Why Punjab National Bank Gold Loan?
It is a state-owned corporation National bank in India. It is a bank which provides all services like banking and financial services to all the customers. Punjab National Bank provides different loans like personal loan, gold loan, business loan, education loan and agriculture bank. Punjab National bank provides high funding to the customers. It is ranked best in India. Punjab National Bank offers a low rate of interest. If Gold is lying in your safe at your home and if you need immediate funds for the personal need, wedding parties, or any medical emergency etc. Then you can use Gold and provide it the safest place.
Different Gold ornaments accepted by the Punjab National Bank
Jewelry such as Gold Bangles, Gold Rings, Gold Necklace and many more. Gold ornaments like Gold bar, Gold biscuits, and Gold coins are acceptable. Gold having a purity of Gold 18karat-22karat.
Advantages of Punjab National Bank Gold Loan
- Punjab National Bank Gold Loan offers a Low rate of interest for the benefit of customers.
- This Bank requires minimum documentation.
- It also offers Instant approval and quick disbursals.
- Moreover, it also provides safe and secure custody to your Gold.
- Uniquely it also offers an easy processing.
- Additionally offers nil processing fees to the customers.
Age of an Applicant must be more than 18 and up to 65 years
Applicant should have a stable source of income.
Applicant must be a citizen of India having Gold Purity of 18karat-24karat
The Documents need to submit to Punjab National Bank for the approval of Gold Loan must be KYC basic Documents. Following are the documents required. Among them, one is required in identity proof and one of Adress proof
- Identity proof: PAN Card, Driving License, Passport, Voter’s ID Card, Aadhar Card
- Address proof: Voter’s ID Card, Aadhar Card, Rent Agreement, Utility Bills, Bank Statement
These are already verified documents so need to submit at the time of approval of Gold a Loan.
Processing charges and Rate of Interest
Punjab National Bank charges minimum processing fees of 0.70% of the loan amount and it also includes taxes.
Punjab National Bank charges include prepayment of the gold loan and charges are nil over there.
How to Apply for Punjab National Bank Gold Loan?
It is very easy to apply for the Gold loan in Punjab National Bank. There are two methods through which you can apply one is online and another is offline. In offline processing, you have to visit the branch of Punjab National Bank. There you will be provided with an application form and you have to fill in your information. From filing up of an application form until the sanctioning of loan you have to visit the bank. But in case of online processing, you need to visit the site that is bookmyloans.com. There you have to fill the form. Immediately after that, a customer representative of Punjab National Bank will contact you confirm some of your details and let you know your eligibility and fix your appointment with the Banker. The banker will come to your doorsteps to collect the documents. After that, you just need to visit the bank with the gold once. If you still have any doubt you can call a customer representative or can visit the site. So apply now on magicloans.com and get cash back and lowest interest rate.