PNB Gold Loan

PNB Gold Loan Interest Rate Feb 2017

Last Updated 08th Dec 2016
Interest Rate 10.75% - 11.75% Check Special Offer
Repayment Options EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme
Loan Tenure to 12 months
Minimum and Maximum Loan Amount Rs. 0 and Rs. 1,000,000
Processing Fee upfront fees of 0.70% of loan amount + taxes
Prepayment Charges Nil
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PNB Gold Loan Interest Rate Calculator

PNB offers gold loan to the customers who have urgent need of money. Gold loan to be offered by PNB has many features like:
  • Pan India presence with a large branch network
  • Reasonable rate of interest
  • Complete safety of your gold in bank lockers

Gold Loan PNB

Gold loan interest rates offered by PNB are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in PNB benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in PNB benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
PNB Gold Loan Rates depends upon
  • Loan amount: Gold loan rate in PNB depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate

Gold Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. PNB allows prepayment of gold loan with Nil prepayment charges
Processing Fee- PNB asks for a processing fee of upfront fees of 0.70% of loan amount + taxes with applicable service tax
Penal Interest- PNB charges a penal interest of 0.00% per month if you don’t pay the EMI on the due date decided by the bank

PNB Gold Loan EMI Calculator

Gold Loan EMI of PNB is a fixed amount that you pay each month towards the repayment of your jewel loan. Lowest EMI offered by PNB is Rs. 8,827 per lakh loan amount. Gold loan EMI of PNB depends upon:
  • Rate of interest: Higher the interest rate, higher will be the EMI. For a 12 months gold loan from PNB at interest rate of 10.75% per annum, EMI will be Rs. 8,827 per Rs. one lakh loan amount. At interest rate of 11.75% for the same loan, the EMI will be Rs. 8,873
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At 10.75% per annum, the EMI would range from Rs. 0 to Rs. 8,827 for loan tenure ranging from to 12 months

PNB Gold Loan Eligibility Calculator

Gold loan eligibility criteria PNB

Eligibility of Gold loan in PNB depends upon multiple factors:-
  • Quantity and quality of gold pledged: Gold loan eligibility depends upon the weight and assessment of purity of the gold jewelry that is being pledged. Gold ornaments karatage should be in the range of 18 to 24 karats. Both hallmarked jewellery and non hallmarked jewellery can be used for availing gold loan.
  • Gold loan rate per gram: PNB will value the jewelry based on price of 22 carat gold adjusted for purity. PNB use thirty days average rates of 22 carat gold prices. You can also check today gold rate at Myloancare.
  • Form of gold pledged: You can get gold loan from PNB against jewelry or ornaments with a purity of 18 carats or more and specially minted gold coins with a weight of up to 50 grams. You will not be eligible for gold loan against gold bars, ETFs (exchange traded funds), specially minted coins of more than 50 grams and ladies mangal sutra.
  • Purpose for which loan is used: You can use the gold loan from PNB for personal, business and agricultural purposes. However, you should not use gold loan for speculative purposes such as purchase of gold coins, jewels, land, and investment in stocks, futures and options.
Estimated eligibility online by using Gold Loan Eligibility Calculator

Popular Products

PNB offers you following gold loan schemes
  • Loan Against Gold Ornaments
  • Loan Against Gold Coins

Gold Loan PNB documents required

The documentation process of PNB is smooth. Here is a list of documents which are required to apply for home loan from PNB:
  • Identity proof: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Address proof: Aadhar Card, Voter’s ID Card bank statement, rent agreement, utility bills, registry copy

Frequently Asked Questions

What is the maximum loan tenure I can opt under PNB jewel loan?

PNB offers you tenure of upto 12 months to repay your gold loan.

Can I prepay my gold loan? What are the charges applicable?

Yes, you can prepay your gold loan. Applicable prepayment charges - Nil.

What is the maximum gold loan amount available?

You can avail gold loan up to Rs. 1,000,000 from PNB

Compare PNB Gold Loan

PNB Gold Loan in India

PNB Gold Loan News - Feb 2017
20th Apr 16 PNB becomes top mobiliser under Gold Monetisation Scheme
PNB has become the top mobiliser under Gold Monetisation Scheme, which was launched by Prime Minister Narendra Modi in November. The bank has mobilised substantial gold deposit under Short Gold Bank Term Deposit (STGBD) for three years from one of the leading trusts of India. Under the GMS, banks are authorised to collect gold for up to 15 years to auction them off or lend to jewellers from time to time. Depositors will earn up to 2.50% interest per annum, a rate lower than bank deposits.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.