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HDFC Gold Loan Eligibility Calculator India Jul 2017

Last Updated 26th Jul 2017

HDFC Bank Gold Loan Eligibility

HDFC Bank Rate of Interest 11.00% - 13.00%
Lowest EMI Per Lakh Rs. 2,585
Age 21 - 65 years
Processing Fees 0.50% to 1.00%
Maximum Loan Amount Rs. 5,000,000
Maximum LTV 75%
Maximum Tenure 48 months
Gold Loan Eligibility Calculator
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Eligibility criteria

Eligibility of gold loan in HDFC depends upon different factors like:

  • Gold loan amount depends upon the weight and purity of gold. Gold purity for HDFC Bank is required to be in the range of 18 to 24 carats. Both hallmarked and non hallmarked jewellery can be used for availing loan.
  • Gold bars, Exchange traded funds and ladies mangal sutra is not acceptable in HDFC and gold coins with a weight up to 50 gm are acceptable by the bank.
  • However, you are not allowed to use gold loan for purchasing property, or investing in other financial instruments.
  • Maximum loan allowed is up to 75% amount of the total gold pledged with HDFC Bank.
  • No CIBIL Score required.

Frequently Asked Questions

What is the age limit required for gold loan from HDFC?

The minimum age should be 21 years and maximum age should be up to 65 years.

What is the maximum loan amount that I can avail on gold loan from HDFC Bank?

The maximum loan that you can avail is up to 75% of the market value of the gold depending on the quality of the gold.

What is the loan tenure of HDFC Bank gold loan?

HDFC Bank gives gold loan to the applicants for a maximum tenure of 48 months. So, the borrower should be sure about the repayment capacity of the loan.

What kind of gold items are accepted and rejected as a security?

Gold ornaments with carats in the range of 18 to 24 and weight of more than 50 grams are accepted by HDFC Bank. HDFC does not allow customer to borrow against gold bars, exchange traded funds and ladies mangal sutra.

How much processing fee is applicable in HDFC Bank gold loan?

HDFC Bank charges a processing fee of 0.50% to 1.00% on gold loan.

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