Documents required to get you started
Below is the Gold Loan list of documents
Congratulations!
You are eligible for a loan of against your gold ornaments.
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What's in store for you
Gold Loan Calculator
How much will you have to pay every month to service your gold loan? Find out in an instant with our easy and interactive Gold Loan Eligibility and EMI Calculator
Fulfill your needs on your own with a Gold Loan
Please enter the below details:
| Sr. No | Carat | Weight in gms | Loan | |
|---|---|---|---|---|
| 1. |
24k
|
|
₹ 10,10,850 | |
| Total |
100 gms
|
₹
10,10,850
|
||
*This is the approximate value. The final value will depend upon the gold valuation done by our appraiser in the branch.
Loan Benefits & Features
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Loan Benefits
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Repayment terms
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Loan processing details
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Fees & Charges
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Most Important Terms & Conditions
More About Gold Loan
HDFC Bank Gold Loans offer several attractive features designed to provide quick and convenient financial assistance. Key features include:
- High Loan Amount: Borrowers can avail of substantial loan amounts based on the value of their gold, making it suitable for various financial needs.
- Competitive Interest Rates: HDFC Bank offers competitive interest rates, ensuring affordable borrowing costs for the loan tenure.
- Flexible Repayment Options: Borrowers can choose from multiple repayment methods, including bullet repayment, EMIs, and overdraft facilities, providing flexibility to suit different financial situations.
- Quick Processing: The loan approval and disbursal process is swift, often completed with minimal documentation, ensuring timely access to funds.
- Secure Storage: The pledged gold is stored securely in the bank's vaults, guaranteeing its safety until the loan is repaid.
- No End-Use Restrictions: Funds obtained through the Gold Loan can be used for various purposes, including education, medical expenses, business needs, or personal requirements.
Gold Loans offer numerous benefits, making them a popular choice for quick financial assistance. Key benefits include:
- Quick Disbursal: Gold Loans are processed and disbursed rapidly, often within a few hours, providing immediate access to funds.
- Minimal Documentation: The documentation required is minimal, typically involving only identity and address proof, making the process hassle-free.
- High Loan Amount: Borrowers can secure a substantial loan amount based on the value of their gold, making it ideal for significant financial needs.
- Lower Interest Rates: Gold Loans generally come with lower interest rates compared to unsecured loans, reducing the overall cost of borrowing.
- Flexible Repayment Options: Borrowers can choose from various repayment plans, including bullet repayment and EMIs, allowing for convenient and tailored financial planning.
- No End-Use Restrictions: The funds from a Gold Loan can be used for any purpose, including education, medical emergencies, business, or personal expenses.
- Security of Gold: The pledged gold is stored securely by the bank, ensuring its safety until the loan is repaid.
You can apply for a Gold Loan by visiting your nearest HDFC Bank branch or through our online application process.
Important Notes:
- *Loan to be granted for agricultural/business/personal purposes only.
- Loan cannot be availed for purchase of gold coins, jewels or jewellery, land or any speculative purposes.
- GST and other Government taxes, levies etc. applicable as per the prevailing rate will be charged over and above the Fees and Charges.
- All fixed rate loans up to ₹50 lacs, availed by Micro and Small Enterprises, will not be charged with foreclosure and Prepayment charges provided the same has been closed/part paid from own source of funds.
- NIL Processing Fees for loan facility up to ₹5 Lakh availed by Micro & Small Enterprises subject to submission of Udyam Registration Certificate before the disbursal.
- Loan at the sole discretion of HDFC Bank Ltd.
- *T&C- Loan Approval and ROI at the sole discretion of HDFC Bank Ltd
Frequently Asked Questions
A loan taken against your gold or jewellery is known as a Gold Loan. When you hand over your gold to the bank in return for a specific amount, it is classified as a Gold Loan. It is a quick and straightforward process to obtain funds against your gold with minimal documentation at competitive Gold Loan interest rates with flexible tenures.
An Indian Resident between the age of 18 and 75 years who is a businessman, trader, farmer, a salaried or self-employed individual is eligible to apply for a Gold Loan through HDFC Bank. You can check your eligibility through our Gold Loan eligibility calculator.
The list of documents required if you wish to apply for a Loan against Gold with HDFC Bank are:
- One Passport Size Photograph
- PAN (Permanent Account Number) Card (together with any of the below mentioned documents) or Form 60
- Passport (Not expired)
- Driving licence (Not expired)
- Voters’ ID Card
- Aadhaar Card issued by UIDAI
- Agri Allied Occupation Documentation (in case of bullet repayment for agriculture customers)
You can apply for a Loan against Gold when you require funds for a specific end-use purpose. As the turnaround time to receive the funds over the counter at any HDFC Bank branch nearest to you is 45 minutes, you can use this advantage to apply for a Gold Loan during an emergency as well.
In the situation of a Gold Loan non-repayment, the bank begins by sending reminders via email and texts to intimate the borrower regarding EMI payment. After a stipulated period, certain penal charges or interest rates are levied on the Gold Loan amount. Eventually, if the Gold Loan amount is not paid after repetitive follow-up over the due course stipulated by the bank, the bank will proceed to sell or auction the gold ornaments and repay the loan amount.
The Loan against Gold can be repaid through easy monthly instalments calculated on the interest rate and tenure offered. Loan options available are Term Loan, Overdraft or Bullet repayment facility. You can choose to repay only the interest every month or the regular EMI every month. Your monthly outflow can be as low as ₹1,000 per ₹1 lac (this is based on an indicative rate of 12% p.a.). If you choose Bullet repayment facility, then repay the interest and principal amount after 1 year.
Yes, you can foreclose or prepay your Gold Loan. However, some charges would be applicable. For foreclosure, the charges would be 1% + GST if closed within 6 months of applying for Loan against Gold. There are nil foreclosure charges if closed after 6 months.
The loan amount depends on the market value of gold at the time of application and the loan-to-value ratio set by the bank.
The EMI amount will vary based on the interest rate, tenure, and repayment option chosen.
The loan amount for 10 grams of gold will depend on its market value and the loan-to-value ratio set by the bank.
Quick gold loans with low interest—apply today!