Punjab National Bank introduces PNB Digital Gold Loan for hassle-free credit access

Banking & Finance

Punjab National Bank (PNB) launched PNB Digital Gold Loan Scheme. The digital loan solution, launched during the Bank's Digital Mahotsav event, aims to provide hassle-free loans to customers to quickly meet their personal and agricultural loan requirements by using gold jewelery and/or jewelery as collateral. . Both the schemes have been named PNB Gold Loan for the retail sector and PNB Swarnim for the agricultural sector. PNB Digital Gold Loan Scheme allows individuals to borrow amounts ranging from Rs 25,000 to Rs 25 lakh for personal needs. Borrowers seeking short-term production and/or investment loans for agricultural activities, such as crop production, land-based activity other than crop cultivation, irrigation and allied agricultural activities are eligible for loans ranging from a minimum of Rs 10,000 to a maximum of Rs 2,000. A key feature of PNB Digital Gold Loan is its streamlined digital process, covering everything from loan application, loan approval to loan account opening, security creation, documentation and disbursement, eliminating the hassle of paperwork. ​


     

     

     

 

     


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