Interest Rate & Loan Details
- Interest Rate: Linked to Repo Linked Lending Rate (RLLR) plus Business Strategic Premium (BSP). As of March 2025, RLLR is 6.25% and BSP is 0.10%, making the effective rate 9.00% p.a.
- Loan Amount:
- Minimum: ₹25,000
- Maximum: ₹25 lakh
- Loan Tenure: Varies based on the type of facility:
- Demand Loan – Bullet Repayment
- Demand Loan – EMI Based
- Overdraft :contentReference[oaicite:4]{index=4}
- Processing Fee: 0.35% of the loan amount, with a minimum of ₹2,500 and a maximum of ₹15,000
- Documentation Charges: ₹1,350
Purpose of Gold Loan
PNB provides gold loans to meet urgent financial requirements, including:
- Personal expenses
- Education fees
- Medical emergencies
- Business expansion
- Agricultural investments
Eligibility Criteria
To be eligible for a PNB Gold Loan, you must meet the following conditions:
- Age: Minimum 18 years
- Ownership: You must own gold jewelry or ornaments that can be pledged as collateral
- Income: Applicants must have a reliable source of income to ensure loan repayment capability
- KYC Compliance: Applicants must submit valid KYC documents for verification
Documents Required
Applicants must provide the following documents when applying for a PNB Gold Loan:
- Application Form: Duly filled and signed
- Photographs: Two recent passport-size photos
- Identity Proof (Any one):
- Aadhaar Card
- PAN Card
- Passport
- Voter ID
- Driving License
- Address Proof (Any one):
- Aadhaar Card
- Utility Bills (Electricity, Water, Telephone)
- Ration Card
- Lease Agreement
Loan Amount & Security
- Minimum Loan Amount: ₹25,000
- Maximum Loan Amount: ₹25 lakh
- Loan Security: Pledge of gold jewelry or ornaments, duly verified for quality and quantity
Repayment Options
PNB offers flexible repayment options for gold loans:
- Demand Loan – Bullet Repayment: Principal and interest are repaid at the end of the loan tenure
- Demand Loan – EMI Based: Fixed monthly installments over the loan tenure
- Overdraft: Flexible repayment based on the overdraft facility terms
Charges & Fees
- Processing Fee: 0.35% of the loan amount (Minimum ₹2,500; Maximum ₹15,000)
- Documentation Charges: ₹1,350
- Prepayment Penalty: Nil
Key Considerations Before Applying
- Gold Quality: Only gold jewelry and ornaments are accepted as collateral
- Loan Terms: Review the loan agreement carefully before signing to understand all terms and conditions
- Gold Security: Failure to repay the loan may result in the forfeiture of your pledged gold
Benefits of PNB Gold Loan
- Quick Loan Approval: Fast disbursal, often within a few hours
- Attractive Interest Rates: Competitive rates linked to RLLR
- High Loan Value: Loan up to ₹25 lakh based on the pledged gold’s market value
- Flexible Repayment: Choose between bullet repayment, EMI-based repayment, and overdraft options
- No Guarantor Required: The pledged gold itself serves as collateral
Contact PNB
- Customer Care Number: 1800 180 2222
