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NBP Gold Loan: Easy Cash Against Gold in Pakistan
The National Bank of Pakistan (NBP) Gold Loan is a financing solution designed for individuals who need quick access to funds against their gold ornaments. Whether for education, medical expenses, marriage, or personal needs, this loan provides easy and secure financing. Learn more about NBP Gold Loan Calculator, interest rates, eligibility, and repayment terms.
NBP Gold Loan Interest Rate and Eligibility
- Markup Rate: 13.50% per annum
- Loan Amount: Rs. 35,000 per 10 grams of gold
- Minimum Income Requirement: None
- Loan Tenure: 1 year (with rollover option)
- Early Repayment: No penalty for early payment
- Gold Purity Requirement: Minimum 21 karats
- Processing Fee: Rs. 1,000 only
- Maximum Loan Amount: Up to Rs. 10 million
NBP’s gold loan policy ensures that only gold jewelry or ornaments are accepted as collateral. The weight and quality are assessed by NBP-appointed schroffs.
NBP Gold Loan Calculator: How Much Can You Borrow?
NBP’s Gold Loan Calculator helps estimate the loan amount you can receive based on the gold weight and purity. The bank offers Rs. 35,000 per 10 grams of gold, making it one of the most competitive gold loan options in Pakistan.
Repayment and Rollover Option
- The loan tenure is one year with an option for a rollover upon payment of up-to-date markup.
- Borrowers can repay the loan anytime without extra charges, except for the accrued interest.
Which Bank is Best for Gold Loans in Pakistan?
NBP is among the best banks for gold loans due to its flexible terms and high loan limit of Rs. 10 million. However, other banks like Meezan Bank also offer similar products, and it’s best to compare gold loan interest rates in Pakistan before applying.
Gold Loan Requirements in Pakistan
- CNIC (Computerized National Identity Card)
- Gold ornaments (21+ karats purity)
- No income proof required
- Loan processing fee of Rs. 1,000
What is the Cash Limit for Gold Loans?
There is no maximum limit, but individual loans depend on gold weight and market value. You can borrow up to Rs. 10 million, depending on your gold holdings.
Gold Loan vs. Other Loan Options
Compared to personal loans or business loans, a gold loan offers lower interest rates, faster approval, and no income verification. If you’re considering a gold loan in Pakistan, compare options using a gold loan calculator.
Conclusion: Should You Apply for an NBP Gold Loan?
NBP’s gold loan policy is designed for those who need quick cash without income verification. With competitive interest rates, a high borrowing limit, and easy repayment terms, it is a great choice for securing funds. If you’re wondering which national bank is best for a gold loan, NBP stands out as a top option.
For more details, visit www.nbp.com.pk or call the NBP helpline at 021-111-627-627.
Fahad Munir is a seasoned journalist and editor at Awam PK, specializing in sharing accurate and timely news, job updates, and educational information to the Pakistani audience.
