HDFC Gold Loan Key Features – Apply Online
| HDFC Gold Loan Interest Rate | 9.00% per annum (Loan Amt >= 5Lakh) |
| HDFC Gold Loan Per Gram | HDFC Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450 |
| HDFC Gold Loan Processing Fee | 0.20% of the Principal Loan Amount (Offer Valid Till 31st Oct 21) |
| Maximum Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| HDFC Gold Loan Prepayment Charges | 1%+GST (Within 3 Months), 0 (After 3 months) |
| HDFC Gold Loan Repayment Tenure | 3 Months to 24 Months |
| HDFC Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
* As per RBI guidelines, LTV (Loan to Value) ratio for Gold Loan is 75%.
HDFC Bank issues a Gold Loan per gram rate of ₹ 3,329 to ₹ 4,621 in line with the current gold rate. The best HDFC Gold loan Rate per gram is ₹ 3,489 for 22 Carat gold, measured at a maximum 75% loan to value and the average gold price for the last one month for 22-carat is ₹ 4,621.
HDFC Gold Loan in Detail
HDFC gold loan can be availed to meet an urgent need for cash by pledging one’s gold ornaments or gold coins as collateral. A Gold loan is one of the quickest and easiest ways of borrowing money and can be availed by any existing customer of the HDFC Bank as well as new borrowers. With HDFC Bank, you will not only be able to avail of the Jewel Loan easily but it will also be at a competitive interest rate.
HDFC Gold Loan Comparison With Other Banks
| Particulars | IndusInd Bank | SBI | HDFC Bank |
| Interest Rate | 10.00% – 16.00% | 7.50% – 7.50% | 9.00% – 17.55% |
| Processing Fees | Up to 1% of the loan amount, minimum Rs. 750 | 0.50% of the loan amount, minimum Rs. 500 | 1.50% of the loan amount |
| Loan Tenure | 3 months to 12 months | 3 months to 36 months | 3 months to 24 months |
| Loan Amount | ₹ 10,000 to ₹ 10 Lakh | ₹ 20,000 to ₹ 20 Lakh | ₹ 25,000 to ₹ 50 Lakh |
| Foreclosure Charges | Up to 1% of the outstanding amount | Nil | Nil after 3 months |
| Repayment Options | Y | Y | Y |
| Lowest EMI Per Lakh | ₹ 8,792 per lakh | ₹ 3,111 per lakh | ₹ 4,610 per lakh |
How To Get HDFC Gold Loan Fast
- HDFC Bank accepts both hallmarked and non-hallmarked jewellery in exchange for money. However, you can get the highest gold loan per gram for any hallmark jewellery, because it reduces the chances of under-valuation by the valuer.
- HDFC Bank can adjust the price of 22-carat gold for the purity of gold. Therefore, one should also try to borrow against jewellery of higher purity because it fetches the highest amount for a Jewellery Loan.
- HDFC Bank will calculate the net weight of the jewellery to calculate the amount of loan against the gold you can get. You can always try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. But HDFC Bank will rely on the report of its gold valuer to calculate the net weight. Higher the weight of gems and stones in jewellery, lower the net weight and value of jewellery which results in a lower amount of jewel loan you can are eligible to get.
Advantages Of HDFC Bank Gold Loan
- Fast Process: The HDFC Gold Loan is approved and disbursed very quickly and easily. The loan gets passed in an hour.
- Fewer Documents: The documentation process is straightforward and less, vital documents are required for the HDFC gold loan.
- Transparent System: The bank provides full transparency to the customer; that is, there are no hidden charges.
- Amount of Loan: The minimum amount of loan that HDFC provides to the customer is Rs. 15000. Also, It can be less than Rs 10000 in rural areas.
- Safety of Jewellery: One important thing to note is that the bank is liable entirely for the security of your gold. Thus, the gold is kept in fireproof protection.
- Loan Tenure: The tenure of the loan can be from 3 months to 2 years. Hence, You can choose according to your comforts.
- Benefits for Farmers: HDFC bank provides some special offers for agricultural purposes. That is, the bank offers a slightly low Gold loan interest rate for a Gold loan for agricultural use.
- No Debt Burden: There can be situations in which an applicant is not able to repay the loan amount in such a case the applicant will not be under debts as the bank will only confiscate the ornaments.
- No Income bounds: There are no restrictions on the salary or income of the applicant; hence, anyone with any income range can avail of a gold loan.
- Foreclosure: HDFC bank charges the borrower up to 1% of the outstanding principal debt in the event of a Gold Loan Foreclosure.
HDFC Bank Gold Loan Per Gram Rate 2022
| LTV | 24K | 22K | 21K | 20K | 19K | 18K |
| 100% for 10 gram | 45500 | 41708 | 39813 | 37917 | 36021 | 34125 |
| 1 gram | 4550 | 4171 | 3981 | 3792 | 3602 | 3413 |
| 60 | 2730 | 2502 | 2389 | 2275 | 2161 | 2047 |
| 65 | 2958 | 2711 | 2588 | 2465 | 2341 | 2218 |
| 70 | 3185 | 2920 | 2787 | 2654 | 2521 | 2389 |
| 75 | 3413 | 3128 | 2986 | 2844 | 2702 | 2559 |
| 80 | 3640 | 3337 | 3185 | 3033 | 2882 | 2730 |
| 85 | 3868 | 3545 | 3384 | 3223 | 3062 | 2901 |
| 90 | 4095 | 3754 | 3583 | 3413 | 3242 | 3071 |
| 95 | 4323 | 3962 | 3782 | 3602 | 3422 | 3242 |
About HDFC Bank Gold Loan
Life is uncertain. Thus you may need money to cope up with financial hurdles in your life. In this case, you can get a Gold Loan to fight the financial crisis. A gold loan is a secured loan. Therefore the people with low CIBIL scores can also easily avail of this service. HDFC Gold Loan is one of the best gold loans in India.
Though, There is a lot of financial banking and non-banking companies that provide you with a gold loan, but HDFC Gold Loan is considered the best. HDFC Bank was set up in 1994. It is one of the most reputed and reliable banks in India. Also, It is known for its brilliant financial services.
- HDFC Gold Loan Interest Rate is 9.90% per annum
- HDFC Gold Loan Rate Per Gram Today is ₹ 4,621
- HDFC Gold Loan Tenure: Up to 24 months
- HDFC Gold Loan Processing Fee is Up to 1% of the Loan Amount + GST
HDFC Gold Loan Eligibility
The loan seeker can avail of a Gold Loan only if the following eligibility criteria are fulfilled:
| Age | 18-70 years of age |
| Nationality | Indian |
| Employment Status | Salaried, Self-Employed |
| Gold Quality | Minimum 18 Carats |
HDFC Gold Loan at Home
Gold Loan at Home is a cash-on-the-spot or doorstep loan service that allows you to borrow money from the convenience of your own home. The service is fast, flexible, and cost-effective and interest rates are also low. You can use the gold loan calculator to determine the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.
Within 30 minutes, one of our employees will call you and arrive at your home. When all e-documentation and gold identification are completed at your residence, the appropriate gold loan amount will be sent directly to your bank account.
The benefits of getting a gold loan at your doorsteps are:
- Access To Your Loan Account 24 X 7
- Diverse Range of Gold Loan Schemes
- You can get free insurance for your Gold
- There are no hidden fees.
- You will get the maximum value of your Gold
- You can avail your Gold Loan in just 1 visit
HDFC Bank Gold Loan Documents Required
The documentation process is not that complex in HDFC Gold Loan. The documents required for applying for the loan are listed below :
| Photographs | 2 Passport Size |
| Identity Proof | Aadhar Card, Passport, PAN Card, etc. (Only 1 is required) |
| Residence Proof | Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required) |
HDFC Gold Loan Interest Rate, Fees, and Charges
In general credit against Gold as security is available at a low-interest rate because it comes in the category of secured loans. So the Gold Loan interest rates are less than that of a personal loan or any other kind of loan though the gold loan rate keeps on changing from time to time as well as person to person.
| HDFC Bank Gold Loan Interest Rate | |
| HDFC Bank Gold Loan Interest Rate | 9.90% per annum |
| Processing Fee | 1% of the Principal Loan Amount |
| Prepayment/Foreclosure Charges | 1%+GST (Within 3 Months), 0 (After 3 months) |
| Valuation Fee | Rs 250 for a loan up to Rs 1.5 lacs and Rs 575 for a loan over and above Rs 1.5 lacs |
| Late Repayment Charges | 2% p.a. + Applicable rate of interest. |
| Renewal Processing Fees | Rs 350 + GST |
HDFC Bank Gold Loan Schemes
HDFC offers various schemes attached to the Gold Loan product which are listed below:
- Loan Against Gold – HDFC Bank provides Gold Loan at attractive rates of interest to fulfil anyone’s dire need of funds for any purpose whether personal or professional. The gold loan is a fully secured form of loan and therefore, the bank has no risk in lending the amount to the applicant so it is provided at a lower rate of interest when compared to other forms of Loan products.
- Loan Against Gold for Agriculture – HDFC Bank provides Gold Loans specifically for agriculture purposes to farmers at a special rate of interest as compared to gold loans given for other uses. They are given special offers and you need to provide the bank Land proofs for which you are taking the Loan.
How To Apply For An HDFC Gold Loan Online
You can apply for the HDFC Bank Gold Loan at National Info. The process is easy and quick. To begin, You have to fill a simple form online. When the form gets submitted, you will receive a call from our Relationship Directors who are specialists in the area. You also get a documents’ pick up facility from your home. For more knowledge, you can call on our fb page
HDFC Bank Gold Loan Calculator
| HDFC Gold Loan Calculator | ||||
| Rate of Interest | 6 months | 1 Yr | 2 Yrs | 3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
How To Pay Your HDFC Gold Loan EMI?
Your HDFC gold advance can be reimbursed in the following three different ways.
- Standing Instruction (SI): If you are a current account holder with HDFC Bank, Standing Instruction is the most dependable method of compensation. Your EMI amount will be credited automatically towards the end of the month to month period from the HDFC Bank account you show.
- Electronic Clearing Service (ECS): This program can be applied if you have a non-HDFC Bank record and might need your EMIs to be debited consequently near the end of the month to month cycle from this account.
- Post-Dated Checks (PDC): You can present post-dated EMI analyses from a non-HDFC Bank statement at your closest HDFC Bank Loan Center. A new version of PDCs should be presented immediately. It will be perfect if you note Post Dated Checks will be collected in non-ECS states as it were.
HDFC Bank Gold Loan Contact Number
Call us on the fb page and get instant help and approval for your HDFC Bank Gold Loan. You can know the best offers on Gold Loan available from all the HDFC Bank Branches throughout the country to avail the best deal suitable to your needs.
Gold Ornaments Accepted By HDFC Bank
- Gold Jewellery such as Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all are accepted by HDFC Bank for availing a Gold Loan.
- Quality: The quality of gold should be between 18 Carat to 22 Carat. Any gold ornament which is 24 Carat, cannot be used for availing a gold loan.
Use Of HDFC Gold Loan
The funds acquired by availing the HDFC Gold Loan service can be used for several purposes such as:
- To fund any particular investments such as matrimony, hiking, instalment of higher tuition payments, etc.
- For all your marketing requirements, such as purchasing fresh supplies, developing marketing, etc., a loan service is available.
- You can additionally avail of a Gold Loan for horticultural ideas. The bank gives lower prices of interest for Gold Loans that are utilized for farming or related projects.
HDFC Agricultural Jewel Loan Scheme
| Scheme | HDFC Bank Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 8.95% (depends on the sum of the loan |
| Least amount of Loan | Depends on the value of the jewel which is being kept as security |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
Benefits Of HDFC Bank Agricultural Jewel Loan Scheme
- HDFC Bank charges a processing fee of up to ₹ 500.
- Minimum of ₹ 300 charge, which is 0.30% of the loan amount, applies to the amount ranging from above ₹ 20,000 – less than ₹ 20 lakh.
- 0.28% of the credit sum, subject to at least Rs.1,500 applies to the amount more than Rs.5 lakh however under Rs.1 crore.
HDFC Gold Loan Overdraft Scheme
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at HDFC bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the HDFC online banking portal and from there you can fill out a simple form and get an overdraft under your name.
HDFC Gold Loan Highlights
| Age | 18 – 70 years |
| Minimum Loan Amount | Rs. 1000 |
| Maximum Loan Amount | Rs. 1 Crore |
| HDFC Gold Loan Interest Rate | 8.95% p.a. onwards |
| Loan Tenure | From 3 months to 24 months |
| Gold Items accepted | Jewelry and gold coins sold by banks |
| HDFC Bank Gold Loan Processing Charges | 1% of the loan amount |
How Does HDFC Bank Gold Loan Work, Here’s An Example
The suitability of the gold loan is determined based on the purity of gold, LTV, and its weight. Suppose Mr A and his two friends Mr B and Mr C have different gold values for different purity. Mr A has 50 grams of gold per 22-carat purity. Mr B has 60 grams of gold in 20 carats of purity and Mr C has 70 grams of gold in purity or 22 carats. They approached the HDFC Bank to get a gold loan. The price used to calculate the suitability of their gold loan according to the high 85% LTV will vary with the purity of the gold and therefore, will lead to the validity of the gold loan.
FAQs About HDFC Gold Loan
What is HDFC Gold Loan?
HDFC Bank Gold Loan is a loan scheme that you can avail of for urgent monetary help by keeping your gold as collateral security with the bank. It also comes with attractive interest rates on Term Loans, Overdraft, and EMI based loans. The average Gold Loan disbursal time at HDFC is just 45 minutes.
How can I get the Gold Loan from HDFC Bank?
You can get HDFC Gold Loan by visiting any of the gold loan offering branches of HDFC or you can apply online with Dialabank from the comfort of your home and get the best deals and offers. HDFC is one of the leading banks in India that provides Gold Loan services.
How much Gold Loan can I get per gram in HDFC?
You can get ₹ 4,621 Per Gram in HDFC Gold Loan. The per gram Gold Loan in HDFC that you can get depends on the purity of your gold. HDFC accepts gold of purity between 18 carats to 22 carats to provide a Gold Loan. You can avail of up to ₹ 4,621 as per HDFC Gold Loan Per Gram.
How does HDFC Gold Loan work?
HDFC Gold Loan’s work is simple to understand. It is a popular lending scheme through which you can get a loan by pledging your gold ornaments. The loan amount and interest rates are dependent on the purity of your gold and vary accordingly. HDFC Gold Loan is a very popular option for anyone who is in need of urgent money, the average disbursement time is 45 minutes.
What is HDFC Gold Loan Interest Rate?
The HDFC Bank Gold Loan Interest Rate is 8.95% per annum. The HDFC Gold Loan rate of interest depends upon a number of factors, namely: loan amount, loan tenure, purity of gold, and relationship with HDFC bank.
How to check Gold Loan status in HDFC?
To check your HDFC Gold Loan status all you need to do is visit the HDFC Bank Loan Status Tracker web page and fill in your details in the form given. You can easily track the status of your loan from anywhere and stay updated.
How to calculate Gold Loan Interest in HDFC?
You can calculate the Gold Loan Interest Rate in HDFC Bank using National Info EMI Calculator which gives you accurate amounts based on the information you enter into the calculator.
What is the maximum loan amount I can avail myself of on Gold Loan from HDFC Bank?
The maximum gold loan amount you can get from HDFC Bank is up to Rs 1 crore (with income proofs).
What is the loan tenure of HDFC Bank Gold Loan?
The loan tenure of HDFC Bank ranges from 3 months to 24 months.
How much Processing Fee is applicable on HDFC Gold Loan?
The processing fee for the HDFC Gold Loan is about 1% of the principal loan amount and can be less based on the loan amount and the relationship with the bank.
What are the charges for renewal in HDFC Gold Loan?
The charge for renewal in the HDFC Gold loan is Rs 350 + GST.
What are the charges for Prepayment in HDFC Gold Loan?
The charge for pre-payment in HDFC Bank is NIL if you do it after 3 months of taking the Loans. However, if you wish to do it before the period of 3 months, HDFC Bank charges 1% prepayment charges of the principal loan amount.
How to renew HDFC Gold Loan Online?
To renew your HDFC Gold Loan online you will need to visit the Gold Loan branch with all the documents of your present loan. The Gold submitted earlier will be taken out and revalued based on current gold rates in the market. Once everything is done a small renewal fee will be charged and your loan will be renewed for a new tenure period.
How to Pay HDFC Bank Gold Loan Interest Online?
You can pay HDFC Gold Loan interest online through net banking on the official HDFC loan repayment web page or alternatively, you can also repay your HDFC Gold Loan on Paytm using your preferred payment method.
What if I can’t pay the interest on HDFC Gold Loan for 3 months?
If you do not pay your Gold Loan in HDFC Bank for 3 months, the bank will at first remind you of your pending dues. If the payment requests go unheard an official legal notice is sent demanding the repayment and closure of the loan. Defaulting on your Gold Loan results in a decrease in your credit score and also makes you liable to face legal actions by the bank including confiscation and auction of your gold.
How can I apply for EMI Moratorium on HDFC Gold Loan?
You can apply for EMI Moratorium on HDFC Gold Loan now between 1st March and 31st August 2020 and this has to be done by contacting the Bank customer care or visiting the nearest HDFC Bank branch.
How to pay HDFC Gold Loan through Credit Card?
HDFC God loan cannot be paid through credit card as per RBI guidelines.
What is the HDFC Gold Loan customer care number?
For contacting the HDFC Gold loan customer care just dial 9878981144.
What is the HDFC Gold Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the HDFC Gold loan account.
- Pay the pre-closure charges as per HDFC Gold Loan.
What is the HDFC Gold Loan preclosure charge?
Up to 2% preclosure charge before 3 months, after that 0.50%.
What is the HDFC Gold Loan overdraft scheme?
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at HDFC bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the HDFC online banking portal and from there you can fill out a simple form and get an overdraft under your name.
What is the HDFC Gold Loan maximum tenure?
The maximum tenure of the HDFC Gold loan is 24 months.
What is the minimum gold loan tenure for HDFC Gold Loan?
The minimum tenure for HDFC Gold Loan is 3 months.
| HDFC Bank Grievance Redressal Cell (Banking Products) | |
| Call | Monday to Saturday |
| 1800 266 4060 | 9:30am to 5:30pm |
| This facility is not available on 2nd & 4th Saturdays, all Sunday and Bank Holidays. |