Punjab National Bank Gold Loan Interest Rate 2026: Processing Fee, Documents, Eligibility, How to Apply
Gold loans continue to be one of the most dependable and cost-effective borrowing solutions in India, especially for individuals who require immediate liquidity without selling their assets. If you own gold jewellery and need quick funds, Punjab National Bank (PNB) offers structured gold loan schemes with transparent terms and competitive pricing.
- Also Read: Live Gold Price Today
The Punjab National Bank Gold Loan Interest Rate 2026 starts from 8.35% per annum, depending on the scheme selected and borrower category. The bank provides multiple gold-backed credit facilities for retail borrowers, farmers, agricultural entrepreneurs, and even holders of Sovereign Gold Bonds. With loan amounts ranging from ₹25,000 to ₹25 lakh under retail schemes, PNB ensures accessibility for both small and mid-sized funding requirements.
- Also Read: Lowest Gold Loan Interest Rate in India
The PNB Gold Loan Interest Rate remains competitive among public sector banks due to its regulated pricing structure, clear Loan-to-Value (LTV) norms, and simplified documentation process. Since the loan is secured against pledged gold jewellery, approval is generally faster compared to unsecured loans like personal loans.
Highlights of PNB Gold Loan 2026
Below is a structured overview of the primary features associated with Punjab National Bank gold loans in 2026:
| Gold Loan | PNB Gold Loan |
| Interest Rate | 8.35% onwards |
| Loan Amount | ₹25,000 – ₹25 lakh |
| Tenure | 12 months – 36 months |
| Processing Fee | 0.30% of loan amount or ₹500 + GST (whichever is higher) |
| Collateral | Pledge of gold jewellery or ornaments |
Key Insights About Punjab National Bank Gold Loan Interest Rate
- The starting interest rate of 8.35% applies to retail non-agricultural schemes.
- Agricultural gold loans carry a slightly higher rate due to structured rural credit norms.
- Maximum Loan-to-Value ratio is capped at 75% as per RBI regulations.
- Processing fees are modest compared to private lenders.
- Loan sanction depends on purity and net weight after appraisal.
The Punjab National Bank Gold Loan Interest Rate structure ensures affordability while maintaining compliance with regulatory standards set by the Reserve Bank of India.
PNB Gold Loan Interest Rate 2026 (Scheme-Wise Details)
Punjab National Bank offers different gold loan schemes catering to diverse borrower segments. The applicable interest rate depends on whether the loan is retail, agricultural, or against financial gold instruments.
| Name of Scheme | Rate of Interest |
| Advance against Non-Agri (Retail) Gold Loan | 8.35% |
| PNB Swarnim (Agri Gold Loan) | 8.75% |
| Advance against Sovereign Gold Bonds (SGB) | 8.35% |
Let us understand each scheme in depth.
Advance against Non-Agri (Retail) Gold Loan
This scheme is intended for individuals who require funds for:
- Personal emergencies
- Medical expenses
- Education
- Household obligations
- Business working capital
Features:
- Punjab National Bank Gold Loan Interest Rate: 8.35% per annum
- Loan amount up to ₹25 lakh
- Tenure up to 36 months (EMI-based option available)
- Secured against gold ornaments only
This is the most commonly availed scheme under the PNB Gold Loan Interest Rate 2026 category.
PNB Swarnim (Agri Gold Loan)
The PNB Swarnim scheme is designed exclusively for individuals engaged in agriculture and allied activities.
Purpose:
- Purchase of seeds and fertilizers
- Farm equipment procurement
- Irrigation expenses
- Pesticide purchases
- Seasonal working capital
Key Terms:
- PNB Gold Loan Interest Rate: 8.75% per annum
- Maximum loan amount: ₹10 lakh per borrower
- Tenure: 12 months
- Reduced processing charges for small-ticket loans
This scheme supports rural credit accessibility and is structured in alignment with agricultural income cycles.
Advance against Sovereign Gold Bonds (SGB)
Punjab National Bank also provides loans against Sovereign Gold Bonds issued by the Government of India.
Features:
- Interest rate: 8.35% per annum
- Tenure up to 8 years or bond maturity
- No physical gold appraisal required
- NIL processing charges
This option benefits investors who hold SGBs and require liquidity without liquidating their investment.
PNB Gold Loan Rate Per Gram
The gold loan per gram determines the eligible borrowing amount. While Punjab National Bank does not publish a fixed universal per gram rate, it generally ranges between:
₹3,800 to ₹4,350 per gram for 22-carat gold
This valuation depends on:
- Prevailing market price of gold
- Purity level (typically 22K preferred)
- Net gold weight after deduction of stones
- Maximum LTV of 75%
Example Calculation
If the current 22K gold rate is ₹6,000 per gram:
Loan eligibility per gram (at 75% LTV) = ₹4,500
However, final sanction is determined after physical verification and branch-level appraisal.
The Punjab National Bank Gold Loan Interest Rate 2026 is applied to the final sanctioned loan amount.
PNB Agriculture Gold Loan Interest Rate
The Punjab National Bank Gold Loan Interest Rate under agricultural schemes is structured to support farmers.
Key Features:
- Interest Rate: 8.75% per annum
- Maximum Loan Amount: ₹10 lakh
- Tenure: 12 months
- Flexible repayment aligned with crop cycles
The agricultural gold loan provides short-term financing for production needs and seasonal capital requirements.
PNB Gold Loan Interest Rate for Farmers
Farmers, tenant cultivators, sharecroppers, and agricultural entrepreneurs can apply under the PNB Swarnim scheme.
Eligible Categories:
- Individual farmers
- Tenant farmers
- Sharecroppers
- Oral lessees
- Individuals engaged in allied agricultural activities
The Punjab National Bank Gold Loan Interest Rate for farmers remains 8.75% per annum, making it accessible for rural borrowers seeking regulated credit alternatives to informal lenders.
PNB Gold Loan Repayment Period
Punjab National Bank offers flexible repayment options based on scheme type.
Repayment Structure:
- 12 months for agricultural and demand loans
- Up to 36 months for EMI-based retail loans
- Up to 8 years for SGB-backed loans
Borrowers can choose between:
- EMI-based structured repayment
- Demand loan (principal payable at end)
- Pre-closure before tenure (subject to bank norms)
PNB Gold Loan Eligibility Criteria
Before applying, borrowers must understand the eligibility requirements associated with the Punjab National Bank Gold Loan Interest Rate 2026. Although gold loans are secured and comparatively easier to obtain, PNB follows structured eligibility norms to ensure compliance and responsible lending.
Basic Eligibility Conditions
- The borrower must be 18 years or older at the time of application.
- The applicant must be an Indian citizen.
- Individuals must possess gold jewellery or ornaments eligible for pledge.
- The applicant should maintain a savings account with Punjab National Bank.
- A stable source of income is preferred, especially for EMI-based loans.
Eligible Categories
PNB extends gold loan facilities to:
- Individual retail borrowers
- Farmers
- Agricultural entrepreneurs
- Tenant farmers and sharecroppers
- Individuals engaged in allied agricultural activities
For agricultural schemes under the PNB Swarnim category, the bank may require proof of engagement in agricultural activities.
The eligibility process is simpler compared to unsecured credit products because the loan is backed by collateral. However, KYC compliance remains mandatory.
PNB Gold Loan Procedure
The gold loan procedure at Punjab National Bank is designed to ensure transparency, security, and compliance with RBI guidelines. Borrowers can initiate the application either online or offline, but physical gold appraisal at the branch is compulsory.
Step-by-Step Gold Loan Procedure of Punjab National Bank
- Step 1: Submit the completed gold loan application form. The application can be initiated online through the official website or submitted physically at the nearest branch.
- Step 2: Once the application is submitted, a bank representative will contact you. If the home service facility is available in your location, the bank may send an authorized representative to assist you.
- Step 3: The pledged gold jewellery undergoes purity verification and weight measurement. Stones, beads, and non-gold components are excluded from valuation. The appraiser determines net gold weight and calculates eligible loan value based on prevailing market rates.
- Step 4: Complete KYC formalities as per regulatory norms. Provide identity and address proof.
- Step 5: After successful verification, the loan is approved and disbursed directly into your PNB savings account.
Important Process Notes
- Maximum Loan-to-Value ratio is capped at 75%.
- Gold ornaments are stored securely in bank vaults.
- Same-day disbursement is possible in many cases.
- Sovereign Gold Bonds do not require physical gold deposit.
The structured procedure ensures that the Punjab National Bank Gold Loan Interest Rate is applied fairly to a properly appraised loan amount.
Documents Required for PNB Gold Loan
To process a gold loan smoothly, borrowers must submit the following documents:
Mandatory Documents
- Two recent passport-size photographs
- Identity proof (Aadhaar card, Passport, PAN card, or Voter ID)
- Address proof (Utility bill, Driving License, Ration card, Aadhaar card)
Additional Documentation (If Required)
- PAN card for higher loan amounts
- Agricultural activity proof for PNB Swarnim scheme
- Savings account details
Since the loan is secured against gold, income proof is generally not mandatory. However, the bank may request additional documentation depending on internal policy requirements.
Proper documentation ensures faster sanction and smoother disbursement under the PNB Gold Loan Interest Rate 2026 framework.
PNB Gold Loan Processing Fee
Processing fees form an important part of the total borrowing cost. While the Punjab National Bank Gold Loan Interest Rate may appear attractive, borrowers must evaluate applicable charges carefully.
Below is the official processing structure:
| Gold Loan Scheme | Processing Charges |
| Advance against Non-Agri (Retail) Gold Loan | 0.30% of loan amount + GST or ₹500 + GST, whichever is higher |
| PNB Swarnim (Agri Gold Loan) | Up to ₹50,000 – NIL; ₹50,000 to ₹2 lakh – ₹500 + GST; Above ₹2 lakh – 0.30% + GST |
| Advance against Sovereign Gold Bonds (SGB) | NIL |
Processing Fee Insights
- Retail loans attract standard 0.30% fee.
- Agricultural loans up to ₹50,000 are exempt from processing fees.
- GST applies over and above the processing charges.
- Fees are generally deducted at the time of disbursement.
Understanding processing charges helps borrowers calculate the effective cost under the PNB Gold Loan Interest Rate structure.
PNB Gold Loan Maximum Limit
Punjab National Bank defines clear loan limits to ensure regulated lending practices.
Loan Amount Structure
- Minimum Loan Amount: ₹25,000
- Maximum Loan Amount (Retail): ₹25 lakh
- Maximum Loan Amount (Agricultural): ₹10 lakh per borrower
There is no minimum limit for agricultural gold loans in certain cases.
The final sanctioned amount depends on:
- Purity of gold (preferably 22K)
- Net gold weight
- Current gold market price
- Applicable LTV ratio
Borrowers are advised not to over-borrow beyond repayment capacity even if eligible for higher limits.
How to Calculate Gold Loan Interest in PNB?
Understanding interest calculation is crucial for responsible borrowing.
PNB uses the standard EMI formula:
- EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Principal loan amount
- R = Monthly interest rate
- N = Number of instalments
Example Calculation
If you borrow ₹6,00,000 at 8% per annum for 24 months:
- Approximate EMI: ₹27,136
- Total interest payable: ₹51,273
This helps borrowers estimate repayment obligations before finalizing the loan under the Punjab National Bank Gold Loan Interest Rate 2026.
PNB Gold Loan Interest Rate Calculator
To simplify calculations, borrowers can use an online gold loan EMI calculator.
Steps to Use Calculator:
- Enter loan amount.
- Enter interest rate.
- Select repayment tenure.
- Calculate EMI instantly.
The calculator provides:
- Monthly EMI amount
- Total interest payable
- Total repayment amount
Using a calculator ensures clarity about borrowing cost under the PNB Gold Loan Interest Rate structure.
How to Close Gold Loan in PNB?
Closing your gold loan on time is essential to retrieve pledged jewellery safely.
Step-by-Step Closure Process
- Step 1: Clear outstanding principal, interest, and applicable charges.
- Step 2: Visit the branch and request loan closure.
- Step 3: Collect the No Objection Certificate (NOC).
- Step 4: Retrieve pledged gold ornaments.
- Step 5: Collect all original documents from the bank.
Timely closure avoids penalty charges and ensures the safety of pledged assets.
PNB Bank vs Other Banks’ Gold Loan Interest Rates
Comparing lenders helps borrowers understand how the Punjab National Bank Gold Loan Interest Rate compares with other banks in India. While PNB offers competitive public sector pricing, borrowers should also evaluate appraisal charges, repayment flexibility, processing fees, and loan servicing efficiency before choosing a lender. Public sector banks generally provide stable rates, whereas private lenders may offer faster processing with wider interest ranges.
| Bank Name | Interest Rate (% p.a.) |
| Punjab National Bank | 8.85% – 9.85% |
| Bank of India | 9.25% – 10.50% |
| Axis Bank | 9.50% – 16.00% |
| Canara Bank | 8.75% – 10.25% |
| SBI | 8.75% – 9.50% |
| Union Bank of India | 8.80% – 10.15% |
| Indian Overseas Bank | 9.30% – 10.25% |
| Bank of Baroda | 8.75% – 10.60% |
| HDFC Bank | 9.00% – 17.00% |
| Federal Bank | 8.50% – 12.00% |
| ICICI Bank | 10.00% – 17.00% |
| Central Bank of India | 8.80% – 9.80% |
- PNB offers competitive public sector interest rates: Moderate pricing makes it suitable for borrowers seeking stable secured lending options.
- Public banks provide predictable repayment structures: Borrowers often benefit from transparent rate policies and standardised procedures.
- Private lenders may offer quicker processing: Faster approvals sometimes come with broader and higher interest ranges.
- Additional charges influence total cost: Processing and appraisal fees impact the overall borrowing expense.
- Comparing lenders improves borrowing decisions: Evaluating multiple banks helps borrowers select affordable financing options.
PNB Gold Loan Customer Care
For assistance related to the Punjab National Bank Gold Loan Interest Rate, application process, renewal, or balance enquiry, contact:
- 1800 1800
- 1800 2021
Customer care representatives assist with:
- Loan status tracking
- Interest rate clarification
- Repayment support
- Renewal and closure guidance
Final Thoughts
Punjab National Bank gold loans in 2026 offer interest rates starting from 8.35% per annum, depending on scheme and borrower eligibility. With straightforward documentation and secure gold storage, PNB remains a preferred public sector lender for secured loans. Reviewing the PNB Gold Loan Interest Rate, appraisal charges, and repayment flexibility allows borrowers to assess affordability before committing to a loan.
Sell Your Gold with Attica Gold Company
If you prefer selling instead of pledging, Attica Gold Company offers accurate evaluation and real-time pricing for your gold jewellery and coins. Recognised as India’s trusted gold buyer, Attica guarantees quick, secure, and transparent transactions. Contact us today and sell your gold instantly.
FAQs About Punjab National Bank Gold Loan Interest Rate 2026
What is the gold loan interest rate in PNB?
The Punjab National Bank Gold Loan Interest Rate 2026 starts from 8.35% per annum for retail gold loans. However, the final applicable rate depends on the selected scheme, such as retail, agricultural, or loan against Sovereign Gold Bonds. The interest rate may vary slightly based on tenure, borrower profile, and internal bank policies at the time of loan sanction. Agricultural schemes under PNB Swarnim generally carry an interest rate of 8.75% per annum.
What is the interest of 1 lakh in Punjab National Bank gold loan?
If you borrow ₹1 lakh under the retail scheme, the PNB Gold Loan Interest Rate generally begins at 8.35% per annum. The actual interest payable depends on the selected repayment tenure and whether the loan is EMI-based or structured as a demand loan. The total interest amount also depends on the duration of borrowing and any applicable processing charges plus GST.
What is the interest of 5 lakh in PNB gold loan?
For a ₹5 lakh gold loan, the Punjab National Bank Gold Loan Interest Rate typically starts at 8.35% per annum under retail schemes. However, the total interest cost depends on tenure, repayment structure, and processing fees. Agricultural gold loans may carry a slightly higher rate of 8.75% per annum. Borrowers should calculate the EMI using the official formula or an online calculator to determine total repayment obligations.
How to apply gold loan in Punjab National Bank?
You can apply for a PNB gold loan either by visiting your nearest Punjab National Bank branch or by initiating the application online through the official website. After submitting the application, you must pledge eligible gold jewellery for appraisal. Once purity verification and KYC documentation are completed, the loan is sanctioned and disbursed directly into your savings account. Same-day disbursement is often possible if all documentation requirements are met.
How to calculate gold loan interest in Punjab National Bank?
Punjab National Bank calculates gold loan interest based on the principal amount, applicable Punjab National Bank Gold Loan Interest Rate, and repayment tenure. The standard EMI formula is used to compute monthly instalments. Borrowers can also use an online gold loan EMI calculator by entering the loan amount, interest rate, and tenure to estimate monthly payments and total interest payable accurately.
How to close a gold loan in PNB?
To close your gold loan in PNB, you must repay the entire outstanding principal along with accrued interest and any applicable charges. After full repayment, visit the branch to obtain the No Objection Certificate (NOC). Once the NOC is issued, you can collect your pledged gold ornaments and retrieve any documents submitted during the loan application process.
How to renew a gold loan in PNB?
To renew your existing PNB gold loan, you must visit the branch where the loan was originally sanctioned. The pledged gold ornaments will undergo revaluation based on current market prices. After clearing any outstanding interest, the bank may extend the loan tenure or sanction a revised amount based on updated appraisal and policy guidelines.
How to check the gold loan balance in PNB?
You can check your PNB gold loan balance by logging into the official PNB net banking portal and accessing the loan section. Alternatively, you may visit your branch or contact customer care. By entering your customer credentials or reference ID, you can view the outstanding principal, accrued interest, and repayment schedule details.
How to check gold loan status in PNB?
To check your gold loan status in Punjab National Bank, you may call the customer care helpline at 1800 1800 or 1800 2021. You can also log in to the net banking portal or visit your branch. By providing your loan reference number, you can track approval status, disbursement updates, or pending documentation requirements.
