PNB Gold Loan Interest Rate: Slab Pricing, Decoded

PNB prices gold loans across an indicative 8.75%–9.25% band — and the single biggest lever is how much of your gold's value you draw: lower LTV, lower rate. Per ₹1 lakh borrowed, the monthly interest runs from ₹729 at the floor to ₹771 at the top slab.

Figures on this page are indicative and for comparison only — BankCreds is not a lender; confirm current rates, charges and eligibility with the bank or NBFC before applying.

Slab pricing at PNB, decoded

Think of PNB's 8.75%–9.25% spread as an LTV dial rather than a negotiation range: turn your drawdown lower and the rate follows, mechanically.

You draw (of value)Indicative rate*Monthly / ₹1 lakh
Up to ~55–60%8.75%₹729
~60–70%9%₹750
Max (75% cap)9.25%₹771

*Indicative framing of PNB's 8.75%–9.25% band; actual scheme boundaries vary. Verify at branch — the KFS binds.

The per-lakh column converts rates into grocery-math: ₹5 lakh drawn at PNB's floor slab carries ₹3,645 of monthly interest; the same at the top slab, ₹3,855. If your gold comfortably covers the need, "quote me a lower-LTV scheme" is the cheapest sentence in gold borrowing.

Drawn@8.75%/mo@9%/mo@9.25%/mo
₹2 lakh ₹1,458 ₹1,500 ₹1,542
₹5 lakh ₹3,645 ₹3,750 ₹3,855
₹10 lakh ₹7,290 ₹7,500 ₹7,710

The ladder against neighbours

LenderFloorCeilingMonthly/₹1L at floor
PNB8.75%9.25%₹729
SBI 8.75% 9.6% ₹729
Indian Bank 8.8% 9.5% ₹733
Union Bank 8.65% 9.9% ₹721

Read floors against floors: a lender whose ceiling scares you may still hold the sharpest low-LTV slab. PNB's position above is one input; your appraisal and scheme pick decide the rest.

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PNB gold loan — FAQs

Why does PNB charge different gold-loan rates on different schemes?
Each PNB scheme sells a different margin of safety: draw 55–65% of your gold's value and the thick cushion earns you rates near 8.75%; insist on the full 75% advance and the thin cushion prices toward 9.25%. The board isn't inconsistent — it's a menu of that single trade.
What does a PNB gold loan cost per month per ₹1 lakh?
Take the rate, divide by twelve, apply to each lakh: PNB's 8.75% floor works out to ₹729/lakh/month and its 9.25% ceiling to ₹771. The table above does this for ₹2–10 lakh so the counter can't do it to you.
Are PNB's advertised gold-loan rates guaranteed?
They're indicative by design — compiled from PNB's public grids and market reporting, and subject to scheme and ticket. RBI's KFS requirement is your protection: the exact rate, APR and every charge must reach you in writing before you accept, and that sheet is the only version that counts.
Can I move my gold loan from PNB to a cheaper lender later?
Freely — nothing locks a gold pledge to PNB beyond the dues: clear, release, re-pledge cheaper the same day (branches see the move weekly and some offer takeover flows). Budget the second round of appraisal and stamp charges, and make the switch when the saving is measured in percentage points.
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Disclaimer: BankCreds.com is a loan comparison platform and does not directly lend, disburse, or provide any financial products. We aggregate and display loan offers from RBI-registered banks and NBFCs to help you make an informed decision. All loan applications are processed directly by the respective lender. Interest rates, charges, eligibility, and terms shown are indicative and subject to the lender's final assessment. Please read the lender's terms and conditions carefully before applying.