HDFC gold loan Interest Rate starts at 11.50%. This is applicable to both new and prevailing customers. The actual interest rates on HDFC jewel loan, however, vary depending on the purity of gold, loan value and loan to value ratio. A gold loan can be used to meet any financial contingency such as medical emergency, travel, vehicle or home repair, and other personal and business need such as wedding, business expansion, working capital, etc.
At Loanbaba, you will get all details about HDFC Bank Gold Loan. You can even apply for the jewellery loan by HDFC bank on our website.
Interest Rates on HDFC Gold Loan
HDFC Jewel Loan Interest Rate starts from 11.50%
1.50% on the loan value
3 - 24 months
Rs. 25,000 – Rs. 50 lakhs
2% applicable if prepaid within 3 months
Gold Loan Scheme
Bullet Repayment Scheme
All banks in general, including HDFC Bank, offer gold loans for agricultural purposes at concessional rates. This is because the agricultural sector comes under the priority sector for the banks. Interest rates on agricultural loans may be as low as 1-2%. Currently, for general customers the HDFC Bank Gold Loan Rate starts at 11.50%.
In order to opt for HDFC Bank gold loan you should be aware of the following details too.
While the lowest interest rates applied by the bank are 11.50%, one can calculate exact interest rates based on the different factors applicable. This includes loan value, the term of the loan and the percentage of gold in jewellery. Existing account holders may get added benefits compared to new customers.
Here is how the HDFC Gold Loan Interest Rate Calculator takes into account to determine the interest rate on jewel loan.
The documents required for HDFC Bank gold loan are minimal. Also, the documentation procedure is smooth. One has to submit proof of identity and address to avail the jewel loan. Here is a list of address and identity proofs to submit.
Below-given are pointers that Canara Bank Gold Loan Interest Rate Calculator takes into consideration.
Below-given are some of the benefits of HDFC jewellery loan in India.
Loanbaba is a one-stop destination for all your loan needs, including a loan against gold. Here, you can get to know all the details about HDFC jewel loan, eligibility criteria, tenure, loan amount, and other terms and conditions, without having to look elsewhere.
You can apply for gold loan HDFC on our website. Simply access the gold loan application section on loanbaba.com and provide us a few details about your loan requirement. Mention the weight of gold you posses and other details. You need to attach the soft-copy of the required documents with the loan application so we can smoothly process the application.
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Below-given are FAQs about HDFC gold loan and rate.
Following charges may be added along the interest charges on the loan:
In overdraft facility, loan against gold is provided to borrowers, who can withdraw funds or deposit additional amount in their loan account during the loan tenure. The borrower has to pay only interest amount on the credit used. This scheme is useful for salaried borrowers earning annual bonuses or self-employed individuals. There is no lock in period or prepayment penalty. Floating rate of interest is applicable.
This loan scheme offers the option to repay jewel loan in form of equated monthly instalments. Every month, one has to pay an EMI to HDFC Bank. This instalment amount consists of both principal and interest to be repaid. The interest component is higher in the first few EMIs, which then reduces with every EMI. This gold loan scheme is prominent amount pre-approved offers and for the existing customers of the bank.
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