HDFC Bank provides Gold Loans starting from Rs 25,000, with repayment periods of up to 42 months. In rural areas, the minimum loan amount is Rs 10,000. HDFC Bank disburses Gold Loans within 45 minutes and offers triple-layer security for the pledged gold. The bank also provides overdraft, EMI-based repayment, and bullet-repayment options to Gold Loan borrowers.
| HDFC Bank Gold Loan Highlights | |
|---|---|
| Collateral | Pledge your gold ornaments and jewelry as collateral. |
| Processing Fees | 1% of disbursal amount |
| Pre-closure Charges | 1% on the outstanding principal |
| Valuation Charges | Up to Rs 575 |
| Gold Loan Processing Time | within 45 minutes of application. |
| Gold Loan Repayment Facility | Term Loan, Overdraft and Bullet repayment facility |
| Loan Tenure | From 6 months to 42 months |
| Loan Amount | Rs.25,000 onwards (Rs.10,000 onwards in case of rural markets) |
HDFC's Gold Loan interest rates vary based on factors such as loan tenure, amount, borrower, and quality of gold. Present rates range between 8.50% to 15.97% per annum.
Also read: Best Gold Loan Interest Rate
| Bank/NBFC/Fintech | Interest Rate | |
|---|---|---|
| State Bank of India | 8.75% p.a. onwards | Apply Now |
| Axis Bank | 17% - 19% p.a. onwards | Apply Now |
| Punjab National Bank | 9.25% p.a. onwards | Apply Now |
| Bank of India | 8.80% p.a. onwards | Apply Now |
| IndusInd Bank | 8.80% p.a. onwards | Apply Now |
| Bank of Baroda | 9.40% p.a. onwards | Apply Now |
| Union Bank of India | 9.30% – 10.65% p.a. | Apply Now |
| Canara Bank | 9.25% p.a. onwards | Apply Now |
| HDFC Bank | 8.50% - 15.97% p.a. | Apply Now |
| Federal Bank | 8.99% p.a. onwards | Apply Now |
| ICICI Bank | 10% p.a. onwards | Apply Now |
| Bajaj Finserv | 9.50% – 28% p.a. | Apply Now |
| Manappuram Finance | 12% p.a. onwards | Apply Now |
| Bank of Maharashtra | 9.30% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8% - 24% p.a. onwards | Apply Now |
| Indian Bank | 0.77% per month | Apply Now |
| IIFL Finance | 11.88% - 27% p.a. | Apply Now |
| Rupeek | 8.88% p.a. onwards | Apply Now |
| Muthoot Finance | 10.90% p.a. onwards | Apply Now |
| Shriram Finance | 11.40% p.a. onwards | Apply Now |
HDFC Bank provides loans starting at Rs 25,000, with a minimum loan amount of Rs 10,000 available specifically in rural markets.
HDFC Bank claims to disburse gold loans within 45 minutes of the loan application being made.
HDFC Gold Loans are available for flexible tenures ranging from 6 months to 42 months.
HDFC Bank provides term loan, overdraft, and bullet repayment facilities for its gold loan. Customers can choose to repay EMIs every month or only pay interest every month. With the bullet repayment option, borrowers can repay both the principal amount and interest after 1 year of availing the loan.
Also read: Best Gold Loan EMI Calculator
| Particulars | Charges |
|---|---|
| Processing Fees | Up to 1% of the loan amount; (NIL for Micro & Small Enterprises for loan amounts up to Rs 5 lakhs, subject to the submission of Udyam Registration Certificate before the loan disbursal) |
| Renewal Charges | Rs 350 |
| CIBIL Charges | Rs 500 |
| Payment Return Charges | Rs 200 |
| Valuation Charges |
|
| Delayed instalment payment charge | 18% p.a. on the overdue instalment amount |
| Legal & Incidental Charges | As per actuals |
| Stamp Duty & other statutory charges | As per actuals |
| Auction Charges | As per actuals |
| TOD charges against Overdraft account | 18% p.a. |
| Premature closure charges (Full/Part payment) | 1% on the outstanding principal; NIL for Micro & Small Enterprises for loan amounts up to Rs 5 lakhs provided the repayment has been done from own sources |
HDFC Bank offers gold loans to Indian residents aged between 18 and 75 years. Farmers, salaried employees, traders, businessmen, and self-employed individuals are eligible to apply for HDFC Bank Gold Loan.
Also read: Best Gold Loan Eligibility
The detailed list of documents required for availing HDFC Bank Gold Loan is as follows:
Also Read : Best Gold Loan Documents Required
Some of the features of HDFC Gold Loan are highlighted below:
The minimum loan amount is set at Rs 25,000 for urban markets, while rural borrowers can avail loans starting from Rs 10,000.
HDFC's Gold Loan is designed as an over-the-counter loan, allowing applicants to avail a loan in under an hour, provided they meet certain basic eligibility criteria.
This loan offers flexible repayment tenures, ranging between 6 months and 4 years.
Yes, existing customers can negotiate interest rates with the bank, giving them an opportunity to lower their rates.
Yes, this loan can only be used for personal or business purposes, as HDFC prohibits the use of the loan for purchasing gold, land, or engaging in market speculations.
