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.
Below tables provides details about PNB gold loan 2025:
Gold Loan | PNB Gold Loan |
Interest Rate | 8.35% |
Loan Amount | Rs. 25,000 - Rs. 25 lakh |
Tenure | 12 months - 36 months |
Processing Fee | 0.30% of loan amount or or Rs. 500 + GST, whichever is higher |
Collateral | Pledge of gold jewellery or gold ornaments |
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 Loan | 8.35% |
PNB Swarnim (Agri Gold Loan) | 8.75% |
Advance against Sovereign Gold Bonds (SGB) | 8.35% |
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%.
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.
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.
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.
Here are the eligibility criteria for the Punjab National Bank gold loan scheme:
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.
Here is the list of documents you need to carry while applying for gold loan at Punjab National Bank:
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 Scheme | Processing Charges |
Advance against Non-Agri (Retail) Gold Loan | 0.30% of loan amount + GST or Rs. 500 + GST, whichever is higher |
PNB Swarnim (Agri Gold Loan) |
|
Advance against Sovereign Gold Bonds (SGB) | NIL |
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.
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.
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.
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.
Bank Name | Interest Rate (% p.a.) |
8.85% – 9.85% | |
8.75% – 10.60% | |
9.00% – 17.00% | |
8.50% – 12.00% | |
8.80% – 9.80% | |
10.00% – 17.00% | |
9.50% – 16.00% | |
9.25% – 10.50% | |
8.75% – 10.25% | |
8.75% – 9.50% | |
8.80% – 10.15% | |
9.30% – 10.25% |
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