Multiple banks. Different interest rates. Call it a "conflict of interest".
  • HDFC Gold Loan is Rated as "Great!" by 16632 Users

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    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    HDFC Gold Loan

    Gold is a lucrative investment, offering great returns at low risks, with Indians accounting for a major portion of gold purchased globally. A unique advantage of investing in gold is the liquidity it offers, with it easy to avail a loan against it. HDFC Bank offers a specialised gold loan scheme, Sampoorna Bharosa Gold Loan, designed to provide financial aid to individuals in lieu of their gold. Available across all HDFC branches in the country, it is an easy to avail loan which can be used to meet multiple financial requirements.

    Features of HDFC Gold Loan

    Some of the distinguishing features of HDFC Sampoorna Bharosa Gold Loan are highlighted below.

    • Multipurpose loan – Loan amount can be used to meet any genuine financial requirement.
    • Quick approval – Minimal documentation results in quick approval, minus any hassles and delays.
    • Loan amount – Individuals can avail loan amounts which suit their needs, with HDFC Bank open to consider loan amounts on a case by case basis.
    • Prepayment – Borrowers can prepay the loan, without worrying about excessive prepayment charges.
    • Competitive interest rates – Interest charged by HDFC Bank on this gold loan scheme is highly competitive, with special rates offered under certain circumstances.
    • Transparent – There are no hidden charges, with transparency maintained at all stages.
    • Safety – The collateral pledged by individuals is kept safe, with a 3 tier sealing system in place.
    • Low processing fee - Borrowers are charged a minimal processing fee, keeping general trends and competition in mind.
    • Flexible repayment – The loan can be repaid through flexible EMIs, with borrowers having an option to choose a tenure which suits their repayment needs.

    HDFC Gold Loan Interest Rates

    Interest rates charged by HDFC on its Sampoorna Bharosa Gold Loan vary depending on the loan tenure, amount and borrower. Current rates range between 9.70% per annum and 20.18% per annum, with the quality of gold also playing an important role in determining this rate. Average rates charged by HDFC Bank fall in the range of 12-13% per annum, making it highly competitive.

    HDFC Bank offers special rates to women and existing customers of their products and services.

    Note: Rates mentioned above are as of May 2016, with these rates subject to change without any notice. Applicants should check the rates applicable before availing a loan.

    Eligibility criteria to avail HDFC Gold Loan

    Individuals who wish to avail this gold loan need to satisfy a few basic criteria.

    • Income – Applicants should have sufficient income to repay the loan amount.
    • Security – Applicants can avail this loan only on providing security in the form of gold.

    Documents required for HDFC Gold Loan

    HDFC has minimised the documentation process for this loan offering, with a single page procedure in place. The following documents need to be submitted in order to process an application.

    • Valid ID proof – Valid government approved ID proof (PAN card, Passport, DL, etc.)
    • Valid address proof – Valid government approved address proof (utility bill, passport, Aadhar card, ration card, etc.)
    • Application form – Duly filled and signed application form

    HDFC Bank might ask for any other documents it feels are necessary to complete application formalities.

    Fees and charges associated with HDFC Gold Loan

    The table below highlights the various charges associated with this gold loan.

    Fee/Charge type Fee/charge amount
    Processing fee* 0.5% of loan amount
    Prepayment/foreclosure charges

    Max – 1%

    Borrowers can also approach the bank to waive off such charges

    Valuation fee

    Max – Rs 500, for loans over Rs 1.5 lakhs

    Min – Rs 250, for loans up to Rs 1.5 lakhs

    Renewal charges Rs 250 (maximum)

    *Note: HDFC Bank may choose to waive the processing fee, at its sole discretion, based on its relationship with a borrower.

    HDFC Gold Loan FAQs

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

      HDFC’s Sampoorna Bharosa Gold Loan has been designed as an over the counter loan, with it possible to avail a loan in under an hour, subject to applicants meeting certain basic eligibility criteria.

    2. What is the repayment tenure for this loan?

      This loan comes with flexible repayment tenures, ranging between 6 months and 4 years.

    3. What is the minimum loan amount offered under this scheme?

      A. The minimum loan amount has been kept at Rs 50,000 for urban markets. Rural borrowers can avail loans below this amount, with HDFC Bank open to offer loans on the basis of individual requirement.

    4. Are there any purposes for which this loan cannot be used?

      Yes, this loan can be used only for personal/business use, with HDFC prohibiting the use of this loan to purchase gold, land or market speculations.

    5. Is it possible to get a lower interest rate on this loan?

      Yes, existing customers can negotiate interest rates with the bank, availing an opportunity to lower rates.

    6. Can one apply for this loan online?

      Yes, individuals can apply for this loan online, by logging onto the official website of HDFC Bank, India.

    HDFC Gold Loan Reviews

    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the HDFC BANK the process of getting the loan beginning from the documentation process and also the approval and the dispersal of the loan was simple and easy. I have done foreclosure this loan before 2 years they have offered the rate of interest which was 11.9%.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC Personal Loan .The agent gave clear details about the process . The rate of interest details was not asked and also dont have any idea about the processing fee as well . I have taken the personal loan through some other source.The Overall Service is Good .
      Was this review helpful? 0
      , bareilly
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the HDFC BANK, the documentation process was simple and quickly i got the loan within few days. The loan amount they have offered was 2L and the rate of interest was 10.99% which was nominal than compared to the others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC personal loan. The agent clearly explained the process .The rate of interest is nominaland the procesing fee is also nominal.I have taken the personal loan through some other source since the loan got sanctioned immediately .Other than that the Overall Sevice is good .
      Was this review helpful? 0
      , mirzapur
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have directly taken the Personal Loan through HDFC Bank .The rate of interest is nominal and there was processing fee but it is less.I got loan my Loan amount within 3 days of time .The process of document submission not yet faced any issues .The agent clearly explained the proccess .The Overall service is good and satisfactory.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have applied a Hdfc bank personal loan. The loan amount was Rs. 490000.I have not submitted any documents to the bank.I have changed my mind not to apply loan so it got rejected from bank end. Customer service and responsiveness is really good.
      Was this review helpful? 0
      , patiala
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My experience is not more then good with HDFC bank . I am not satisfied with loan amount rs2.60Lack and my tenure is 3 years and my rate of interested is high my expectation is 4.5Lbut I got this amount their customer service is good after approval withing ten days I got my loan amount .
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank Personal Loan . The agent clearly explained the process of the loan .The rate of interest was high and there was processing fee as well .Since not require personal loan cancelled the plan of taking the loanand the overall service is good.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Easy loan"
      0.5 1.0/5 "Really Bad"
      I have applied a personal loan from Hdfc Bank the loan amount was Rs. 450000.No one contacted me for the documentation.I applied a loan from Axis Bank it got approved the documentation.I applied a loan from Axis Bank it got approved..Customer service and responsiveness is okay
      Was this review helpful? 0
      , sambalpur
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My loan amount is 2Lack and tenure is 3 years I was taken HDFC bank personal loan last one month and my experience is good . But rate of interested is high I am not satisfied with rate of interested and rest of good . After approval withing seven days I got loan amount . And customer service is good .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank Personal Loan .The agent explained the process of the loan .The rate of interest was high and there was processing fee as well.Ihave cancelled the plan of taking loan due to high rate of interest . Other than that the overall service is good .
      Was this review helpful? 0
      , patna
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I got my loan amount from HDFC bank and my experience is good after approval withing three days I got amount and customer service is good and response properly ; my loan amount is 20Lack and tenure is 4 years and rate of interested is 11.25% is nominal and my emi amount is 51000 thousand and I am satisfied with hdfc bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied HDFC Personal Loan . The agent clearly explained the processof the personal loan . The rate of interest was high and got details about processing fee as well .I have cancelled the plan of taking personal loan since need the amount after 2 months hence got the loan from other Bank.
      Was this review helpful? 0
      , surendranagar
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I came to apply for HDFC Personal Loan not yet faced any issues till now .The rate of interest was high .I have not got any information about the processing fee .The agent clearly explained the process . I have not taken HDFC personal Loan since they are not providing the exact loan got the details about Kisan loan .The Overall Service is good .
      Was this review helpful? 0
      , sagar
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "Good Customer support "
      0.5 5.0/5 "Blown Away!"
      HDFC offered me a persona loan based on my salary account . They taken 15 days of time for sanctioning my account .Very supportive and helping service . As per company norms , they charged me Processing fees and Rate of Interest . I took more than 2 lakh for 36 months of EMI period .
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 18, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I have applied for HDFC Bank Personal Loan .I have not yet faced any issues.The agent clearly explained the process.The rate of interest is nominal .I have not taken the personal loan since got from some other source .Other than that the Overall service is good.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Mar 18, 2019
    • HDFC Bank Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with HDFC BANK . They need to be more transparency . The loan amount what they gave was satisfactory . They charge nominal rate of interest . But i am happy with personal loan .and last one year past taken my loan my tenure is four years. customer service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 18, 2019
    • HDFC Bank Personal Loan
      "Easy loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a Hdfc Bank personal loan the loan amount was Rs. 610000.The rate of interest they charged around 13% i am really happy about the rate of interest. They provided door step to collected my documents.I have received the loan amount within 10 seconds . There is a no Pre-closure charges Customer service is really wonderful.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 18, 2019
    • HDFC Bank Personal Loan
      "Good loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a Hdfc Bank personal loan the loan amount was Rs. 600000 .The rate of interest they charged very high around 16% i am really not happy about the rate of interest.I only informed to close the loan. They provided door step to collected my documents.Customer service is good.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 18, 2019
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the HDFC BANK the banking process was good and they have approved the loan with quick process also the documentation process was so quick and simple. They have offered the loan amount which is more than sufficient.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 18, 2019
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