PNB Gold Loan Key Features – Apply Now
|PNB Gold Loan Interest Rate||5.88% per annum|
|PNB Gold Loan Rate Per Gram||₹ 2,900 to ₹ 3,450|
|PNB Gold Loan Processing Fee||0.7% + GST|
|PNB Gold Requirement||Minimum 18 Carat|
|PNB Maximum Loan Amount||Up to Rs. 1 Crore (With Income Proof)|
|PNB Minimum Loan Amount||90% LTV on Your Gold Market Price|
|PNB Prepayment Charges||2%+GST (Within 3 Months), 0 (After 3 months)|
|PNB Repayment Tenure||3 Months to 36 Months|
|PNB Gold Loan Schemes||Bullet Payment Scheme, EMI Scheme|
Indian Bank issues a Gold Loan per gram rate of ₹ 2,900 to ₹ 3,450 in line with the current gold rate. The best Indian Bank Gold Loan Rate per gram is ₹ 2,900 to ₹ 3,450 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 2,900 to ₹ 3,450.
Introduction to PNB Gold Loan
Punjab National Bank offers Gold loans at low interest rates. The interest rates are around 8.75 per cent. These gold loans are based on the gold loan amount and purity of gold loans. Punjab National Bank offers flexible repayment systems too. In this Punjab National Bank, the loan amount can avail from 1000 to 10 lakhs. And there is no prepayment charges are in for these banks. And in Punjab National Bank there are many gold schemes.
PNB Gold Loan Explanation
PNB Bank’s gold credit can be valuable to meet a basic need for money by vowing your gold upgrades or gold coins as insurance. Gold improvement is probably the speediest kind of getting and can be benefitted by existing clients of PNB Bank also as new borrowers. With PNB Bank, you won’t just profit from the gold credit sufficiently yet besides at a real development cost. Here is all you require to consider PNB Bank gold credit financing cost, residency, total, and different terms and conditions.
PNB Comparision With Other Banks
|Interest Rate||7.0%||7.50% – 7.50%||9.90% – 17.55%|
|Processing Fees||0.7% + GST||0.50% of the loan amount, minimum Rs. 500||1.50% of the loan amount|
|Loan Tenure||3 months to 36 months||3 months to 36 months||3 months to 24 months|
|Loan Amount||₹ 25,000 to ₹ 25 Lakh||₹ 20,000 to ₹ 20 Lakh||₹ 25,000 to ₹ 50 Lakh|
|Foreclosure Charges||Up to 0.50% of the principal amount||Nil||Nil after 3 months|
|Lowest EMI Per Lakh||₹ 8,734 per lakh||₹ 3,111 per lakh||₹ 4,610 per lakh|
Tips To Get Gold Loan From PNB Fast
- PNB Bank perceives both hallmarked and non-hallmarked beautifications for getting a gold turn of events. Notwithstanding, you can get the most raised gold credit per gram for brand name embellishments, as it reduces the odds of under-valuation by the valuer. In, a few banks charge lower preparing costs on hallmarked gold jewels.
- PNB Bank changes the cost of 22-carat gold for the flawlessness of gold. Thusly, reliably endeavour to get against higher prudence embellishments as it will present to you the most raised total for gold development.
- PNB Bank will handle the net load of jewels to find the extent of advance against the gold you can get. Diligently, attempt to pick embellishments that have the least pearls and stones. An enormous piece of the banks will diminish the heaviness of pearls and stones from a complete stack of embellishments. PNB Bank will depend upon the report of its gold valuer to calculate the net weight.
- Higher the significance of pearls and stones in enhancements, cut down the net weight and evaluation of jewels which accomplishes the lower extent of gem advance you can get Further, PNB Bank won’t perceive diamond precious stones if the gold utilized is under 18-carat faultlessness. By a wide margin the majority of the important stone enhancements are made in 16 carats to 18-carat gold and from this time forward, will accomplish low gold advancement per gram.
- Unendingly attempt to get the best LTV on the evaluation of gold. PNB Bank is permitted by RBI to charge a most remarkable LTV of up to 85% to handle the extent of gold credit you are prepared for.
Advantages Of PNB Gold Loan
- Instant Gold Loan: The amount of the Loan ranges from Rs.10,000 to Rs.1 crore.
- Gold Ornament: The loan can only be availed on gold ornaments and jewellery.
- Loan Tenure: Gold Loan offers a maximum duration of 10 years.
- Safety and security: After figuring out the value of Gold, safely place the gold in the vault of the bank. The procedure takes place in the presence of the client. This is to make sure that the borrower’s Gold is entirely safe and secured in the bank’s possession.
- Approval duration: Within 30 minutes, you can get the Loan.
- Foreclosure: Canara Bank charges the borrower up to 0.50% of the outstanding principal debt in the event of a Gold Loan.
How Much Loans Can I Get Through PNB Gold Loan?
PNB Gold Loan Rate Per Gram – Jun 04 2023
Updated - Gold Loan Per Gram Rate w.e.f Jun 04 2023
|Gold Weight||Gold Purity
About PNB Gold Loan
Punjab National Bank is one of the leading banks in India. The bank provides a vast array of financial products to customers. One of their main products is a Gold loan. A Gold Loan is the best option available for loan seekers at cheaper interest rates.
Gold is quite a valuable and precious metal in India. Its significance in our lives cannot be overlooked because every soul is connected to it emotionally. Nevertheless, what is the intent of keeping your Gold in a bankrupt drawer when it can support you in times of difficulty? Taking a Gold loan can serve you to overwhelm any problematic situation. Gold Loan is the most robust way to arrange money in a short compass.
- PNB Gold Loan Rate of Interest is 5.88% per annum.
- PNB Gold Loan Per Gram is ₹ 2,900 to ₹ 3,450.
- PNB Gold Loan Tenure is up to 36 months.
- PNB Gold Loan processing fee is 0.7% + GST.
Know More – What happens when you don’t pay a Gold Loan?
PNB Gold Loan Eligibility
Gold Loan is a financial product provided by the bank which caters to your needs of short term or long term funds. It is easy to avail of commercial service provided by banks at low rates of interest and also requires minimal documentation for the same. Punjab National Bank (PNB) gives you the Loan amount within an hour of application as the valuation and approval process is quickly done, keeping in mind your urgency regarding the need for funds.
|Age||18-75 years of age|
|Employment Status||Salaried, Self-Employed|
|Gold Quality||Minimum 18 Carats|
|CIBIL Score||500 and above|
PNB Gold Loan at Home
Gold Loan at Home is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You may use the gold loan calculator to calculate the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.
One of our representatives will contact you and arrive at your home within 30 minutes. The appropriate gold loan amount will be paid immediately to your bank account when all e-documentation and gold identification is completed at your home.
The benefits of getting a gold loan at your doorsteps are:
- Diverse Range of Gold Loan Schemes
- Your Gold will just be released the same day.
- You can get free insurance for your Gold
- There are no hidden fees.
- You will get the maximum value of your Gold
- Service at Your Door in 30 Minutes
PNB Gold Loan Documents Required
Gold Loan or Loan Against Gold is a loan product offered to the borrowers by PNB wherein funds are provided for fulfilling the financial needs of the applicant. The gold ornaments of the applicant are kept as security by the bank in exchange for the funds. The entire Gold Loan process with PNB is hassle-free and easy to get with minimal documentation. The bank ensures the high security of your gold ornaments till the loan is closed.
|Photographs||2 Passport Size|
|Identity Proof||Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)|
|Residence Proof||Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)|
PNB Gold Loan Interest Rate, Fees, and Charges
A Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged depends on the total loan amount as well as the quality/purity of the gold you are to keep as security with the bank. Gold Loan interest rates offered by PNB are lower in comparison to other loans because it is a fully secured loan.
|PNB Gold Loan Interest Rate||5.88% per annum|
|Processing Fee||0.7% of the Principal Loan Amount + GST|
|Late Repayment Charges||2% p.a. + Applicable rate of interest.|
Types Of PNB Gold Loan
- Loan Against Gold – PNB offers a low rate of interest on the gold loan is 5.88% per annum.
- Loan Against Gold for Agriculture – To benefit the farmers from its loan scheme PNB offers a lower rate of interest on loans against gold for agriculture purposes, with flexible repayment options.
PNB Gold Loan Apply Online
Applying for the Gold Loan service is a hassle-free and straightforward process that can be done from the comfort of your home. You can do it online by visiting the bank’s official website and submitting a form with the necessary information. You can also :
- Visit Dialabank’s digital program, where you will only have to fill in a piece of information without any registration.
- Our Contact Manager will talk to you and help you ultimately in the Gold Loan process and supervise you in accomplishing your budgetary necessities.
- You will get personalized help, providing you with the opportunity to analyze and get the best chance according to your demands without any special prices.
- Amidst Dialabank, you can compare the various proposals and plans from several banks based on funding administered and the rate of interest imposed for choosing the best loan opportunity for yourself.
What types of Gold can be used to secure a Gold Loan
At the time of availing these Gold Loans, the gold purity is checked by the banks. As in the gold, there is not 100 per cent gold. There will be some pure gold and some other per cent other metals. You can use gold jewellery, gold coins and gold bars for gold loans. The gold between 18-24 carat gold is used.
PNB Gold Loan EMI Calculator
- Gold Loan EMI Calculator is applicable at the time of repayment of gold loans.
- This repayment should be done to the banks.
- And these Punjab National bank offers lowest interest rates on gold loans.
- The rate of interest range is about 8.75 per cent.
- The loan tenure time is 1-12 years.
How To Pay Your PNB Gold Loan EMI?
Your PNB gold advance can be reimbursed in the following three different ways.
- Standing Instruction (SI): If you are a current record holder with PNB, Standing Instruction is the best method of r repayment. Your EMI sum will be charged automatically toward the finish of the month to month cycle from the PNB account you indicate.
- Electronic Clearing Service (ECS): This mode can be utilized if you have a non-PNB account and might want your EMIs to be charged consequently toward the finish of the month to month cycle from this record.
- Post-Dated Checks (PDC): You can submit post-dated EMI checks from a non-PNB account at your closest PNB Loan branch. A new arrangement of PDCs should be presented on time. It will be ideal if you note Post Dated Checks will be gathered in non-ECS areas as it were.
- Know More – 4 Different Ways of Repaying Your Gold Loan
PNB Gold Loan Contact Number
Call 9878981144 and get instant help and approval for your PNB Gold Loan.
Gold Ornaments Accepted By PNB Gold Loan
- You need Gold jewelry of a minimum of 18 carats to take the loan and not more than 22 carats.
- The banks accept gold coins weighing less than 50 grams (In Total).
- Minted Gold coins are not treated as a legal form of gold to avail of the loan.
- The bank doesn’t accept gold in any raw form.
Know More – Gold Loan Per Gram
Uses Of PNB Gold Loan
The funds acquired by availing the Gold Loan service can be used for several purposes such as:
- To finance any personal expenses such as a wedding, travel, payment of higher education fess, etc.
- For all your business needs, such as buying raw material, expansion of business, etc.
- You can also avail of a Gold Loan for agricultural purposes. Punjab National Bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.
PNB Agricultural Jewel Loan Scheme
|Scheme||PNB Agricultural Jewel Loan Scheme|
|Interest Rate||Starting at 5.88% per annum|
|Least amount of Loan||Depends on the value of the jewel|
|Loan period||Adjustment of advance sum inside 2 months from the date of reap of yields|
Benefits Of PNB Agricultural Jewel Loan Scheme
- PNB does not charge a large processing fee.
- For 0.30% of the loan amount, a Minimum of ₹ 300 is charged ranging from more than ₹25,000 – less than ₹ 5 lakh.
- 0.28% of the credit sum, subject to at least Rs.1,500 applicable on more than Rs.5 lakh and less than Rs.1 crore.
PNB Gold Loan Overdraft Scheme
In the PNB Gold loan, the loan amount is provided as an overdraft facility. It works as a Credit Card, where the Gold Loan Amount can be spent as per the choice of the borrower. The overall loan amount has a Credit/Loan Limit. In the Punjab National Bank Gold Loan Overdraft facility, the interest is charged only on the amount that is withdrawn.
PNB Gold Loan Details
|Minimum Loan Amount||Rs. 25,001|
|Maximum Loan Amount||Rs. 25 Lakh|
|PNB Bank Gold Loan Interest Rate||5.88% per annum|
|Loan Tenure||From 3 months up to 36 months|
|Gold Items accepted||Jewelry and gold coins sold by banks|
|PNB Bank Gold Loan Processing Charges||1% of the loan amount|
- In Punjab National bank the gold loan has a minimum amount of 25001 and a maximum amount of 25 lakhs.
- The gold items that can use in Punjab national bank are jewellery and gold coins.
How Does PNB Gold Loan Work, Here’s An Example
The development of total capability is settled dependent on the faultlessness of gold, LTV, and the weight of gold. Expect Mr An and his two partners Mr B and Mr C own different proportions of gold with moving perfection. Mr A has 50 grams of gold of 22 carats. Mr B has 60 grams of gold with uprightness of 20 carats and Mr C has 70 grams of gold with goodness or 22 carats. They approach PNB to benefit a gold development. The worth applied to learn their gold credit aggregate capability reliant on the most outrageous LTV of 85% will vary by the excellence of gold and subsequently, will achieve moving gold development capability.
Why should you apply for PNB Gold Loan through Dialabank?
Applying for a Gold Loan for PNB Bank through Dialabank has a lot of advantages. By choosing Dialabank, you can avail yourself Gold Loan with easy processing and the processing is also fast in Dialabank. You can get the best customer services. And by using Dialabank you can avail on-call assistance and easy disbursal. These are some of the advantages you can vail if you apply for a gold loan through Dialabank.
FAQs About PNB Gold Loan
✅ What is PNB Gold Loan?
It is a loan scheme available to meet urgent monetary requirements for anyone owning gold ornaments. Once your gold ornaments are pledged with the bank, the loan amount gets disbursed into your accounts within a few minutes.
✅ How can I get the Gold Loan from PNB?
You can receive a gold loan from either personally attending any of the gold loan branches of PNB near you, or apply online with Dialabank by solely filling an online form. Following your documentation is completed, the loan sum will be dispensed into your bank accounts.
✅ How much is the PNB Gold loan rate per gram?
Gold Loan by PNB has ₹ 2,900 to ₹ 3,450 Rate Per Gram.
✅ How does PNB Gold Loan work?
This is an easy lending scheme through which you can avail of a loan by pledging your gold ornaments (18-24 carats) with the bank. On pledging the gold, the loan amount will be instantly credited into your account, which you can pay in the form of SIs, PDS, or EMI instalments.
✅ What is Gold Loan Interest Rate in PNB?
PNB provides the lowest Gold Loan Interest Rate is 5.88% per annum. It may vary depending on your eligibility requirements and your loan amount required.
✅ How to check Gold Loan status in PNB?
To check your gold loan status in PNB just follow the steps given below:
- Visit the PNB web page.
- Fill in your personal details to log in.
- Track the status of your loan.
✅ How to calculate Gold Loan Interest in PNB?
You can calculate the interest on your Gold Loan by simply subtracting the borrowed amount from the payable loan amount. You can use Dialabank’s EMI Calculator which gives you the exact value of your payable amount.
✅ What is the maximum loan amount I can avail myself of on Gold Loan from PNB?
You can avail of a maximum Gold Loan up to Rs 1 crore from PNB provided you fulfill the eligibility requirements.
✅ What is the loan tenure of the PNB Bank Gold Loan?
The loan tenure for the Gold loan provided by PNB is from 3 months to 36 months.
✅ How much Processing Fee is applicable on PNB Gold Loan?
The processing fee applicable on a PNB Gold Loan is 0.7% + GST of the loan amount.
✅ What are the charges for Prepayment in PNB Gold Loan?
The prepayment charges in the PNB Gold loan ranges up to 2% of the outstanding loan amount + GST.
✅ How to renew PNB Gold Loan Online?
To renew your PNB Gold Loan online you will need to visit your bank’s website to renew your gold loan. The gold pledged earlier is revalued, and the loan is then renewed for another tenure.
✅ How to Pay PNB Gold Loan Interest Online?
You can pay PNB Gold loan online using any of the modes available like net banking, m-banking, debit cards, etc.
✅ What if I can’t pay the interest on PNB Gold Loan for 3 months?
If you cannot repay your PNB gold loan for 3 months the bank will remind you to repay the loan amount on time. If you continuously make loan defaults the bank will have all rights to sell your gold ornaments.
✅ How can I apply for EMI Moratorium on PNB Gold Loan?
To apply for EMI Moratorium on PNB Gold loan you may contact the bank for your application. You can also visit the website of PNB and apply for the same.
✅ How to pay PNB Gold Loan through Credit Card?
You cannot pay PNB Gold loan through credit cards according to the Reserve Bank of India’s guidelines.
✅ What is the Overdraft Scheme for PNB Gold Loan?
The Overdraft Scheme has a Credit/Loan Limit. PNB charges interest on the amount withdrawn/utilized.
✅ What is the PNB Gold Loan closure procedure?
The Gold loan will automatically close after the payment is done in full.
✅ What is the PNB customer care number?
9878981144 is the customer care number.
✅ What are Punjab National Bank Gold Loan Preclosure charges?
The Bank preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)
✅ What is the maximum gold loan tenure?
The gold loan tenure is 36 months
✅ What is the minimum gold loan tenure?
The minimum gold loan tenure is 3 months.
✅ What is the foreclosure procedure for PNB Gold Loan?
Punjab National Bank charges 0.50% of the principal amount as foreclosure charges.