New Delhi: Even after the lockdown, there are many banks that agree to give you a loan with a great scheme. In this case, the name of public sector banks always comes first. In this sequence, Canara Bank has announced a scheme to give you a cheaper loan. The bank has come up with a new scheme to give loans against gold.

Canara Bank has started a separate special business unit for gold loans by pledging gold to customers. The bank has taken this step in view of the money crisis faced by the customers due to the coronavirus epidemic. According to media reports, the bank will run a campaign for Gold Loan till 30 June this year. In this, customers will be given loans at 7.85 percent per annum.

Overall, Canara Bank has brought a new loan scheme keeping in mind the needs of the customers in the current circumstances. Canara Bank said that the loan obtained through it can be used for various purposes, including farming and related work, business needs, health emergencies and personal needs. This loan can be taken from some special branches. Customers will have to repay this loan in one to three years with easy payment options.

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