Apply Now


Punjab National Bank is one of the top banks to offer banking and financial services in India. Founded in 1984 and managed by the Government of India, this bank brings an extensive collection of financial products for customers. PNB Gold loan is one of its many useful and important financial products which you are going to look into in this section.

Gold Loan by PNB

Gold loan is a type of secured loan to avail which the borrower pledges his gold articles such as jewellery, ornaments, coins etc. to the lender as a collateral. It is also known as loan against gold. 

The amount of loan sanctioned by a lender is a certain percentage of gold which is based on its current market value. Assessing the reason to avail gold loan, the bank sanctions this loan with a certain interest rate.

Features of PNB Gold loan

Here are some features of gold loan by PNB which you can count:

  1. Quantum of Finance : There is no set amount of loan against gold to be availed for productive purposes. In case of non-productive purposes, the maximum amount of gold loan you can avail is Rs. 10 lakh. The margin of loan to be bought by the borrower is 25%. 

  2. Interest Rate: The loan against gold offered by PNB that can be availed for desired purposes comes with nominal interest. 

  3. Valuation: As per the RAD, gold loan can be availed only against 22-carat gold. If any jewellery is lesser than that, its value will be converted to 22 carats by the bank based on which the loan value will be decided.

  4. Repayment Tenure: The loan can be repaid in 4 quarterly or  12 monthly installments and the interest to be retrieved by the bank applies on half-yearly or yearly basis.

Benefits of Gold Loan by PNB 

Gold loan is a secured loan that can be procured against gold ornaments, jewellery, coins etc. This loan proves to be a blessing at the time of dire emergencies. PNB offers gold loans for productive purposes like agricultural/allied practices or non-productive purposes which includes medical expenses, educational expenses, marriage expenses etc. 

Apart from that, here are some reasons why gold is loan can be everything you need sometimes:

  • Quick Processing: In case of a gold loan, the procedure will be implemented at a quicker pace as compared to other types of loans, given that you hand your gold articles over to the lender in exchange. It means that your gold is backed by the bank and they have a right to sell it in case you fail to repay the loan. 

  • Security: It is obvious. One of the important reasons why gold loan can be a useful idea is because it comes with a secured side. Your gold articles are secured in a vault by the bank, being safe, until you repay the loan. 

  • No Hassle: Gold loan reduces the chaos of rushing through the bank branch/website, submitting piles of documents and what not. You need not to perform many formalities such as showing income proof, CIBIL etc. in order to avail it. Great. Isn’t it?

Fee and charges of Punjab National Bank Gold Loan:



Documentation charges

Loan upto Rs.2 lakh = Rs.270 plus GST 

Loan above Rs.2 lakh = Rs.450 plus GST

Upfront fees

0.70% plus GST

Prepayment charges


Processing fees

0.75% of the loan amount (Minimum Rs.500 plus GST and Maximum Rs.5000 plus GST)

Documents Required for Punjab National Bank Gold Loan

Here are the documents required for gold loan:

  1. Signed loan application form

  2. Passport-size photos

  3. ID proof: PAN card,  Aadhar card, passport, voter ID

  4. Address proof: PAN card,  Aadhar card, passport, voter ID, utility bills

  5. Post disbursement documents (If any)

Eligibility Criteria for PNB Gold Loan

The age of the loan applicant should be 21 years and maximum goes up to 65 years. Apart from that, the applicant must be Indian citizen.

Check other bank Gold loan interest rates


Interest Rate

AXIS Bank Gold Loan

14.50% to 17%

HDFC Bank Gold loan

11% to 16%

Kotak Mahindra Bank Gold Loan

10.50% to 17%

Yes Bank Gold Loan

11.25% to 16.25%

ICICI Bank Gold Loan

10.00% to 19.76%

RBL Bank Gold Loan

Starting at 10.75%

IndusInd Bank Gold Loan

10.50% to 16.00%

Canara Bank Gold Loan

Starting at 13%

Punjab National Bank Gold Loan

10.05% to 11.05%

Other products of Punjab National Bank

PNB Car Loan PNB Home Loan
PNB Personal Loan PNB Two Wheeler Loan


How to Apply for Punjab National Bank Gold

Here are two ways you can apply for gold loan from PNB:

  • Offline method: To apply for a gold loan from Punjab National Bank offline, you can visit the nearest branch. 

  • Online method: If you are not comfortable with visiting the bank branch to apply for a loan then you can visit its official website and submit your application there.

How to contact with Punjab National Bank Gold Loan:

1. By customer care contact number: 18001802222 / 18001032222

2. By customer care email id : [email protected]

Financials products offered by Bank:














PNB Gold Loan FAQs

1. What is the minimum and maximum amount of PNB gold loan I can avail?

The amount of PNB gold loan you can avail starts at Rs. 10, 000 and goes up to Rs. 10 lakh.

2. What is the age limit required to avail gold loan from PNB?

The minimum age required for PNB gold loan is 21 years and the maximum age requirement goes up to 65 years. 

3. Are there any charges on pre-closing the loan?

No. PNB does not charge any foreclosure cost. Thus, you can repay the loan and close when and if you have required funds.

4. How do I check the status of PNB gold loan?

You can contact the customer care to reach out to your bank in order to check your loan status or you can visit the branch in order to meet the branch officer. 

5. What purposes can I avail the loan for?

You can avail the loan for productive purposes such as agricultural and other activities and non-productive purposes like marriage expenses, educational expenses, medical expenses etc.

Last Updated on : 19/Feb/2021

Know More About

Punjab National Bank Gold Loan

You're eligible for a Punjab National Bank Gold Loan if you:

Are legally adult enough to handle it

Have still got it

Get a regular pay check

Make more than a basic buck

Your eligibility depends on:

Earn more than minimum income required

Maximum allowed Gold Loans is Rs. 10K to Rs. 45 lakhs

EMIs of other loans loweryour eligibility

Boost your eligibility by:

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Punjab National Bank Gold Loan Interest Rates

Updated on 25 Nov 2017

Punjab National Bank Gold Loan Details
Interest Rate (Monthly reducing balance) 10.05% - 11.05%
Processing Fees 0.75% of the loan amount (Minimum Rs.500 plus GST and Maximum Rs.5000 plus GST)
Loan Tenure 1 year to years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Gold Loans EMI Calculator

Loan Amount


Interest Rate


Loan Tenure


Your Monthly Loan EMI