PNB Gold Loan Interest Rates

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PNB gold loan interest rates are apt for anyone, as these are low, starting at 10.05%. The Punjab National Bank (PNB) offers many types of gold loans for all types of customers, making it one of the most competitive loans against gold providers in India. These interest rates apply to both new as well as the prevailing customers. The actual interest rates completely depend on three factors, the loan value, purity of gold you pledge and the loan to value ratio.

The provides all information about PNB gold loan rate of interest.

Punjab National Bank Gold Loan and Interest Rate Details updated on

Gold Loan


Interest Rate

Starting from 10.05%

Processing Charges

Pay 0.7% of the loan value upfront plus taxes

Tenure of the Loan

1 year

Loan Value

Rs. 10 lakhs at max

Prepayment Fee


Gold Loan Scheme

Bullet Repayment Scheme

EMI Scheme

Overdraft Scheme

Features of PNB Gold Loan

  • The gold loan is provided to the borrowers for their personal as well as their business requirements.
  • No prepayment charges apply on the jewel loans.
  • The collateral or the security to be provided for these loans is the gold jewellery or gold coins.
  • Gold jewellery or coins of no more than 50 grams are accepted. They should have their purity levels of 18 – 22 carat.
  • The customer segments of the bank officered jewel loans include businessmen, students, pensioners, salaried people, self-employed professionals as well as homemakers. The applicant should be at least 18 years old.

PNB Gold Loan Interest Rate Calculator

The gold loan interest rates at PNB start at 10.05%. Factors such as loan tenure, amount, loan to gold ration determine the actual interest rates. The existing account holders might enjoy additional discount on these loans.

  • Loan Amount:The loan value depends on the weight of the gold jewellery you pledge with the bank. The rates of loan per gram of gold differ based on the purity of the gold. Higher loan values attract lower interest rates and vice versa applies. Loan value may go up to INR 10 lakhs in one go.
  • Maintaining a relationship with the Bank:If you are known to be an existing customer who has always been loyal to the bank and made payments on time in the past, then maintaining a relationship with the bank can fetch you better interest rate offers.
  • Loan tenure:short loan tenures attached higher interest rates and the vice versa applies. The maximum tenure of availing a gold loan is 12 months.
  • Loan to Value ratio:According to RBI, the gold loan to value ratio cannot exceed 75%. PNB offers loans at lower LTVs too. interest rates on lower LTVs are comparatively lower compared to the high LTVs, subject to a maximum of 75%.
  • Why opt for the Loan?One can opt the loan for any purpose. However, agriculture being a priority sector, availing gold loans for agricultural use may get you concessions up to 1 – 2% on the interest rates.

Why Choose Punjab National Bank Gold loan?

The PNB has attractive offer on gold loan. It charges nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the bank has helped several customers fulfil their financial needs with loan against gold.

Other Charges of Gold Loan PNB

Other than the interest rates, following charges may apply to avail loans:

  • Processing charges –The minimum processing charges of a loan are 0.7% plus taxes that should be paid upfront. In order to make it to the lowest loan fee, visit Loanbaba and get the best deals and options on the PNB gold loans.
  • Prepayment/ foreclosure fee –The banks allow you to prepay the loans without any additional fee or charges to be paid.

Documents Required to Apply for Punjab National Bank Gold Loan: One only needs ID and address proof to avail the loan. You do not need to show an income proof or have a good CIBIL score to avail the same.

PNB Loan against Gold Repayment Options

  • Bullet Repayment Scheme
  • EMI Scheme
  • Overdraft Scheme

Apply for Gold Loan