PNB Gold Loan Per Gram


PNB gold loan is a secured loan against the value of your pledged gold jewelry or coins. The loan can be used to meet emergency monetary needs or for other constructive purposes like agriculture.

To avail of this loan, you must have sufficient proof of identity and address. You must also have a steady source of income.

Rate of interest

If you are planning to avail of a gold loan, you should be aware of the rate of interest. The rate of interest on gold loans varies from bank to bank, and it also changes depending on the loan amount and purity of the jewelry. Moreover, the rate of interest will vary with the tenure of the loan. It is also important to note that the interest rate on gold loans can increase or decrease depending on market conditions.

The Punjab National Bank offers a variety of gold loan schemes for customers, including the Advance Against Gold Jewellery/Gold Ornaments and the Advance Against Sovereign Gold Bonds. Both of these schemes allow you to borrow up to Rs 25 lakh and repay the amount in a flexible repayment schedule. The interest rates on these loans range from 7.20 to 7.30 percent, which is one of the lowest in the industry.

PNB’s Gold Loan scheme is a convenient and hassle-free way to get quick cash for personal needs. It is available to customers in India who have the required gold ornaments and coins. The bank’s valuation and approval process is fast and straightforward. Typically, the loan amount is disbursed within an hour of pledging your gold ornaments to the bank. The loan can be used for any purpose, including paying for unexpected expenses and fulfilling educational and business objectives.

Those who are interested in applying for a gold loan must be at least 18 years old and have the necessary documentation. The documents include valid proof of address (passport, driver’s license, voter ID card, Aadhar card, etc.) and a steady source of income. A valid bank account is also required for the transaction. The bank also accepts gold jewelry, coins, and ornaments that are less than 22-carat.

If you are a newcomer to the banking world, it may not be easy to understand how to calculate the interest on your PNB gold loan. Fortunately, there are several tools and calculators available online that can help you determine the exact amount of interest you will pay. These tools can also be used to calculate the repayment schedule for your loan. They will give you a clearer picture of the total cost of your gold loan.

Processing fee

If you have gold jewelry lying in your home, you can avail of PNB’s gold loan scheme to meet any financial emergency. The bank offers a low-interest rate and flexible repayment system, making it easy to meet your cash-related needs. The minimum amount is Rs 10,000, and you can borrow up to 10 lakh rupees, depending on the weight of your gold and its purity.

Your gold ornaments back the loan, and you must provide the necessary documentation to ensure its safety. You can also choose to repay the loan through bullet payments, a method that reduces your overall loan term and EMI amount. This option is handy for borrowers who want to avoid the hassle of dealing with multiple debts.

Gold loans can be used to cover expenses for a variety of purposes, including wedding costs, children’s education, and medical emergencies. However, the terms and conditions of these loans may vary between banks. For example, some lenders impose a processing fee, while others require proof of employment or income. The best way to find the right gold loan for you is to consult a credit consultant.

To apply for a gold loan, visit your nearest PNB branch and ask for an application form. Complete the application form and attach all required documents, such as a valid ID and address proof. The bank will then assess the application and approve or decline it. Once approved, you can proceed to the loan disbursement stage.

Among the central banks that offer gold loans are Canara Bank, Punjab National Bank, and Union Bank of India. These institutions charge a nominal rate of interest, which is lower than the market average. They also levy a small fee for the evaluation of gold. Some of these banks impose prepayment penalties as well. These fees can be waived, depending on the bank’s policies and procedures.

Prepayment/foreclosure fee

Gold is a valuable metal that can be used for various purposes. The most common use is for jewelry and ornaments. However, it is also helpful for other financial needs. For instance, it can help you save for your retirement or education. In addition, it can protect you from unforeseen expenses. The PNB bank offers a variety of loan programs that allow you to borrow against your gold. These programs have different requirements, but most are flexible and affordable.

To apply for a PNB gold loan, you must be at least 18 years old and have valid proof of identity. This includes a passport, voter ID card, driver’s license, or government department ID card. You must also have a current or savings account with the bank (optional). You may be required to provide a certificate of purity from an independent valuer. You may also be charged a processing fee or a minor fee for the evaluation of your gold.

A PNB gold loan can be used for any purpose, from wedding costs to funding a new venture. The interest rate on a PNB gold loan depends on the amount you borrow and the duration of the repayment period. Generally, the higher your net salary, the lower the interest rate you will be eligible for.

The PNB gold loan program offers competitive rates, and you can pay back the debt in a short time. You can make payments at a branch office, through standing instructions, or by using post-dated cheques. You can also use a repayment calculator to calculate your monthly expenses and determine the best PNB gold loan EMI.

During the festive season, the PNB bank is offering attractive offers on loans against gold jewelry and Sovereign Gold Bonds. The PNB bank waives the prepayment/foreclosure fees for these loans. In addition, it has reduced the margin requirement for home loans. The bank is also reducing its interest rates for gold loans, which are beneficial for both new and existing customers. The company’s goal is to increase its customer base while keeping its business profitable.


A PNB gold loan is a financial product that allows you to use your gold jewelry as collateral. It offers attractive interest rates and a flexible tenure, making it an ideal solution for short-term funding needs. The process of applying for a PNB gold loan is straightforward and requires minimal documentation. The bank also offers low processing charges and no prepayment penalties.

You can use the gold loan as collateral for personal financing, a new business, or to cover emergency expenses. The loan can be repaid in equated monthly installments or in a lump sum at maturity. You can also choose to pay the loan through a bullet payment option, in which case interest will be deducted each month and then combined with principal at the end of the term.

The interest rate on a PNB gold loan depends on the purity of your jewelry and its current market value. This means that the higher the purity of your jewelry, the lower the interest rate will be. However, the interest rate may also change with a fluctuation in the price of gold. To avoid overpaying, it is advisable to shop around for the best deals and lowest interest rates.

To qualify for a PNB gold loan, you must meet the following criteria: You must be at least 18 years old. You must have gold jewelry, coins, or ornaments to pledge as collateral. The bank will verify your eligibility and will assess its purity. You should also be a resident of India and have a valid form of identification, such as a voter ID card, Aadhaar card, or passport. In addition, you must have a steady income and a savings or salary account with the bank.

In the event that you want to borrow money against your gold ornaments, you should visit your nearest PNB branch and fill out an application form. You will have to submit a list of your gold ornaments and the estimated value of each item. Once the gold has been appraised, you will be informed of the loan amount. The bank will charge you a nominal fee to process your application, which is usually 0.7% of the total loan amount plus taxes.