HDFC Gold Loan

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HDFC Bank Gold Loan Interest Rate Oct 2016

Last Updated 19th Oct 16

HDFC Bank Gold Loan Interest Rate 11.50% - 13.00%
Repayment Options EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme
Loan Tenure 6 months to 48 months
Minimum and Maximum Loan Amount Rs. 50,000 and Rs. 1,000,000
Processing Fee Option fron Nil to upto 0.5%
Prepayment Charges Option fron Nil to upto 1 %
Penal Charges 0.16% per month
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HDFC Bank Gold Loan Interest Rate Calculator

HDFC Bank offers gold loan to the customers who have urgent need of money. Gold loan to be offered by HDFC Bank has many features like:
  • Maximum loan amount limited to Rs. 50000
  • Nil Processing Fee and Foreclosure charges in specific cases
  • Lower Interest Rates for Preferred, Imperia & Classic and Women customers

Gold Loan HDFC

HDFC Bank Gold loan interest rate is the rate which you pay over the loan amount that you have borrowed from HDFC Bank. Gold loan interest rates offered by HDFC Bank are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in HDFC Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in HDFC Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
HDFC Bank Gold Loan Rates depends upon
  • HDFC Bank gold loan amount: Gold loan rate in HDFC Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate

HDFC Bank Gold Loan Charges

HDFC Bank Gold Loan foreclosure charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. HDFC Bank allows prepayment of gold loan with Option fron Nil to upto 1 % prepayment charges
HDFC Bank Gold Loan processing fee- HDFC Bank asks for a processing fee of Option fron Nil to upto 0.5% with applicable service tax
Penal Interest- HDFC Bank charges a penal interest of 0.16% per month if you don’t pay the EMI on the due date decided by the bank

HDFC Gold Loan EMI Calculator

Gold Loan EMI of HDFC Bank is a fixed amount that you pay each month towards the repayment of your jewel loan. Lowest EMI offered by HDFC Bank is Rs. 2,609 per lakh loan amount. Gold loan EMI of HDFC Bank depends upon:
  • Rate of interest: Higher the interest rate, higher will be the EMI. For a 48 months gold loan from HDFC Bank at interest rate of 11.50% per annum, EMI will be Rs. 2,609 per Rs. one lakh loan amount. At interest rate of 13.00% for the same loan, the EMI will be Rs. 2,683
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At 11.50% per annum, the EMI would range from Rs. 17,230 to Rs. 2,609 for loan tenure ranging from 6 months to 48 months

HDFC Gold Loan Eligibility Calculator

Gold loan eligibility criteria HDFC Bank

Eligibility of Gold loan in HDFC Bank depends upon multiple factors:-
  • Quantity and quality of gold pledged: Gold loan eligibility depends upon the weight and assessment of purity of the gold jewelry that is being pledged. Gold ornaments karatage should be in the range of 18 to 24 karats. Both hallmarked jewellery and non hallmarked jewellery can be used for availing gold loan.
  • Gold loan rate per gram: HDFC Bank will value the jewelry based on price of 22 carat gold adjusted for purity. HDFC Bank use thirty days average rates of 22 carat gold prices. You can also check today gold rate at Myloancare.
  • Form of gold pledged: You can get gold loan from HDFC Bank against jewelry or ornaments with a purity of 18 carats or more and specially minted gold coins with a weight of up to 50 grams. You will not be eligible for gold loan against gold bars, ETFs (exchange traded funds), specially minted coins of more than 50 grams and ladies mangal sutra.
  • Purpose for which loan is used: You can use the gold loan from HDFC Bank for personal, business and agricultural purposes. However, you should not use gold loan for speculative purposes such as purchase of gold coins, jewels, land, and investment in stocks, futures and options.
Estimated eligibility online by using Gold Loan Eligibility Calculator

Popular HDFC Gold Loan Products

HDFC Bank offers you following gold loan schemes
  • Sampoorna Bharosa Gold Loan

Gold Loan HDFC documents required

The documentation process of HDFC Bank is smooth. Here is a list of documents which are required to apply for home loan from HDFC Bank:
  • Identity proof: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Address proof: Aadhar Card, Voter’s ID Card bank statement, rent agreement, utility bills, registry copy

Frequently Asked Questions – HDFC Gold Loan

What is the maximum loan tenure I can opt under HDFC Bank gold loan?

HDFC Bank offers you tenure of upto 48 months to repay your gold loan.

Can I prepay my gold loan? What are the charges applicable?

Yes, you can prepay your gold loan. Applicable prepayment charges - Option fron Nil to upto 1 %.

If I fail to repay the loan amount on time, what are the late payment charges on HDFC Bank gold loan?

If you fail to repay the loan amount on due date, then you need to pay penal charges at 0.16% per month over and above contracted rate of interest. In case the loan is still not paid back, HDFC Bank may dispose off the gold and recover its dues including principal, interest and penal charges.

What is the maximum gold loan amount available?

You can avail gold loan up to Rs. 1,000,000 from HDFC Bank

Compare HDFC Gold Loan

Comparison of HDFC Bank Gold Loan with other banks

HDFC Gold Loan in India

HDFC Bank Gold Loan Customer Care Number, Email, Application Status

Contact Details of HDFC Bank Gold Loan Branches
City Customer Care Number
Agra 993-590-3333,
Ahmedabad 079-61606161,
Ambala 999-624-3333,
Anand 079-61606161,
Aurangabad 022-61606161,
Bangalore 080-61606161,
Bhilai 1860-266-6161,
Bhilwara 987-500-3333,
Bhiwadi 022-61606161,
Bhopal 0731-6160616,
Bhubaneswar Cuttack 993-790-3333,
Bikaner 987-500-3333,
Chandigarh 0172-6160616,
Chennai 044-61606161,
Cochin 0484-6160616,
Coimbatore 044-61606161,
Dehradun 993-590-3333,
Delhi 011-61606161,
Durg 1860-266-6161,
Faridabad 011-61606161,
Gandhinagar 079-61606161,
Ghaziabad 011-61606161,
Goa 989-060-3333,
Greater Noida 011-61606161,
Gurgaon 011-61606161,
Guwahati 995-719-3333,
Gwalior 0731-6160616,
Hyderabad 040-61606161,
Indore 0731-6160616,
Jabalpur 0731-6160616,
Jaipur 0141-6160616,
Jalandhar 981-533-1111,
Jodhpur 987-500-3333,
Kanpur 993-590-3333,
Karnal 999-624-3333,
Kolhapur 989-060-3333,
Kolkata 033-61606161,
Kota 987-500-3333,
Kozhikode 989-566-3333,
Lucknow 0522-6160616,
Ludhiana 981-533-1111,
Madurai 984-067-3333,
Meerut 993-590-3333,
Mehsana 079-61606161,
Mohali Sas Nagar 981-533-1111,
Mumbai 022-61606161,
Mussoorie 993-590-3333,
Nagpur 989-060-3333,
Nashik 989-060-3333,
Noida 011-61606161,
Noida Extn. 011-61606161,
Panipat 999-624-3333,
Patna 1860-266-6161,
Pondicherry 984-067-3333,
Pune 022-61606161,
Raipur 1860-266-6161,
Rajkot 079-61606161,
Ranchi 1860-266-6161,
Rohtak 999-624-3333,
Roorkee 993-590-3333,
Salem 984-067-3333,
Shimla 999-624-3333,
Sonepat 999-624-3333,
Surat 079-61606161,
Trichy 984-067-3333,
Udaipur 987-500-3333,
Vadodara 079-61606161,
Varanasi 993-590-3333,
Vijaywada 994-949-3333,
Vizag 994-949-3333,
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
HDFC Gold Loan News - Oct 2016
21st Sep 16 HDFC Bank Tops List of 50 Most Valued Brands In 2016
HDFC Bank came out as the most valuable brand in a list of 50 Most Valuable Brands for a third consecutive year, with a brand value of 14.4 billion dollar. The financial zone made the largest involvement to overall value, but multiple sectors including auto and consumer goods has also shown large growth. HDFC Bank, Kotak Mahindra Bank and Axis Bank were a part of the top 10 list. IndiGo and Jet Airways from the airline sector also gained the position of 26 and 30 for the first time this year.
27th Jul 16 HDFC reported 38% increase in Q1 results
As per the results of Q1FY17 , Housing Development Finance Corp. Ltd (HDFC) reported a 37.5 percent increase in its Net Profit to Rs 1,870.7 crore. This was largely due to one-time gain of Rs.725 crore on the sale of a 22.9 percent stake in HDFC ERGO General Insurance Co. Ltd. Total Income from operations increased by 19.4 percent year on year to Rs 8,382.3, while Net Interest Income, showed a growth of 9 percent to Rs 2,229.15 crore. Asset quality was stable in the current quarter, with Gross NPAs ratio of 0.75 percent compared to 0.7 percent as on FY16 . Provision for contingencies showed a significant increase of 580 percent on a yearly basis, but compared to last quarter, it registered a decline of 37.6 percent Provisions for contingencies included an additional one time provision of Rs 275 crore towards standard assets and other contingencies.
21st Jul 16 HDFC Bank Q1 profit increases by 20%
As per results of quarter ended June 2016, HDFC Bank Profit increased by 20.14 percent year on year to Rs 3,239 crore due to a growth of 21.8 percent in its Net interest income . Asset quality showed mild signs of weaking with Provisions for bad loans increased by 19 percent yoy and 30.8 percent qoq. During the quarter. its Gross NPA rose by 10 basis points to 1.04 percent and net NPA rose by 4 bps to 0.32 percent
10th Jun 16 HDFC Bank launches Ultracash for mobile proximity payments
HDFC Bank has launched a new payments app called UltraCash which will allow users to make proximity payments at merchants without NFC technology. UltraCash had partnered with YES Bank in February to let Ultracash issue YES Bank sponsored mobile wallets. It would also employ YES Bank IMPS payments platform to enable processing of instant proximity transactions. UltraCash allows you to link your bank account or cards to the app and make proximity payments to other peers on mobile or merchants.
09th Jun 16 HDFC Bank cuts MCLR based lending rate by 0.05%
HDFC Bank has cut lending rate by 0.05 per cent, a move which will lower EMI for its new borrowers. The new rate for two year lending tenure has been reduced to 9.20 per cent from 9.25 per cent effective June 7. At the same time, the bank has also reduced MCLR for 1 month tenure to 8.95 per cent from 9 per cent. MCLR is the new benchmark lending rate and replaces the base rate for new borrowers. It is calculated on the marginal cost of borrowing and return on net worth for banks.