HDFC Bank Gold Loan Features and Benefits

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.

Additional Reading: How to get loans for bad credit?

HDFC Bank Gold Loan Eligibility

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.

Additional Reading: Credit rating agencies in India

HDFC Bank Gold Loan Documentation

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.

HDFC Bank Gold Loan Fees and Charges

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

Fees typePercentage
 Processing Fee Up to 1% of loan amount
 Gold Loan Foreclosure Charges 1% of the loan amount if it is closed  within 6  months
 Pre-payment Charges Up to 1%

Additional Reading: Cibil score check free online by pan number

Other Loan Products offered By HDFC Bank

HDFC Bank offers different types of loan products including:

  • Personal Loan
  • Loan against Property
  • Business Loan

Gold Loan offers from India’s most
trusted banks


Get Gold Loan with No EMI Option from Rupeek

Rupeek Gold Loans are instant secured loans with no EMI option at interest rate starting at 9.69% p.a. You can avail of emergency loan ranging from Rs 15000 to Rs 1.5 crore against gold jewellery, coins & ornaments. With bullet repayment option you repay entire loan at the end of the tenure.

HDFC Bank Gold Loan FAQs

How long does it take to get a loan application approved?


You can get HDFC gold loan application approved in 45 minutes with minimal documentation and transparent charges, subject to completion and accuracy of the documents and loan application submitted by you.

What is the repayment tenure for HDFC Gold Loan?


Typically, in case of long-term gold loan repaid in EMIs, the repayment tenure 3 to 24 months. In case of short-term loans repaid in a lump sum, the repayment tenure is up to 6 months. 

What is the current HDFC Gold Loan interest rates?


The current HDFC Gold Loan interest rates range from 7.75% to 15.95% per annum.