Canara Bank Gold Loan in Chennai (jewel loan)
Canara Bank gold loan by weight in Chennai
| Gold (22K) | Chennai value | LTV | Loan amount |
|---|---|---|---|
| 1 gram | ₹13,427 | 85% | ₹11,413 |
| 8 grams | ₹1,07,416 | 85% | ₹91,304 |
| 10 grams | ₹1,34,270 | 85% | ₹1,14,130 |
| 20 grams | ₹2,68,540 | 85% | ₹2,28,259 |
| 50 grams | ₹6,71,350 | 75% | ₹5,03,513 |
Loan amount = Chennai's 22K value × the applied LTV. RBI 2026 caps LTV at 85% up to ₹2.5 lakh, 80% up to ₹5 lakh, then 75% — so larger loans get a lower percentage. Making charges and stones aren't funded.
At a glance
| Loan per gram (22K, today) | ₹11,413 |
| Interest rate | from 8.75% p.a. |
| Max loan-to-value | 85% |
| Chennai gold rate (22K) | ₹13,427/g |
About Canara Bank gold loan in Chennai
How much you can borrow against gold in Chennai depends on two things: Canara Bank's loan-to-value and interest rate (the same across India), and Chennai's gold rate today. At ₹13,427/g for 22K, a 85% LTV works out to about ₹11,413 per gram. Ten grams of 22K jewellery would fetch roughly ₹1,14,130.
Canara Bank markets this as a jewel loan — it's the same product as a gold loan, secured against your jewellery, with the same per-gram value and interest.
Bring hallmarked jewellery and KYC to any Canara Bank branch in Chennai; disbursal is usually same-day. Compare the rate with other lenders below before you sign — a lower interest rate on the same gold can save more than a slightly higher LTV.
Loan-per-gram is indicative, based on Chennai's live 22K rate and Canara Bank's stated 85% LTV; your branch's valuation and the RBI LTV tiers set the final amount. Confirm the current interest rate at the branch.
FAQs
Per-gram loan values are computed from our indicative daily 22K gold rate and the RBI-2026 maximum LTV. The interest rate, fees and tenure are indicative, not an offer, and are set by Canara Bank at application — confirm with the bank before you apply. RatesToday is not Canara Bank, is not a lender or a SEBI/RBI-registered adviser, and is not affiliated with or endorsed by the bank. This is general guidance only, not financial advice.