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

    We found 1 HDFC Gold Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    HDFC Gold Loan is Rated as "Great!" by 12336 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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
      "Need to improve in services"
      0.5 1.0/5 "Really Bad"
      My personal loan is from HDFC Bank and the services has not been up to the mark. They need to know how to handle a customer and how to communicate as well. The team has to be more professional. The interest rate and charges is not a concern but the services is not satisfactory.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      HDFC Bank personal loan is fine, There is no drawback till now. There is no issues or challenges with them as such. They dint ask for too many documents for loan processing.The loan amount I have opted for 98 thousand and the rate of interest is 12.15% processing fee and charges 2400.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The service was not bad with HDFC on my personal loan. They gave prompt response on my personal loan application. The interest rate was on the higher side. They took around 1 week to disburse my personal loan.I can say the whole Loan process just took a week time. Overall I am satisfied with the HDFC service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      I had taken my personal loan from HDFC Bank and they followed up well on my application. When I was busy and have asked them to call me back, they would willing do so at the time I asked them too. The offer on the interest rate and charges was also good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Should be transparency"
      0.5 2.0/5 "Expected more"
      When I applied for the personal loan, I was confused the way of bank conveyed the message to me. I was having one personal loan and I asked for the top up, so I described both the loan. They said 14% of interest but after the disbursement I came to know it was 16% it was not communicated. Part payment and preclosure charges was also not discussed.
      Was this review helpful? 0
      , hosur
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "High interest rate"
      0.5 3.5/5 "Pretty good"
      I applied online for the personal loan with HDFC bank. Executives told me that the interest rate will be 17.17% which is extremely high so I decided to cancel the loan application with HDFC bank. Hence I informed the bank and closed the application.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Good deal"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank had a better deal for me on the personal loan and they have done a great job. The process was on time and I got the loan as needed. The interest rate was around 13% and the processing charges was normal when compared to other banks. The after loan services are also good.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      I did receive a proper response from HDFC bank for the personal loan and since there were some issues with the verification, the bank did not process the loan. The services was on time and I was also comfortable with the rate of interest and I was not informed about the processing charges.
      Was this review helpful? 0
      , chennai
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Delayed Response"
      0.5 4.0/5 "Great!"
      I applied for the personal loan with HDFC bank. The loan is under process, I am waiting for the confirmation from the bank. It is almost been 15 days when I submitted my application but still I did not get any confirmation from them. Approval is still pending.
      Was this review helpful? 0
      , varanasi
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had cancelled the Personal loan application with HDFC bank , because there was no need of money at that time. The response and the follow up was good with HDFC bank. Overall I am happy about the HDFC bank service. In case in future if I want loan , then I will approach Hdfc bank for sure.
      Was this review helpful? 0
      , kochi
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was very quick service with HDFC bank, They have fulfilled my requirement within the promised time. They took around very short time to disburse my personal loan. I am happy with the loan service. The rate of interest and processing fee is nominal with HDFC bank. I am happy with the HDFC bank service.
      Was this review helpful? 0
      , nadiad
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I got the personal loan with the HDFC bank for the interest rate as 12.9% and the customer service was pretty good,. Within a week of time, the loan amount got disbursed to my account and the response was very good. Processing charges and the insurance charges were around 7000 Rupees, which should be optional.
      Was this review helpful? 0
      , pune
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan process been cancelled with HDFC bank as I could not able to produce certain documents. HDFC people contacted me on my loan application and they responded well on it. But I could not avail the loan from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      HDFC Bank contacted me initially for the personal loan and later they did not follow up. There were no issues on the interest rate and processing charges. It would have been better if the team informed me the reason for the loan not being processed.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Delighted service "
      0.5 5.0/5 "Blown Away!"
      It was very quick service with HDFC bank, they have take very few days to process my personal loan application. They have fulfilled my requirement within the promised time. They took around 4 days to disburse my personal loan. I am happy with the loan amount. The rate of interest is nominal with HDFC bank. I am happy with the HDFC bank service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Good In Interest Rate"
      0.5 5.0/5 "Blown Away!"
      I received personal loan with HDFC bank with the interest rate of 9.5%. Interest rate is normal with HDFC when compared with other banks, so I do not have any issues with the bank. I am happy with the services of HDFC.
      Was this review helpful? 0
      , haldwani
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Okay bank"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with the HDFC bank, it was very easy to approach through the processing charges were on higher end when compared with others market scenario. Foreclosure charges and the partial payment charges were huge with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Very good in services"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has also offered me a personal loan with a better deal than what ICICI Bank did. I got a interest rate of 14% and the processing charges was of 1%. The loan amount disbursed was as per my requirement and the after loan services are also smooth,
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with the HDFC bank and the rate of interest was much lesser with them not sure how much it was even they charged some processing fee. The loan amount got disbursed within 2 minutes of time. Since I hold a salary account with them.
      Was this review helpful? 0
      , bharuch
      Reviewed on May 24, 2017
    • HDFC Bank Personal Loan
      "Don't go for HDFC Personal Loan! Killing preclosure charges"
      0.5 0.5/5 "Unacceptable"
      They literally suck all the blood of customers! You are not allowed to close the loan prior to 1 year and after 1 yr pre-closure charge is 4.5% + 15% tax on charge! For a 1.6 L outstanding balance, the pre-closure penalty comes around 10K! No matter if you are a classic customer or whatso ever! They suck your blood like a vampire! I have paid more than 30K as interest for the loan amount of 2.5 in a year! Still, they want to suck my blood till the very last drop!
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
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