Gold Loan provided by HDFC Bank is a secured loan where you can borrow money against your gold jewelry as collateral with the bank. The loan is provided after proper evaluation of the gold article. The amount of loan will depend upon the present market value of gold. With HDFC Gold Loan, you can get up to 80% of the market value of your gold as a loan within 45 minutes.
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 carats and 22 carats. HDFC Bank provides attractive Gold Loan offers and deals with quick disbursement.
HDFC Gold Loan comes with an interest rate starting at 9.50% per annum and loan amount starting from as low as Rs. 25,000, offering a repayment tenure of up to 2 years.
| Particulars | Details |
| Interest Rate | Starting from 9.50% |
| Loan Amount | Loans starting at Rs.25,000 (Minimum loan amount of Rs.10,000 available in rural markets) |
| Loan Tenure | Up to 2 Years |
| Processing Fee | 1.5% + GST |
| Collateral | Loan against security of your gold item |
| TYPE | CHARGES |
| Loan Amount | Rs.10,000-Rs.50 lakh |
| Loan Tenure | 3 to 24 months |
| Interest Rate | Starting from 9.50% |
| Processing fee | 1.5% + GST |
| Valuation fee | Rs.250 for a loan up to Rs.1.5 lakh and Rs.500 for a 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 the applicable rate of interest |
| Stamp duty and other statutory charges | As per applicable laws of the state |
| Renewal processing fee | Rs.350 plus GST |
| CRITERIA | DETAILS |
| Age | Anyone over the age of 21 to 65 |
| Nationality | Resident India |
| Occupation | Salaried, Self-Employed, Businessman, Students, Pensioners, Housewives, etc. |
| Gold Purity | The purity of gold should be between 18 karats to 22 karats |
| List Of Documents |
|
| 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% |
HDFC Credit Card 24*7 Toll-free Number
24x7 Credit Card Customer Care Numbers (City-Wise)
| Ahmedabad | 079 61606161 |
| Bengaluru | 080 61606161 |
| Chandigarh | 0172 6160616 |
| Cochin | 0484 6160616 |
| Chennai | 044 61606161 |
| Delhi/NCR | 011 61606161 |
| Hyderabad | 040 61606161 |
| Indore | 0731 6160616 |
| Jaipur | 0141 6160616 |
| Kolkata | 033 61606161 |
| Lucknow | 0522 6160616 |
| Mumbai | 022 61606161 |
| Pune | 020 61606161 |
Other Loans Offered by HDFC Bank
FAQs On HDFC Gold Loan
No, the EMI amount payable should be either multiple of your current EMI or equivalent to the total EMI due.
HDFC Gold Loan has a flexible repayment option ranging from 3 months to 2 years.
2% per annum over and above the applicable rate of interest charges apply from HDFC Bank gold loan for late payment of loan amount.
Yes, this loan can be used only for personal/business use, with HDFC prohibiting the use of this loan to purchase gold, land, or market speculations.
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 : 18/Mar/2021Know More About
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
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