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PNB Gold Loan Interest Rate

PNB Gold Loan 2021

Last Updated 15th Jul 2021

PNB Gold Loan Interest rate starts at 8.75% 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 8.75% 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 @ 9.50%* 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 education, marriage and other financial emergencies in the family as well as for business purposes. 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

As on today, PNB Gold loan interest rates are in the range of 8.75% to 9.00%. The lowest rate on PNB gold loan increased by 0.15% to 8.75% as on 07 Jun, 2021.

Current PNB Gold Loan Interest Rate

PNB gold loan interest rate currently starts at 8.75% and goes up to 9.00%.The lowest interest was increased by 0.15% on 07 Jun, 2021. You can avail jewellery loan for any purpose for maximum tenure of 12 months PNB offers a gold loan at lowest rates it is a secured loan and has multiple repayment options like 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 Rate starts from 8.75% to 9.00%
    • PNB charges a processing fees of 0.70% of loan amount + taxes
    • Loan Tenure of Gold Loan ranges from 1 month to 12 months
    • 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 Requirement: Only basic KYC documents for address proof and income proof required. The bank doesn’t require you to submit your income proof or doesn’t check your CIBIL score for approving a gold loan.

Comparison of PNB Gold Loan with other Banks

PNB offers gold loans at affordable interest rates. However, you must analyze multiple banks and their offers before applying for a jewellery loan.

Particulars PNB SBI HDFC Bank
Current Interest Rate 8.75% - 9.00% 7.30% - 7.50% 9.50% - 15.00%
Previous Lowest Interest Rate 8.06% 8.06% 8.06%
Lowest Rate Difference 0.69% -0.76% 1.44%
Processing Fees 0.70% of loan amount + taxes 0.50% of the loan amount, minimum-₹ 500 1% 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 ₹ 50 Lakh
Foreclosure Charges Nil Nil 1%
Repayment Options Y Y Y
Lowest EMI Per Lakh ₹ 8,734 per lakh ₹ 3,101 per lakh ₹ 4,591 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.

  • However, 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 get in touch with you instantly to fix up an appointment for 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. In case 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.

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

PNB Gold Loan Interest Rate Calculator

Lowest Gold Loan Interest Rate in PNB is 8.75%. The factors that affect PNB gold loan interest rate are loan amount, loan tenure and loan required as a percent of value of gold jewellery. PNB’s existing account holders get a gold loan at 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 loan between between ₹ 1,000 and₹ 10 Lakh.The PNB gold loan interest rate 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 get the benefit of low gold loan interest rate from PNB.
  • Loan tenure: PNB offers gold loan 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. Interest rate on loans with lower LTV will be lower compared to loans with higher LTV. Maximum LTV offered by PNB is 75% calculated on net weight of gold in your jewellery.
  • Purpose of Loan: All banks, including PNB also offer gold loan 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 carry some other charges while offering gold loan which include:

  • Processing fees – PNB charges minimum processing fees 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 loan 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?

No, PNB has increased its gold loan rates by upto 0.15%. The lowest rate on PNB gold loan has been increased to 8.75% from 8.60% earlier. PNB new rates are effective from 07 Jun, 2021.

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 loan.

How can I check my PNB gold loan status?

You can check the 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. In case you have applied for a gold loan through MyLoanCare website, log in to your MyLoanCare account, the status of your loan will be shown on the home page 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 additional on gold loan interest rate for women?

No, PNB offer 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, PNB gold loan rate 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 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 8.75%. The bank also provides gold loan without any income proof and CIBIL requirement.

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 loose all you pledged gold, if you skip your PNB gold loan payment entirely. Also, even when cibil score is not a criteria to avail gold loan, yet, prepaying PNB gold 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 - Jul 2021
  • 2021-07-15 : OBC & UBI merged with PNB
    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.
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