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 are looking to liquify your gold assets to fulfil your requirements, gold loans offered by the Punjab National Bank (PNB) are a great 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	0.77% p.m. or 9.25% p.a. onwards
Processing Fee	0.30% of loan amount + GST

*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 9.25% 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 75%, enabling you to a major portion of your gold’s current market value

How to Apply

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.

Eligibility Criteria for Punjab National Bank Gold Loan

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 a Punjab National Bank 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
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.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.