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PNB Introduces Digital Gold Loan for Hassle-Free Credit Access

Published on November 18, 2023
Current Context: Punjab National Bank (PNB) has introduced a Digital Gold Loan. This service is designed to provide a hassle-free credit to customers to quickly meet their personal as well as agriculture credit requirements against the pledge of Gold Jewellery/ornaments.
PNB Introduces Digital Gold Loan for Hassle-Free Credit Access
  • An individual can apply for a PNB Digital Gold Loan for their personal needs for an amount ranging from a minimum Rs 25,000 to maximum Rs 25 lakhs.
  • The PNB Gold Loan Rate of Interest is 7.25% per annum.
  • The age requirement is at least 18.
  • Anyone who has gold jewellery, coins, or ornaments that the bank needs to mortgage is eligible.
  • The borrower’s fixed payback period may last up to 12 months. Every month, interest will be deducted from the account, but at maturity, it will also become an outstanding payment along with the principal. The repayment can be accomplished by a bullet payment, in which the principal and interest are paid together at maturity.
  • This digital lending solution was launched during the bank’s Digital Mahotsav event.


Q.1 What is the minimum and maximum loan amount for the PNB Digital Gold Loan?
a. Rs 10,000 to Rs 20 lakhs
b. Rs 25,000 to Rs 25 lakhs
c. Rs 50,000 to Rs 50 lakhs
d. Rs 1 lakh to Rs 1 crore

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