HDFC BANK
Gold Loan

The features and benefits of the gold loan are mentioned below:

• Loan Amount: The minimum amount of loan against gold from HDFC Bank is 50,000. However, in the rural areas, the bank offers gold loan less than 50,000 as well.
• Loan Tenure: Gold Loan from HDFC Bank can be borrowed for a flexible tenure. Gold Loan is available for a minimum tenure of 6 months that can go up to 48 months.
• Turnaround Period: HDFC Bank offers Gold Loan instantly. It may take a minimum of 45 minutes to one hour for loan disbursal into your account. However, the loan processing period is subject to verification of gold and other related documents.
• Security for Loan: HDFC Bank offers gold loan against the security of your gold.
• Gold Purity: The gold used for pledging should have a purity of 18-24 carats. The bank ascertains the loan amount only after checking the gold purity.

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A loan is approved only after the borrower fulfils the eligibility criteria. An eligibility criterion is based on certain factors. Gold Loan eligibility for HDFC Bank is mentioned below:

• Who can apply: Gold Loan from HDFC Bank can be applied by salaried individuals, self-employed professionals, business-men, trader, and farmer.
• Age: An applicant of 18 years can apply for a gold loan. The maximum age for applying gold is 70 years.

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The following documents are required for applying for a gold loan with HDFC Bank:

• Aadhar Card
• PAN Card
• Valid Passport
• Voter's ID card
• Valid Driving License

Note: Gold Loan cannot be availed for purchasing gold coins, jewellery, land and other speculative things. It could be used for agricultural, business and personal purposes.

Different kinds of fees are charged by HDFC Bank that is mentioned below:

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HDFC Bank offers different types of loan products including:

• Personal Loan
• Loan against Property
• Business Loan