Interest Rate & Loan Details
- Interest Rate: Starting from 9.3% per annum.
- Processing Fee: Maximum 1% of the disbursal amount plus applicable taxes.
- Valuation Charges:
- ₹300 + applicable taxes for loan amounts up to ₹1.60 lakh per packet per loan.
- ₹700 + applicable taxes for loan amounts above ₹1.60 lakh up to ₹10 lakh per packet per loan.
- ₹900 + applicable taxes for loan amounts above ₹10 lakh per packet per loan.
- Loan Tenure: Flexible repayment tenure ranging from 6 to 24 months.
Eligibility Criteria for HDFC Bank Gold Loan
To qualify for an HDFC Bank Gold Loan, you must meet the following criteria:
- Age: Applicants older than 75 can apply with a co-applicant.
- Occupation: Open to salaried professionals, self-employed individuals, business owners, entrepreneurs, students, senior citizens, pensioners, and homemakers.
- Gold Quality: Gold jewelry with purity between 18K to 22K is accepted.
- Loan-to-Value Ratio: Up to 75% of the gold's value.
Documents Required
Key documents required to apply for an HDFC Bank Gold Loan:
- Identity and Address Proof: Any one of the following:
- Passport (Not expired)
- Driving License (Not expired)
- Voter's ID Card
- Aadhaar Card issued by UIDAI
- PAN Card: Required along with the above documents or Form 60.
- Photograph: One passport-size photograph.
- Agri Allied Occupation Documentation: Required in case of bullet repayment for agriculture customers.
Key Considerations
- Processing Time: HDFC Bank sanctions Gold Loans in less than 45 minutes.
- Repayment Options: Flexible repayment tenures with options for EMI or lump sum payments.
