Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Gold Loan Reviews

    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC bank has approved the loan within 48hours of time. The customer service is very good with HDFC bank. The rate of interest is nominal with HDFC bank. The processing fee and the charges are nominal with the HDFC bank. This loan tenure is for 4years.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC bank. They have approached me immediately and processed it. Here the rate of interest was 14.5% which is bit high comparing to other banks . They are providing door step service for documentation collection. My overall experience was good.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Professional Service"
      0.5 5.0/5 "Blown Away!"
      Four years back I took personal loan from HDFC through online channel, at the time they done a manual process. People from HDFC, came and collected my papers from my place and done the process within four days. They offered me the rate of interest around 11.99% for the loan amount around Rs. 5.10 lakhs, still running without any hassles.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The product information was not given on time by HDFC bank., The Loan documents were not shared by HDFC bank executive. They have disbursed my loan amount within 20days of time, They have sent their executive to my place to collect the documents on time. The rate of interest is high when compared with others banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank has taken just 3 hours time to disburse my loan amount., They have offered me a pre approved loan because I am customer of HDFC bank ,. The rate of interest is high with HDFC bank when compared with others. The Fore Closure and the part payment option is available with HDFC bank personal loans.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      I couldn't got HDFC bank personal loan because there is no proper address proof and the Id proof in my present residence so that was the reason I haven't got the loan with HDFC bank. The rate of interest which they have offered was nominal with HDFC bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      I was not interested to avail any personal loan right now hence I didn't go head with HDFC. Therefore my loan application got closed, But I got good response from their end, they contacted me on loan process and also they gave me good rate of interest.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Already my existing car loan was running with AXIS, hence HDFC told me I don't have eligibility to take personal loan with them. I have requested the principal amount of Rs. 2 lakhs, atleast HDFC would have sanction lower principal amount. But I am fine with their service and rate of interest is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am a salary holder of HDFC hence I have closed my online channel application for Personal loan. I approached the HDFC directly by my existing account. They have approved my loan within a day and done the disbursement. I am very fine about quick process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Good loan"
      0.5 4.0/5 "Great!"
      HDFC Bank personal loan process is very nice and it is very good. Interest rate and processing fee charged by HDFC Bank was also good. Even the prepayment options were good. This loan is closed automatically as I completed paying all the EMI also I had received the closure letter from them on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Interest rate is best in the market"
      0.5 3.0/5 "Satisfactory"
      I applied the HDFC personal loan through online channel, they said bank person would reach me for the loan process . But from the bank end there was no response. Then again I put request in other online channel they helped to connect with HDFC. I got disbursement with 10.99% for the principal amount of Rs.7.5 lakhs everything is fine, expect customer support, HDFC should work on it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The HDFC executive gave a call on time and explained me about the product and they told that they send a executive to collect the documents but they never sent any one, so that was the reason I haven't got the loan with the HDFC bank. The rate of interest which was offered by HDFC bank was nominal but the HDFC bank is not willing to approve the loan .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I got the personal loan with HDFC bank around 3 months ago. They have disbursed my loan amount within 1 week a time. This loan has the tenure of 4 years. The customer service gave prompt response from HDFC bank. The required loan amount has been disbursed by HDFC bank. The rate of interest is nominal with HDFC bank, when compared with others.
      Was this review helpful? 0
      , gulbarga
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from HDFC bank around 3 years ago. The service was excellent with HDFC bank. They have disbursed my loan within a week time. The customer service was very prompt in their response. The required loan amount was been disbursed by HDFC bank. The rate of interest is nominal from HDFC .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Interesting banking"
      0.5 4.0/5 "Great!"
      i have applied for a personal loan application with HDFC bank were the rate of interest is 14.99% while comparing with others it was too high. The approved loan amount from the bank is 3 lakhs 50 thousand rupees with 9700 as EMI for 4 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Good not bad"
      0.5 4.0/5 "Great!"
      I have found HDFC process is a late process as we have to wait for a longer time. Also we have to wait for a long time. Documents needs to produced which has no secure we dont know which vendor they are with .Rate of interest is very high it would be great if they reduce rate of interest and compete with others in the market according to norms .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Best bank"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank is the best bank that I had ever had. It is very nice it provides great services to customers. Other banks does not function like HDFC. HDFC respects their customers a lot. No mistakes till now. HDFC resolves the customer query in 24 hrs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Services are good with a high roi"
      0.5 4.0/5 "Great!"
      I have taken my personal loan from HDFC Bank and the process was nice. I got the loan as expected, just that the interest rate was on the higher side. The processing charges was also high. Else I received the funds on time and there were no hassles.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Recommendable"
      0.5 4.5/5 "Excellent!"
      I already bank with HDFC Bank, and the personal loan process was also smooth for me. Though there was a slight delay in between, it was okay. I got the loan through. I am comfortable with the interest rate and processing charges. It was around 10%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Overall good. Can reduce the ROI"
      0.5 4.5/5 "Excellent!"
      I received the personal loan within in one week from HDFC Bank. After the loan was disbursed I got the EMI details as well and the loan kit. There is a preclosure option after six month. The interest rate is high, it was of 13.99% and the processing charges was reasonable for me.
      Was this review helpful? 0
      , udaipur
      Reviewed on Sep 18, 2017
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    HDFC Gold Loan is Rated as "Great!" by 13136 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    HDFC Gold Loan

    Apply for Personal Loan

    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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