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  • HDFC Gold Loan is Rated as "Great!" by 15664 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 4.0/5 "Great!"
      There is no particular reason for taking the personal loan with the HDFC BANK but the process of applying the personal loan is simple ans easy to get the loan. The loan amount is satisfactory what they have offered added on that the rate of interest is with lower.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It has been a good experience with this loan and the loan got disbursed in a short period of time. There has not been any hassle faced with the banking services of them, even their customer support has been responsive has been helpful. There has not been any extra charges made by them.
      Was this review helpful? 3
      , kolkata
      Reviewed on Dec 14, 2018
    • HDFC Bank Personal Loan
      "Easy to get a loan"
      0.5 4.5/5 "Excellent!"
      They have processed the loan immediately. I have received the loan amount of Rs. 1.5 lakhs. I have received the loan on time. I'm happy about the interest rate since its a instant loan. There was no documentation has collected. Total tenure period of the loan is 2 years and I'm about to close it.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Dec 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with HDFC bank and my experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good with this bank and the tenure period is 5 years for this loan.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Dec 14, 2018
    • HDFC Bank Personal Loan
      "Nice process"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank is good in the personal loan. They were very fast in the process. I also got the loan on time and the rate of interest and processing charges is nominal. The experience is fine and the after loan services are good too. Till date no hassles.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 14, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with HDFC bank for long time, there service is good, they have given me sufficient loan amount , and the rate of interest they have charged me is nominal, it is pre-approval loan , and even processing fee is nominal, overall service is good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      I recently took another personal loan from HDFC Bank. They offered me the same rate of interest of 13% to 14% like the first time. The loan amount was of 1.80 Lakh this time. The after loan services are good too. Overall no hassles and satisfactory.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My first personal loan with HDFC Bank was in the year 2013. The process of documentation and the loan process was good. The rate of interest was around 13% to 14% and the amount was of five lakhs. The after loan services are good too. Overall no issues. No comparison of HDFC bank service with any other bank
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with HDFC bank recently, i am not much satisfied with my loan amount it is too less they have given me, i have expected more, and the rate of interest they have charged me up to 12% or more than that , i am not sure need to check it, it bit high they have charged and there processing fee they have charged me was nominal and even for insurance they have charged me , there service is good they have keep on follow up and i got loan on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "This loan fulfills my requirements"
      0.5 5.0/5 "Blown Away!"
      One month before i have applied the personal loan with HDFC since I'm holding a salary account. I have applied the loan amount of Rs. 3 lakhs and they have sanctioned the same. I have been paying the EMI of rs. 8550. I make the payment through ECS. Total tenure period of the loan is 4 years. They have provided me a interest rate of 14%
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I Have taken personal loan from the Hdfc bank , they have given good rate of interest which is satisfactory . There are nominal charges for the processing for approval and documentation . Am satisfied with the customer service as they have explained the terms and condition for the loan . But we are unable to pre close the loan with in the year.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Communication gap should be eliminated"
      0.5 3.0/5 "Satisfactory"
      The interest rate is good but I done too much for follow up to know the status, it would be great if they properly respond to the customer on the application part, the customer has to be updated with the right information. Before 5 months I have taken this loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      I obtained HDFC loan they charged 15% of interest for the amount of Rs. 8 lakhs for the tenure of 5 years, I pay the emi around Rs. 21000. I am not happy with the interest, I felt percentage of the loan is huge compared to other banks, it should be reduced.
      Was this review helpful? 1
      , ludhiana
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been applied my personal loan with HDFC bank recently, the loan amount they have given me was sufficient they have given me up to 91,000,and the rate of interest they have charged me was higher, they have me up to 20%, and the processing fee is nominal, the process went smoothly.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 12, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been applied my personal loan with HDFC bank recently, the loan amount they have given me was sufficient, and the rate of interest while applying they said it would be charging 10.5% but after getting loan they have charge me up to 16% which was too high , the processing fee they have charged me was nominal,apart of that process went smoothly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 12, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been applied my personal loan with HDFC bank recently, the loan amount they have given me was sufficient,the rate of interest they have charged me is high up to 17.5% compare to other bank, and the processing fee was so-so not nominal not high as well they have charged me and there was delay in loan amount due to some technical issue,as they have said that they will give credit card as an complimentary.
      Was this review helpful? 0
      , chittorgarh
      Reviewed on Dec 12, 2018
    • HDFC Bank Personal Loan
      "Bad experience"
      0.5 2.0/5 "Expected more"
      I have applied my personal loan with HDFC bank recently, they have given me too less loan amount it not based on my expectation and the rate of interest while i applied it showed as 11.25% but after getting my loan they have charged me up to 17% which is too high , the processing fee they have charged me was nominal , and even there was delay in loan amount they have given me after 10-15 days, there overall service is not up to the mark.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Dec 12, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan from HDFC bank for long time, there rate of interest they have charged to me was nominal, which was fine with me and there processing fee they have charge me was nominal , and they have provided good service and the loan amount which they have given us was sufficient.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 12, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from the Hdfc bank which took around 1 week for approval and documentation . Am satisfied with the rate of interest high which they have provided . They charged some nominal for processing fees with the tenure period of 1 years .Their customer service and service is good.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 12, 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 which is promising one . There is processing fees for the loan and pre closure charges are there . I make the payments through ECS every month . Its been approved in 7 minutes.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 12, 2018
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