Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Gold Loan is Rated as "Great!" by 14260 Users
    Personal Loan BYTES FROM OUR KITCHEN

    HDFC Gold Loan

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    Overview about 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.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    HDFC Gold Loan Reviews

    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken Personal loan with HDFC bank and the loan experience was very good. The loan amount was for Rs 2.5 lakhs with the rate of interest of 14.25% which is nominal when compared to other banks. The process was very smooth and i received my loan amount within 5 days. Customer service was good and they responded on time, the tenure of this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 23, 2018
    • HDFC Bank Personal Loan
      "Good Loan overall"
      0.5 4.0/5 "Great!"
      I was in an urgency and wanted a Personal Loan pretty badly. This is when HDFC offered me the highest loan to me. I got the loan pretty easily. They gave me Rs.4.5 Lakhs, at an interest rate of 14.5%. The EMI that I need to pay was feasible to me. Their services throughout was great.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 23, 2018
    • HDFC Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have my personal loan with HDFC bank. The loan amount was 3.88 lakhs and the Interest rate was 12.5% which is average in the market. The tenure period was 4 years . The loan process was quite easy and processing fee was 4000. Here the pre -closure is allowed after 6 months.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 23, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 3.5/5 "Pretty good"
      I am having the personal loan with the HDFC bank and the interest is around 11.5%, also the customer service is better one for me. I would like to say that the response is also better one. I got the loan amount within a week of time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 23, 2018
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and processing charges are normal for the personal loan with HDFC Bank. The customer services are good and the documentation is normal. The loan was also disbursed on time. The after loan services are also good. Overall no issues.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 23, 2018
    • HDFC Bank Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I was in urgent need of loan due to my financial crisis. Where I got the proposed from HDFC bank to take my personal loan. I was in requirement of rs 4,00,000, they provided with rs 2,00,000 with 10-15 days of time. Interest rate was good in the market of 10.5% and the tenure was of 36 months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan got approved within a week time from the HDFC bank service. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges were very high with the HDFC bank, when compared with the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank executives came to my place to collect the documents on time. The promised loan amount was not disbursed . The customer support service was good with the HDFC bank. I got the loan amount within a week time . The rate of interest and the charges are high when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC bank took around a week time to disburse the loan amount. The customer support was average with the HDFC bank. The Executives came to my place to collect the documents on time. I am satisfied with the loan amount. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest offer by Hdfc personal loan department is 13 % which is fine compared to others in the market. The documents procedure was very smooth they have collected all the documents from my door step and the customer support was good. It was a good experience dealing with HDFC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      HDFC personal loan department was good. The customer support was prompt. They had offered me a rate of interest of 11 % which was fine and the documents were collected from my door step.It was a good experience with Hdfc personal loan department.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 22, 2018
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I just came to know the rate of interest what HDFC has offered me was low compared to others. I have taken 3L as a personal loan. The payment of 9,340 rupees will be auto debited from my account. The tenure period was 3 years. I had submitted my documents manually. I got msg saying loan was disbursed but I received the amount after one week.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2018
    • HDFC Bank Personal Loan
      "Best "
      0.5 4.0/5 "Great!"
      I got the personal loan with the HDFC bank and the rate of interest was around 13%. I would like to say that the customer service was better one with them and I got the disbursement after ten to twelve days of time from the date, when I have applied.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest quoted by Hdfc personal loan department is 11% which is good compared to others in the market. They offer me a loan amount of 1.3 lakhs and the process was very fast . The documents procedure was been easy and it was a good experience with Hdfc personal loan department.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was good with HDFC Bank and I paid my first installment as well. They offered a nominal interest rate when compared to others. I have taken 5L and the monthly installment is 11,000 which will be debited automatically. The executive collected the documents at my office. The EMI duration is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank.The loan amount is two lakhs,rate of interest is high as compared to others.I submitted documents online and the EMI amount is 5875.They had disbursed the loan within the TAT,i would recommend to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Need to reduce the interest"
      0.5 4.0/5 "Great!"
      I got the personal loan around a year ago from HDFC bank. I got the loan amount within 2 to 3 weeks of time. The customer support team is average with the HDFC bank . The rate of interest is very high with HDFC bank personal loan process, it is high when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the HDFC bank and the interest rate is around 14% and the customer service is good one for me with them. Response is not really bad one to me. Customer service and other aspects are really good too with the HDFC bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 19, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank 1 year back. Its a pre approved loan and the loan amount was 70,000. The Interest rate was 14% which is average in the market. The loan process was excellent and with in 10 mins of time the whole process got over. Its a paperless documentation. My overall experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with HDFC bank. The loan amount was 1lakh and the Interest rate was 12.49% which is very high than other banks in the market. The tenure period was 1 year. The process was quite easy and they have provided door step service for collecting documents, My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
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