PNB Gold Loan Per Gram


A goldloan is a financial instrument that allows you to exchange your gold ornaments for cash. You can make repayments in many ways, including visiting the bank branch, setting up EMIs, or sending post-dated checks.

You can also apply for a gold loan through an online application. The process is simple, and you can upload all required documents online.

Interest Rates

If you have gold ornaments lying inactive at home, you can utilize them to meet your short-term cash-related needs by availing of a PNB Gold Loan. This type of credit is a secured loan, which means that the bank keeps your precious metal as security in exchange for the money you are borrowing. This makes the loan a great option for those in need of emergency funds or who have trouble keeping up with their gradual expenses.

In addition, this form of credit is usually offered at lower interest rates than other types of loans. The rate of interest that is charged on a PNB gold loan can vary depending on the purity of the gold and its market price. It can also depend on the type of repayment scheme you choose – if you opt for an EMI-based loan, for example, you will pay back the interest and principal in equal monthly payments.

Another thing to consider is the maximum weight of the gold that can be pledged in this kind of loan. In the case of a PNB gold loan, you can pledge up to 50 grams of gold jewelry or coins. This limit is significantly higher than that of other lenders, which can only offer a maximum of 30 grams of gold jewelry.

The PNB Digital Gold Loan is a digital lending solution that offers hassle-free credit for your jewelry and other valuables. This service uses a streamlined digital process for valuation, documentation, security creation, and loan account opening, eliminating paperwork hassles. All you need is to submit essential KYC documents, including proof of identity and address. No income documents or CIBIL scores are required.

Once the PNB Gold Loan is approved, you will be able to enjoy your credited amount within an hour of applying for it. This is because the weighing and valuation processes are done immediately, allowing you to get the cash that you need without delay. The lender will keep the jewelry as collateral until the loan is repaid in full. You can choose to repay your Gold Loan by visiting the nearest branch office, setting up a standing instruction, or sending post-dated cheques.

LTV Ratio

The maximum LTV Ratio associated with a gold loan from PNB Bank is 75% of the market value of your pledged jewelry or the per-gram advance value of the jewels, whichever is lower. However, this does not include the weight of the stones or other metals in the embellishment, which is considered a part of the total gold value. To avail the highest possible LTV Ratio, it is advisable to choose jewels that are of high purity. This will ensure that you receive higher advance values and a better interest rate.

In addition, a good credit score and stable employment can help you secure a higher loan amount. You can also opt for an EMI plan, which will enable you to pay off your debt on time. Moreover, the lender will provide you with a number of ways to make your payments, including through ECS, standing instructions, and post-dated cheques.

A gold loan from PNB is a convenient and safe way to meet your short-term and long-term financial needs. The process is quick and straightforward, with minimal documentation. PNB also offers a range of flexible repayment terms and competitive interest rates. In addition, it provides high-end security for the gold that is used as collateral. This makes it an excellent choice for borrowers who are seeking loans with low-interest rates and minimal requirements.

Gold loans are available to a variety of borrowers, including businessmen, students, pensioners, salaried workers, and self-employed professionals. You can apply for a gold loan online or at the bank’s branch office. The lender will evaluate the gold you want to use as collateral and provide you with a quote. Once you agree to the terms and conditions, you can receive your loan.

The gold loan application process is fast and easy. The loan is secured by a piece of gold jewelry that you keep with the bank, and the bank will hold it as security until you repay the loan. The loan can be used for any purpose, from paying tuition fees to funding wedding expenses.


The purity of the gold used to secure a gold loan is essential because it determines how much you can borrow. Generally, lenders require gold to be above 18 carats in order to offer loans. However, there are some exceptions. In some cases, the lender will accept gold that is less than 18 carats if it is of high quality. Usually, this is the case for a jewelry loan or a loan against gold coins.

A gold loan can be used for many purposes, including financing the cost of a wedding or buying a home. It can also be used to cover unforeseen expenses or pay off existing debts. In addition, the interest on a gold loan is generally lower than the interest on other types of loans. Moreover, a gold loan can be paid back in a number of ways, including through a bank branch or online.

PNB is one of India’s leading banks, offering a wide range of financial products to its customers. The company provides gold loan services to individuals and businesses. These loans are secured by the borrower’s gold, which the bank appraises. They are available as a demand loan (bullet or EMI-based) or an overdraft facility.

Applicants can avail of a maximum of 25 lakh rupees under the PNB gold loan scheme. Those who wish to apply for this product will need to provide the following documents:

Documents Required to Apply for PNB Gold Loan

To apply for a gold loan with Punjab National Bank, you must provide valid proof of identity and address. You will also need to have a savings or current account with the bank. In addition, you must be a citizen of India or an NRI. Besides this, you must have a good credit score.

The bank’s EMI-based and demand gold loan programs are popular among businessmen, students, and salaried professionals. These loans are ideal for those who need cash to fund their immediate and long-term monetary needs. Besides, the bank’s low gold loan interest rates are competitive in the market.

EMI Calculator

PNB offers gold loans at competitive rates to help you meet your urgent short-term financial needs. Besides, it provides a flexible tenure to help you conveniently repay the loan. Moreover, the bank does not charge a prepayment or foreclosure fee on the loan. However, it is essential to know the interest rate, loan-to-value ratio, purity, and processing charges before you apply for a PNB gold loan.

A gold loan is an easy-to-obtain financing scheme that allows you to pledge your gold jewelry or coins with the bank as security for the amount borrowed. The bank then provides you with the funds in exchange. These funds can be used for a variety of purposes, including purchasing a house or car. The lender can also provide you with a flexible repayment schedule, which includes both principal and interest payments.

Unlike other types of loans, the gold loan requires no documentation, and you can avail of the loan in as little as 24 hours. The minimum loan amount is Rs. 1 lakh, and you can borrow up to 75% of the gold’s current market price. The interest rate on gold loans is lower than other types of loans, and it varies depending on the purity level of the metal and the market price.

The EMI Calculator associated with the PNB gold loan helps you figure out your equated monthly installments (EMI) for the loan. The calculator takes into account the total loan amount, applicable rate of interest, and loan tenure to give you an approximate EMI. You can also use the calculator to find out how much your loan will cost if you choose a different interest rate or loan tenure.

You can pay back your PNB gold advance in three different ways: visit the bank, set up a standing instruction (SI), or send post-dated cheques. However, most banks prefer that you use your salary mode for loan repayments. The reason for this is that the bank will have concrete proof that you are earning enough to afford your loan payments.

To qualify for a gold loan, you should have sufficient income to repay the loan. To prove your income, you must have a valid identity card and proof of residence. Other necessary documents include a passport, driving license, or ration card. You should also have a valid proof of address and an age certificate. If you are self-employed, you may need to submit income tax returns or balance sheets certified by a qualified chartered accountant.