Life is full of uncertainties. Thus you may need money to cope up with financial hurdles in your life. In this case, you can get a Gold Loan to fight with the financial crisis. Gold loan is a secured loan. Therefore the people with low CIBIL score can also easily avail this service. 

HDFC Gold loan is one of the best gold loans in India. HDFC Bank was set up in 1994. Gold Loan in HDFC Bank comes with a lot of benefits and special features. Thus, make use of your gold in your bad time, and overcome the financial problems. Though, There are a lot of financial banking and non-banking companies that provide you with a gold loan, but HDFC gold loan is considered the best. HDFC Bank is one of the most reputed and reliable banks in India. Also, It is known for its brilliant financial services. 

Eligibility of HDFC Gold Loan

The loan seeker can avail a gold loan only if the eligibility criteria are fulfilled:

  1. Firstly, The applicant should lie in the age group 18-70 years. Hence, Any applicant who is either above 70 years or less than 18 years will not be considered for loan approval.
  2. Most importantly, you should be a citizen of India. That is, the nationality of a person should be Indian.
  3. Next, employment status is not considered. Therefore, both salaried and self-employed can apply. The bank is not bothered about your employment status.
  4. Furthermore, The weight and quality of gold are equally important. As a result, the gold should weight at least 10 grams, and purity should lie between 18 carats to 22 carats.
  5. Finally, Maximum funding that can be availed is up to 1Crore


HDFC Gold Loan Interest Rate

HDFC bank provides Gold loan at very reasonable interest rates. HDFC Gold Loan Interest Rates start at 11% per annum.

Furthermore, the Repayment period is from 1 year to 4 years. Thus, It means that you can return your loan within 6 months to 4 years.

Also, The pre-closure charges are in between 0% to 2% of the value of the loans.

What is a Gold Loan?

Gold loan is also known as a loan against gold. In this loan, you pledge your gold to the bank as security and bank provide you loan amount according to the quantity and the quality of your gold. Furthermore, The pledged gold will be kept in the bank lockers, and the bank is liable for the security of your gold. Finally, The moment you return your loan amount with interest rate you will get back your gold as it is.

Why HDFC Bank for Gold Loans?

 The Gold loan is always considered as a better option to borrow money from the bank. The reason behind this, the HDFC Gold loan Interest Rate is low as compared to other services like a personal loan. So if you have a choice between a gold loan or a personal loan, then you are always advised to go for a gold loan. Because, of unsecured service, the personal loan has higher rates of interest.

Besides this, your gold assets would be in tight security if you get a gold loan free of cost. On the other hand, if you want to put your jewelry in a bank, they will charge you for the locker. So, if you are getting a gold loan, you are killing two birds with one stone. That is, You are getting funds and security of your gold simultaneously. Finally, You don’t have to pay charges for the safety of the gold.

Features of HDFC Gold Loan

There are some Features of the gold loan. Let us discuss them.

Fast Process: First of all, HDFC gold loan is approved and disbursed very quickly and easily. The loan gets passed in an hour.

Fewer Documents: Next, the documentation process is very easy and less, very basic documents are required for HDFC gold loan.

Transparent System: Furthermore, the bank provides full transparency to the customer, that is, there are no hidden charges.

Amount of Loan: Moreover, The minimum amount of loan that HDFC provides to the customer is Rs. 50000. Also, It can be less than Rs — 50000 in rural areas.

Safety of Jewelry: One important thing to note is that the bank is liable completely for the security of your gold. Thus, the gold is kept in fireproof security. 

Loan Tenure: Also, The tenure of the loan can be from 1 year to 4 years. Hence, You can choose according to your comforts.

Benefits for Farmers: HDFC bank provides some special offers for agricultural purposes. That is, the bank offers a slight low Gold Loan Interest Rate for a gold loan for agricultural use.

No Debt Burden: Importantly, There can be situations in which an applicant is not able to repay the loan amount in such a case the applicant will not be under debts as the bank will only confiscate the ornaments.

No Income bounds: There are no restrictions on the salary or income of the applicant hence, anyone with any income rage can avail a gold loan.

Amount of Gold Loan

HDFC bank provides Gold Loan starting from Rs. 50000 and can be up to Rs. 10 Lakhs. The amount of loan depends upon the purity and the quantity of Gold. The loan amount per 10 grams and Gold Loan per Gram are discussed below:

For 18 Carat Gold (10 grams):

Amount of Loan Disbursed- Rupees 16,000.

Loan Amount of Gold Per Gram- Rupees 1,600.

For 19 Carat Gold (10 grams):

Amount of Loan Disbursed- Rupees 17,000.

Loan Amount of Gold Per Gram- Rupees 1,700.

For 20 Carat Gold (10 grams):

Amount of Loan Disbursed- Rupees 18,000.

Loan Amount of Gold Per Gram- Rupees 1,800.

For 21 Carat Gold (10 grams):

Amount of Loan Disbursed- Rupees 19,000.

Loan Amount of Gold Per Gram- Rupees 1,900.

For 22 Carat Gold (10 grams):

Amount of Loan Disbursed- Rupees 20,800.

Loan Amount of Gold Per Gram- Rupees 2,800.

Note-  24 Carat gold is not accepted for availing a Gold Loan.

HDFC Gold Loan Charges

Processing Fee on HDFC Gold Loan

HDFC bank charges a minimal loan application charges starting from 0% to 0.5% of the Loan Amount.

Prepayment Charges

The facility of closing your gold loan before the tenure of the loan is known as a pre-payment facility. Some banks don’t provide this facility, but HDFC bank does. There are some prepayment charges, but these are very minimal. It is 0 to 1% of the loan principal prepaid.

Valuation Fees

Also, There is a valuation fee of Rs. 250 for a loan amount less than Rs. 1.5 lakhs. It is Rs. 500 for the loan amount more than Rs. 1.5 lakhs.

Late Payment Charges

Furthermore, 2% of the principal amount is charged as late payment charges.


The documentation process is not that complex in HDFC gold loan. Following are the basic documents that are required in HDFC gold loan. These are listed below :

Identity Proof: First of all, proof of identity is required for the gold loan. Thus, An identity proof can be your Aadhar card, PAN card, Driving license, voter ID card or your passport

Residence proof: Next, An address proof is also needed in HDFC gold loan. Therefore, Your Aadhar card, PAN card, Ration card, voter ID card, driving license, or passport can be considered as the proof of residence. In case you are living on rent then the rent agreement or water/electricity bills for the last three months can be considered.

Besides this, Two passport size photos are required. (Applicant should not be wearing glasses in the photograph, the photograph should be colored)

HDFC Gold Loan Schemes

The HDFC Bank provides the gold loan under three schemes

1. Term Loan

2. EMI

3. Over Draft

Each scheme has its own perks. Thus, A customer is free to choose the gold loan scheme according to his/her convenience.

Is Gold Loan Secured or Unsecured?

Gold loan is considered as a secured loan because you put your gold in the bank’s locker and the bank can quickly recover their loan amount with the principal amount if you are not able to return the loan. Hence, you are always advised to pay your loan amount easily on time.

Does CIBIL score matter in a Gold Loan?

No, CIBIL Score does not matter in a gold loan. This being a secured service, the banks hardly check your CIBIL score while providing you the loan. Gold Loan helps to increase the CIBIL score of a person.

How to Apply for HDFC Gold Loan?

You can apply for the HDFC Bank Gold Loan at The process is very easy and simple. To begin, You have to fill a simple form online. After that, you will get a call back from our side. Furthermore, you will get a document pickup facility from your doorstep. For more information, you can call on 9592046860.

Dialabank is considered as the best platform to apply for a gold loan online. There are so many reasons behind this.

1. First of all, Dialabank is India’s first financial helpline; it provides the best financial services to customers all over the country.

2. Besides that, the bank has a good reputation among the customers because of its best services.

3. Another reason, if you apply for a gold loan on Dialabank, then you will get a low HDFC Gold Loan Interest Rate.

4. Also, Dialabank provides document pickup facility from the doorstep of the customer.

5. One more important thing is that the Dialabank guides the customers free of cost. That is, there are no additional charges of applying for a gold loan online on the website of Dialabank.

6. Also, while applying for a gold loan through Dialabank, very less paperwork is required.

7. One more thing is that you will get high LTV of your gold.

8. Finally, the Relationship managers are trained enough to guide you in the entire process of Gold Loan.

Advantages of a Gold Loan over a Personal Loan

1. First and the significant advantage of a gold loan over a personal loan is that the HDFC gold loan interest rate is quite low as compared to a personal loan.

2. After that, the documentation process is very less in case of the gold loan as compared to a personal loan.

3. Lastly, In a personal loan, your CIBIL score is required to be above 700 at least.

Difference Between a Personal Loan and a Gold Loan

A personal loan comes into the category of unsecured loans however a gold loan is a secured loan. The consequence of this is the rates of interest of a personal loan are quite high because of high risk.

1. Firstly, HDFC bank provides a gold loan at very low rates of interest. HDFC gold loan Interest rate is 11% per annum and onwards.

2. Next, Loan processing charges are 1 percent plus GST.

3. Also, Valuation Fee will be Rs. 250 for a loan up to Rs 1.5 lacs and Rs. 500 for a loan which is over and up to Rs. 1.5 lacs.

4. Furthermore, Foreclosure charges: If closed within three months then it will be 2 percent with GST foreclosure charges and if closed within six months later it will be 1 percent plus GST foreclosure charges.

5. Moreover, Charges you pay for late loan payment, are 2 percent per annum as penal interest over and up to interest rate.

6. Besides, Renewal processing fees will more than Rs. 350 including tax.

7. Finally, Prepayment or part payment charges will be more than 2 percent including GST (within three months).


Major Banks' Gold Loan Interest Rate



 Interest Rates

Processing Fee

Loan Tenure 

Loan Amount

HDFC Bank Gold Loan

10.00% - 14.50%


3 - 24 months

 Rs.25k- Rs.1 Cr.

ICICI Gold Loan

10.00% - 16.10%


6 - 36months

Rs.10k- Rs.1 Cr.

Muthoot Finance Gold Loan

18.00% - 24.00%


3 - 24 months


Axis Bank Gold Loan

14.50% - 17.00%


3 - 24 months

Rs 18k-Rs. 1 Cr.

Manappuram Gold Loan

19.00% - 26.00%


1 -  24 months

 Rs.10k-Rs.1 Cr

Yes Bank Gold Loan

10.00% - 15.99%


6 - 36 months

Rs.18k-Rs. 1 Cr.