PNB Gold Loan

• Nature of facility: 
  • Advance Against Gold Jewellery/Gold Ornaments: These loans can be availed of as a Demand Loan (bullet repayment or EMI-based method) or as an Overdraft Facility.
  • Advance Against Sovereign Gold Bonds: These PNB gold loans can be availed of as a Demand Loan or as an Overdraft Facility.
• Loan amount:
  • Advance Against Gold Jewellery/Gold Ornaments: You can avail of a minimum of Rs. 25,000 and a maximum of Rs. 25 Lakhs.
  • Advance Against Sovereign Gold Bonds: You can avail of a minimum of Rs. 50,000. The upper limit for the loan is need-based.
• Margin:
  • Advance Against Gold Jewellery/Gold Ornaments: The margin requirement is 30% for Demand Loan - Bullet Repayment, 25% for Demand Loan - EMI Based, and 25% for Overdraft.
  • Advance Against Sovereign Gold Bonds: The margin requirement is 25% for individuals and 40% for others than individuals.
• Security
  • Advance Against Gold Jewellery/Gold Ornaments: Pledge of gold jewellery or ornaments.
  • Advance Against Sovereign Gold Bonds: Pledge/lien on sovereign gold bond in favour of PNB. Loans are available against Sovereign Gold Bonds held in dematerialised form with the Depository Participant of NSDL only.
• Disbursement
  • Advance Against Gold Jewellery/Gold Ornaments: The Demand Loan is disbursed by way of credit in the borrower’s Savings Bank or Current Account maintained with PNB or any other bank.
  • Advance Against Sovereign Gold Bonds: For a demand PNB gold loan, the disbursement of the loan amount is by way of credit in the borrower’s operative account with the bank.
• Repayment tenure:
  • Advance Against Gold Jewellery/Gold Ornaments: The loan is to be repaid by any of the following options:
    • OD facility to be renewed each year.
    • Regular servicing of the interest as and when it is levied in case of a Demand Loan – EMI based, and for an Overdraft Account.
    • Repayment via Bullet Payment, i.e. paying interest and principal at maturity (which is a maximum of up to 12 months).
  • Advance Against Sovereign Gold Bonds: Repayment is made till the date of maturity, i.e. maximum of up to 8 years or the remaining period of the Gold Bond (whichever is earlier).

As of the latest available information (updated up to July 1, 2025), the PNB Gold Loan interest rate is generally 8.35% p.a. (RLLR+BSP) for non-agricultural retail gold loans, and 8.75% p.a. (MCLR) for PNB Swarnim (Agriculture Gold Loan).

Here's a breakdown of the interest rates and other key details for PNB Gold Loans:

Interest Rates:

• Non-Agri (Retail) Gold Loan: RLLR + BSP (Presently 8.35% p.a.)
  • This applies to Demand Loan - Bullet Repayment, Term Loan - EMI Based, and Overdraft facilities.
• PNB Swarnim (Agri. Gold Loan): MCLR (Six-Month) (Presently 8.75% p.a.)
• Advance against Sovereign Gold Bonds (SGB): RLLR + BSP (Presently 8.35% p.a.) for both Demand Loan and Overdraft.

The documents required for a gold loan at PNB are mentioned below:

• Annexure-B: Application for Loan Against Gold Jewellery/Ornaments.
• Annexure D-PNB 2024: Loan application for Advance Against Sovereign Gold Bonds.
• Annexure G-PNB 2026: Details of Sovereign Gold Bond provided as security.
• Any other document or paper that may be necessary as per the requirements of the case.

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 a comparison of the PNB gold loan with the gold loan schemes of other banks. You can check the best gold loan bank in India before applying for the loan:

The fees associated with the PNB gold loan are given below:

• Processing fees: 0.30% of the loan amount + GST or Rs. 500 + applicable Tax, whichever is higher, for Gold Loan. Nil for Advance Against Gold Bonds.
• Documentation charges: Nil.
• Prepayment charges: Nil.

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.