Punjab and Sind Bank Gold Loan

Gold Loan at 7.10%* p.m.

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Punjab and Sind Bank Gold Loan Key Features – Apply Now!

Punjab and Sind Bank Gold Loan Interest Rate 7.10% per annum
Punjab and  Sind Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
Punjab and Sind Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Punjab and Sind Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Punjab & Sind Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Punjab & Sind Bank Gold Loan Repayment Tenure 3 Months to 24 Months
Punjab and  Sind Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About Punjab and Sind Bank Gold Loan

Punjab & Sind Bank is a governmental bank. Its headquarters is in Delhi. The bank is founded on 24th June 1908. Bank provides financial services and banking to the customers. Bank provides Gold Loan, Personal Loan, Car Loan, etc. Customers can use this amount of loan for productive purposes like agricultural/allied and non-productive purposes (medical, educational, marriage purposes, and for other personal needs). Customers can use this amount of loan to establish a new business or to get over any financial crises. Punjab & Sind Bank provides a gold loan under the PSB Gold loan scheme. Gold loan is a very famous product because of its easy accessibility and quick disbursal. The rate of interest is also very reasonable in the gold loan.

What is Gold Loan?

A gold loan is a type of loan where you get a loan against your gold jewelry/gold coins or any other form of gold. You have to give your gold to the bank as a security and you will get a gold loan according to the value of your gold. You will have to give the prescribed amount to the bank in the form of interest and whenever you return back this amount to the bank you will get your gold back. Bank takes full responsibility for your gold.

Why Choose Punjab and Sind Bank Gold Loan 

We prefer a gold loan because within a few minutes the bank approves the loan. The gold that we pledged will be totally safe in the hands of the bank and we you mo need to face lengthy paperwork and other formalities. After evaluation of the gold’s current market value and purity, the bank sanctions us a loan. 

Eligibility Criteria For Punjab and Sind Bank Gold Loan:Punjab and Sind Bank Gold Loan

  1. The age of the applicant should be more than 18 years.
  2. In addition to the maximum period of the applicant can be 65 years.
  3. Furthermore, the applicant must be a citizen of India.
  4. Besides, that applicant should have gold more than 10 grams.

Rate of Interest For Punjab and Sind Bank Gold Loan:

The rate of interest starts at 7.10%. It can change a little bit up or down.

There are no prepayment fees.

Documents Required For Punjab and Sind Bank Gold Loan

  1. There are some documents required for PSB Gold Loan. The process of documentation is very easy and simple.
  2. Identity proof– You can use any of them as identity proof. (Passport/Id card/voter card/driving license)
  3. 3 passport size photos, a passport is needed because a passport has a name, age, address, and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. But the passport should not be expired.
  4. Residence proof- It can be aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months can also be considered as residence proof.
  5. Driving license is regarded as a proof of identity and residence proof because it contains the name, date of birth, and a photograph of the customer. But the condition is that it should not be expired.
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number that is provided to the customers and it prevents financial frauds. So it is also considered as an identity/residence proof. Pan Card is a very essential document under KYC (know your customer) formality.
  8. Ration card is also considered as a residence proof because it provides enough information about the applicant.

Apply for PSB Gold Loan easily on magicloans.in

magicloans.in .com is the best platform to apply for a gold loan because you will get here everything you need. You can know about interest rates, you can easily check whether you are eligible for a gold loan or not. There is no need to visit the home branch or anywhere. You can easily apply online on magicloans.in.The form is very simple and easy to fill. Once you fill the online form you will get a call from our side and get assisted by our experts. They will guide you properly and if you are eligible then your documents will be picked up from your doorstep. The gold loan can easily approve within 10 minutes and disbursed within 45 minutes.

Gold Loan Interest Rate of Major Banks


 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%