PNB Gold Loan Interest Rate 2025: Processing Fee, Documents Required, Eligibility, How to Apply

By Mayashree Acharya

|

Updated on: Jul 24th, 2025

|

6 min read

If you have gold and are in need of money, you can opt for a gold loan from Punjab National Bank (PNB). PNB offers gold loans at competitive interest rates. Continue reading to gain detailed insights about the PNB gold loan interest rate 2025. 

Highlights of PNB Gold Loan 2025

Below tables provides details about PNB gold loan 2025:

Gold LoanPNB Gold Loan
Interest Rate8.35%
Loan AmountRs. 25,000 - Rs. 25 lakh
Tenure12 months - 36 months
Processing Fee0.30% of loan amount or or Rs. 500 + GST, whichever is higher
CollateralPledge of gold jewellery or gold ornaments

PNB Gold Loan Interest Rate 2025

Punjab National Bank (PNB) offers its borrowers gold loans at low rates of interest. The amount for such a loan depends on the amount as well as the purity of gold. You can choose the one that suits you best from various gold loan schemes. 

The interest rate for different types of gold loan schemes available at Punjab National Bank is given in the table below:

Name of Scheme

Rate of Interest

Advance against Non-Agri (Retail) Gold Loan8.35%
PNB Swarnim (Agri Gold Loan)8.75%
Advance against Sovereign Gold Bonds (SGB)8.35%

PNB Gold Loan Rate Per Gram

At Punjab National Bank, the gold loan rate per gram is Rs. 3,800 to Rs. 4,350 based on the current rate of gold. This rate is, however, applicable for 22 Carat gold possessing a loan to value (LTV) of a maximum of 75%. 

PNB Agriculture Gold Loan Interest Rate

Punjab National Bank (PNB) offers ‘PNB Swarnim’ gold loan scheme to individuals, farmers and agricultural entrepreneurs. This scheme is specially designed to meet the needs of agricultural purposes, such as purchase of fertilisers, seed purchases, farm equipment, pesticides, and other agricultural inputs. 

PNB offers its borrowers agricultural gold loans at a rate of interest of 8.75% p.a. The loan tenure is for 1 year and the maximum extent of loan is Rs. 10 lakh per borrower.

PNB Gold Loan Interest Rate for Farmers

Individuals and farmers engaged in agricultural activities to apply for an agricultural gold loan under the  ‘PNB Swarnim’ gold loan scheme. The gold loan interest rate for farmers under the PNB agricultural gold loan scheme is 8.75% p.a. 

PNB Gold Loan Repayment Period

Borrowers have the option to take a loan against their gold jewellery or gold ornaments for a repayment period of 12 months for demand loans and agricultural loans, while it is 36 months for EMI based term and demand loans. For loans against gold bonds, the maximum repayment period is 8 years or until the date of maturity of the bonds, whichever comes earlier.

PNB Gold Loan Eligibility Criteria

Here are the eligibility criteria for the Punjab National Bank gold loan scheme:

  • The borrower’s age must be at least 18 years and above.
  • The following persons can apply:
    • Individual citizens 
    • Farmers 
    • Agricultural entrepreneurs, including tenant farmers, oral lessees and sharecroppers 
    • Any person engaged in any agriculture or allied activities
  • Individuals should have a stable source of income.
  • Borrower must have gold ornaments or gold jewellery.
  • Individuals having a savings account with the bank.

PNB Gold Loan Procedure

Below is the gold loan procedure of Punjab National Bank:

Step 1: Submit the filled out gold loan application to the bank. An individual borrower can obtian and submit the application either online or offline. 

Step 2: Upon submission of the application form, the representative at PNB will contact you. However, if you avail of the home service option, the bank will send a representative to your home. The financial institutions check for the purity of gold first, and then the appraiser fixes the prices and quality of gold. 

Step 3: The bank follows the KYC guidelines for completing the KYC process. For this, you need to keep your KYC documents ready.

Step 4: Once all the documents are verified, the bank approves your gold loan. 

Documents Required for PNB Gold Loan

Here is the list of documents you need to carry while applying for gold loan at Punjab National Bank:

  • Two passport-size photographs.
  • Identity proof, such as Passport, Aadhaar card or PAN card.
  • Address proof, such as Ration card, utility bills or driving license. 

PNB Gold Loan Processing Fee

Punjab National Bank levies a nominal processing fee of the loan amount. The below table provides the processing fees for different PNB gold loan schemes:

Gold Loan SchemeProcessing Charges
Advance against Non-Agri (Retail) Gold Loan0.30% of loan amount + GST or Rs. 500 + GST, whichever is higher
PNB Swarnim (Agri Gold Loan)
  • Upto Rs.50,000 - NIL
  • Above Rs. 50,000 upto Rs. 2 lakh - Rs. 500 +GST
  • Above Rs. 2 lakh - 0.30% of the loan amount +GST
Advance against Sovereign Gold Bonds (SGB)NIL

 PNB Gold Loan Maximum Limit

Punjab National Bank offers a maximum loan amount of Rs. 25 lakh and the minimum amount is Rs.25,000. However, the maximum limit is Rs.10 lakh per borrower for agricultural loans, while there is no minimum amount limit for these loans.

How to Calculate Gold Loan Interest in PNB?

You can calculate the interest rate and EMI payable on PNB gold loan, using the following formula:

EMI Payable = [P x R x (1+R)^N] / [(1+R)^N-1],

where,

P = Principal amount

R = Interest rate

N = Total number of monthly instalments

For example, if you borrow Rs. 6,00,000 at an interest rate of 8% per annum for a tenure of 24 months, the total interest will be Rs. 51,273 and EMI payable will be Rs. 27,136.

PNB Gold Loan Interest Rate Calculator

You can calculate your gold loan EMI easily with our gold loan calculator. With this calculator, you can find out the amount of EMI you need to pay for the borrowed loan amount and the EMI payable by just entering the loan amount, tenure and interest rate.

How to Close Gold Loan in PNB?

Follow the steps below to close your gold loan in PNB:

Step 1: Pay the outstanding loan amount and the pending interest or charges.

Step 2: Visit the bank and collect the no-objection certificate (NOC).

Step 3: Obtain the pledged gold  jewellery or ornaments by submitting the NOC.

Step 4: Receive all your documents from the bank once the loan is closed.

PNB Bank vs Other Banks' Gold Loan Interest Rates

Bank Name

Interest Rate (% p.a.)

Punjab National Bank

8.85% – 9.85%

Bank of Baroda

8.75% – 10.60%

HDFC Bank

9.00% – 17.00%

Federal Bank

8.50% – 12.00%

Central Bank of India

8.80% – 9.80%

ICICI Bank

10.00% – 17.00%

Axis Bank

9.50% – 16.00%

Bank of India

9.25% – 10.50%

Canara Bank

8.75% – 10.25%

SBI

8.75% – 9.50%

Union Bank of India

8.80% – 10.15%

Indian Overseas Bank

9.30% – 10.25%

 

PNB Gold Loan Customer Care

For any issues relating to gold loans, you can contact the PNB customer care number 1800 1800 or 1800 2021 to get help instantly. 

Applying for a gold loan with PNB has a lot of advantages. By choosing PNB, you can avail of a gold loan hassle-free. Pledging your gold ornaments, you can avail of an easy lending scheme with the bank. On pledging the gold, the bank instantly credits the loan amount into your account, which you can pay in the form of EMI instalments. 

Other Banks Gold Loan Interest Rates:
1. ICICI Bank Gold Loan Interest Rate
2. HDFC Gold Loan Interest Rate 
3. Bank of Baroda (BOB) Gold Loan Interest Rate
4. Canara Bank Gold Loan Interest Rate
5. SBI Gold Loan Interest Rate
6. Axis Bank Gold Loan Interest Rate
7. Central Bank Gold Loan Interest Rate

Can't get yourself started on taxes?
Get a Cleartax expert to handle all your tax filing start-to-finish

Frequently Asked Questions

What is the gold loan interest rate in PNB?

Punjab National Bank offers you the lowest rate of interest on a gold loan, i.e., 8.35% p.a. However, this rate varies on the eligibility criteria and the amount of loan required.

What is the interest of 1 lakh in PNB gold loan?

You can avail an interest of 8.35% for Rs. 1 lakh PNB gold loan amount. 

What is the interest of 5 lakh in PNB gold loan?

You can avail an interest of 8.35% for Rs. 5 lakh PNB gold loan amount. 

How to apply gold loan in Punjab National Bank?

To apply for a gold loan in Punjab National Bank, you can choose to visit any of your nearest PNB branches or you can apply online by filling out the online application form. Once all your submitted documents are verified, your loan sum will be credited to your bank account. 

How to calculate gold loan interest in Punjab National Bank?

Punjab National Bank calculates gold loan interest based on the loan amount, repayment tenure, and interest rate. Customers can also use online gold loan interest calculators for accurate calculations.

How to close a gold loan in PNB?

Your gold loan in PNB will be automatically closed once you complete your payment. Borrowers can also visit the branch and pay the outstanding loan amount to complete the closure process. 

How to renew a gold loan in PNB?

You must visit the PNB bank branch where you have taken the gold loan to renew your existing gold loan. The gold ornaments kept earlier as collateral undergoes revaluation, and then loan renewal takes place for another tenure. 

How to check the gold loan balance in PNB?

You need to log into the official portal and visit the loan section to check the gold loan balance in PNB. Now, you can check your gold loan balance by entering the customer type along with the reference ID. 

How to check gold loan status in PNB?

You can call the bank's dedicated customer care helpline at 1800 1800 or 1800 2021, log in to the bank’s net banking portal, or visit the branch where you have availed the loan to check the status of your gold loan.

About the Author
author-img

Mayashree Acharya

Senior Content Writer
social icons

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Privacy PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption