How to Apply for PNB Gold Loan (PNB Swarnim & Non-Agri Gold Loan Scheme 2025)
Punjab National Bank (PNB) offers various Gold Loan Schemes for both agricultural and non-agricultural purposes. These schemes help customers meet their short-term financial needs by pledging gold jewellery or ornaments. The major variants include PNB Swarnim (Agri Gold Loan), Non-Agri Retail Gold Loan, and Advance Against Sovereign Gold Bonds (SGB).
1. Purpose / Objective
Non-Agri (Retail) Gold Loan: For meeting personal or emergency needs such as medical expenses, marriage, education, or other unforeseen expenses.
PNB Swarnim (Agri Gold Loan): To meet short-term production or investment credit for crop cultivation, allied agriculture activities, acquiring farm machinery, horticulture, irrigation equipment, or repayment of non-institutional loans.
Advance Against Sovereign Gold Bonds (SGB): To avail funds by pledging Sovereign Gold Bonds held in demat form for individuals, trusts, HUFs, or charitable institutions.
2. Eligibility
Non-Agri Gold Loan: Indian residents above 18 years holding gold ornaments.
PNB Swarnim (Agri Gold Loan): Farmers, agri-entrepreneurs, tenant farmers, oral lessees, sharecroppers, and persons engaged in allied agriculture activities.
Advance Against SGB: Any Indian resident (individual or jointly) including Trusts, HUFs, and Universities holding Sovereign Gold Bonds.
3. Loan Amount
Non-Agri Gold Loan: Minimum ₹25,000 – Maximum ₹25 lakh (up to ₹10 lakh per borrower).
PNB Swarnim (Agri Gold Loan): Minimum ₹50,000 – Maximum: Need-based as per requirement.
Advance Against SGB: Based on the face value of Sovereign Gold Bonds pledged.
4. Tenure / Repayment Period
Non-Agri Gold Loan:
• Demand Loan (Bullet Repayment): Up to 12 months.
• Term Loan (EMI based): Up to 36 months.
• Overdraft Facility: Up to 36 months, subject to annual review.
PNB Swarnim (Agri Gold Loan): Demand Loan with 1-year tenure.
Advance Against SGB: Tenure till maturity of the bond (up to 8 years or residual period of the SGB).
5. Security / Collateral
Non-Agri & PNB Swarnim: Pledge of gold jewellery or ornaments.
Advance Against SGB: Lien/pledge of Sovereign Gold Bonds held in demat form.
6. Margin Requirement
• Non-Agri (Retail) Gold Loan – DL: 32%, TL/OD: 28%
• PNB Swarnim m (Agri Gold Loan): 15%
• Advance Against SGB: Individuals 25%, Others 40%
7. Interest Rate (ROI)
• Non-Agri Gold Loan: RLLR + BSP (Currently ~8.35%)
• PNB Swarnim (Agri Gold Loan): Up to ₹2.5 lakh – RLLR + BSP – 0.10% (≈8.25%); Above ₹2.5 lakh – RLLR + BSP (≈8.35%)
• Advance Against SGB: RLLR + BSP (≈8.35%)
8. Charges
Processing Fee / Upfront Fee:
• Up to ₹50,000 – Nil
• ₹50,000–₹2 lakh – ₹500 + GST
• Above ₹2 lakh – 0.30% of loan amount + GST
Valuation Charges: ₹3 per ₹1,000 (max ₹500 + GST up to ₹5 lakh); ₹1,000 + GST above ₹5 lakh.
Documentation Charges: Nil
9. Disbursement Method
Loan amount is credited directly to the borrower’s savings or current account (no cash disbursement). For agriculture loans, credit is made to the KCC or savings account linked to the borrower.
10. How to Apply for PNB Gold Loan
Step 1: Visit the nearest Punjab National Bank branch.
Step 2: Fill in the gold loan application form with necessary details.
Step 3: Submit required documents and gold ornaments for valuation.
Step 4: After verification and approval, the loan amount will be credited to your account.
11. Required Documents
• Identity Proof – Aadhaar, PAN, Passport, or Voter ID
• Address Proof – Utility bill, Passport, or Rent agreement
• Passport-size photographs
• For agriculture loans – Proof of landholding or agricultural activity
Disclaimer: The above details are indicative and subject to change as per bank policy. Please visit the official Punjab National Bank website or your nearest branch for updated rates and terms.
