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PNB Gold Loan Interest Rate

PNB Gold Loan: Details 2022

Last Updated 12th Jan 2022

PNB Gold Loan Interest rate starts at 7.25% with a loan tenure of 1 month to 12 months. PNB jewel loans offer low interest with multiple repayment options including EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme. PNB also offers agriculture gold loans with interest rates lower than the rates for regular customers Check Best Offers.

PNB Gold Loan Rate 7.25% onwards
Processing Fee 0.70% of loan amount + taxes
Loan Tenure 1 month to 12 months
Loan Amount ₹ 1,000 to ₹ 10 Lakh
Prepayment Charges Nil
Gold Loan SchemeEMI Scheme, Bullet Repayment Scheme, Overdraft Scheme
Apply for Gold Loan @ 9.00%* Get upto ₹ 500* Cashback

PNB Gold Loan

PNB gold loan can be availed by pledging your gold ornaments for meeting urgent personal expenses like children's education, marriage and other financial emergencies in family or business. The gold mortgaged acts as a security to the loan. Taking a loan from PNB has the following benefits:

  • Pan India presence with a large branch network
  • Reasonable rate of interest
  • Complete safety of your gold in bank lockers

Current PNB Gold Loan Interest Rate

PNB gold loan interest rate currently starts at 7.25% and goes up to 7.50%. The lowest interest was decreased by 1.45% on 09 Dec, 2021. You can avail jewellery loans for any purpose for a maximum tenure of 12 months. PNB offers a gold loan at the cheapest rates as it is a secured loan and has multiple repayment options like the gold loan EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme.

PNB Gold Loan Details

  • Purpose of Gold loan: To meet personal and business expense requirements
  • Collateral: Loan against security of your gold jewellery
  • Type of Gold Accepted: Gold jewellery of up to 50 grams with a purity of 18 to 22 carat
  • Customer Segments: PNB offers jewel loans to all individuals above 18 years of age, including salaried, self-employed professionals, businessmen, students, pensioners and housewives
  • Gold Loan Features
    • PNB gold loan interest rates starts from 7.25% to 7.50%
    • PNB charges a processing fee of 0.70% of loan amount + taxes
    • Loan Tenure of Gold Loan ranges from 1 month to 12 months
    • The lowest EMI per lakh on Gold Loan from PNB is offered at the lowest gold loan interest rate and at the longest loan tenure.
    • PNB allows prepayment of jewel loans with Nil charges

Documents Required for PNB Gold Loan

The documentation process of PNB is smooth. You need to submit one proof of identity and one proof of address to get a PNB gold loan. The list of identity and address proofs is as follows:

  • Identity proof: PAN Card, Driving License, Passport, Voter’s ID Card, Aadhar Card
  • Address proof: Voter’s ID Card, Aadhar Card, Rent Agreement, Utility Bills, Bank Statement

Comparison of PNB Gold Loan with other Banks

Gold loan interest rates in PNB are very affordable. However, you must analyze multiple banks and their offers before applying for a jewellery loan.

Particulars PNB SBI HDFC Bank
Current Interest Rate 7.25% - 7.50% 7.50% - 7.50% 9.00% - 15.00%
Previous Lowest Interest Rate 8.06% 8.06% 8.06%
Lowest Rate Difference -0.81% -0.56% 0.94%
Processing Fees 0.70% of loan amount + taxes 0.25% of the loan amount, minimum-₹ 500 0.20% of the loan amount
Loan Tenure 1 month to 12 months 3 months to 36 months 3 months to 24 months
Loan Amount ₹ 1,000 to ₹ 10 Lakh ₹ 20,000 to ₹ 50 Lakh ₹ 25,000 to ₹ 10 Lakh
Foreclosure Charges Nil Nil Zero prepayment charges post 6 months
Repayment Options Y Y Y
Lowest EMI Per Lakh ₹ 8,664 per lakh ₹ 3,111 per lakh ₹ 4,568 per lakh

How can I get a Gold Loan from PNB?

You can apply for a gold loan with PNB directly through branch walk-in or by filling an online application form.

  • To get the best gold loan rate offers and comparison of all banks, you can apply online through MyLoanCare.
  • MyLoanCare will give you a detailed comparison of gold loan schemes of all banks, calculate your gold loan eligibility and connect you to the best bank for gold loan.
  • Customer representatives of the bank will instantly contact you to fix up an appointment for a branch visit.
  • Further, you will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting a loan is smooth, convenient and quick.

You can get a gold loan in a single branch visit, during which PNB will do an appraisal of your jewellery in terms of its purity and weight. If the jewellery meets the bank standards, the bank will sanction your loan and give you an instant loan against the security of your gold jewellery.

PNB Gold Loan Interest Rate Calculator

Lowest Gold Loan Interest Rate in PNB is 7.25%. The factors that affect the PNB gold loan interest rate are loan amount, loan tenure and loan required as a percent of the value of gold jewellery. PNB’s existing account holders get a gold loan at the best rates compared to other customers.

  • Loan Amount: The amount of gold loan you avail from PNB depends on the weight of jewellery you can pledge with the bank. PNB offers a loan per gram of gold which differs by the purity of gold and loan to value ratio offered. The Bank offers loans between ₹ 1,000 and ₹ 10 Lakh. The gold loan interest rate PNB is lower for higher loan amounts.
  • Relationship with the Bank: PNB offers special rates, offers and charges to the existing account holders of the bank. Those who have made their payments on time in the past can benefit from a low gold loan interest rate from PNB.
  • Loan tenure: PNB offers gold loans for a tenure of 1 month to 12 months. The interest rate is higher for short tenure gold loans.
  • Loan to Value ratio: Maximum gold loan to value ratio on gold jewellery has been fixed at 75% by RBI. However, PNB also offers loans at lower LTVs. The interest rate on loans with lower LTV will be lower compared to loans with higher LTV. The maximum LTV offered by PNB is 75% calculated on the net weight of gold in your jewellery.
  • Purpose of Loan: All banks, including PNB, also offer gold loans for agricultural purposes at low concessional rates, as the same is counted under priority sector lending targets of the bank. PNB's gold loan interest rate for agricultural loans is generally lower by 1-2% compared to its gold loan rate for regular customers.

PNB Gold Loan Charges

In addition to interest rates, PNB also carries some other charges while offering gold loans which includes:

  • Processing fees – PNB charges minimum processing fees of 0.70% of loan amount + taxes. To get the lowest fee, gold loan interest rates comparison, offers and cashback apply online through MyLoanCare.
  • Prepayment and foreclosure – Banks allow prepayment of gold loans and typically levy prepayment or foreclosure charges i.e. Nil.
  • Stamping charges - Stamping charges are charged for the transference of ownership of tangible assets. The charges are as per the respective State's Stamp Act.


Has PNB reduced the interest rate on the gold loan?

Yes, PNB has reduced the lowest interest on gold loans as effective from 09 Dec, 2021. Presently, PNB offers gold loans starting at 7.25%, which is a decrease of 1.45% from the previous rates of 8.70%.

How much gold loan can I avail from PNB?

You can get upto ₹ 10 Lakh as a gold loan from PNB. However, the maximum loan amount depends on the value of the gold you pledge. PNB funds upto 75% of the gold value as a loan.

How can I check my PNB gold loan status?

You can check the loan status of PNB gold loan by visiting the website and log in to the PNB net banking. Once logged in, go to the track loan application in the loans section. If you have applied for a gold loan through MyLoanCare website, log in to your MyLoanCare account, and the status of your loan will be shown on the homepage of your account. However, if you are concerned about the loan approval status, then in the case of a gold loan, the process of acceptance to disbursal is done within 24 hours.

Is gold loan PNB available online? Is there a PNB gold loan online payment facility?

No, you cannot apply gold loan online in PNB to get a quick loan. Yes, PNB offers gold loan online payment facility.

Are there any prepayment charges on PNB gold loan?

Yes, you can prepay your jewel loan after paying prepayment charges. The applicable prepayment charges to foreclose loan from PNB are Nil. Before enclosing your gold loan in advance, ensure that foreclosure of PNB gold is beneficial in managing financial burden and does not hamper your debt to income ratio.

Does PNB offer Agricultural Gold Loan?

No, PNB does not offer any special gold loan scheme for agriculture. You will need to avail loan against gold against the bank’s regular gold loan scheme, even if you need it for agricultural purposes.

What is the procedure for a gold loan in PNB?

To apply for a gold loan in PNB visit the nearest bank branch or log in to the official website. Also, you can apply with MyLoanCare to get the best offers. Before applying ensure you meet the PNB gold loan eligibility criteria and keep your documents handy. Most importantly, be informed of the purity check of your gold.

Does PNB offer an additional discount on gold loan interest rates for women?

No, PNB offers the same gold loan interest rate to all the borrowers, they do not offer lower interest to women borrowers. However, the interest rate is lower for people who take loans for agricultural purposes.

Can PNB gold loan interest rate be negotiated?

Yes, gold loan rate of PNB can be negotiated. There are chances that banks will lower the interest rate if you already have an account with the bank or you have a stable source of income. Further, a larger loan amount can help you grab a gold loan at lower interest rates.

How long does it take to process PNB Gold Loan?

The gold loan can be disbursed quickly within a few hours. It takes around 90 to 120 minutes to process a loan. Further, it depends upon your eligibility and the quality of the pledged gold.

What are the benefits for PNB account holders while getting a Gold loan?

PNB account can avail a gold loan for a maximum of 75% of the value of the gold at the lowest rate starting at 7.25%. The bank also provides gold without any income proof and CIBIL requirements.

What happens if PNB Bank gold loan is not paid?

If you do not repay your PNB Bank gold loan, you will have to pay a late payment penalty of 0.00%. Further, you may lose all your pledged gold if you skip your loan payment entirely. Also, even when CIBIL score is not a criteria to avail gold loan, yet, prepaying loan on time, can boost your credit score and vice versa.

Will PNB gold loan affect CIBIL score?

Yes, if you default on repaying your PNB gold loan EMI, it will affect your CIBIL negatively and similarly, paying the dues on time will improve your CIBIL.

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PNB Gold Loan News - Jan 2022
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    PNB has launched a new Andriod-based App, PNB Pride- CRMD Module Tool, to help differently-abled employees. The app will aid Special Mention Account Borrowers for banking services.
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  • 2021-10-20 : PNB Reduces Interest Rate on Gold Loans
    Punjab National Bank (PNB) has reduced the interest rate for gold loans by 145 basis points. The current, gold loan interest rate is 7.30 percent and processing fees is 0.70 percent+taxes.
  • 2021-10-11 : Punjab National Bank Introduces 6S Campaign
    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
  • 2021-09-30 : PNB Reduces Gold Loan Interest Rates
    Punjab National Bank has reduced gold loan interest rates by 25 points. The new gold rates now start at 8.50%.
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