Gold Loan Interest Rate in Punjab National Bank

Hello sir I am Raman and want to apply for Gold Loan in Punjab National Bank and I am here as I want to know what is the Interest Rate for this Loan so please tell me??

[Pathak]

Punjab National Bank is one of the leading banks in India. It is the largest nationalized bank in the country with a large network of branches and ATMs. They provide a large array of financial products to the customers

Features of Gold Loan of Punjab National Bank

-Loan Amount: A maximum amount of Rs.10,00,000 can be availed.

-EMI options: Hassle free payment of EMIs.

-Instant liquidity: Enjoy liquidity of cash at any time. Generate instant cash in time of need.

-Security: The customer can rest assured that their gold is in safe hands.

-Interest Rates: Individual can get the advantage of lower interest rates for this loan.

-A person can also apply for Gold Finance on Agricultural Land on their name and get a discount of 1% on the interest rate charged.

Loan Tenure / Period: 12 months

Rate of Interest (p.a.): 13 % to 16 %

Documents Required for Gold Loan

-Proof of Identity: Passport Copy/ Voters ID card/ Driving License.

-Address Proof:: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.

-Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.

-2 passport size photographs.