The current pandemic has changed the socio-economic order of the country and managing everyday expenses, business continuity, health and family care are a challenge for many. Canara Bank, the fourth largest Public Sector Bank in India, has identified the emerging financial needs of customers and the need to support their livelihood in view of the current challenges and uncertainties. In order to address these needs and to provide hassle free credit, the Bank has launched a Special Business Vertical dedicated for Gold Loans.
The Bank’s Gold Loan products are designed keeping in mind the need for quick, hassle-free experience for customers with low interest cost. The loans will help the customers with the much needed liquidity to revive their business activities and to bring back normalcy to their lives. With this objective, the Bank has also launched a special Gold Loan campaign till 30th June 2020 with an interest rate as low as 7.85% per annum.
The credit can be utilized for different purposes, such as expenses for agriculture and allied activities, business needs, health emergencies, personal needs etc among numerous other requirements.
