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

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:

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:

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:

 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

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