PNB Gold Loan Interest Rate 2026: Processing Fee, Documents Required, Eligibility, How to Apply

Punjab National Bank (PNB) facilitates this process by offering structured gold loan variants with competitive interest rates pegged directly to the bank's Repo Linked Lending Rate (RLLR). Whether an applicant requires immediate capital for retail needs or a specialized facility to support farming inputs.

Key Highlights

• Interest: Rates vary by loan type, amount, and purpose, starting from 8.50% p.a.
• Eligibility: Individuals, farmers, and entrepreneurs can apply by pledging eligible gold jewellery.
• Application: Submit the application, complete KYC, and get the gold valued for loan approval.
• Repayment: Borrowers can repay the loan, collect the NOC, and retrieve their pledged gold after closure.

PNB Gold Loan Interest Rate 2026

Punjab National Bank (PNB) offers structured interest rates calculated over the base RLLR.

The exact rate changes depending on your loan volume and purpose:

I. Advance against Non-Agri (Retail) Gold Loan:

• Sanction limits up to ₹10 Lakh: 8.95% p.a. (RLLR + 0.85%).
• Sanction limits above ₹10 Lakh: 9.00% p.a. (RLLR + 0.90%).

II. PNB Swarnim (Agri Gold Loan):

• Sanction limits up to ₹2 Lakh: 8.50% p.a. (RLLR + 0.40%).
• Sanction limits above ₹2 Lakh: 8.75% p.a. (RLLR + 0.65%).

III. Advance against Sovereign Gold Bonds (SGB): 

Linked directly to retail standard slabs starting from 8.95% p.a.

PNB Gold Loan Rate Per Gram

In 2026, the gold loan amount per gram is calculated daily based on the prevailing market price of 22-carat gold. Banks generally offer up to 75% of the gold's value, in line with the applicable loan-to-value (LTV) guidelines.

Important Note: Earlier rates of ₹3,800 to ₹4,350 per gram are no longer applicable. The final loan amount per gram is determined after your gold is assessed by the bank at the time of application

PNB Agriculture Gold Loan Interest Rate

The PNB Swarnim Scheme is available for individual farmers, tenant farmers, sharecroppers, and agricultural entrepreneurs to meet short-term cultivation expenses.

• Interest Rate: 8.50% p.a. to 8.75% p.a., based on the loan amount.
• Maximum Loan: Up to ₹25 lakh per borrower.
• Repayment: Up to 12 months for crop and demand loans.

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:

• Age: The primary borrower must be 18 years old or above.
• Profile: Open to individual citizens, salaried professionals, farmers, and entrepreneurs with verifiable stable revenue streams.  
• Core Asset: Ownership of legitimate gold ornaments/jewellery (18 to 22 Carats).

Required Paperwork:

• Two passport-size photographs.
• Identity Proof (Aadhaar Card, Passport, or PAN Card).
• Address Proof (Utility bills, driving license, or ration card).

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 Procedure

Below is the gold loan procedure of Punjab National Bank:

Step 1: Submit the gold loan application online or at a PNB branch.

Step 2: The bank verifies the purity and value of your gold.

Step 3: Complete the KYC process by submitting the required documents.

Step 4: After verification, the bank approves and disburses the loan.

PNB Gold Loan Processing Fee

The processing fees are as follows:

I. PNB Swarnim (Agri Gold Loan) Upfront Fees:

• Up to ₹50,000: NIL.
• Above ₹50,000 up to ₹2.50 Lakh: ₹500 + GST.
• Above ₹2.50 Lakh: 0.25% of the loan amount + GST (capped at a maximum of ₹5,000 + GST).

II. Advance against Non-Agri (Retail) Gold Loan Fees:

0.30% of the total loan volume or ₹500 + GST (whichever is higher). Documentation charges across all formats remain completely NIL.

PNB Gold Loan Maximum Limit

Punjab National Bank offers a maximum loan amount of ₹25 lakh and the minimum amount is ₹25,000. 

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

PNB Gold Loan Interest Rate Calculator

PNB Gold loan calculator helps estimate the EMI and total repayment amount by entering the loan amount, interest rate, and repayment tenure.

How to Close Gold Loan in PNB?

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

Step 1: Clear the outstanding loan amount, including applicable interest.

Step 2: Visit the branch, complete the closure formalities, and collect the No Objection Certificate (NOC).

Step 3: Submit the NOC and receipt to collect your pledged gold.

PNB Bank vs Other Banks' Gold Loan Interest Rates

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. 

Final Word

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