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HDFC Gold Loan Interest Rate

HDFC Bank Gold Loan: Details 2022

Last Updated 24th Jan 2022

HDFC Bank Gold Loan Interest rate starts at 9.00% 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 9.00% onwards
Processing Fee 0.20% of the loan amount
Loan Tenure 3 months to 24 months
Loan Amount ₹ 25,000 to ₹ 10 Lakh
Prepayment Charges Zero prepayment charges post 6 months
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's education, marriage and other financial emergencies in family or business. 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

Current HDFC Gold Loan Interest Rate

HDFC gold loan interest rate currently starts at 9.00% and goes up to 15.00%. The lowest interest was decreased by 0.5% on 11 Jan, 2022. You can avail jewellery loans for any purpose for a maximum tenure of 24 months. HDFC offers a gold loan at the cheapest rates as it is a secured loan and has multiple repayment options like the 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 rates starts from 9.00% to 15.00%
    • HDFC Bank charges a processing fee of 0.20% of the loan amount
    • Loan Tenure of Gold Loan ranges from 3 months to 24 months
    • The 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 Zero prepayment charges post 6 months charges
  • Popular Gold Loan Schemes of HDFC

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

Comparison of HDFC Bank Gold Loan with other Banks

Gold loan interest rates in HDFC Bank are very affordable. However, you must analyze multiple banks and their offers before applying for a jewellery loan.

Particulars HDFC Bank SBI Manappuram
Current Interest Rate 9.00% - 15.00% 7.50% - 7.50% 7.00% - 29.00%
Previous Lowest Interest Rate 8.95% 8.95% 8.95%
Lowest Rate Difference 0.05% -1.45% -1.95%
Processing Fees 0.20% of the loan amount 0.25% 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 6 Months
Loan Amount ₹ 25,000 to ₹ 10 Lakh ₹ 20,000 to ₹ 50 Lakh ₹ 1,000 to ₹ 10 Lakh
Foreclosure Charges Zero prepayment charges post 6 months Nil Nil
Repayment Options Y Y Y
Lowest EMI Per Lakh ₹ 4,568 per lakh ₹ 3,111 per lakh ₹ 17,009 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.

  • 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 instantly contact you to fix up an appointment for a 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. If 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.

HDFC Gold Loan Interest Rate Calculator

Lowest Gold Loan Interest Rate in HDFC Bank is 9.00%. The factors that affect the HDFC Bank gold loan interest rate are loan amount, loan tenure and loan required as a percent of the value of gold jewellery. HDFC Bank’s existing account holders get a gold loan at the 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 loans between ₹ 25,000 and ₹ 10 Lakh. The gold loan interest rate HDFC Bank 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 benefit from a low gold loan interest rate from HDFC Bank.
  • Loan tenure: HDFC Bank offers gold loans 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. The interest rate on loans with lower LTV will be lower compared to loans with higher LTV. The maximum LTV offered by HDFC Bank is 75% calculated on the net weight of gold in your jewellery.
  • Purpose of Loan: All banks, including HDFC Bank, also offer gold loans 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 carries some other charges while offering gold loans which includes:

  • Processing fees – HDFC Bank charges minimum processing fees of 0.20% 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 loans and typically levy prepayment or foreclosure charges i.e. Zero prepayment charges post 6 months.
  • 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?

Yes, HDFC Bank has reduced the lowest interest on gold loans as effective from 11 Jan, 2022. Presently, HDFC Bank offers gold loans starting at 9.00%, which is a decrease of 0.5% from the previous rates of 9.50%.

How much gold loan can I avail from HDFC Bank?

You can get upto ₹ 10 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 a loan.

How can I check my HDFC Bank gold loan status?

You can check the loan 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. If you have applied for a gold loan through MyLoanCare website, log in to your MyLoanCare account, and the status of your loan will be shown on the homepage 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 Zero prepayment charges post 6 months. 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 loans for agriculture at 1- 2% lower interest rates than gold loan rates. You can apply for a loan by visiting a bank branch or online by logging in to the website or with us at MyLoanCare. Agriculture gold loans can be used by agriculturists 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 an additional discount on gold loan interest rates for women?

No, HDFC Bank offers 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, gold loan rate of HDFC Bank 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 a 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 9.00%. The bank also provides gold without any income proof and CIBIL requirements.

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 lose all your pledged gold if you skip your loan payment entirely. Also, even when CIBIL score is not a criteria to avail gold loan, yet, prepaying 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 298 customers
MyLoanCare Service
Banks Service
Shib, Balurghat
Reviewed on 13th Jan 2022
4.5 / 5 stars
HDFC Bank Gold Loan Availed in Jan 2022

Very nice and safe loan. Interest is very cheap and economical. People can save interest than any otRead more...

Uday, Krishnagiri
Reviewed on 19th Dec 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in Dec 2021

Very good response and amount sanctioned within minutes.

RANENDRA, Bangalore
Reviewed on 06th Nov 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in Nov 2021

Good service by bank. Waiting time was there but I am happy with the processing time. Read more...

Pawan, Mumbai
Reviewed on 04th Oct 2021
4.5 / 5 stars
HDFC Bank Gold Loan Availed in Oct 2021

Very nice service both by MyLoanCare and bank.

Happy with their service and thanks to them.

Ravinder, Gurdaspur
Reviewed on 08th Sep 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in Sep 2021

Good and excellent.

Nand, Jaipur
Reviewed on 01st Sep 2021
4 / 5 stars
HDFC Bank Gold Loan Availed in Aug 2021

Better experience with HDFC Bank and MyLoanCare.

Vijay, Bangalore
Reviewed on 01st Sep 2021
5 / 5 stars
HDFC Bank Gold Loan Availed in Sep 2021

It was a good experience overall. It was quick and responsive. Thank you.Read more...

Kiran, Visakhapatnam
Reviewed on 25th Aug 2021
3.5 / 5 stars
HDFC Bank Gold Loan Availed in Aug 2021

Keep up the good work , please also be helpful in settlement process also thank you.Read more...

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HDFC Gold Loan News - Jan 2022
  • 2022-01-05 : HDFC Bank Reports Growth by 16.4%
    The private lender HDFC Bank reported that its advances growth rose by more than 16.4% in the December quarter. As a result, the advances reached Rs 12.6 lakh crore compared to Rs 10.8 lakh crore in the same period last year.
  • 2021-12-03 : HDFC Bank Quickest to List among 100 Global Firms
    As per the official data, HDFC Bank is the fastest among the 100 global companies that have gone public in less than a year.
  • 2021-10-05 : HDFC Bank Reports Growth in Advances in Q2
    HDFC Bank has reported a growth in advances by 15.4% in quarter 2. As a result, the advances have grown to ₹ 11.98 lakh crore as of September 30, 2021, from ₹ 10.38 lakh crore a year ago.
  • 2021-08-13 : HDFC Bank presents Festive Offer
    HDFC Bank is offering various offers on the occasion of the Onam festival in Kerela. It is offering benefits on a car loan, two-wheeler loan, home loan, business loans, gold Loan, Loan against Securities and Loan against the property. Also, HDFC debit cards and credit cardholders will also get cashback and discounts. This offer is valid till September 30, 2021.
  • 2021-08-11 : Gold Loan Special Independence Day Offer by HDFC Bank
    The gold loan rates start at 9% with a processing fee of 0.25% of the loan amount and are valid till 21st August 2021.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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