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How to Apply for Gold Loan

Author: Muskan Sharma
by Muskan Sharma
Posted: Jul 11, 2019

In the darkness of your bad credit score and financial emergency, Gold Loan service becomes a ray of hope for you. Gold Loan provides you with a monetary value against your gold deposits. It is one the best way to utilize your current asset like Gold. Understanding gold loan services is not so complicated; the question arises how to apply for Gold Loan. There are many financial institutions as well as non-financial institutions which provide Gold Loan services, but still, people prefer availing Gold Loan from financial institutes. Gold is said to be a symbol of pride, especially in India, buying and selling Gold is an old tradition. Therefore, people in India are more conservative towards their precious metal. However, availing a gold loan with financial institutes is likely to be more preferable where; Canara Bank is here to provide best gold loan services at the best interest rates Canara Bank is one of the leading public sector banks in India. The Bank was founded in 1906. Bank provides so many financial products, including Gold Loan services. Canara Bank Gold Loan interest rate is offered under the percentage from 12.00% to 0.00%. The Bank charges only 1% of the loan amount as processing fees, which is minimum to Rs. 1000 and maximum to Rs. 5000. As Gold has the highest liquidity with stable value, therefore, the lender disburses the amount in minutes also the lender knows that in case of bad debts the amount will be recovered with the gold ornaments which is being provided as collateral, thus, their minimal documentation required in the process of availing Gold Loan.

You can avail Gold Loan at the best interest rates all you have to do is search Canara Bank Gold Loan and fill the application form by filling your required details and your good to go!

Canara bank Gold Loan offers the amount of loan under a scheme. The Swarna Bhrosa Scheme of Canara Bank is the best loan present in the market with the lowest rate of interest, and easy availability makes it one of the best service providers in the market for providing gold loans. Thus, apply for Canars Bank Gold Loan at your comfort zone and meet your financial emergency let the Gold Loan service become your ray of hope in your darkest times.

Canara Bank gold loan per gram gives you an estimate of the loan amount you can get against your gold ornaments. You will get the loan amount based on the purity and gold price of your gold ornaments adjusted after applying some safety masseurs this safety factor minimizes the risk for the lender which makes the process of gold loan the fastest and effortless way to avail and meet your current financial emergency.

As per the latest gold prices, Canara Bank offers a gold loan per gram of Rs. 1,959 to Rs. 2,395. Highest Canara Bank gold loan rate per gram today is Rs. 2,395 for 22-carat jewellery calculated at a maximum LTV of 75% and average gold loan prices of last 30 days in 2019 is Rs. 3,193 of 22 carats.

Thu, to meet your current financial emergency apply Canara bank Gold Loan at the best interest rates.

About the Author

Gaurav Khurana worked as national sales head of Ing Investment Mgt India, Vice President & National Sales Director of Cross-Sell. Asst. Vice President & Branch Head of Citi Bank. Ceo of DidalaBank India’s First Financial Portal from 2011 to Present.

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Author: Muskan Sharma

Muskan Sharma

Member since: Jul 08, 2019
Published articles: 1

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