PNB Gold Loan Check Interest Rates, Eligibility & Application Steps

✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now

If you want to get funds by pledging your gold, Punjab National Bank (PNB) offers a convenient gold loan option. With the Scheme for Advance Against Gold Jewellery/Gold Ornaments, you can borrow up to ₹25 Lakhs, subject to the value of the gold submitted as collateral. Furthermore, you can choose from fixed or floating rates as per your requirements and preferences.

PNB Gold Loan Interest Rates and Charges

Here are the interest rates and associated charges for a gold loan:

Interest Rate	9.00% p.a. onwards
Processing Fee	0.30% of loan amount + GST or Rs. 500 + applicable Tax, whichever is higher
Documentation Charges	Nil

*Disclaimer: The mentioned charges are subject to change at the lender’s discretion.

Features and Benefits of PNB Gold Loan

High Loan Amount

Borrow amounts of up to ₹25 Lakhs by submitting your gold as collateral.

Low Interest Rates

Benefit from interest rates starting from as low as 9.00% p.a.

Flexible Repayment

Repay the loan at your convenience through bullet payments or regular EMIs.

Credit Type

You can opt for demand loans with a tenure of up to 12 months or an overdraft facility which needs to be renewed each year.

Digital Application

You can apply for this loan on the bank’s official website for an easy and convenient online process.

Loan-to-value (LTV) Ratio

The LTV ratio for the loan can go up to 80%, enabling you to own a major portion of your gold’s current market value.

Quick Processing

Get your gold loan approved and disbursed swiftly with minimal paperwork.

No Income Proof Required

You can apply for a gold loan without providing salary slips or income documents.

Secure Gold Storage

Your pledged gold is kept safe in a highly secure facility until you repay the loan.

How to Apply for a PNB Gold Loan

You can apply for a PNB Gold Loan online by following these easy steps:

Visit the official website and navigate to the ‘Products’ tab
Select ‘Retail’ and click on ‘Scheme for Advance Against Gold Jewellery/Gold Ornaments’ under the ‘Gold Loan’ section
Click on the ‘APPLY NOW’ option visible on the left side of the page
Select the ‘Click here’ option displayed on the screen
Click on the ‘Digital Gold Loan’ option
Log in by providing your mobile number and entering the Captcha code
Enter the generated OTP and your e-mail ID

Following this, a bank representative will reach out to you for further proceedings. You can also apply for the loan offline by visiting a branch office. A representative will guide you through the process and help you complete the application process. Be sure to check the eligibility criteria and carry all the required documents before visiting the branch office.

PNB Gold Loan Eligibility Criteria

Here are some basic requirements you are usually required to fulfil to qualify for a PNB Gold Loan:

You should be residing in India
You can apply for the loan individually, jointly, or on behalf of minors
Trusts, HUFs, charitable institutions and universities

To get a complete understanding of the eligibility requirements, reach out to PNB and get a complete list of the requirements.

Documents Required for PNB Gold Loan

When applying for a gold loan from the Punjab National Bank, you may be asked to provide the following documents:

KYC documents like ID proof, address proof, and income proof
Duly filled application for Loan against Gold Jewellery / Ornaments Annexure - B
Loan application for advance against Sovereign Gold Bonds-Annexure D-PNB 2024
Details of Sovereign Gold Bond offered as security-Annexure G-PNB 2026
Any other document/paper requested by the Punjab National Bank

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

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What is the interest rate charged on gold loans offered by PNB?

The interest rate charged on these loans can start from 9.00% p.a.

What are the other charges I will have to pay for my PNB Gold Loan?

Alongside the interest rates, you will be required to pay a processing fee starting from just 0.30% of the loan amount with GST.

How much can I borrow with a PNB Gold Loan?

You can get amounts of up to ₹25 Lakhs with this loan. However, the amount you can borrow depends on your eligibility and the value of your gold.

What is the minimum and maximum loan amount?

You can get a gold loan ranging from ₹25,000 to ₹25 Lakhs.

How is the gold loan amount calculated?

The loan amount is determined based on the gold rate, which is ₹7,566 per gram for 22-carat gold.

What is the repayment tenure?

The loan must be repaid through a bullet payment, where both principal and interest are paid at maturity. The maximum tenure is up to 12 months.

Can I apply for a PNB Gold Loan online?

Yes, you can apply online through the official PNB website by visiting https://digigoldloan.pnbindia.in/GoldLoan/Processor/CustomerLogin

What happens if I fail to repay the gold loan?

If you fail to repay the loan, the bank may charge penalties, and in case of continued default, your pledged gold could be auctioned to recover the outstanding amount.