information helps borrowers plan their loan responsibly and avoid confusion during appraisal, sanction, and closure.

Canara Bank Gold Loan Interest Rates Highlights

• Gold Loan Schemes: Canara Bank offers Swarna Loan, Swarna Express, and Swarna Overdraft schemes, each designed for different loan needs and repayment flexibility.
• Interest Rate: Interest rates start from 8.75% per annum onwards, making it a competitive option for secured borrowing against gold jewellery.
• Loan Amount: Borrowers can avail gold loan amounts up to ₹35 lakh, depending on gold valuation, purity assessment, and eligible loan-to-value limits.
• Processing Fees: Processing fees can go up to ₹2,750 plus GST, depending on the selected scheme, loan amount, and bank’s applicable fee structure.
• Tenure: The tenure is available up to 12 months, and borrowers can opt for bullet repayment, which allows repayment at the end of tenure.

These highlights are helpful for comparison, but borrowers should always confirm scheme terms at the branch because charges and conditions can vary slightly.

Canara Bank Gold Loan Interest Rate 2026

Canara Bank gold loan interest rates in 2026 depend on the scheme you select. Unlike lenders that offer one standard rate, Canara Bank provides multiple gold loan schemes, and each scheme has its own interest structure. This is beneficial because borrowers can choose the scheme that suits their repayment capacity, urgency, and financial planning style.

• Must Know: Gold Rate Prediction for the Next 5 Years in India

The table below presents Canara Bank gold loan interest rates 2026 for different schemes:

Type of Loan	Rate of Interest
Swarna Loan	8.90%
Swarna Express	8.75%
Swarna Overdraft	8.90%

• Swarna Express offers the lowest starting rate: Swarna Express begins at 8.75% per annum, which can be suitable for borrowers prioritizing lower interest burden.
• Swarna Loan provides stable scheme-based pricing: Swarna Loan is typically offered at 8.90%, and it suits borrowers who want a standard gold loan format.
• Swarna Overdraft supports flexible withdrawal structure: Swarna Overdraft is offered at 8.90% and can be useful for borrowers needing funds with overdraft-like flexibility.
• Scheme selection impacts total repayment comfort: Choosing the correct scheme is important because tenure, interest calculation, and repayment format affect your monthly cash flow requirements.
• Always confirm final applicable rate at the branch: Even though the scheme rates are listed, borrowers should confirm exact rate, charges, and repayment details before signing documents.

In 2026, even a small difference like 0.15% can create visible savings, especially for higher loan amounts or repeated gold loan renewals.

• Must Know: Best Day to Buy Gold Jewellery in India

Canara Bank Gold Loan Rate per Gram

Canara Bank gold loan rate per gram indicates the approximate loan amount you may receive per gram of pledged gold. This value changes daily because gold rates fluctuate based on international bullion prices, domestic demand, and market movements. The per gram eligibility also depends on the purity of the gold ornaments, which directly impacts the appraised value.

Canara Bank gold loan rate per gram ranges between:

• ₹3,725 to ₹4,000 per gram
• Per gram rate changes daily based on market value: Canara Bank updates the per gram lending value based on gold price changes, meaning eligibility can differ from one day to another.
• Higher purity jewellery often improves eligibility: Jewellery with higher purity generally receives better valuation per gram compared to lower purity ornaments, improving the approved loan amount.
• Net gold weight matters more than gross weight: Ornaments with stones, enamel, or non-gold parts may face weight deductions, reducing the final eligible grams for valuation.
• Loan-to-value policies control final disbursement: The bank applies loan-to-value norms, so borrowers receive only a percentage of gold’s assessed value, not full market price.
• Per gram estimate helps borrowers plan expectations: Knowing the approximate per gram range helps borrowers estimate eligibility, but the final amount depends on appraisal and branch sanction rules.

Borrowers should treat the per gram value as a planning guide and rely on branch appraisal for the final eligible loan amount.

Canara Bank Agriculture Gold Loan Interest Rate

Canara Bank provides agriculture gold loans for farmers and individuals involved in agricultural activities. These loans are particularly useful because agriculture income is often seasonal, and farmers may need funds for crop cycles, equipment maintenance, irrigation repairs, or working capital needs. A gold loan becomes a quicker alternative compared to business loans, especially when borrowers need quick liquidity without heavy documentation.

The Canara Bank agriculture gold loan interest rate for 2026 is:

• 8.75% per annum
• Agriculture loans support seasonal crop expenses: Farmers use agriculture gold loans for immediate needs such as seeds, fertilizers, labour payments, and irrigation-related expenses.
• Quick funding reduces dependence on informal borrowing: Gold loans help farmers avoid high-interest informal lenders by offering structured banking finance against existing assets.
• Lower interest improves repayment flexibility: The 8.75% rate helps borrowers manage repayment better compared to many unsecured credit options available in rural markets.
• Tenure planning remains important for farmers: Borrowers should select a tenure that matches expected harvest income cycles to avoid stress and late-payment penalties.
• Branch guidance helps choose correct scheme type: Farmers should confirm loan terms, repayment method, and eligibility requirements at the branch before proceeding with application.

Agriculture gold loan is a practical choice when a borrower needs funds quickly and wants structured repayment terms.

Canara Bank Gold Loan Eligibility Criteria

Canara Bank gold loan eligibility includes basic citizenship and age requirements, but the bank also evaluates borrower credibility through credit score and repayment history. While gold loans are secured, public sector banks often check credit behaviour to ensure responsible lending. Meeting eligibility criteria helps borrowers receive faster approvals and smoother processing during appraisal.

Individuals fulfilling the following conditions are eligible to avail loans with Canara Bank gold loan interest rates:

• You must be an Indian citizen.
• You must have a good credit score and credit history to prove your credibility.
• As a borrower, you must be over 18 years old.
• Indian citizenship is a mandatory requirement: Canara Bank provides gold loans to Indian citizens to comply with banking regulations and identity verification requirements.
• Credit history supports trust and faster approvals: A good credit score helps the bank assess repayment behaviour, which may positively influence approval experience and processing speed.
• Minimum age ensures legal borrowing capability: Borrowers must be above 18 years of age because loan agreements require legally valid consent and signature authorization.
• Gold collateral must be available for pledge: Even if credit score is good, loan sanction depends on eligible gold ornaments being available for appraisal and collateral submission.
• Eligibility can vary slightly by scheme type: Different schemes like Swarna Express or Swarna Overdraft may have internal conditions, so borrowers should confirm scheme-specific rules.

If your credit history is weak, you may still enquire, but approval and sanction terms depend on branch-level policy and risk evaluation.

How to Apply for a Gold Loan in Canara Bank?

Applying for a gold loan in Canara Bank is a straightforward process, but borrowers must remember that gold loans require physical gold appraisal at the branch. Even if you collect information online, the final approval depends on purity testing, net weight calculation, and document verification. In 2026, Canara Bank continues to follow a secure and structured application process to ensure borrowers receive fair valuation and transparent loan sanctioning without unnecessary delays.

• Step 1: Visit your nearest Canara Bank branch: Go to the closest branch that provides gold loan services, and confirm working hours to avoid waiting and processing delays.
• Step 2: Request the gold loan application form: Ask the bank representative for the correct Swarna Loan, Swarna Express, or Swarna Overdraft application form based on your requirement.
• Step 3: Carry your gold ornaments for evaluation: Bring eligible gold jewellery or ornaments for appraisal so the bank can test purity, weight, and calculate final loan eligibility.
• Step 4: Submit required documents for verification: Provide KYC documents, income proof if requested, and bank statements so the branch can complete identity verification and compliance checks.
• Step 5: Complete the gold appraisal process at the branch: The appraiser assesses net gold weight after deductions, confirms purity, and prepares the appraisal report for sanction calculation.
• Step 6: Receive sanction confirmation and disbursal: After approval, Canara Bank credits the sanctioned amount to your account, allowing immediate use for personal or emergency needs.
  

Following these steps correctly helps borrowers avoid unnecessary documentation issues and ensures faster gold loan approval and disbursal.

Borrowers should carry their gold ornaments and documents in original form to prevent delays in processing.

Documents Required For Canara Bank Gold Loan

Canara Bank requires basic KYC and financial documents to verify borrower identity and credibility. Since the loan is secured against gold, the bank focuses strongly on gold appraisal and borrower verification. Submitting complete documents helps ensure faster sanction and reduces the risk of follow-ups from the branch.

You need to provide the following documents along with Canara Bank gold loan application:

• KYC documents like latest salary slip, bank statement, etc.
• Jewel appraiser’s statement (bank assigns an appraiser).
• Form 16 or salary certificate as proof of income.
• KYC and banking proof helps verify borrower identity: Documents like bank statements and salary slips help the bank confirm your identity and financial stability for responsible lending.
• Income proof supports credibility and repayment confidence: Form 16 or salary certificate improves verification strength and can reduce questions during sanction, especially for higher loan amounts.
• Appraiser statement confirms purity and valuation details: The appraiser’s report ensures the bank calculates net eligible gold weight correctly and avoids disputes about collateral value.
• Documents reduce risk of processing delays: Providing complete documentation prevents repeated branch visits and speeds up approval, especially during high-demand loan seasons.
• Carry originals to avoid rejection at verification stage: Banks typically verify original documents before accepting photocopies, so borrowers should carry originals for smooth processing.

Having all documents ready in advance makes the application process much smoother and faster.

Canara Bank Gold Loan Processing Fee

Canara Bank charges a processing fee on gold loans to cover application handling, documentation verification, gold appraisal coordination, and sanction-related administrative processing. In 2026, the processing fee differs based on the gold loan scheme selected, which means borrowers should not assume one fixed charge for all cases. Understanding the processing fee structure helps you estimate upfront costs accurately and ensures you compare banks based on total borrowing cost rather than interest rate alone.

The processing charges for the Canara Bank Gold Loan depend on the loan scheme, which are as follows:

Loan Scheme	Processing Fee
Swarna Loan	0.30% of the loan amount, minimum ₹250 and maximum ₹3,000
Swarna Overdraft	0.30% of the loan amount, minimum ₹250 and maximum ₹3,000
Swarna Express	0.15% of the loan amount, minimum ₹125 and maximum ₹1,500

• Processing fee depends directly on scheme selection: Swarna Express charges a lower fee compared to Swarna Loan and Swarna Overdraft, helping reduce upfront borrowing expenses.
• Minimum and maximum limits protect borrowers: The fee has defined minimum and maximum amounts, preventing very low or excessively high fees based only on loan size.
• GST may apply on processing charges separately: Borrowers should confirm whether GST is charged over the processing fee, because it increases the final payable upfront cost.
• Processing charges affect net disbursed amount received: In some cases, the processing fee is adjusted from the sanctioned amount, reducing how much money reaches your account.
• Confirm exact fee breakdown before signing documents: Always request written confirmation of processing charges, GST, and any additional service fees to avoid billing confusion.

Understanding the processing fee is essential because it becomes a real cost on the very first day of your loan.

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Canara Bank Gold Loan Appraiser Charges

Gold appraisal is a mandatory step in any gold loan because the lender must confirm the purity and net eligible gold weight before sanctioning the loan. Canara Bank assigns professional appraisers to evaluate the pledged ornaments, and a nominal appraiser charge is usually applicable. Appraiser charges are not always identical for every borrower because they may vary depending on gold quantity, evaluation complexity, and branch-level procedures. Borrowers should treat appraisal as a value-protection step rather than only a fee.

• Appraiser confirms purity, weight, and eligibility of gold: The appraiser checks karat purity and calculates net gold weight after excluding stones, enamel, beads, or non-gold attachments.
• Charges may vary based on jewellery quantity and complexity: Heavier ornaments or multiple items can require more evaluation time, which may affect the appraisal fee structure.
• Appraisal prevents undervaluation disputes for borrowers: A documented appraisal helps borrowers understand the exact net gold considered, ensuring transparency during loan amount calculation.
• Net weight deduction impacts the final sanctioned amount: Jewellery with heavy stones or mixed materials may receive lower loan value because net eligible gold weight becomes smaller.
• Borrowers should request appraisal clarity and receipt: Always ask the branch for clarity on purity results and net weight calculation so you can understand the sanctioned amount properly.

Appraiser charges may look small, but appraisal accuracy determines whether you receive a fair and reasonable gold loan amount.

Canara Bank Gold Loan Maximum Limit

Canara Bank offers a maximum gold loan limit that helps borrowers raise higher funding using their pledged jewellery. In 2026, the maximum gold loan amount per borrower is ₹35 lakh, but the final sanctioned amount depends on your pledged gold value and the bank’s loan-to-value rules. Many borrowers misunderstand the maximum limit as guaranteed eligibility, but in reality, approval depends on net gold weight, purity, and scheme conditions. Borrowers should calculate realistic eligibility before expecting the maximum loan value.

• Maximum loan limit is ₹35 lakh per borrower: Canara Bank offers gold loans up to ₹35,00,000, depending on gold valuation, purity assessment, and loan-to-value calculations.
• Final sanction depends on collateral value after appraisal: Even if you apply for a high amount, approval is based on net eligible gold value confirmed during appraisal.
• Purity level can change the eligible loan amount: Higher purity jewellery generally offers stronger valuation per gram, increasing eligibility and helping borrowers reach higher sanction amounts.
• Gold with stones reduces your maximum loan eligibility: Ornaments with stones, beads, or enamel reduce net gold weight, lowering eligible value and limiting loan amount approval.
• Scheme conditions may impact maximum disbursable limit: The chosen scheme type and repayment format may influence internal approval limits, so always confirm scheme-specific cap details.

Borrowers seeking larger loans should carry complete documents and pledge mostly plain gold ornaments with minimal stone deductions.

How to Close Gold Loans in Canara Bank?

Closing your Canara Bank gold loan properly is important because your pledged jewellery will only be returned after full repayment and formal closure confirmation. Canara Bank gold loans are generally structured for up to 12 months, and borrowers must repay the outstanding amount within that period. Many borrowers opt for the bullet repayment method because it allows them to repay the principal at the end while paying interest during the loan tenure. Understanding the closure process helps you avoid delays and ensures smooth release of ornaments.

• Loan must be repaid within the allowed tenure period: Canara Bank requires borrowers to repay the outstanding balance within the agreed tenure, typically within 12 months of sanction.
• Bullet repayment can reduce monthly repayment burden: With bullet repayment, borrowers generally pay interest during tenure and repay the principal at maturity, supporting cash-flow management.
• Outstanding amount includes principal and interest components: Borrowers must clear both the principal and the accumulated interest, along with any applicable charges, before closing the loan.
• Closure must be done through the sanction branch: Loan closure is generally completed at the branch where the loan was issued, ensuring proper verification and collateral release procedure.
• Collect closure receipt and verify gold ornaments carefully: Always collect a closure acknowledgement and confirm ornament count, description, and condition before leaving the branch premises.

A disciplined closure approach ensures you regain possession of your gold without confusion or future account disputes.

How to Calculate Gold Loan Interest in Canara Bank?

Understanding gold loan interest calculation helps borrowers plan repayments and avoid financial stress. Canara Bank gold loan interest depends on the loan amount, interest rate, and tenure selected. While manual interest calculation is possible using the EMI formula, it can be time-consuming and confusing for many borrowers. That is why using a calculator or confirming the repayment plan at the branch is recommended. Borrowers should always calculate estimated repayment before taking the loan.

The following formula helps calculate EMI on gold loans:

• EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

• P = Loan Amount
• R = Rate of interest per month
• N = Loan tenure in months
• EMI calculation depends on monthly interest rate conversion: The annual interest rate must be divided appropriately to get monthly rate, ensuring the formula output reflects correct repayment values.
• Loan amount directly changes EMI size: A higher loan amount increases EMI proportionally, so borrowers should borrow only what is necessary and affordable.
• Tenure influences monthly payment burden significantly: Longer tenure usually reduces monthly EMI, but it can increase the total interest paid over the full repayment duration.
• Interest rate variation changes total repayment cost: Even small interest rate changes affect monthly EMI and total interest, especially for large loan amounts or repeated renewals.
• Manual calculations can create mistakes and confusion: Because the formula involves compounding, it is safer to use an online calculator for accurate EMI estimation.

Example provided

If Manoj takes a loan of ₹50,000 at 9.24% interest for 1 year, the EMI calculation gives approximately ₹4,620 as per the example.

Canara Bank Gold Loan Interest Rate Calculator

Manual EMI calculation can be difficult, especially when you want accurate figures quickly for comparison. Canara Bank gold loan interest rate calculator is an online tool that helps borrowers estimate monthly EMI without needing complex calculations. This tool is useful because it allows you to test different loan amounts, interest rates, and tenure options, helping you choose a repayment plan that fits your cash flow. In 2026, using online calculators is one of the easiest ways to plan borrowing responsibly.

• Online calculators provide faster and more accurate EMI estimates: Instead of using manual formulas, borrowers can enter values and instantly view EMI results with better accuracy.
• Helps compare loan affordability across tenures: By changing tenure values, borrowers can see how EMI changes and select the tenure that matches their monthly repayment ability.
• Supports better borrowing decisions before sanction: EMI visibility helps prevent over-borrowing, since borrowers can immediately see whether repayments will strain monthly finances.
• Useful for evaluating scheme selection differences: Since schemes have different rates and fees, calculator results help borrowers understand total cost and monthly repayment impact.
• Improves financial discipline and repayment planning: Borrowers who calculate EMI in advance are more likely to repay on time, avoiding penalties and ensuring smooth loan closure.

Using a calculator is strongly recommended before choosing between Swarna Loan, Swarna Express, or Swarna Overdraft options.

Canara Bank vs Other Banks’ Gold Loan Interest Rates

Comparing gold loan interest rates across banks helps borrowers identify the most affordable and practical option for their needs. While interest rate is important, borrowers should also compare processing fees, loan tenure, repayment flexibility, and branch service efficiency. Canara Bank’s gold loan rates typically fall in a competitive range, especially for secured borrowing. The table below compares Canara Bank’s gold loan interest rates with other major banks.

Bank Name	Interest Rate (% p.a.)
Canara Bank	8.75% – 10.25%
SBI	8.75% – 9.50%
Punjab National Bank	8.35% onwards
Bank of Baroda	9.00% onwards
HDFC Bank	9.30% – 17.86%
Federal Bank	9.99% onwards
Central Bank of India	8.05% – 8.35%
ICICI Bank	9.15% – 16.75%
Axis Bank	9.75% – 17.00%
Bank of India	8.6% – 8.75%
Union Bank of India	9.1% – 9.35%
Indian Overseas Bank	8.20% – 11.60%

• Canara Bank offers a competitive secured loan range: With rates between 8.75% and 10.25%, Canara Bank remains attractive for borrowers seeking lower-cost gold loan funding.
• Public sector banks often provide lower starting rates: Banks like Central Bank of India and SBI may offer lower starting rates, but scheme conditions and processing timelines can differ.
• Private banks may have wider interest rate ranges: Private lenders like HDFC and Axis may offer faster processing but can have higher upper-end rates based on scheme selection.
• Processing fees and repayment method matter in comparison: A lower interest rate may not always mean lower total cost, so borrowers must compare charges and repayment flexibility too.
• Borrowers should evaluate overall loan experience, not only rates: Service quality, clarity of charges, foreclosure rules, and appraisal transparency are important factors when choosing a lender.

A smart borrower compares both cost and convenience before selecting the gold loan provider.

Canara Bank Gold Loan Contact Number

If you need support regarding Canara Bank gold loan application, repayment, scheme selection, or any documentation queries, you can contact the bank through its customer service numbers. Customer support is helpful for clarifying interest rates, processing fees, branch requirements, and loan status updates. Keeping your loan details ready before calling can reduce waiting time and improve response accuracy.

• Customer care number 1: 1800 1030, useful for general banking support, gold loan enquiry assistance, and basic loan-related guidance from representatives.
• Customer care number 2: 080-22115526, helpful for branch connectivity, service escalation, and specific guidance related to loan processes in select regions.
• Customer care number 3: 080-22221581, suitable for additional service support, complaint registration, or detailed queries regarding loan processing and repayment.
• Keep your loan details ready before calling: Having your loan account number, branch name, and registered phone number ready helps complete verification faster.
• Branch visit may be needed for account-specific issues: For closure, renewal, or pledged gold release, the borrower usually must visit the sanction branch for formal completion.

For the fastest assistance, confirm the working hours and call during regular business timing when support teams can respond quickly.

Final Thoughts

Canara Bank gold loans in 2026 remain a strong option for borrowers who want secure funding with structured schemes and competitive interest rates. With gold loan rates starting from 8.75% p.a., a maximum loan limit of ₹35 lakh, and scheme options like Swarna Loan, Swarna Express, and Swarna Overdraft, borrowers can choose an option that matches their financial needs. However, it is essential to check processing fees, appraisal charges, and repayment method before signing documents. Proper planning ensures smooth repayment, timely closure, and safe return of pledged jewellery.

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