HDFC Gold Loan Interest Rate, Details, Calculator and Apply 2024: In this article, we will know in detail what is HDFC Gold Loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so read this article till the end.
When we take a loan by pledging our gold ornaments, ornaments or gold coins, then it is a gold loan. You can avail HDFC Gold Loan to meet any of your needs like marriage expenses, medical emergency, higher education, for travel, home renovation etc.
HDFC Gold Loan
Gold loan comes under the category of a Secured Loan i.e. you have to give collateral or security to take this loan. To take a loan, you have to pledge your gold as collateral or security. The bank checks the customer’s CIBIL score before giving HDFC Gold Loan, so you should have a good credit history to avail the loan.
If your CIBIL score is very good and you are an existing customer of the bank, then you can take advantage of the attractive gold loan interest rate of HDFC Gold Loan. You can apply for this loan both online and offline. You can get a loan in just 45 minutes with minimal documentation and transparent charges. HDFC Gold loan interest rate starts from 9.90% p.a.
HDFC Gold Loan Benefits and Features
- Any person can take advantage of this loan for any purpose.
- If you fulfill all the conditions of the bank then you can get a gold loan in just 45 minutes.
- HDFC Gold loan interest rate starts from 9.90% p.a.
- Attractive interest rates.
- Fast processing.
- The minimum loan amount that can be taken under HDFC Gold Loan is Rs 25000.
- Under HDFC Bank Gold Loan, you can get the loan amount as per your need.
- The loan tenure of HDFC Gold Loan is from 3 months to 24 months.
- No hidden charges.
- You can foreclose or prepay your gold loan but for this you have to pay a fee which is 2% + GST. You have to pay this fee only if you are foreclosing the loan before 6 months. If you foreclose after 6 months then you do not have to pay any fee.
- HDFC Gold loan processing fee is up to 1% of the loan amount.
- With the help of HDFC Gold Loan Calculator, you can calculate the EMI of your loan, which will help you to know how much installment you will have to pay at the time of loan repayment.
Read Also: ICICI Bank Gold Loan
HDFC Gold Loan interest rate 2023
HDFC Gold loan interest rate starts from 9.90% p.a. Gold loan interest rate may vary depending on the applicant’s credit history, income, employment status, purity of gold, etc. If your credit score is very good and you fulfill all the conditions of HDFC Gold Loan then you can get Gold Loan at low interest rate.
It is important for you to be aware of the gold loan interest rate of various banks and financial institutions so that you can find the cheapest gold loan. Gold loan interest rate affects the EMI of the loan more.
HDFC Gold loan calculator
Before applying for a gold loan, you should calculate your loan EMI with the help of HDFC Gold Loan Calculator. By calculating the EMI of your loan, you can find out how much installment you will have to pay at the time of loan repayment and you can plan the loan accordingly.
You can calculate the EMI of your loan by visiting the official website of the bank with the help of Gold loan EMI calculator. Gold loan EMI depends on the loan amount, interest rate, loan tenure, processing fee, etc. You can apply for the cheapest gold loan by comparing EMI of gold loan from different banks.
HDFC Bank Gold loan Fees & Charges
| processing fee | 1% of loan amount |
| assessment fee | Up to Rs.250 + 1.5 lakh per packet per loan applicable Tax above Rs.575 + 1.5 lakh per packet per loan |
| foreclosure charges | 1% + applicable taxes |
| Stamp duty and other statutory charges | on the real |
| renewal processing fee | Rs.350 + applicable taxes |
| auction fee | according to actual |
| prepayment fee | 1% + applicable taxes |
| Cheque / ECS / SI / Swapping Charges | Rs 200 + GST |
| bounce fee | Rs 200 + GST |
| Legal and collection fees | on the real |
| CIBIL Report Copy Fee | 50 rupees |
| Duplicate Amortization / Repayment Schedule Fee | Rs 200+ GST |
| TOD Fee (Overdraft) | 18% per annum |
| default interest/penalty | 2% |
HDFC Gold Loan Eligibility
Only those people can apply for this gold loan who are eligible for it. You can calculate your eligibility with the help of HDFC Gold Loan Eligibility Calculator.
The eligibility to apply for HDFC Bank Gold Loan is as follows:
- Any person who is in urgent need of money can apply for this loan.
- To take a gold loan, you have to mortgage your gold, which can be gold ornaments, ornaments or gold coins.
- Businessman, trader, farmer, a salaried or self-employed is eligible.
- Applicant must be an Indian resident.
- Applicant’s age should be between 21 to 60 years.
Documents Need for HDFC Bank Gold Loan
Before applying for the loan, you have to check that you have all the documents. Before applying, you should keep all your documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately. For more information about the document, you can contact your nearest bank branch.
To apply you must have the following documents:
- One passport size photo
- Pan card
- Form 60
- Passport
- Driving license
- Voter ID Card
- Aadhar card
- Agriculture Allied Business Documentation (in case of Bullet Repayment for Agriculture Customers)
HDFC Gold Loan Apply
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. To apply, follow the steps given below:
HDFC Bank Gold Loan Apply online
- First of all you have to visit the official website of HDFC Bank hdfcbank.com.
- After coming to the home page of the website, click on the option of Gold Loan in the option of Loans.
- After clicking, complete information about HDFC Gold Loan will come in front of you.
- To apply, click on the option of Apply Online.
- Verify OTP by entering your mobile number.
- Then you have to give some important details.
- After you fill the online form, the bank will contact you and the loan process will be issued further.
How to apply offline?
- To apply offline, you have to first go to your nearest HDFC Bank branch.
- Contact the bank employee who will provide you complete information about gold loan.
- Then will assess your gold and will provide you information about your eligibility, how much loan you are eligible for.
- Will verify your documents.
- You have to fill a form and attach the documents with it and submit it to the bank there.
- If your loan is approved then the loan amount will be transferred to your bank account.
HDFC Gold loan Customer Care Number
If you want to get any other information about this loan, then you can get information by calling on HDFC Bank customer care number.
- Customer Care : 1800 202 6161 / 1860 267 6161
My Last Toughts:
In this article, we have provided you complete information about HDFC Gold Loan. Any person who is in urgent need of money can apply for this HDFC Gold Loan.
Hope friends, you have found this article informative. If you liked the information given in this article, then please share it as much as possible.
FAQs HDFC Gold Loan:
How can I get a Gold Loan from HDFC Bank?
You have to apply to take a gold loan from HDFC Bank. You can apply by following the information given in this article.
What is the interest rate of Gold Loan in HDFC?
The interest rate starts from 9.90% p.a.
How much gold loan can I take from HDFC Bank?
The minimum loan you can get is Rs 25,000, the maximum you can get as per your requirement.
What is the processing fee for this Gold Loan?
1% of the loan amount
For how long can I take this loan?
The tenure of this loan is up to a maximum of 2 years..
Can I foreclose my loan and what are the charges for the same?
Yes you can foreclose your loan. Foreclosure after 6 months, you are charged up to 2% + GST.