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PNB Gold Loan Eligibility Calculator

PNB Gold Loan Per Gram

Last Updated 15th Jul 2021
Eligibility Criteria PNB Gold Loan Eligibility
Gold Loan per gram ₹ 2,545 to ₹ 3,111 depending on the purity of gold
Age of Borrower 21 - 65 years
Maximum Loan Amount ₹ 10 Lakh
  • PNB calculates the amount of gold loan you are eligible for based on the amount of gold you have, value and purity of the gold.
  • PNB offers a maximum LTV of up to 75% of gold’s market value.
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PNB Gold Loan Per Gram Eligibility

PNB gold loan per gram gives you an estimate of the loan amount you can get against your gold jewellery. You will get the loan based on the purity and gold price of your jewellery adjusted for loan to value ratio. PNB gold loan per gram eligibility depends upon purity of the gold, your age and gold quantity.

As per the latest gold prices, PNB offers a gold loan per gram of ₹ 2,545 to ₹ 3,111. Highest PNB gold loan rate per gram today is ₹ 3,111 for 22 carat jewellery calculated at a maximum LTV of 75% and the average gold loan prices of last 30 days in 2021 is ₹ 4,609 of 22 carat.

Gold Loan Calculator PNB

  • Purity and net weight of gold used in jewellery: PNB uses their in-house valuer to assess the purity and net weight of gold in your jewellery. Gold used in the jewellery should be of a purity of 18 to 24 carats. PNB can also reduce the weight of gems and stones from the jewellery to calculate the net weight of jewellery.
  • Price of gold: Once the valuer estimates the purity and net weight of gold in your jewellery, PNB will multiply it with past 30 days average price of 22 carat gold to calculate the value of gold. So, if the gold is of 20 carat purity, PNB will apply the 30 days average of 22 carat gold multiplied by a factor of 20/22 to adjust the value of gold.You can also check today's gold rate in your city at MyLoanCare.
  • Loan to Value Ratio: Once the value of jewellery is calculated, PNB will apply a LTV of up to 75% to calculate your jewel loan amount eligibility. If you are willing to take a loan amount lower than your maximum LTV, PNB may offer you a lower interest rate.

PNB Gold Loan Eligibility

  • Anyone who is above 18 years and below 70 years.
  • An applicant should be an Indian resident.
  • Must have gold jewellery of 18 carat to 22 carat.

How to check PNB gold loan eligibility?

To check PNB gold loan eligibility you can fill the gold loan eligibility calcualtor form with all details at MyLoanCare. Apart, To check PNB gold loan eligibility on PNB website perform the following steps:-

  • Go to the PNB website.
  • Now go to PNB gold loan.
  • Use gold loan eligibility calculator to check eligibility.
  • Fill the required details like loan amount required, weight of gold, age etc.

Also you can contact the bank by calling on their customer care number.

PNB Gold Loan Rate Per Gram by Gold Purity

PNB gold loan eligibility is dependent on the purity of gold jewellery that you have. The following table gives an approximate estimate of gold loan per gram PNB will offer against gold jewellery of different purity levels at a maximum LTV of 75% and lower LTV of 65%.

Gold Purity Gold rate per gram- average of past 30 days PNB best Gold Loan per gram PNB lowest Gold Loan per gram
22 carat₹ 46,090₹ 3,111₹ 2,696
20 carat₹ 41,900₹ 3,111₹ 2,451
18 carat₹ 37,710₹ 2,545₹ 2,206

The above table shows the method by which PNB Bank will calculate your per gram gold loan for gold of varying purity.

  • Gold loan per gram in PNB Bank offer for 22 carat jewellery will be between ₹ 2,696 to ₹ 3,111
  • PNB Bank gold loan per gram offer for 20 carat jewellery will be between ₹ 2,451 to ₹ 3,111
  • Gold loan per gram rate of PNB Bank for 18 carat jewellery will be between ₹ 2,206 to ₹ 2,545

Tips to Get Best Gold Loan Amount Per Gram from PNB

  • PNB accepts both hallmarked and non-hallmarked jewellery for getting a gold loan. However, you can get highest gold loan per gram for hallmark jewelry. Also, some banks charge a lower processing fees on hallmarked gold jewellery.
  • PNB adjusts the price of 22 carat gold for purity of gold. Hence, always try to borrow against higher purity jewellery as it will fetch you the highest amount for gold loan.
  • Always, try to choose jewellery which has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from total weight of jewellery. PNB will rely on the report of his gold valuer to calculate the net weight.
  • PNB will not accept diamond jewellery if the gold used is of less than 18 carat purity. Most of the diamond jewellery is made in 16 carat to 18 carat gold and hence, will result in very low gold loan per gram.
  • Always try to get the maximum LTV on the value of gold. PNB is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

How can I get a gold loan from PNB?

You can get a gold loan from PNB either online or offline, depending upon your convienence. For the online process, you can visit the official website of PNB and apply for a gold loan. In addition to that, you can give a missed call to PNB at their customer care number 1800-180-2222/ 1800-103-2222. For the offline process, you can visit the nearest PNB branch and fill up the PNB gold loan application form, You can also apply for a PNB gold loan at online marketplaces like MyLoanCare, where you can compare PNB gold loan offer with other top lenders and choose the best option for you.


What is the age limit required for gold loan from PNB?

The minimum age should be 21 years and maximum age should be up to 65 years.Based on your age, PNB decides upon your gold loan tenure that can range up to 12 months years.

What is the eligibility for PNB gold loan?

To avail a PNB gold loan you must be a citizen of India between 21 years to 65 years of age. He/should also have a gold jewellery which has purity above 18 carat. PNB gold loans are easy to avail as you can avail these loans, even without a good cibil score.

What is the maximum loan amount that I can avail on gold loan from PNB?

The maximum loan that you can avail from PNB is 75% of the market value of the gold depending on the quality of the gold.However, ensure that the gold fits the purity mark of minimum 18 carats of gold and is hallmarked. Before availing a gold loan from PNB ensure checking the current gold rate per gram, to get a good sum on your gold.

What is the loan tenure of PNB gold loan?

PNB gives gold loan to the applicants for a maximum tenure of 1 month to 12 months. So, the borrower should be sure about the repayment capacity of the loan. To plan your gold loan prepayments within this tenure, you can use PNB gold loan emi calculator.

What kind of gold items are accepted and rejected as a security?

Gold ornaments with carats in the range of 18 to 24 and weight of more than 50 grams are accepted by PNB. PNB does not allow customer to borrow against gold bars, exchange traded funds and ladies mangal sutra.

Do I need a co-applicant to get a gold loan from PNB ?

No, you do not need a co-applicant to get a gold loan from PNB . To get a gold loan you only need to have gold jewellery and a stable source of income. Value of your gold, purity marks and your age, are key requirements to avail a gold loan from PNB . Thus, you can get a gold loan easily without a co-applicant, when you own the gold.

How much processing fee is applicable in PNB gold loan?

PNB charges a processing fee of 0.70% of loan amount + taxes on gold loan.Processing fee on PNB gold loan can vary from customer to customer depending upon the gold loan eligibility. In addition to that, you can also negotiate the PNB gold loan processing fee, if you are an existing customer of PNB.

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PNB Gold Loan News - Jul 2021
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    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
  • 2021-06-30 : PNB to restructure loans worth Rs 6000 crores
    Under restructuring 1.0, Public sector lender Punjab National Bank (PNB) received requests for restructuring Rs 11,000 crore in corporate, retail, and MSME loans. Under the Reserve Bank of India (RBIs) restructuring 2.0 window, PNB expects to restructure loans worth Rs 5,000-Rs 6,000 crores as the impact of the second wave of the Covid-19 pandemic fades.
  • 2021-02-08 : PNB reported net profit of 506 crores
    PNB posted an 18.5% year-on-year decline in its net profit to Rs 506 crore for the quarter ended December. Further, the bank reported net interest income on the back of retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans at Rs 8,313 crore.
  • 2020-12-29 : PNB completes IT integration of all branches of two merged entities
    Punjab National Bank clarified that the customers of the former OBC Bank are now migrated to CBS of PNB wherein they can transact seamlessly via existing branches and digital banking channels like internet banking and mobile banking. The amalgamation of PNB, United Bank of India and OBC has come into effect from April 1, this year. The merger created the second-largest nationalized bank in terms of business and total branches.
  • 2020-11-03 : PNB reported an 18% decline in Q2 net profit
    PNB posted a 22% increase in net profit to Rs 621 crore in the second quarter against Rs 507 crore in the year-ago period. Bank net interest income rose to Rs 8,393 crore and the bank’s net interest margin improved to 3.21% for the quarter ended September. Further, PNB’s total income backed by retail loans like home, personal, gold, two-wheeler and car loans along with mudra and business loans stood at Rs 23,439.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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