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HDFC Gold Loan Interest Rate

HDFC Bank Gold Loan 2021

Last Updated 12th Jul 2021

HDFC Bank Gold Loan Interest rate starts at 9.50% with a loan tenure of 3 months to 24 months. HDFC jewel loans offer low interest with multiple repayment options including gold loan overdraft, EMI and bullet repayment. HDFC also offers agriculture gold loan with interest rates lower than the rates for regular customers. Check Best Offers.

HDFC Gold Loan Rate 9.50% onwards
Processing Fee 1% of the loan amount
Loan Tenure 3 months to 24 months
Loan Amount ₹ 25,000 to ₹ 50 Lakh
Prepayment Charges 1%
Gold Loan SchemeBullet Repayment Scheme, Overdraft Scheme

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HDFC Gold Loan

HDFC gold loan can be availed by pledging your gold ornaments for meeting urgent personal expenses like children education, marriage and other financial emergencies in the family as well as for business purposes. The gold mortgaged acts as a security to the loan. Taking a loan from HDFC Bank has the following benefits:

  • No foreclosure charges after 6 months
  • Only KYC based approval
  • Lower Interest Rates for Preferred, Imperia & Classic and Women customers

As on today, HDFC Gold loan interest rates are in the range of 9.50% to 15.00%. The lowest rate on HDFC gold loan increased by 0.55% to 9.50% as on 21 Jun, 2021.

Current HDFC Gold Loan Interest Rate

HDFC gold loan interest rate currently starts at 9.50% and goes up to 15.00%.The lowest interest was increased by 0.55% on 21 Jun, 2021. You can avail jewellery loan for any purpose for maximum tenure of 24 months HDFC offers a gold loan at lowest rates it is a secured loan and has multiple repayment options like gold loan Bullet Repayment Scheme, Overdraft Scheme.

HDFC Bank Gold Loan Details

  • Purpose of Gold loan: To meet personal and business expense requirements
  • Collateral: Loan against security of your gold jewellery
  • Type of Gold Accepted: Gold jewellery of up to 50 grams with a purity of 18 to 22 carat
  • Customer Segments: HDFC offers jewel loans to all individuals above 18 years of age including salaried, self-employed professionals, businessmen, students, pensioners and housewives
  • Gold Loan Features
    • HDFC Gold Loan Interest Rate starts from 9.50% to 15.00%
    • HDFC Bank charges a processing fees of 1% of the loan amount
    • Loan Tenure of Gold Loan ranges from 3 months to 24 months
    • Lowest EMI per lakh on Gold Loan from HDFC Bank is offered at the lowest gold loan interest rate and at the longest loan tenure .
    • HDFC allows prepayment of jewel loans with 1% charges
  • Documents Requirement: Only basic KYC documents for address proof and income proof required. The bank doesn’t require you to submit your income proof or doesn’t check your CIBIL score for approving a gold loan.
  • Popular Gold Loan Schemes of HDFC

Comparison of HDFC Bank Gold Loan with other Banks

HDFC Bank offers gold loans at affordable interest rates. However, you must analyze multiple banks and their offers before applying for a jewellery loan.

Particulars HDFC Bank SBI Manappuram
Current Interest Rate 9.50% - 15.00% 7.30% - 7.50% 9.90% - 29.00%
Previous Lowest Interest Rate 8.95% 8.95% 8.95%
Lowest Rate Difference 0.55% -1.65% 0.95%
Processing Fees 1% of the loan amount 0.50% of the loan amount, minimum-₹ 500 ₹ 10 (to be paid at time of settlement)
Loan Tenure 3 months to 24 months 3 months to 36 months 1 day to 3 Months
Loan Amount ₹ 25,000 to ₹ 50 Lakh ₹ 20,000 to ₹ 50 Lakh ₹ 1,000 to ₹ 10 Lakh
Foreclosure Charges 1% Nil Nil
Repayment Options Y Y Y
Lowest EMI Per Lakh ₹ 4,591 per lakh ₹ 3,101 per lakh ₹ 33,885 per lakh

How can I get a Gold Loan from HDFC ?

You can apply for a gold loan with HDFC Bank directly through branch walk-in or by filling an online application form.

  • However, to get the best gold loan rate offers and comparison of all banks, you can apply online through MyLoanCare.
  • MyLoanCare will give you a detailed comparison of gold loan schemes of all banks, calculate your gold loan eligibility and connect you to the best bank for gold loan.
  • Customer representatives of the bank will get in touch with you instantly to fix up an appointment for branch visit.
  • Further, you will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting a loan is smooth, convenient and quick.

You can get a gold loan in a single branch visit during which HDFC Bank will do an appraisal of your jewellery in terms of its purity and weight. In case the jewellery meets the bank standards, the bank will sanction your loan and give you an instant loan against the security of your gold jewellery.

Documents Required for HDFC Bank Gold Loan

The documentation process of HDFC Bank is smooth. You need to submit one proof of identity and one proof of address to get a HDFC Bank gold loan. The list of identity and address proofs is as follows:

  • Identity proof: PAN Card, Driving License, Passport, Voter’s ID Card, Aadhar Card
  • Address proof: Voter’s ID Card, Aadhar Card, Rent Agreement, Utility Bills, Bank Statement

HDFC Gold Loan Interest Rate Calculator

Lowest Gold Loan Interest Rate in HDFC Bank is 9.50%. The factors that affect HDFC Bank gold loan interest rate are loan amount, loan tenure and loan required as a percent of value of gold jewellery. HDFC Bank’s existing account holders get a gold loan at best rates compared to other customers.

  • Loan Amount: The amount of gold loan you avail from HDFC Bank depends on the weight of jewellery you can pledge with the bank. HDFC Bank offers a loan per gram of gold which differs by the purity of gold and loan to value ratio offered. The Bank offers loan between between ₹ 25,000 and₹ 50 Lakh.The HDFC Bank gold loan interest rate is lower for higher loan amounts.
  • Relationship with the Bank: HDFC Bank offers special rates, offers and charges to the existing account holders of the bank. Those who have made their payments on time in the past can get the benefit of low gold loan interest rate from HDFC Bank.
  • Loan tenure: HDFC Bank offers gold loan for a tenure of 3 months to 24 months. The interest rate is higher for short tenure gold loans.
  • Loan to Value ratio: Maximum gold loan to value ratio on gold jewellery has been fixed at 75% by RBI. However, HDFC Bank also offers loans at lower LTVs. Interest rate on loans with lower LTV will be lower compared to loans with higher LTV. Maximum LTV offered by HDFC Bank is 75% calculated on net weight of gold in your jewellery.
  • Purpose of Loan: All banks, including HDFC Bank also offer gold loan for agricultural purposes at low concessional rates, as the same is counted under priority sector lending targets of the bank. HDFC's gold loan interest rate for agricultural loans is generally lower by 1-2% compared to its gold loan rate for regular customers.

HDFC Bank Gold Loan Charges

In addition to interest rates, HDFC Bank also carry some other charges while offering gold loan which include:

  • Processing fees – HDFC Bank charges minimum processing fees 1% of the loan amount.To get the lowest fee, gold loan interest rates comparison, offers and cashback apply online through MyLoanCare.
  • Prepayment and foreclosure – Banks allow prepayment of gold loan and typically levy prepayment or foreclosure charges i.e. 1%.
  • Stamping charges - Stamping charges are charged for the transference of ownership of tangible assets. The charges are as per the respective State's Stamp Act.

HDFC Bank Gold Loan Schemes

HDFC Bank offers several gold loan products to meet your various financial requirements. These include loans with different repayment options

  • Gold Loan with EMI option
    • Offered for loans with a tenure of more than 3 months
    • Offered only in case of preapproved offers of gold loans for existing bank account customers
    • Offer on floating rate of interest
    • Maximum LTV of 75 percent allowed
    • This scheme offers the option of paying gold loans in the form of EMIs. Each month you pay an EMI to HDFC Bank, which contains a component of interest as well as principal repaid. The component of interest is higher in the initial EMIs and reduces with each EMI.
  • Gold Loan with Bullet repayment option
    • This repayment option is more prevalent for short tenure gold loans (less than 6 months)
    • This is a fixed rate loan scheme
    • Interest is charged monthly and can be paid with principal at the date of maturity. Bank may also ask you to pay EMI for monthly interest
    • No lock in period. However, bank charges a penalty of 2 percent for preclosure before 3 months.
    • Upfront deduction of six months interest is charged if a customer does not have a HDFC account or if the loan amount is less than Rs 50,000
    • Lower LTV of 65 percent compared to EMI option
  • Gold Loan with Overdraft facility
    • Rate of interest are floating and interest to be paid over the utilized amount.
    • No lock in period and no prepayment penalty charged
    • Comes with an option of renewing the OD by paying the applicable processing fees
  • Gold Loan for Agriculture
    • HDFC Bank offers this scheme for farmers wherein, loan is offered to them against gold ornaments in order to meet farming expenses.
    • Presenting a proof of farming activity and ownership of an agriculture land is mandatory.
    • The end use of the gold loan must be mentioned by the borrower.


Has HDFC Bank reduced the interest rate on the gold loan?

No, HDFC Bank has increased its gold loan rates by upto 0.55%. The lowest rate on HDFC Bank gold loan has been increased to 9.50% from 8.95% earlier. HDFC Bank new rates are effective from 21 Jun, 2021.

How much gold loan can I avail from HDFC Bank?

You can get upto ₹ 50 Lakh as a gold loan from HDFC Bank. However, the maximum loan amount depends on the value of the gold you pledge. HDFC Bank funds upto 75% of the gold value as loan.

How can I check my HDFC Bank gold loan status?

You can check the status of HDFC Bank gold loan by visiting the website and log in to the HDFC Bank net banking. Once logged in, go to the track loan application in the loans section. In case you have applied for a gold loan through MyLoanCare website, log in to your MyLoanCare account, the status of your loan will be shown on the home page of your account. However, if you are concerned about the loan approval status, then in the case of a gold loan, the process of acceptance to disbursal is done within 24 hours.

Is gold loan HDFC Bank available online? Is there a HDFC Bank gold loan online payment facility?

Yes, you can apply for a gold loan online in HDFC Bank to get a quick loan. HDFC Bank offers a gold loan online payment facility. For online payments, you can use the netbanking facility. Apart you can also prompt automated payments of EMI from your regular savings or current account.

Are there any prepayment charges on HDFC Bank gold loan?

Yes, you can prepay your jewel loan after paying prepayment charges. The applicable prepayment charges to foreclose loan from HDFC Bank are 1% .Before enclosing your gold loan in advance, ensure that foreclosure of HDFC Bank gold is beneficial in managing financial burden and does not hamper your debt to income ratio.

Does HDFC Bank offer Agricultural Gold Loan?

Yes, HDFC Bank offers gold loan for agriculture at 1- 2% lower interest rate than gold loan rates.You can apply loan by visiting a bank branch or online by logging in to the website or with us at MyLoanCare. Agriculture gold loan can be used by agriculturist to fulfil irrigational, or cultivation expenses.

What is the procedure for a gold loan in HDFC Bank ?

To apply for a gold loan in HDFC Bank visit the nearest bank branch or log in to the official website. Also, you can apply with MyLoanCare to get the best offers. Before applying ensure you meet the HDFC Bank gold loan eligibility criteria and keep your documents handy. Most importantly, be informed of the purity check of your gold.

Does HDFC Bank offer additional on gold loan interest rate for women?

No, HDFC Bank offer the same gold loan interest rate to all the borrowers, they do not offer lower interest to women borrowers. However, the interest rate is lower for people who take loans for agricultural purposes.

Can HDFC Bank gold loan interest rate be negotiated?

Yes, HDFC Bank gold loan rate can be negotiated. There are chances that banks will lower the interest rate if you already have an account with the bank or you have a stable source of income. Further, a larger loan amount can help you grab a gold loan at lower interest rates.

How long does it take to process HDFC Bank Gold Loan?

The gold loan can be disbursed quickly within a few hours. It takes around 90 to 120 minutes to process loan. Further, it depends upon your eligibility, and the quality of the pledged gold.

What are the benefits for HDFC Bank account holders while getting a Gold loan?

HDFC Bank account can avail a gold loan for a maximum of 75% of the value of the gold at the lowest rate starting at 9.50%. The bank also provides gold loan without any income proof and CIBIL requirement.

What happens if HDFC Bank Bank gold loan is not paid?

If you do not repay your HDFC Bank Bank gold loan, you will have to pay a late payment penalty of 2.00%. Further, you may loose all you pledged gold, if you skip your HDFC Bank gold loan payment entirely. Also, even when cibil score is not a criteria to avail gold loan, yet, prepaying HDFC Bank gold loan on time, can boost your credit score and vice versa.

Will HDFC Bank gold loan affect CIBIL score?

Yes, if you default on repaying your HDFC Bank gold loan EMI, it will affect your CIBIL negatively and similarly, paying the dues on time will improve your CIBIL.

HDFC Bank Gold Loan Reviews 4.7/5  by 287 customers
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Banks Service
C Redapp, Bangalore
Reviewed on 13th Jul 2021
4 / 5 stars
HDFC Bank Gold Loan Availed in Jul 2021

Very good service by MyLoanCare as well as by the bank staff. In the times of pandemic, very good soRead more...

Radhe, Delhi
Reviewed on 29th Jun 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in Jun 2021

Great Experience, delivered what promised, service so quick.

Swapnil, Pune
Reviewed on 22nd Jun 2021
3.5 / 5 stars
HDFC Bank Gold Loan Availed in Jun 2021

Good service, I like it.

Prerna, Gurgaon
Reviewed on 02nd Jun 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in May 2021

Excellent services provided by MyLoanCare. Got the loan sanctioned very easily.Read more...

Vikas, Ghaziabad
Reviewed on 02nd Jun 2021
4 / 5 stars
HDFC Bank Gold Loan Availed in Jun 2021


ROHIT, Delhi
Reviewed on 02nd Jun 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in Jun 2021

Good experience.
Fast service.
Will recommend others also.

Prashanth, Hyderabad
Reviewed on 27th May 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in May 2021

MyLoanCare has helped to take the Gold loan with HDFC Bank in a very convenient and easy way.Read more...

Anoop, Hyderabad
Reviewed on 24th May 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in May 2021

Excellent service.

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HDFC Bank Gold Loan News - Jul 2021
  • 2021-07-08 : HDFC Bank loan growth hit amidst covid-19 pandemic
    Private lender HDFC Bank numbers for the June quarter showed loan growth moderation and contraction in its retail credit book. The bank slowed its retail disbursements which were down 30% sequentially, reflecting the impact of the second Covid wave. The continued weakness in the retail segment led to retail segment share in total loans that include Personal Loan, Home Loan, Loan Against Property, Business Loan, Gold Loan, Two-wheeler Loan, Car Loan, Education Loan and Top-up Loan slipping down to 45% from 47% in June quarter last year.
  • 2021-05-28 : HDFC Bank commits Rs 100 cr towards COVID relief in FY22
    HDFC Bank committed Rs 100 crore for setting up medical infrastructure for COVID-19 relief in 2021-22. The bank is planning to set up 20 oxygen plants in hospitals besides three 100-bed COVID care facilities as part of the plan.
  • 2021-04-19 : HDFC Bank Q4 net profit rises 18% YoY to Rs 8,186.5 crore
    In Q3FY21, HDFC Bank had reported a net profit of Rs 8,758.3 crore and an operating profit of Rs 15,186 crore. The bank advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan along with business and mudra loans aggregated to Rs 11,320 billion. Further, The bank’s deposits which include fixed and recurring deposits grew 16.3% at approximately Rs 13,350 billion as of March 31, 2021, as compared to Rs 11,475 billion year-on-year (YoY).
  • 2021-01-18 : HDFC Bank net profit rose by 18%
    HDFC Bank net profit grew by 18% over a year ago in the December-ended quarter on the back of improved net interest income. Advances which include home, personal, car, two-wheeler and gold loans along with business and mudra loans during the quarter rose 15.6% year-on-year to Rs 10.82 lakh crore. Deposits which includes FD and RD grew by 19% from last year to Rs 12.7 lakh crore. Further, The CASA ratio for the bank stood at 43%.
  • 2021-01-08 : HDFC Bank posted a double-digit increase in deposits and advances
    HDFC Bank reported a double-digit increase in deposits and advances in the third quarter of the fiscal year. The bank advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans hiked by 16% to Rs 10.82-lakh crore as on December 31, 2020. Further, the bank’s deposits rose by 19% in the third quarter of the fiscal to Rs 12.71-lakh crore. The CASA ratio is reported at around 43% as of December 31, 2020.
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