Punjab Gramin Bank Gold Loan Key Features – Apply Now
| Punjab Gramin Bank Gold Loan Collateral | Gold ornaments |
| Punjab Gramin Bank Gold Loan Gold Loan per gram |
varies depending on the purity of gold
|
| Punjab Gramin Bank Gold Loan Age of Borrower | 18 – 70 years |
| Punjab Gramin Bank Gold Loan Maximum Loan Amount | Up to 10 lakhs |
| Punjab Gramin Bank Gold Loan Maximum Loan to Gold Value Ratio | Up to 70% |
| Punjab Gramin Bank Gold Loan The purity of Eligible gold | 18 carat to 22-carat gold |
| Punjab Gramin Bank Gold Loan Loan Tenure | 6 to 60 months |
Punjab Gramin Bank Gold Loan Interest Rate
In general Loan on Gold, credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold Loan Interest Rate is less than that of a personal loan or any other kind of loan. Though the Gold loan rate keeps on changing with the passage of time as well as person to person. Punjab Gramin Bank Gold Loan is available at a 1% per month interest rate.
| Gold Loan Rate | 7.25% per annum |
| Repayment Scheme |
Bullet Repayment Scheme, Overdraft Scheme
|
| Prepayment Charges | 0 – 2 %. |
| Service Charges | variable |
| Document Charges | variable |
| Gold Valuation Charges | variable |
| Processing Fee | 0.85%. |
Punjab Gramin Bank Gold Loan Per Gram – Jan 2021
Updated - Gold Loan Per Gram Rate w.e.f Jul 27 2024 |
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| Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold Purity 18 Carat |
| 1 gram | 4621 | 4290 | 3900 | 3510 |
| 10 gram | 46210 | 42900 | 39000 | 35100 |
| 20 gram | 93600 | 85800 | 78000 | 70200 |
| 30 gram | 140400 | 128700 | 117000 | 105300 |
| 40 gram | 187200 | 171600 | 156000 | 140400 |
| 50 gram | 234000 | 214500 | 195000 | 175500 |
| 100 gram | 468000 | 429000 | 390000 | 351000 |
| 200 gram | 936000 | 858000 | 780000 | 702000 |
| 300 gram | 1404000 | 1287000 | 1170000 | 1053000 |
| 400 gram | 1872000 | 1716000 | 1560000 | 1404000 |
| 500 gram | 2340000 | 2145000 | 1950000 | 1755000 |
About Punjab Gramin Bank Gold Loan
Punjab Gramin Bank (PGB) is sponsored by Punjab National Bank (PNB) a pioneer banking institution in the country. PGB has come into existence after the amalgamation of three RRBs, i.e., Punjab Gramin Bank, Malwa Gramin Bank, and Sutlej Gramin Bank. Punjab Gramin Bank has most of its branches in rural areas is playing a significant role in the uplifting living standard of rural people by providing various types of deposits and loan schemes and is committed to inclusive growth.
PGB is Committed to Rural Development. The bank is presently having its operations in more than 400 branches across 22 districts of Punjab and is operating on fundamentally sound and robust banking operations. The bank provides financial services to people like personal loans, Loans against Gold, and Loan against property and many more.
Punjab Gramin Bank Gold Loan Advantages
- The bank takes complete responsibility for your gold jewellery and gold coins. Your gold is safer in the bank than with you.
- The loan process takes just 30 minutes at the maximum
- The bank provides an overdraft facility, enabling the customers to fulfil their liquid cash demands at any time.
- Since a gold loan is secured, you can get it at just a 1% interest rate a month.
- The bank charges only a minimal fee for processing, gold valuation and prepayment.
- The gold loan doesn’t require you to have a minimum income or a credit history.
- A gold loan offers many repayment options.
- You can repay a gold loan online.
- Punjab Gramin Bank charges the borrower up to 2% of Principal Outstanding during Foreclosure of Gold Loan per gram.
Punjab Gramin Bank Gold Loan Eligibility
| Age | 18-70 years of age |
| Nationality | Indian |
| Employment Status |
Salaried, Self-Employed
|
|
Gold Quality, Quantity
|
Minimum 18 Carats, minimum 10 grams
|
| Requirements |
Gold ornaments (18-22 carats)
|
| CIBIL score | Above 500 |
Punjab Gramin Bank Gold Loan at Home
Gold Loan at Home is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You may use the gold loan calculator to calculate the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.
One of our representatives will contact you and arrive at your home within 30 minutes. The appropriate gold loan amount will be paid immediately to your bank account when all e-documentation and gold identification is completed at your home.
The benefits of getting a gold loan at your doorsteps are:
- Diverse Range of Gold Loan Schemes
- Your Gold will just be released the same day.
- You can get free insurance for your Gold
- There are no hidden fees.
- You will get the maximum value of your Gold
- Service at Your Door in 30 Minutes
Punjab Gramin Bank Gold Loan Documentation
| Photographs |
2 Passport-Sized latest coloured photos
|
| Identity Proof |
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
|
| Residence Proof |
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
|
|
Agricultural Land Proof
|
Required only if the Loan is taken for Agricultural Purpose. In the case of Agriculture Loan on gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
|
| Demand Promissory Note |
Certificate by the Jewel Appraiser (Bank will arrange)
|
Punjab Gramin Bank Gold Loan Process
The bank checks the purity of the gold.- The bank verifies the market rate for gold and the price of the previous day is take into consideration
- The LTV (Loan to Value) set by the RBI is 70%.
- If you have acknowledged the Gold loan amount and terms, the lender processes the application. The processing fees & other charges are deducted from your Gold loan amount.
- After signing the agreement, the loan amount is disbursed to your account.
Punjab Gramin Bank Gold Loan EMI Calculator
|
Rate of Interest
|
6 months | 1 Yr | 2 Yrs | 3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
Punjab Gramin Bank Gold Loan Apply Online
- Visit Dialabank
- Click on ‘gold loan’ among the loan options.
- Fill in your details.
- Click on Apply now.
For more information call us on 9878981144.
Uses of Punjab Gramin Bank Gold Loan
Proceeds from receiving the Punjab Gramin Bank Gold Loan service can be used for many purposes such as:
- Funding any personal expenses such as marriage, travel, higher tuition fees, etc.
- For all the needs of your business, such as buying raw materials, expanding the business, etc.
- You can also even avail yourself of a Gold Loan for agricultural purposes. The Bank offers low-interest rates on Gold Loans for agricultural or joint ventures.
Punjab Gramin Bank Agricultural Jewel Loan Scheme
| Scheme | Punjab Gramin Bank Agricultural Jewel Loan Scheme |
| Interest Rate | Starting at 7.25% per annum |
| Least amount of Loan | Depends on the value of the jewel |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
Benefits of Punjab Gramin Bank Agricultural Jewel Loan Scheme
- For 0.30% of the loan amount, a Minimum of ₹ 300 is charged ranging from more than ₹25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 applicable on more than Rs.5 lakh and less than Rs.1 crore
Punjab Gramin Bank Gold Loan Overdraft Scheme
Simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Punjab Gramin Bank is provided, it gives you an online way to get your own overdraft over gold. You do not need to visit the Punjab Gramin Bank branches and go through a boring process. Just log in to the Punjab Gramin Bank online banking portal and from there you can fill out a simple form and get an overdraft under your name.
FAQ’s About Punjab Gramin Bank Gold Loan
✅ What is Punjab Gramin Bank Gold Loan?
Punjab Gramin Bank Gold Loans is the answer to all your urgent financial needs. You can avail of Gold Loans from Punjab Gramin Bank at attractive interest rates. All you need to do is bring your gold for valuation in the nearest branch and upon agreement of loan terms, the amount will be given to you.
✅ How much Gold Loan can I get per gram in Punjab Gramin Bank?
The Punjab Gramin Bank Gold Loan per gram amount varies according to the purity of your pledged gold and current market gold rates. On average, this loan amount starts at ₹ 3,800 to ₹ 4,350 for 1 gram of gold.
✅ What is the Gold Loan interest rate in Punjab Gramin Bank?
The rate of Interest charged by the Punjab Gramin Bank Gold Loan depends upon the amount of the loan that is to be borrowed and is less than the rate charged on a personal or home loan as it is a fully secured form of the loan. The bank also charges low processing fees and no documentation charges. The interest rates usually start from 7.25% per annum
✅How to pay Punjab Gramin Bank Gold Loan online?
You can easily pay your Punjab Gramin Bank gold loan online through Standing Instructions on your account for automatic deductions in the form of EMIs. For further information, visit the nearest branch of the bank providing the Gold Loan service.
✅ How to apply for Gold Loan in Punjab Gramin Bank?
You can apply for a Punjab Gramin Bank gold loan by visiting the nearest branch with your gold ornaments. Applying online for the loan is also very facile and can be done without any hassle through the bank’s website or through the Dialabank website.
✅ How to renew Punjab Gramin Bank Gold Loan online?
You can renew your Punjab Gramin Bank gold loan by visiting the branch and contacting the loan officer in charge of your file for further details on this matter. You can also call the customer care executive on their toll-free helpline number.
✅ How to take Gold Loan from Punjab Gramin Bank?
To take a Punjab Gramin Bank gold loan you will be required to visit the nearest bank branch with your gold and some basic documents. Once you accept the bank’s offer and sign the agreements, your loan will be sanctioned.
You can also apply online with Dialabank and compare the Gold Loan offers from different banks and finance companies. Dialabank assists you through the entire loan process.
✅ How to check Punjab Gramin Bank Gold Loan status?
You can check the status of your Punjab Gramin Bank gold loan by emailing the bank’s executive and asking them about your application or by visiting the branch and meeting the loan officer. In most cases, the disbursal of the amount is done on the same day of the approval of the application.
✅ What happens if someone defaults on Punjab Gramin Bank Gold Loan?
If someone fails to pay the Punjab Gramin Bank gold loan amount due for the loan on or before the due date, the bank charges a penal fee, and if these defaults are continuous, the bank has the right to publically auction your gold to recover the amount.
✅ How can I apply for the EMI moratorium on the Punjab Gramin Gold loan?
You can apply for a Punjab Gramin Bank gold loan EMI moratorium if you want a ‘repayment holiday’. Applying for a moratorium is extremely easy and you can do it by visiting the bank branch or its website.
✅ What is the Punjab Gramin Bank Gold Loan customer care number?
For contacting the Punjab Gramin Bank Gold loan customer care just dial 9878981144.
✅ What is the Punjab Gramin Bank Gold Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Punjab Gramin Bank Gold loan account.
- Pay the pre-closure charges as per Punjab Gramin Bank Gold Loan.
✅ What is the Punjab Gramin Bank Gold Loan preclosure charge?
Up to 2% of Principal Outstanding if done before 3 months, zero after 3 months.
✅ What is the Punjab Gramin Bank Gold Loan overdraft scheme?
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Punjab Gramin Bank is provided, it gives you an online way to get your own overdraft over gold. You do not need to visit the Punjab Gramin Bank branches and go through a boring process. Just log in to the Punjab Gramin Bank online banking portal and from there you can fill out a simple form and get an overdraft under your name.
✅ What is the Punjab Gramin Bank Gold Loan maximum tenure?
The maximum tenure of the Punjab Gramin Bank Gold loan is 36 months.
✅ What is the minimum gold loan tenure for Punjab Gramin Bank?
The minimum gold loan tenure is 6 months.
✅ What is Punjab Gramin Bank Foreclosure Charges?
Punjab Gramin Bank charges the borrower up to 2% of Principal Outstanding during Foreclosure of Gold Loan
