HDFC Bank Gold Loan

Opt for the HDFC Bank Gold Loan and address your urgent needs by pledging gold valuables as collateral. You can receive the amount at affordable rates starting from 9.30% per annum, with flexible tenure options of up to 42 months. You also have the flexibility to utilise the loan funds for agricultural, business, or personal needs.

HDFC Bank offers gold loans at competitive interest rates starting from 9.30% p.a., which can be repaid over a flexible tenure of up to 42 months. Borrowers can get lucrative gold loan options starting from ₹25,000, depending on the value of the gold being pledged. HDFC Bank provides borrowers with several repayment methods, such as EMI-based payments, bullet repayment, and an overdraft facility. Apply for a gold loan with minimal documentation, a hassle-free application process, and quick disbursal of funds.

To apply for a gold loan from HDFC Bank, applicants must meet the following eligibility conditions:

• Must be an Indian resident

• Age should be between 18 and 75 years

• Can be a salaried individual, self-employed person, trader, farmer, or entrepreneur

Applicants need to provide the following documents while applying for a gold loan:

• Passport-size photograph

• PAN card or Form 60, along with any one of the following:

  • Valid driving licence

  • Valid passport

  • Aadhaar card (issued by UIDAI)

  • Voter ID card

  • Agri Allied Occupation Documentation (only for bullet repayment option taken for agricultural purposes)

The bank may ask for additional documents during the application or loan processing. Timely submission of documents could help ensure a smooth approval process.

Know the applicable HDFC Bank Gold Loan interest rate and other associated charges before you apply.

HDFC Bank offers gold loans ranging from ₹25,000 to ₹3.5 Crores and a gold loan overdraft facility ranging from ₹5 Lakhs to ₹3.5 Crores. This amount is based on the value of the gold pledged as collateral. You can comfortably repay your loan with flexible tenures ranging from 6 to 42 months. Additionally, you can opt for a loan repayment facility that suits your financial needs:

EMI-based Repayment

Borrowers can choose to repay their loan through Equated Monthly Instalments (EMIs). The EMI consists of both the principal and interest components of the loan. This option helps you spread the repayment cost evenly across your chosen tenure, making your loan more manageable.

Bullet Repayment Facility

Borrowers using this method can choose to pay only the interest periodically, while the principal amount is paid as a lump sum at the end of the tenure. This method is beneficial for those who prefer lower payments during the loan tenure and clearing the principal amount all at once.

Overdraft Facility

HDFC Bank offers an overdraft facility against the pledged gold. Borrowers receive a credit limit equivalent to the pledged gold’s value, allowing them to withdraw funds as needed. Interest is charged only on the amount utilised.

Interest-only Payments

With this option, borrowers can continue paying only the interest regularly, while the principal amount can be repaid at any point within the tenure. This helps reduce the overall repayment burden during the loan period.

To apply for the HDFC Bank Gold Loan, follow these steps:

1. Visit the official website of HDFC Bank

2. Navigate to the ‘Gold Loan’ page

3. Click on the ‘Apply Online’ option

4. Enter your mobile number and date of birth as per your PAN card

5. Accept the terms and conditions

6. Click on ‘Get OTP’

7. Enter the OTP received

A representative from the bank will contact you for further steps. You can also visit a branch and apply offline to get the loan.