Punjab National Bank Gold Loan
RBI-regulated public-sector gold loan with RLLR-linked rate (≈ 8.95% p.a.), digital disbursal, three repayment options, and a cheaper PNB Swarnim agri scheme from 8.50%.
Punjab National Bank's gold loan interest rate is RLLR + 0.85% p.a. (≈ 8.95% p.a.) for retail loans up to ₹10 Lakh (RLLR + 0.90% above ₹10 L), with PNB's RLLR at 8.10%. The agri variant (PNB Swarnim) starts at RLLR + 0.40% (≈ 8.50% p.a.). PNB offers Bullet (12m), EMI (36m), and Overdraft (12m) options, loans from ₹25,000 to ₹25 Lakh, NIL documentation charges, no prepayment penalty, and fully digital disbursal.
Data source: Punjab National Bank official website · Reviewed 2026-07-28 · Indicative only.
💰 Maximum Loan Per Gram Today
At 75% LTV (RBI cap) · Live indicative gold rate
Loan amount = (today's gold rate per gram × 75%) · Indicative only. Final amount depends on branch appraisal of purity and net weight.
🧮 Check Your Punjab National Bank Gold Loan Eligibility
Enter your gold weight to estimate the maximum loan amount, monthly interest, and EMI at Punjab National Bank's indicative rate of 8.50% p.a.
Estimate based on indicative gold rate and Punjab National Bank's published rate of 8.50% p.a. Actual disbursal depends on branch-level gold appraisal, net weight (after deducting stones/wax), and KYC.
📋 Punjab National Bank Gold Loan — Quick Facts
📑 Punjab National Bank Gold Loan Schemes Compared
Side-by-side comparison of all 4 gold loan variants from Punjab National Bank. Choose the scheme that matches your repayment preference.
| Scheme | Interest Rate | Tenure | Repayment | LTV | Processing Fee | Best For |
|---|---|---|---|---|---|---|
| PNB Retail Gold Loan (Bullet) | RLLR + 0.85% (≈ 8.95% p.a.) up to ₹10 L; RLLR + 0.90% (≈ 9.00%) above ₹10 L | Up to 12 months | Bullet — principal + interest at maturity | Up to 68% (32% margin) | 0.30% + GST or ₹500 + GST, whichever is higher | Short-term personal needs — medical, education, marriage, unforeseen expenses |
| PNB Retail Gold Loan (EMI) | RLLR + 0.85% (≈ 8.95% p.a.) up to ₹10 L; RLLR + 0.90% (≈ 9.00%) above ₹10 L | Up to 36 months | EMI — monthly servicing of principal + interest | Up to 72% (28% margin) | 0.30% + GST or ₹500 + GST, whichever is higher | Borrowers who prefer structured monthly repayments over a longer horizon |
| PNB Retail Gold Loan (Overdraft) | RLLR + 0.85% (≈ 8.95% p.a.) up to ₹10 L; RLLR + 0.90% (≈ 9.00%) above ₹10 L | 12 months, subject to annual review | Overdraft — interest only on utilized amount | Up to 72% (28% margin) | 0.30% + GST or ₹500 + GST, whichever is higher | Flexible credit line for business or recurring working-capital needs |
| PNB Swarnim — Agri Gold Loan (Bullet) | RLLR + 0.40% (≈ 8.50% p.a.) up to ₹2.5 L; RLLR + 0.65% (≈ 8.75%) above ₹2.5 L | Up to 12 months | Bullet — principal + interest at maturity | Up to 75% (15% margin) | Nil up to ₹50,000; ₹500 + GST (₹50K–₹2L); 0.25% + GST (max ₹5,000) above ₹2L | Farmers — crop production, allied agriculture, farm machinery, repaying non-institutional loans |
All rates and fees are indicative and sourced from Punjab National Bank's official website. Verify current charges at your branch before applying.
🌾 PNB Swarnim — Agricultural Gold Loan
PNB Swarnim is Punjab National Bank's priority-sector gold loan for farmers and agricultural borrowers. It offers a lower interest rate (from RLLR + 0.40% ≈ 8.50% p.a.), a higher LTV (up to 75%, 15% margin), and relaxed upfront fees compared to the retail scheme. Loan amounts range from ₹10,000 to ₹25 Lakh.
Demand Loan — Bullet (Crop Production & Allied Agri)
Up to 12 months. Lump-sum principal + interest at maturity. Funds crop production, land-based activity, allied agriculture, and farm machinery.
Term Loan — EMI Based (Farm Investment)
Up to 36 months with monthly servicing of principal + interest. Ideal for irrigation equipment, horticulture, transport vehicles for agri produce.
Overdraft Facility (Recurring Agri Needs)
12 months, subject to annual renewal. Interest only on utilized amount. Best for recurring farm working-capital needs.
Repayment of Non-Institutional Loans
Pledge gold to clear high-cost loans from moneylenders and switch to a regulated, lower-cost PNB credit line.
✅ Eligibility — Who Can Apply
- ✓Resident Indian individuals (Retail segment)
- ✓Farmers, agri-entrepreneurs, tenant farmers, oral lessees, and sharecroppers (Agri / PNB Swarnim segment)
- ✓Existing PNB customers as well as new-to-bank (NTB) customers
- ✓Must own pledgeable gold jewellery or ornaments (gold coins accepted under agri scheme)
- ✓No loan against bullion, primary gold, or smuggled gold
- ✓Capacity to repay the principal + interest within the chosen tenure
📄 Documents Required
🪜 How to Apply for a Punjab National Bank Gold Loan
Follow these 6 steps to get your gold loan disbursed. The entire process is typically completed the same day.
💸 Fees & Charges Breakdown
| Charge | Amount |
|---|---|
| Processing fee (Retail — all facilities) | 0.30% of loan amount + GST or ₹500 + GST, whichever is higher |
| Upfront fee (Agri — up to ₹50,000) | Nil |
| Upfront fee (Agri — ₹50,000 to ₹2 Lakh) | ₹500 + GST |
| Upfront fee (Agri — above ₹2 Lakh) | 0.25% of loan amount + GST (maximum ₹5,000 + GST) |
| Gold appraiser / valuation charges | ₹3 per ₹1,000 of loan amount, maximum ₹500 (borne by customer) |
| Re-appraisal charges | ₹100 per pouch at the time of revaluation of jewellery |
| CIC (CIBIL / Equifax) charges | ₹100 + GST (as applicable) |
| Documentation charges | Nil |
| Safe-keeping charges | ₹100 per month (or part) after expiry of loan tenure (currently 12/36 months) |
| Prepayment / foreclosure charges | Nil |
⚖️ Pros & Cons of a Punjab National Bank Gold Loan
An honest look at where Punjab National Bank shines — and where other lenders might suit you better.
- +Public-sector bank with transparent RLLR-linked rate (RLLR + 0.85% ≈ 8.95% p.a.)
- +Among the lowest gold loan rates among major public-sector banks
- +Fully digital disbursal — loan amount credited directly to your operative account
- +Three repayment options: Bullet (12m), EMI (36m), and Overdraft (12m, annual review)
- +Separate PNB Swarnim agri scheme at a cheaper rate (from 8.50% p.a.) with priority-sector benefits
- +NIL documentation charges
- +NIL prepayment / foreclosure penalty
- +Open to new-to-bank (NTB) customers — no need to be an existing PNB account holder to apply
- –Lower LTV than the RBI cap on retail bullet loans — only 68% (32% margin) on Bullet, 72% on EMI/OD
- –Gold appraiser fee (₹3 per ₹1,000, max ₹500) is borne by the customer
- –Safe-keeping charges of ₹100/month apply after the loan tenure expires if gold is not collected
- –No loan against bullion, primary gold, or smuggled gold — only jewellery and (agri) coins
- –RLLR-linked rate moves with RBI repo-rate changes; effective rate may rise