⍟  Lowest Interest Rate of 0.79% p.m.
⍟  Highest Rate Per Gram ₹ 5,121
⍟  No Melting of Your Gold
⍟  Get Loan in 1 Visit Only
⍟  100% Safety of Your Gold (kept in Bank Locker)

APPLY FOR

Punjab and Sind Bank Gold Loan

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Punjab and Sind Bank (PSB) Gold Loan Key Features – Apply Now

Punjab and Sind Bank (PSB) Gold Loan Interest Rate 7.0% per annum
Punjab and Sind Bank (PSB) Bank Gold Loan Per Gram
Rate Per Gram is ₹ 5,121
Punjab and Sind Bank (PSB) Gold Loan Processing Fee
1.0% of the Principal Loan Amount
Punjab and Sind Bank (PSB) Gold Loan Loan Amount
Up to Rs. 1 Crore (With Income Proof)
Punjab and Sind Bank (PSB) Gold Loan Prepayment Charges
2%+GST (Within 3 Months), 0 (After 3 months)
Punjab and Sind Bank (PSB) Gold Loan Repayment Tenure
Up to 36 Months
Punjab and Sind Bank (PSB) Gold Loan Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme

You just need to give a call on 9878981144 to avail of the best deals and offers on Punjab and Sind Bank Gold Loan.

Advantages of Punjab and Sind Bank (PSB) Gold Loan

Advantages of Punjab and Sind Bank Gold Loan via Dialabank

  1. Instant Gold Loan: To begin with, loan on gold the bank sanctions Gold Loan quickly. The sum of the loan ranges from Rs. Ten thousand to Rs. 15 Lacs. The amount of quantity can be availed over the counter rapidly.
  2. Gold Coins: Secondly, Punjab and Sind Bank Gold Loan can also be avail against the security of 24-Karat gold coins which holds complete purity issues by banks operating in India. However, the weight of gold cannot exceed more than fifty grams per customer. The rules are laid down by RBI and are subject to change.
  3. Loan Tenure: Also, When it comes to availing Punjab and Sind Bank Gold Loan, then it holds the minimum duration of a half year to a most of extreme of a year.
  4. Attractive interest rates: the Fascinating rate of interest: On per gram of gold, the borrower can get the fascinating interest rate. Take a glimpse at the gold’s recent running interest rate.
  5. Foreclosure: The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure.

How much Gold Loan can I get through Punjab and Sind Bank (PSB) Gold Loan

According to the latest gold prices, Punjab and Sind Bank (PSB) is offering gold loans per gram starting at ₹ 5,121. Highest Punjab and Sind Bank (PSB) gold loan rate per gram today is ₹ 5,121 for 24-carat jewelry calculated at a maximum LTV of 75%.

Punjab and Sind Bank Gold Loan Per Gram – Updated January 2021

Updated - Gold Loan Per Gram Rate w.e.f 1st Jan 2021

Gold Weight Gold Purity
24 Carat
Gold Purity
22 Carat
Gold Purity
20 Carat
Gold Purity
18 Carat
1 gram 4680 4290 3900 3510
10 gram 46800 42900 39000 35100
20 gram 93600 85800 78000 70200
30 gram 140400 128700 117000 105300
40 gram 187200 171600 156000 140400
50 gram 234000 214500 195000 175500
100 gram 468000 429000 390000 351000
200 gram 936000 858000 780000 702000
300 gram 1404000 1287000 1170000 1053000
400 gram 1872000 1716000 1560000 1404000
500 gram 2340000 2145000 1950000 1755000

About Punjab and Sind Bank (PSB) Gold Loan

Punjab and Sind Bank Gold Loan

Punjab and Sind Bank of India is a significant public sector bank in India. The bank provides so many financial products to the customers. Punjab and Sind Bank Gold Loan include a car loan, personal loan, gold loan, banking, internet banking, wealth management, and credit cards. The bank is well known for its financial services and products.

Gold Loan is a kind of secured loan where a customer pledges his gold as a security to the bank and get the required amount of loan. Gold loan is also known as a loan against gold. In Punjab and Sind Bank Gold Loan, you have to give some amount of interest to the bank along with the principal amount. Furthermore, The moment you return your loan you will get your pledged gold back. The bank is entirely responsible for the security of the gold.

  • Punjab and Sind Bank (PSB) Gold Loan Interest Rate is 7.0% per annum
  • Punjab and Sind Bank (PSB) Gold Loan Per Gram Rate is ₹ 5,121
  • Punjab and Sind Bank (PSB) Gold Loan Tenure: Up to 36 months
  • Punjab and Sind Bank (PSB) Gold Loan Processing Fee is Up to 1.0% of the Loan Amount + GST

Punjab and Sind Bank (PSB) Gold Loan Eligibility

Punjab and Sind Bank 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 financial services provided by banks at low rates of interest and also requires minimal documentation for the same. Punjab and Sind Bank 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.

Major Eligibility criteria for availing the Punjab and Sind Bank Gold Loan is: 

Age  18-70 years of age
Nationality Indian
Employment Status Salaried, Self-Employed
Gold Quality Minimum 18 Carats (10 grams)

A good Credit or CIBIL score is not required to apply for the Gold Loan as it is a fully secured financial service against your gold as collateral security.
APPLY FOR GOLD LOAN AT 1% P.M.

Punjab and Sind Bank (PSB) Gold Loan Documents Required

Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the Punjab and Sind Bank 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 Punjab and Sind Bank Gold Loan process 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.

Documents required for Applying for Punjab and Sind Bank Gold Loan are :

A duly filled and signed Gold Loan application form shall be submitted along with the following documents:

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)
Agricultural Land Proof Agricultural Land Proof and Income Statement of the applicant have required in the case the applicant wants the Gold Loan for Agricultural purposes.

*Any other documents as requested by the bank shall be duly submitted.*

Punjab and Sind Bank (PSB) Gold Loan Interest Rate, Fees and Charges

A Punjab and Sind Bank Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged with 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 the Punjab and Sind Bank are lower in comparison to other loans because it is a fully secured loan.

The Gold Loan interest rates in the Punjab and Sind Bank start at 7.0% per annum.

The bank also charges some additional fees along with the rate of interest in some cases, which are :

Punjab and Sind Bank (PSB) Gold Loan Interest Rate 7.0% per annum
Processing Fee
1.0% of the Principal Loan Amount
Prepayment/Foreclosure Charges
2%+GST (Within 3 Months), 0 (After 3 months)
Valuation Fee
Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
Late Repayment Charges
2% p.a. + Applicable rate of interest.
Renewal Processing Fees
Rs 350 + GST

Punjab and Sind Bank (PSB) Gold Loan Apply Online

Applying for the Punjab and Sind Bank Gold Loan service is a simple and hassle-free 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 necessary information regarding yourself and the Gold Loan you wish to avail. You will then need to visit the branch with the required documents and your gold.

You can likewise apply with Dialabank by following the beneath-mentioned steps to get a Gold Loan as per your demand.

  • Visit Dialabank’s digital stage, where you will have to fill a form without any enrollment.
  • Our Connection Director will communicate with you and support you during the Gold Loan process and manage you in filling your financial needs.
  • You will get personalized assistance, granting you the advantage of analyzing and selecting the best deal according to your requirements without any additional charges.
  • With Dialabank, you can identify the various offers and schemes from multiple banks based on funding provided and the rate of interest charged for choosing the best loan opportunity for yourself.

Punjab and Sind Bank (PSB) Gold Loan EMI Calculator

How to Pay Your Punjab and Sind Bank (PSB) Gold Loan EMI?

Your Punjab and Sind Bank gold advance can be reimbursed in the following three different ways.

  1. Standing Instruction (SI): In case, the candidate with a current record owner with Punjab and Sind Bank, Standing Instruction is the most reliable repayment. Your EMI sum will be credited automatically near the end of the month to month period from the Punjab and Sind Bank record you register.
  2. Electronic Clearing Service (ECS): This method can be employed if you have a non-Punjab and Sind Bank account and might need your EMIs to be charged consequently near the end of the month to month cycle from this account.
  3. Post-Dated Checks (PDC): You can offer post-dated EMI checks from a non-Punjab and Sind Bank account at your nearest Punjab and Sind Bank Loan Branch. A new method of PDCs should be presented on time. It will be perfect if you see Post Dated Checks will be gathered non-ECS areas as it were.

Punjab and Sind Bank (PSB) Gold Loan Contact Number

You can use this amount of Gold Loan to fulfill your personal needs. An individual need can be anything, whether related to a wedding or education. Punjab and Sind Bank Gold Loan can be linked to your business or agricultural activities. Bank doesn’t put any restrictions on the use of the loan amount.

You just need to give a call on 9878981144 to avail of the best deals and offers on Punjab and Sind Bank Gold Loan.

Gold Ornaments Accepted by Punjab and Sind Bank (PSB)

  1. Bank accepts only gold of 18 carats to 22 carats.
  2. The bank accepts gold jewelry and gold coins weigh less than 50 grams.
  3. That minted coins are not accepted.
  4. The applicant should have a minimum of 10 grams of gold to get a gold loan.

Use of Punjab and Sind Bank (PSB) Gold Loan

The funds acquired by availing the Punjab and Sind Bank 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 fees, etc.
  • For all your business needs, such as buying raw material, expansion of business, etc.
  • You can also avail a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.

Punjab and Sind Bank Agricultural Jewel Loan Scheme

Scheme Punjab and Sind Bank Agricultural Jewel Loan Scheme
Interest Rate  Starting from 7% (depends on the sum of the loan
Least amount of Loan Depends on the value of the jewel which is being kept as security
Loan period Adjustment of advance sum inside 2 months from the date of reap of yields

Benefits of Punjab and Sind Bank Agricultural Jewel Loan Scheme

  • Punjab and Sind Bank charges a processing fee of up to ₹ 500
  • Minimum of ₹ 300 charge, that is 0.30% of the loan amount, applies to the amount ranging from above ₹  20,000 – less than ₹ 20 lakh
  • 0.28% of the credit sum, subject to at least Rs.1,500 applies to the amount more than Rs.5 lakh however under Rs.1 crore.

Punjab and Sind Bank Gold Loan Overdraft Scheme

Punjab and Sind Bank offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Punjab and Sind Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQs About Punjab and Sind Bank (PSB) Gold Loan

 What is Punjab and Sind Bank (PSB) Gold Loan?

Gold Loans are a secured loaning scheme that can be used for urgent monetary needs. Interest Rates in Punjab and Sind Bank starts from 10.25% per annum for a minimum tenure of 6 months and a maximum of 12 months. The loan can be used for productive as well as non-productive purposes.

How Can I Get Gold Loan From Punjab and Sind Bank (PSB)?

You can get a Punjab and Sind Bank Gold Loan by going into the nearest branch with your gold and documents or through the online channel of Dialabank in few easy steps. You may also call on the number 9878981144 in case of any queries.

How much Gold Loan Can I get per gram from Punjab and Sind Bank (PSB)?

Punjab and Sind Bank’s Gold Loan comes with attractive features and benefits. The per gram rate for Gold Loan depends on the purity and market price of your gold. Currently, you can get Rs 5,121.

How Does Punjab and Sind Bank (PSB) Gold Loan work?

Gold Loans are your answer for urgent financial needs. You can take a Gold Loan from Punjab and Sind Bank by walking into your branch with your gold and documents. Once verified and valued, the loan amount will be transferred to your bank account. Your gold will be kept as collateral

What is the Gold Loan interest rate in Punjab and Sind Bank (PSB)?

Gold Loans from Punjab and Sind Bank starts from 7.0% per annum. The rates may vary depending on your credit history and your income.

How to check gold loan status in Punjab and Sind Bank (PSB)?

You can check the status of your Gold Loan by contacting your Punjab and Sind Bank branch either in person or through customer care number. You will have to provide the bank with your application details.

How to calculate gold loan interest in Punjab and Sind Bank (PSB)?

Just subtract the principal loan amount from the final repayment amount and you will get the interest.

What is the maximum gold loan amount I can avail of on a gold loan from Punjab and Sind Bank (PSB)?

Punjab and Sind bank allows you to avail of a gold loan amount up to 1 crore, provided you have an income proof. You can avail of a loan amount of up to 70% of the value of your jewelry collateral.

What is the loan tenure of the Punjab and Sind Bank (PSB) gold loan?

The repayment tenure can be chosen by you and can go up to 36 months. However, if you opt for bullet repayment or prepayment, your repayment tenure will reduce. You can also opt for renewal once your tenure is over.

How much processing fee is applicable to the Punjab and Sind Bank (PSB) Gold loan?

The Punjab and Sind Bank bank charges a processing fee for its gold loan which is about 1% of the outstanding loan amount or Rs. 1000, whichever is higher.

✅ What are the charges for pre-payment in the Punjab and Sind Bank (PSB) gold loan?

The prepayment charges range from 0 to 1% of the loan amount. Prepayment helps you reduce the burden of your EMIs and thus avoid you from having any bad debts.

How to renew Punjab and Sind Bank (PSB) Gold Loan online?

Visit your loan branch with all the loan documents and apply for a renewal with your banker. After revaluation of your gold and payment of any fee as applicable, your loan will be renewed for another term.

How to pay Punjab and Sind Bank (PSB) Gold loan interest online?

You can pay for your monthly interest online by filling in your application details on the bank’s web portal or on its mobile app. You can pay through net banking or debit cards.

What if I can’t pay the interest on the Punjab and Sind Bank (PSB) Gold loan for 3 months?

Defaulting your Gold Loan would lead to a decrease in credit score, making it difficult to avail loans in the future. Also, the bank can auction off your gold to recover the money if there is continuous default. Bad debts will discourage banks from offering you loans.

How can I apply for the EMI moratorium on the Punjab and Sind Bank (PSB) Gold loan?

The moratorium means a period wherein you don’t have to repay your loan. This can be applied for in person or through the online portal of the bank. You can only do so until 5 days before the due date of your EMI payment.

How to pay the Punjab and Sind Bank (PSB) Gold loan through credit card?

The Reserve Bank of India doesn’t allow loan repayment through credit cards. However, you have many other options such as debit cards, cash, cheques, DDs. PayTM also allows you to repay gold loans.

What is the Overdraft Scheme for Punjab and Sind Bank Gold Loan?

Punjab and Sind Bank does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In Punjab and Sind Bank Gold Loan Overdraft facility, the bank charges interest only on the amount that you will withdraw/utilize.

What is the Punjab and Sind Bank Gold Loan closure procedure?

Once the loan is paid, the bank will close your gold loan immediately.

What is the Punjab and Sind Bank customer care number?

The customer care number for Punjab and Sind Bank is 9878981144

✅ What is Punjab and Sind Bank Gold Loan Preclosure charges?

The preclosure charges are decided by the bank from time to time. 

What is the maximum gold loan tenure?

The maximum tenure of Punjab and Sind Bank Gold Loan is up to 36 months

✅ What is the minimum gold loan tenure?

The minimum tenure of Punjab and Sind Bank Gold Loan is 12 months

✅ What are the foreclosure charges of the Punjab and Sind Bank Gold Loan?

The bank decides the foreclosure charges from time to time.

Table of Contents

Menu