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HDFC BANK GOLD LOAN 

About HDFC Bank Gold Loan :

HDFC Bank is an Indian banking and financial services company. It was established in 1994 and their headquarters at Mumbai. It is one of India leading private banks. HDFC Bank offers a wide range of financial products and banking services to customers. A loan which can be taken against Gold is Gold Loan. This Gold loan is a secure loan in which the person or a customer is going to take this loan against gold ornaments in India. This will be kept in gold loan companies/ banks where in return they will give you the loan amount. That amount will depend upon the present market value of the gold.

HDFC Sampoorna Bharosa loan is a scheme designed for applicants who wish to fulfill their emergency financial needs with quick funds against gold jewelry. The bank accepts gold jewelry up to 500 grams. It even accepts bank-purchased gold coins as collateral. The gold purity must be between 18 carat and 22 carat. HDFC Bank provides attractive Gold Loan offers and deals with quick disbursement.

Benefits of HDFC Bank gold loan :

  • With less paperwork 

  • Loan amount can be used in any manner that customers want.

  • The loan gets quickly approved within 45 minutes without any delay.

  • No pre-payment charges involve 

  • No hidden charges involve throughout the loan tenure

Interest rate & Fee and charges of HDFC Bank Gold Loan :

TYPE 

CHARGES

Loan Amount

Rs.10,000-Rs.50 lakh

Loan Tenure

3 to 24 months

Interest Rate

11% - 16% 

Processing fee

1.5% + GST

Valuation fee 

Rs.250 for loan upto Rs.1.5 lakh and Rs.500 for loan over and above Rs1.5 lakh

Foreclosure charges

2% plus GST foreclosure charges if closed within 3 months and after 3 months NIL foreclosure charged

Charges of late payment of loan amount 

2% p.a. over and above applicable rate of interest 

Stamp duty and other statutory charges

As per applicable laws of the state

Renewal processing fee

Rs.350 plus GST

Eligibility criteria for HDFC Bank gold loan :

1. Anyone over the age of 21 to 65 and owns gold ornaments can avail gold loan facility from HDFC bank

2. Customer can pledge their gold necklace, chain, ring, solid bangles, mangalsutra, and Gold coin/biscuits to avail gold loan from HDFC bank

3. Purity of eligible gols is 18 karat to 22 karat gold

4. Applicants should have sufficient income to repay the loan amount.

Documents required for HDFC Bank gold loan :

1 Signed application form 

2. 2 passport size photographs

3. ID proof : Aadhar card, PAN card, Voter id, passport

4. Address proof : Aadhar card, Voter id, Passport, Utility bills

5. Post disbursement documents (If any)

Check other bank Gold loan interest rates: 

BANKS

Interest Rate

AXIS Bank Gold Loan

14.50% to 17%

HDFC Bank Gold loan

11% to 16%

Kotak Mahindra Bank Gold Loan

10.50% to 17%

Yes Bank Gold Loan

11.25% to 16.25%

ICICI Bank Gold Loan

10.00% to 19.76%

RBL Bank Gold Loan

Starting at 10.75%

IndusInd Bank Gold Loan

10.50% to 16.00%

Canara Bank Gold Loan

Starting at 13%

Punjab National Bank Gold Loan

10.05% to 11.05%

Other products of HDFC Bank :

1. HDFC Bank Car Loan

2. HDFC Bank Business Loan 

3. HDFC Bank Credit Card

4. HDFC Bank Used Car Loan 

How to apply for HDFC Bank Gold loan :

1. Offline method : By visiting the nearest bank branch.

2. Online Method :

  • First of all Browse to HDFC bank web portal

  • Now  click on “personal” section

  • Now go “Borrow” section 

  • After that click on “Gold Loan” 

  • Fill the application form and submit it

How to contact with HDFC Bank :

1. By customer care contact number : 01416160616

2. By customer care Email id : customerservices.loans@hdfcbank.com

Financials products offered by Bank :

BUSINESS LOAN

 

CAR LOAN

COMMERCIAL LOAN

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN

HOME LOAN

LOAN AGAINST PROPERTIES

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

HDFC Bank Gold Loan Frequently asked Questions :

1. What is HDFC Bank Gold Loan?

HDFC Bank Gold Loan is a loan scheme that you can avail for urgent monetary help by keeping your gold as a collateral security with the bank. HDFC Bank Gold Loan comes with attractive interest rates on Term Loan, Overdraft, and EMI based loan. You get your loan amount in 45 minutes

2. What is the Gold Loan interest rate in HDFC bank?

Gold Loan interest rates start at 11% to 16% per annum. The rate of interest depends upon a number of factors, namely: loan amount, loan tenure, purity of gold, and relationship with HDFC bank. 

3. How to apply for Gold Loan in HDFC Bank?

You can apply for Gold Loan in HDFC bank by simply walking into the nearest Gold Loan offering bank branch with your gold ornaments and documents or you can also apply online for gold loan in HDFC Bank.

4. How much charges apply from HDFC Bank gold loan for late payment of loan amount?

2% per annum  over and above the applicable rate of interest charges apply from HDFC Bank gold loan for late payment of loan amount.

5. What is the minimum and maximum loan amount provided by HDFC Bank gold loan?

The minimum loan amount is Rs.10000 and the maximum loan amount is Rs.50 lakh provided by HDFC Bank gold loan.

 

 

 

Last Updated on : 08/Nov/2020

Know More About

Hdfc Bank Gold Loan

You're eligible for a Hdfc Bank Gold Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Gold Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Hdfc Bank Gold Loan Interest Rates

Updated on 25 Nov 2017

Hdfc Bank Gold Loan Details
Interest Rate (Monthly reducing balance) 11% - 16%
Processing Fees 1.5% + GST
Loan Tenure 2 year to years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Gold Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959