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HDFC Gold Loan

Last Updated 19th Aug 2017

HDFC Bank Gold Loans

Rate of Interest 11.00% - 14.50%
Loan Amount Between Rs. 25,000 to Rs. 5,000,000
Lowest EMI per lakh Rs. 4,661 per lakh
Maximum Loan Tenure From 6 months to 24 months
Age Between 21 years to 65 years
Processing Fee 0.50% to 1.00%
Apply Gold Loan @ 10.50%*
Rs.
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HDFC Gold Loan Details

HDFC Gold Loan Document List

Documents Salaried Self Employed
Identity Proof Passport/ Driving License/ Voter ID/ PAN Passport/ Driving License/ Voter ID/ PAN
Address Proof Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport

HDFC Gold Loan Apply

HDFC Bank gives the facility of gold loan to the people who want money to meet their urgent requirements. There are some features and benefits of taking gold loan from HDFC Bank:

  • Maximum loan amount limited to Rs. 5,000,000
  • Nil Processing Fee and Foreclosure charges in specific cases
  • Lower Interest Rates for Preferred, Imperia & Classic and Women customers

Gold Loan HDFC Bank

Popular Products:

  • Sampoorna Bharosa Gold Loan
HDFC Gold Loan Calculator

Interest Rate Calculator – This helps you in identifying the interest rate charged on applied HDFC loan amount for effective tenure.

Interest rate on HDFC Bank gold loan depends upon

  • Loan Amount – Higher the loan amount, lesser will be the interest rate

Eligibility Calculator – Eligibility calculator calculates your gold loan eligibility depending upon the weight and purity of gold. Apply for only that much loan amount, what you are eligible for. You can calculate your gold loan eligibility online and based on that apply for loan. Eligibility depends on:

  • Quantity and quality of gold pledged – Gold ornaments purity should range from 18 to 24 karats. To get gold loan from HDFC Bank, both hallmarked and non hallmarked jewelry are acceptable.
  • Purpose of loan – HDFC gives gold loan for business, personal and agricultural purposes. Gold loan of HDFC Bank should not be used for investment in stocks or purchase of gold coins, jewelry or land.
  • Rate of gold per gram – HDFC Bank calculates the value of your gold based on 22 carat gold price. HDFC Bank takes 30 days average of 22 carat gold price.
  • Form of gold assured – HDFC Bank gives gold loan against ornaments with 18 carat purity and special minted coins weights up to 50 grams.

There are various methods of calculating eligibility

  • Valuation of Gold – HDFC calculates value of your gold on the basis of gold karatage, price and weight of gold. HDFC gives only 75% of gold ornament value as gold loan.

EMI Calculator – Gold Loan EMI calculator helps you in calculating your monthly EMI based on the loan amount, interest rate and tenure you have applied for.

  • Loan amount – You should apply for only eligible loan amount from HDFC Bank ranges from Rs. 25,000 to Rs. 5,000,000. Gold loan EMI will be high based on your loan amount.
  • Loan Tenure – High tenure of gold loan leads to low amount of EMI.
  • Interest Rate – HDFC gold loan EMI will be low if your rate of interest is less.

Preclosure

Gold Loan Preclosure of HDFC Bank

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 at Option from Nil to upto 1%.

FAQs on Gold Loan from HDFC

How much fee is charged by HDFC Bank for gold loan?

Processing fee charged on HDFC Bank gold loan is 0.50% to 1.00% with applicable service tax.

What if I missed my gold loan EMI in HDFC Bank?

HDFC Bank charges a penal interest of 2.00% per month if you miss an EMI.

Can I check my loan account statement online?

You can login into your HDFC Bank online net banking account to get your loan details, track your loan history and make the payment online.

Easy comparison of HDFC home loan with other banks

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