We understand that you deserve superior banking services and products. As your banking partner, we constantly strive to serve all your aspirations and needs better. That is why we bring you a unique advantage with HDFC Bank Gold Loan.
Repayment Options > EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme
Loan Tenure > 6 months to 48 months
Minimum Loan Amount > Rs. 10,000
Processing Fee > Nil
Prepayment Charges > Nil
Popular Products > Sampoorna Bharosa Gold Loan
Loan can be renewed at the end of the loan tenor.
Credit into HDFC Bank Account or DD or RTGS / NEFT / cash disbursement upto 3 Lacs for external customers.
Agricultural, Business or Personal purpose. Cannot be used for purchase of Gold Coins, Gold Jewelry, purchase of land or any speculative purpose.
Minimum 6 Months, Maximum 4 Years or 48 Months
Gold loan is sanctioned by accepting the gold ornaments of the customer as pledge. Personal loan is sanctioned on the basis of source of income and repayment capacity of an applicant. It is true that Gold loans, like personal loans or credit card borrowings, are often used for short term household requirements. However, in terms of the cost and ease of availing the loan, and the convenience when repaying, gold loans are a better bargain. Personal loans and credit card borrowings are unsecured loans and therefore may carry a higher rate of interest. Moreover, personal loans require considerable effort in documentation formalities and they commit you to an inflexible EMI schedule for repayment. Gold loans, on the other hand, are cheaper and can be availed of in minutes. You can also stretch the repayment to your convenience; the only requirement is that you have to service the interest periodically. Credit card borrowings may be easier to avail than even gold loans but the interest rates are prohibitive and it can lure people into a debt-trap.
Anyone who owns gold ornaments can avail the loan. (Note: minors are not eligible.) To obtain the loan you need to submit your gold jewellery (within a karat range of 18 to 24 k) at the branch. The loan amount that is sanctioned will be based on the gold valuation which involves verification of its purity. The weight of stones etc. fixed on the ornaments will be deducted for the purpose of valuation.
Our gold loan products have a range from 6 months to 24 months.
Once you submit your application form and supporting documents, we shall give approval within a matter of minutes provided everything is in order. All loan approvals are at the sole discretion of the branch head.
Unique triple layered security for your gold
Spot sanction and disbursal
Additional 1% discount on Rate of Interest for Preferred customer
Special interest rate for women customers
Insurance cover for your loan
Over the Counter Product –Loan disbursed in 45 minutes.
One page documentation
Unique 3 way sealing to ensure your gold is secure in our safety vault.
EMI Flexible Pricing and tenor for making a smart choice
Every Customer is an Eligible Gold Loan
Our mission is to deliver reliable, latest news and opinions.