PNB Gold Loan - Interest Rates, Eligibility & Documents

Quantum of finance 

Minimum loanamount:Rs. 0.25 lakhMaximum loan amount: Rs.25.00 lakh 

Maximum loan amount: Rs.10.00 lakh per borrower. 

Nature of facility 

Demand loan(DL)Bulletrepaymentperiod:Maximum 12 months.EMIbasedrepaymentperiod: Maximum36 months.Overdraft - The overdraft facility will be sanctioned for a period of 12 months only subject to annual review. 

Demand Loan: With one year tenor. 

Security 

Pledge of gold jewellery or ornaments. 

Margin 

DL – Bullet:Margin of 32% TL – EMI:Margin of 28% OD: Margin of 28% 

Demand Loan (Agriculture) – 15% 

Repayment 

Demand Loan (Bullet Repayment):Maximum repayment period of 12 months Term Loan – EMI Based:Maximum repayment period of36 monthsOverdraft (OD) Facility: Maximum repayment period of 36 months, subject to annual review 

Repayment: 12 months from the date of disbursement. 

Disbursement 

The demand loan amount is credited directly to the borrower’s savings or current account, whether held with the same bank or another bank. 

Nocashdisbursementof loan amounts. The loan proceedsare credited directly to the borrower’s Savings Account, KCC account, or savings account held with another bank. 

Up to Rs.10 lakh: 8.95% Above Rs.10 lakh: 9.00 % 

Up to Rs.2.50 lakh: 8.50% Above Rs.2.50 lakh: 8.75% 

ProcessingorUpfront Fee:0.30% of loan amountplusGST(Goods and Services Tax)or Rs. 500plusGST, whichever is higher.Note: Zero documentation charges 

Upfront FeeUptoRs.50,000:NILAbove Rs.50,000anduptoRs.2 lakh: Rs.500plusGSTAbove Rs.2 lakh:0.30% of the loan amountplusGSTNote: Zero documentation charges 

Valuation Charges:Rs 3.00 per thousandplusGST Note: Up to Rs.5 lakh:Maximum Rs. 500.00plusGSTAbove Rs.5 lakh: Rs.1000 plus GST  

An individual person who is a resident of India. 

All farmersIndividualsor agriculturalentrepreneurs includingtenant farmers,orallesseesandsharecroppers.Note: The activity will be classified under agriculture if any person is engaged in any agriculture or allied activities as well as persons engaged in activities permitted by RBI.