Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • PNB Gold Loan is Rated as "Great!" by 18 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    PNB Gold Loan

    Apply for Personal Loan

    Overview about PNB Gold Loan

    Punjab National Bank offers loans against gold ornaments, jewellery and gold coins to customers in India. The gold loan can be availed for productive purposes inclusive of agricultural and allied activities and for non-productive purposes like medical treatments, educational purposes and for other unplanned emergencies. Depending on the purpose the loan is being procured for, Punjab National Bank will approve the required loan amount at a competitive interest rate.

    Perfect Personal Loan Deals for you

    Features of PNB Gold Loan

    The following are the key features of a PNB Gold Loan -

    Quantum of Finance

    For productive purposes, there is no cap on the loan amount approved by Punjab National Bank. For non-productive purposes, the maximum loan amount that is generally approved is up to Rs. 10 lakhs.

    Loan Margin

    The loan margin that has to be brought in by the borrower is 25%.

    Security

    Customers have to submit gold ornaments, jewellery or coins issued by any bank while applying for the advance. When PNB approves a loan against gold coins (pledged as security), the maximum weight per coin per customer should not be more than 50 grams.

    Valuation

    As decided by the RAD, 22 carat gold will be accepted for approving loans. If the gold ornament or jewellery is lesser than 22 carat, then PNB will convert the required value into 22 carat and then sanction the loan.

    Repayment Tenure

    Loans given for agricultural purposes can be repaid in 12 monthly installments or as four quarterly installments. PNB will retrieve the interest on a half-yearly or yearly basis, as per the harvest season. The loan account can be adjusted to include a maximum tenure of 12 months. The overdraft facility can be renewed on an annual basis.

    Loans availed for non-agricultural purposes can be repaid in 12 monthly installments or as four quarterly installments. The overdraft facility can be renewed on an annual basis. The interest will be levied as required and the principal has to be repaid within the 12-month tenure.

    PNB Gold Loan Interest Rates

    The interest rates offered by Punjab National Bank (PNB) for loans against gold jewellery, ornaments or coins are as follows -

    For Productive Purposes Interest Rates
    For Agriculture - Loans up to Rs. 10 lakhs MCLR + 1.60%
    For other productive purposes MCLR + 2.60%
    For Non-Productive Purposes - Loans up to Rs. 10 lakhs MCLR + 2.60%

    PNB Gold Loan - Other Fees and Charges

    Other Charges
    Upfront Fees 0.70% plus GST
    Documentation Charges Loans up to Rs. 2 lakhs - Rs. 270 plus GST and Loans above Rs. 2 lakhs - Rs. 450 plus GST
    Prepayment Charges Nil

    PNB Gold Loan FAQs

    1. Does Punjab National Bank levy any fees for obtaining interest certificates or no-due certificates?

      Yes, for PS advances PNB charges Rs. 50 per certificate and for other types of certificates, the charge is Rs. 150.

    2. What are the different methods that can be used by gold loan borrowers to repay their advances?

      Customers can set standing instructions (ECS), issue post-dated cheques and also approach a branch office to make repayments towards their gold loans.

    PNB Gold Loan Reviews

    • Punjab National Bank Personal Loan
      "Good customer service"
      0.5 3.5/5 "Pretty good"
      I have applied for the personal loan from PNB, i am happy that my loan application was approved and the required amount was disbursed. The customer service was good and responsive. There was a bit delay in processing the loan amount, it took one week for the loan amount to get approved. The rate of interest is 13% which is high when compared to all other banks.
      Was this review helpful? 0
      , amritsar
      Reviewed on Oct 21, 2017
    • Punjab National Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I went to Punjab National Bank and tried to apply for the personal loan. They are very straight forward and they said openly that they would provide loans only for the salaried people. I guess the bank is not much interested in providing loans and other services to the people.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 17, 2017
    • Punjab National Bank Personal Loan
      "Personal loan "
      0.5 4.0/5 "Great!"
      Being a loan seeker I had also approached PNB for the same personal loan. The rate of interest offered by them was also very good. They are very much transparent. No hidden cost and service tax. The only downside is they take a lot of time to revert back.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Dec 07, 2016
    • Punjab National Bank Personal Loan
      "PNB is too transparent"
      0.5 5.0/5 "Blown Away!"
      PNB is too transparent with the process, they have mentioned clearly the required set of documents before hand . They promised to deliver the loan within a span of 7 days but to my surprise I got the credit within 5 days. They had given ample of time to arrange for documents. Response time was always good and within 5 days I got the loan amount in my account.
      Was this review helpful? 5
      , jaipur
      Reviewed on Oct 01, 2016
    • Punjab National Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken the personal loan with the Punjab National Bank and the interest rate was around 14% and the loan amount got disbursed within a week of time. Documentation process was very easy with the Punjab National Bank for the personal loan.
      Was this review helpful? 1
      , bhilwara
      Reviewed on Feb 12, 2016
    • Punjab National Bank Personal Loan
      "No response "
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from PNB and they were sending continuous mail stating the application is in process.They are taking two weeks time to process the loan.They have not come for document collection related to the loan. The interest rate applied was good .They have applied interest rate around 11.2% for the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2016
    • Punjab National Bank Personal Loan
      "Can be better"
      0.5 3.0/5 "Satisfactory"
      PNB Bank being a nationalized bank it provides loans only for Government employee. As I am employed in a private school they are not providing loans to the private employees. This loan was taken during hte year 2006 now the personal loan norms has got changed. Moreover the staff approach is not good.
      Was this review helpful? 7
      , dehradun
      Reviewed on Nov 11, 2015
    • Punjab National Bank Personal Loan
      "One should go for it"
      0.5 4.0/5 "Great!"
      PNB Personal loan process is fine. The interest rate offered by them is the least in the market. My salary account is with PNB so I had taken a loan from them. Interest rate offered by them was 13% . Processing fee is very much higher than what I expected. I am very much comfortable with the standing order instruction.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 12, 2015
    • Punjab National Bank Personal Loan
      "Fast processing!"
      0.5 5.0/5 "Blown Away!"
      Within 2 days I got my personal loan amount disbursed with Punjab National Bank, which is really short time. They collected only required documents for the loan application and 10.25% is the interest rate quoted by them. The best thing is foreclosure can be done at any time without any charges.
      Was this review helpful? 2
      , tirunelveli
      Reviewed on Oct 06, 2015
    • Punjab National Bank Personal Loan
      "Special service"
      0.5 5.0/5 "Blown Away!"
      Punjab National Bank has special services from defense employees. I took personal loan from Punjab National Bank 1 year back, my loan was processed in just 2 days tim ewith minum documentation. EMI gets auto debited from my pension account on or before the payment due date. I happy with the services offered.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 17, 2015
    • Punjab National Bank Personal Loan
      "Wright choice "
      0.5 5.0/5 "Blown Away!"
      I got personal loan from PUNJAB NATIONAL bank with 10% for the loan amount of 3 lakhs and for the tenure of 5 years. There is no processing fees also when compared with other banks which is really appreciable. Overall I am very happy with their service rendered to me.
      Was this review helpful? 2
      , guwahati
      Reviewed on Aug 08, 2015
    • Punjab National Bank Personal Loan
      "A Good PSU"
      0.5 4.5/5 "Excellent!"
      I had a very good experience with Pujnab National Bank. I got the personal loan ans the service provided was really good.The verification process was done very fast within a day and I am happy about the same. I found that the interest rate is very low and only minimum processing fee were collected. Bank Staff is good and helpful so it became easy to take a lone. its great to deal with the bank.
      Was this review helpful? 2
      , indore
      Reviewed on Jul 11, 2015
    • Punjab National Bank Personal Loan
      "Awesome bank to deal with is Punjan national. .......... !!"
      0.5 4.0/5 "Great!"
      I found that the interest rate is very low and only minimum processing fee were collected. The documents everything was submitted in the nearest branch. Your staff is great. Kind and helpful!They have helped me out of a bind and provided a loan when no one else would. So much better facilities than ever get it from this bank.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 30, 2015
    • Punjab National Bank Personal Loan
      "Below Average!!"
      0.5 3.0/5 "Satisfactory"
      I availed personal loan long bank from PNB. Initially we have to submitted many documents and it was lengthy paper . The processing time took around 25 days and the interest rate was high. I feel that they have to improved alot since the technology has also improved. Initially it was an average experience.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jun 20, 2015
    • Punjab National Bank Personal Loan
      "lazy"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with Punjab national bank for the rate of interest as 10.15%.The follow up was good.They are not adhere towards the customers.It is the prompt rate of interest and there is no hidden charges.They need to improve the responsiveness and the customer service also.
      Was this review helpful? 3
      , pune
      Reviewed on May 29, 2015
    • Punjab National Bank Personal Loan
      "lazy"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with Punjab national bank for the rate of interest as 10.15%.The follow up was good.They are not adhere towards the customers.It is the prompt rate of interest and there is no hidden charges.They need to improve the responsiveness and the customer service also.
      Was this review helpful? 3
      , chennai
      Reviewed on May 29, 2015
    • Punjab National Bank Personal Loan
      "Expected options was there"
      0.5 4.0/5 "Great!"
      I chose Punjab national bank for their part payment and pre closure options where there is no penalty. I have gone through this company head office and all other conditions is OK and its based on customized scheme. Executive was helpful and cooperative throughout the loan processing. It was a very good services.
      Was this review helpful? 9
      , mangalore
      Reviewed on Jul 21, 2014
    • Punjab National Bank Personal Loan
      "Needs to improve a lot in customer service"
      0.5 3.0/5 "Satisfactory"
      I am holding salary account with Punjab national bank whereas their customer service was quite good. Their on-line banking was not active it seems, dont know. I have just applied for salary transfer . I think they might have some problem. No suggestions from them to improve their service.
      Was this review helpful? 12
      , aurangabad
      Reviewed on Jul 14, 2014
    • Punjab National Bank Personal Loan
      "Fully Satisfied with Service"
      0.5 4.5/5 "Excellent!"
      PNB personal Loan i am fully satisfied, i got loan approval in 3 days, interest rate was very less when compare to other banks, bank manager was very helpful to me, documentation was good they informed me clearly, their was no hidden charges.
      Was this review helpful? 15
      , solan
      Reviewed on Jul 12, 2014
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.