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  • HDFC Gold Loan is Rated as "Great!" by 14432 Users
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    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.

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    HDFC Gold Loan Reviews

    • HDFC Bank Personal Loan
      "Good. Can do better in repayment"
      0.5 4.0/5 "Great!"
      HDFC Bank is quick in the process. I have taken a personal loan. The documentation is also normal. The customer services and response is good. The rate of interest and processing charges are normal, but it would be better if they do not have a lock in period. As I need to wait for one year to close the loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 24, 2018
    • HDFC Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have taken the personal loan with the HDFC bank and the interest rate is okay one for me with them. I would like to say that the response is better one with the HDFC bank and the online portal is easy to access with the HDFC bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 24, 2018
    • HDFC Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have taken the personal loan with the HDFC bank and the interest rate is okay one for me with them. I would like to say that the response is better one with the HDFC bank and the online portal is easy to access with the HDFC bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 24, 2018
    • HDFC Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have taken the personal loan with the HDFC bank and the interest rate is okay one for me with them. I would like to say that the response is better one with the HDFC bank and the online portal is easy to access with the HDFC bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 24, 2018
    • HDFC Bank Personal Loan
      "Awesome"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the HDFC bank and the interest rate is around 14% to 15%, also the customer service is good one for me with them. I would like to say that the response is also good too with the HDFC bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 24, 2018
    • HDFC Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      HDFC Bank has also offered me a personal loan and the process was normal. The document process was also good and taken on time. The rate of interest and processing charges are normal when compared to the other banks. There were no hassles overall.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 24, 2018
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      It was very convenient to get the personal loan from HDFC Bank. The customer services are good and they are responsive as well. The documentation is not much as I am a existing customer and the rate of interest and processing charges are normal when compared to the other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      HDFC bank has approved a personal loan around a year ago. The customer support service is good with the HDFC bank. The banking service is better with the HDFC BANK ,. They have disbursed the loan within 10mins of time because it is a pre approved loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Good to go"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from the HDFC bank very recently. The customer support service is good with the HDFC bank and they gave me better response in regards to my personal loan application. The loan amount got disbursed within 10 to 15 days of time. The required loan amount has been approved but I haven't got the required loan amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Satisfied with the services"
      0.5 4.5/5 "Excellent!"
      I also bank with HDFC Bank for the personal loan. This process was also smooth like my other experiences with the bank. They have always been good in the customer services. They are responsive as well. The rate of interest was on a higher side of around 12 to 13%. Good overall.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The service is average with the HDFC bank . The processing fee and the rate of interest is very high with the HDFC bank personal loan services. I have got the personal loan from the HDFC bank around 2 years ago. The customer support service is average with the HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of the interest for the personal loan with the HDFC bank was not aware from my end. The loan amount got disbursed within a week of time. Response time and other aspects are really perfect one with the HDFC bank. I am really happy with the HDFC bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 22, 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%. Customer service is also good and I have not contacted them as much. As per my experience, they have provided the service aspects up to the mark. I have not experienced their offers as much.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 21, 2018
    • HDFC Bank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a personal loan and it was a convenient process. The customer services and response is good and the document process was on time too. The interest rate and processing charges was also normal. The after loan services is also good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 20, 2018
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      Around a year ago, I have got the personal loan from the HDFC bank. The customer support service is good with the HDFC bank, They have approved my required loan amount. The HDFC bank executives came to my place to collect the documents on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • HDFC Bank Personal Loan
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      Since HDFC is with the Good banking service I have taken Personal Loan with the affordable amount of 1,50,000 . The interest rate for this personal loan is able to pay to on time , The Loan details where clearly given by the customer service, Overall the Hdfc Banking service is very Good. hdfc transfer
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have two personal loans from HDFC bank, both loans has good rate of interest. First loan I took it for Rs. 1.80 lakh it going to close next month and second loan fro the amount of Rs.4.5 lakhs. The documentation process was easy, they done the process on time.
      Was this review helpful? 0
      , lucknow
      Reviewed on Feb 20, 2018
    • HDFC Bank Personal Loan
      "Good Loan"
      0.5 5.0/5 "Blown Away!"
      With the HDFC bank recently I have Taken Personal Loan compared to other banks service and the Interest rate Hdfc bank is providing good service, Customer is very helpful Clearly Informed about the Loan details,documents where collected and submitted on time,The Loan which I have expected was not Given but this affordable amount to use. Overall the HDFC banking service for customers is Good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 19, 2018
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      My personal loan is with HDFC Bank. It was a good experience and there were no issues in the process. The customer services are good and there are no hassles in the process. The interest rate and charges are also normal and overall a smooth experience.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 17, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was an excellent experience with HDFC Bank for the personal loan. The customer services are good and the rate of interest is low and the best is that the bank show what ever they charge. There is nothing hidden. The process was good and the documentation process was really smooth.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
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