Know more about the gold loans offered by PNB
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.
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 valueYou 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.
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.
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
Frequently Asked Questions
What is the interest rate charged on gold loans offered by PNB?
The interest rate charged on these loans can start from 9.25% 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.
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