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    • HDFC Gold Loan is Rated as "Great!" by 15252 Users

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    HDFC Gold Loan

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    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.

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    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

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    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.

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    HDFC Gold Loan Reviews

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    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC BANK my experience was excellent with his bank there rate of interest and there processing fee is nominal and even they gave me good tenure period as i want and they don't take any hidden charges with interest rate. even support team response well.
      Was this review helpful? 2

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      , mumbai
      Reviewed on Oct 20, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with HDFC BANK my experience was excellent with his bank there rate of interest and there processing fee is nominal and even they gave me good tenure period as i want and they don't take any hidden charges with interest rate. even support team response well.
      Was this review helpful? 0

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      , hyderabad
      Reviewed on Oct 20, 2018
    • HDFC Bank Personal Loan
      "Not Satisfactory"
      0.5 1.0/5 "Really Bad"
      The experience with this loan has been good and loan amount has been less. The interest rate has been high when compared with the market rate and there has not been a good response from their side. The customer support has not made any follow ups during the process as well.
      Was this review helpful? 0

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      , noida
      Reviewed on Oct 19, 2018
    • HDFC Bank Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      HDFC Bank has processed my personal loan on time. The rate of interest is pretty high. It is of 17.5% and the processing fees is approximately 2%. The loan amount processed was not as per my requirement. I needed two lakhs, but I got only 1.36 Lakh.
      Was this review helpful? 0

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      , coimbatore
      Reviewed on Oct 18, 2018
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      The experience at HDFC Bank is overall good. I have taken a personal loan and the process was on time. I also received the loan as per my requirement. The rate of interest is around 13% and there was a processing fee too. The documents were collected on time.
      Was this review helpful? 0

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      , bangalore
      Reviewed on Oct 18, 2018
    • HDFC Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Hdfc bank . Am satisfied with the rate of interest which they have provided Is high . There is nominal processing fees for the loan which is nominal one. I make the payments through Ecs every month. They did quick documentation and received the loan.
      Was this review helpful? 6

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      , chennai
      Reviewed on Oct 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience in getting a personal loan from them where the process in getting the loan had been smooth and easy. The loan amount which they had provided had been sufficient and fulfilled the requirements. The interest rate with them was also not too high compared with the market rate.
      Was this review helpful? 5

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      , kolkata
      Reviewed on Oct 17, 2018
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC BANK , they charged 10.99% rate of interest and they have not Charge processing fee with this bank . I got best service through this bank the process was very smooth and easy . They provide me sufficient tenure period .
      Was this review helpful? 5

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      , navi mumbai
      Reviewed on Oct 17, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC BANK my exoerience was excellent with his bank there rate of interest and there processing fee is nominal and even they gave me good tenure period as i want and they don't take any hidden charges with interest rate. even support team response well.
      Was this review helpful? 3

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      , chennai
      Reviewed on Oct 15, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience with this bank was good,the loan which i expected i got even rate of interest and processing fee is nominal compared to other banks.customer support team is good and they response to me very well.
      Was this review helpful? 3

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      , chennai
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Need to reduce ROI"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with HDFC bank for personal loan, documents were collected on time and the process was completed within 1 week. The loan amount was for Rs 2.5 lacs for 4 years with little high interest rate. Customer service was good and they followed up on time.
      Was this review helpful? 5

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      , hyderabad
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with this loan where the process in getting this loan has been smooth and easy. The interest rate which they had offered has been less when compared with the market rate and the loan amount which they had provided has been satisfactory as well. Their customer support also had been helpful during the process as well.
      Was this review helpful? 4

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      , mumbai
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 1 lac with nominal interest rate when compared to other banks. Customer service was good and they responded on time. The tenure period for this loan is for 3 years.
      Was this review helpful? 6

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      , bangalore
      Reviewed on Oct 11, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank process for the personal loan was good. The customer support is good and they are responsive as well. The rate of interest and processing charges is fine. The after loan services are good too. It has always been a good experience for me with the bank.
      Was this review helpful? 5

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      , hyderabad
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It had been a good experience with this loan and the loan amount which they had been provided has been good. I was satisfied with the loan amount whcih they had provided and the interest rate with them has been nominal when compared with the market rate as well. There has been some charges and there has also been a processing fee which has been nominal.
      Was this review helpful? 3

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      , bangalore
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Hdfc bank . Am satisfied with the rate of interest which they have provided . There is processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 2.5 years . They did quick documentation and received the loan.
      Was this review helpful? 3

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      , hyderabad
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan earlier with HDFC Bank. The process was very smooth and easy and there were no issues to get the loan. The customer support and response is good and the rate of interest and processing charges is normal too. Overall good.
      Was this review helpful? 4

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      , mumbai
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.5/5 "Excellent!"
      Its instant paperless approval personal loan which i got from Hdfc bank. As the rate of interest is satisfactory based on the market price. Their customer service is way good an response was quick .I have chosen the tenure period of1 years and there is nil processing fees.
      Was this review helpful? 3

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      , gurgaon
      Reviewed on Oct 10, 2018
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan where the interest rate of interest with them has been low when compared with the market rate, where it was around 11% to 12%. The loan amount which they had provided had been satisfactory as well as there has not been any sort of additional charges which have been made by them but there was processing fee which was nominal.
      Was this review helpful? 5

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      , new delhi
      Reviewed on Oct 09, 2018
    • HDFC Bank Personal Loan
      "Best In Service"
      0.5 5.0/5 "Blown Away!"
      I was in a Emergency need and applied a Personal loan with HDFC. At the Beginning had a limited response as i was not eligible in few parameters, but keeping all those aside they understood my emergency concern and provided me loan. Thankful to HDFC for understanding a Customer's need.
      Was this review helpful? 1

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      , secunderabad
      Reviewed on Oct 09, 2018
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