Below is the table with details of PNB Bank gold loan interest rates w.e.f 01.08.2022. The PNB gold loan rate is linked to the bank’s Repo Linked Lending Rate (RLLR), which is 8.40% w.e.f. 01.10.2022 and a BSP (presently 0.25%) is added to the final gold loan interest rate.
Name of Scheme
Effective Rate of Interest
Advance against Gold Jewellery/Gold Ornaments (Demand Loan)
RLLR + BSP
Advance against Sovereign Gold Bonds (Demand Loan)
Advance against Sovereign Gold Bonds (Overdraft)
RLLR + BSP
Advance against Gold Jewellery/Ornaments (Overdraft)
The documents required for gold loan at PNB are mentioned below:
PNB Gold Loan Calculator can be used easily to borrow money from the bank. As the gold prices are going up every day, applicants can get a good value on their gold ornaments as the value of the ornaments/jewellery affects the loan amount, which has to be approved directly.
The calculator can help you find out the Equated Monthly Instalment (EMI) amount that you will have to pay for the borrowed loan amount. By using the PNB Gold Loan EMI Calculator, you can try different combinations of various loan amounts, interest rates and tenures offered by the bank to make sure that you get the best deal available.
Below is the comparison of the PNB gold loan with the gold loan schemes of other banks. You can check the best gold loan bank India before applying for the loan:
|Bank||Rate of Interest (p.a.)||Loan Amount||Processing Fee||Tenure|
|PNB Gold Loan|
|Rs. 25 000 to Rs. 25 Lakhs||0.30% or Rs. 500 + GST, whichever is higher||Up to 12 months|
|Bank of Baroda Gold Loan||9.20% - 9.30%||Up to Rs. 25 Lakhs||Up to 0.50% + GST||1 year - 3 years|
|Canara Bank Gold Loan||13% onwards||Rs. 5,000 - Rs. 35 Lakhs||1%||6 months - 1 year|
|HDFC Bank Gold Loan||7.60% - 16.81%||Rs. 25,000 onwards (Rs. 10,000 onwards in rural markets)||1%||3 months - 2 years|
|SBI Gold Loan||8%||Rs. 20,000 - Rs. 50 Lakhs||Nil till 31.01.2023||Up to 3 years|
|Indian Bank Gold Loan||8.25% onwards||No upper limit||0.50%||Up to 35 months|
|ICICI Bank Gold Loan||10% - 17.95%||Rs. 50,000 - Rs. 1 Crore||1%||6 months - 1 year|
|Kotak Mahindra Bank Gold Loan||8% - 17%||Rs. 20,000 - Rs. 1.5 Crores||Up to 2% + GST||Up to 4 years|
|Axis Bank Gold Loan||17% - 19%||Rs. 25,001 - Rs. 25 Lakhs||Up to 0.50%||6 months - 3 years|
The fees and charges associated with the PNB gold loan are given below:
The eligible applicants who want to apply for the PNB Gold Loan have to approach the nearest PNB branch in their area and collect the application form from the bank as mentioned above under the Documents Required for PNB Gold Loan section. Completely fill out the application form with the mandatory details and then attach the required documents before submitting them to the bank.
Rupeek Gold Loans are instant secured loans with no EMI option at interest rate starting at 8.88% p.a. You can avail of emergency loan ranging from Rs 50000 to Rs 20 Lakhs against gold jewellery, coins & ornaments. With bullet repayment option you repay entire loan at the end of the tenure.
PNB gold loan per gram rate today is Rs. 2,900 to Rs. 3,450.
If you have a good credit score, you might get a PNB gold loan at attractive terms. However, the credit score is not a mandatory requirement for the loan.
PNB Bank's gold loan interest rates are linked to the bank’s Repo Linked Lending Rate (RLLR), which is 8.40% w.e.f. 01.10.2022, and a BSP (presently 0.25%) is added to the final gold loan interest rate. The gold rate today also affects the loan interest rate.