HDFC Gold Loan

HDFC Bank Gold Loan Interest Rate Feb 2017

Read Reviews 4.5/5.0 from 21 users
Last Updated 23rd Feb 2017
Interest Rate 11.00% - 13.00% Check Special Offer
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. 5,000,000
Processing Fee Option from Nil to upto 0.5%
Prepayment Charges Option from Nil to upto 1 %
Penal Charges 0.16% per month
Apply Gold Loan Online @11.00%*
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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. 1000000
  • Nil Processing Fee and Foreclosure charges in specific cases
  • Lower Interest Rates for Preferred, Imperia & Classic and Women customers

Gold Loan HDFC

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
  • 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

Gold Loan Charges

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 from Nil to upto 1 % prepayment charges
Processing Fee- HDFC Bank asks for a processing fee of Option from 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. 2,585 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 11.00% per annum, EMI will be Rs. 2,585 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 11.00% per annum, the EMI would range from Rs. 17,205 to Rs. 2,585 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 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

What is the maximum loan tenure I can opt under HDFC Bank jewel 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 from 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. 5,000,000 from HDFC Bank

Compare HDFC Gold Loan

HDFC Gold Loan in India

HDFC Gold Loan News - Feb 2017
18th Feb 17 HDFC Bank received highest deposit from FIIs
FIIs purchased large volume of shares of HDFC Bank in single day after Reserve bank of India lifted restrictions for foreign portfolio investors on buying the stock. The shares of the bank surged by 9.5 percent to Rs 1.450 on stock exchange marking its highest intra-day gain in three years as FPIs scrambled to buy the stock in a limited window.
11th Feb 17 HDFC Bank launches HDFC Lite a lighter version of mobile application
HDFC Bank has launched an upgraded version of its mobile application named as HDFC Lite. The app allows customers to perform banking transactions without internet connections via SMS and missed calls. With HDFC Lite, customers can also enquire about their fixed deposits, request issue of new cheque book and regeneration of iPIN.
10th Feb 17 HDFC offers BBPS service to ease digitization process
HDFC Bank becomes the first bank to offer a Bharat Bill Payment System (BBPS) to its customers to ease its digitisation process. The facility will enable the customers to pay their utility bills instantly without registering their billers. BBPS is a centralised system created by NPCI that allows the agents to access the bill payments services in an inter operable manner.
30th Jan 17 HDFC Bank to deploy around 20 humanoid robots in next two years
HDFC Bank is planning to deploy around 20 human robots named Ira at its branches in next two years. The bank intends to provide better assistance to customers via humanoids. HDFC Bank becomes the second private sector bank to launch such robots after City Union Bank.
24th Jan 17 HDFC Bank may register a decent growth in its net profit even as its loan growth is expected to come down
Analysts at CNBC have forecasted an increase in net profit of HDFC Bank during the third quarter of FY 17. As per the polls, the bank is likely to see a growth of 12 percent in its net profit Rs. 3, 770 crore on a year on year basis. Analysts have, however opined that the bank is likely to see a slower growth in its loan book. HDFC Bank is scheduled to announce its Q3 results on 25th January, 2017.
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