HDFC Gold Loan


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
CollateralPledge your gold ornaments and jewelry as collateral.
Processing Fees1% of disbursal amount
Pre-closure Charges1% on the outstanding principal
Valuation ChargesUp to Rs 575
Gold Loan Processing Timewithin 45 minutes of application.
Gold Loan Repayment FacilityTerm Loan, Overdraft and Bullet repayment facility
Loan TenureFrom 6 months to 42 months
Loan AmountRs.25,000 onwards (Rs.10,000 onwards in case of rural markets)

HDFC Bank Gold Loan Interest Rate

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

Gold Loan Interest Rates Offered By Partner Banks & NBFCs

Bank/NBFC/FintechInterest Rate 
State Bank of India8.75% p.a. onwardsApply Now
Axis Bank17% - 19% p.a. onwardsApply Now
Punjab National Bank9.25% p.a. onwardsApply Now
Bank of India8.80% p.a. onwardsApply Now
IndusInd Bank8.80% p.a. onwardsApply Now
Bank of Baroda9.40% p.a. onwardsApply Now
Union Bank of India9.30% – 10.65% p.a.Apply Now
Canara Bank9.25% p.a. onwardsApply Now
HDFC Bank8.50% - 15.97% p.a.Apply Now
Federal Bank8.99% p.a. onwardsApply Now
ICICI Bank10% p.a. onwardsApply Now
Bajaj Finserv9.50% – 28% p.a.Apply Now
Manappuram Finance12% p.a. onwardsApply Now
Bank of Maharashtra9.30% p.a. onwardsApply Now
Kotak Mahindra Bank8% - 24% p.a. onwardsApply Now
Indian Bank0.77% per monthApply Now
IIFL Finance11.88% - 27% p.a.Apply Now
Rupeek8.88% p.a. onwardsApply Now
Muthoot Finance10.90% p.a. onwardsApply Now
Shriram Finance11.40% p.a. onwardsApply Now

Features of HDFC Bank Gold Loan

Loan amount

HDFC Bank provides loans starting at Rs 25,000, with a minimum loan amount of Rs 10,000 available specifically in rural markets.

Processing Time

HDFC Bank claims to disburse gold loans within 45 minutes of the loan application being made.

Tenure

HDFC Gold Loans are available for flexible tenures ranging from 6 months to 42 months.

Repayment

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

HDFC Bank Gold Loan Processing Fees, Foreclosure Fees & Other Charges

ParticularsCharges
Processing FeesUp 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 ChargesRs 350
CIBIL ChargesRs 500
Payment Return ChargesRs 200
Valuation Charges
  • Rs 250 (for up to Rs 1.5 lakhs packet per loan)
  • Rs 575 (for above Rs 1.5 lakhs packet per loan)
Delayed instalment payment charge18% p.a. on the overdue instalment amount
Legal & Incidental ChargesAs per actuals
Stamp Duty & other statutory chargesAs per actuals
Auction ChargesAs per actuals
TOD charges against Overdraft account18% 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

Eligibility Criteria for availing HDFC Gold Loan

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

Documents Required for HDFC Gold Loan Application

The detailed list of documents required for availing HDFC Bank Gold Loan is as follows:

  • One Passport Size Photograph
  • Voters’ ID Card
  • Passport (Not expired)
  • Aadhaar Card issued by UIDAI
  • Driving license (Not expired)
  • PAN Card (along with any of the above-mentioned documents) or Form 60
  • Agri Allied Occupation Documentation (in the case of bullet repayment option for agriculture customers)

Also Read : Best Gold Loan Documents Required

Features of HDFC Gold Loan

Some of the features of HDFC Gold Loan are highlighted below:

  • Low processing fee: Borrowers are charged a minimal processing fee, keeping general trends and competition in mind.
  • Flexible repayment: The loan can be repaid through flexible EMIs, with borrowers having the option to choose a tenure that suits their repayment needs.
  • Quick approval: Minimal documentation results in quick approval, minus any hassles and delays.
  • Loan amount: Individuals can avail loan amounts that suit their needs, with HDFC Bank open to considering loan amounts on a case-by-case basis.
  • Prepayment: Borrowers can prepay the loan without worrying about excessive prepayment charges.
  • Competitive interest rates: Interest charged by HDFC Bank on this gold loan scheme is highly competitive, with special rates offered under certain circumstances.
  • Transparent: There are no hidden charges, with transparency maintained at all stages.
  • Safety: The collateral pledged by individuals is kept safe, with a 3-tier sealing system in place.
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Frequently Asked Questions

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.