HDB Gold Loan

HDB Gold Loan Key Features – Apply Now

Collateral	Gold ornaments
HDB Gold Loan Interest Rate	5.88% per annum
HDB Gold Loan Rate Per Gram	₹ 2,900 to ₹ 3,450
Age of Borrower	18 – 75 years
Maximum Loan Amount	Up to 20 lakh
Maximum Loan to Gold Value Ratio	Up to 75%
The purity of Eligible gold	18 carat to 22-carat gold
Maximum Loan Tenure	Up to 36 months

HDB issues a Gold Loan per gram rate of ₹ 2,900 to ₹ 3,450 in line with the current gold rate. The best HDB Gold Loan Rate per gram is ₹ 2,900 to ₹ 3,450 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 2,900 to ₹ 3,450.

HDB Gold Loan Explanation

Gold Loans are loans availed by pledging your gold ornaments with a bank. HDB gold loans can be taken for meeting urgent personal expenses like children’s education, marriage, and other financial emergencies in the family as well as for business purposes. The gold mortgaged acts as a security to the loan. Taking a loan from HDB has the following benefits:

HDB Bank offers gold loans for a long tenure of up to 36 months, which allows you to repay the loan in EMIs of low amounts.

• The bank does not charge any foreclosure fees on its gold loan products, thus ensuring that the customers have full flexibility in managing their loan repayments.
• You can earn reward points if you take a loan from HDB. These reward points are redeemable in various online transactions.

Comparison of HDB Bank Gold Loan With Other Banks

IndusInd Bank offers gold loans at affordable interest rates. However, you must analyze multiple banks and their offers before applying for a jewellery loan.

Particulars	HDB Bank	SBI	HDFC Bank
Interest Rate	5.88% per annum	5.88% per annum	9.90% – 17.55%
Processing Fees	Up to 1% of the loan amount, minimum Rs. 750	0.50% of the loan amount, minimum Rs. 500	1.50% of the loan amount
Loan Tenure	3 months to 12 months	3 months to 36 months	3 months to 24 months
Loan Amount	₹ 10,000 to ₹ 10 Lakh	₹ 20,000 to ₹ 20 Lakh	₹ 25,000 to ₹ 50 Lakh
Foreclosure Charges	Up to 1% of the outstanding amount	Nil	Nil after 3 months
Repayment Options	Y	Y	Y
Lowest EMI Per Lakh	₹ 8,792 per lakh	₹ 3,111 per lakh	₹ 4,610 per lakh

Tips To Get Best Gold Loan Amount Per Gram From HDB Bank

• HDB Bank accepts both hallmarked and non-hallmarked jewellery for getting a gold loan. However, you can get the highest gold loan per gram for hallmark jewellery, as it reduces the chances of under-valuation by the valuer. Also, some banks charge a lower processing fee on hallmarked gold jewellery.
• HDB Bank adjusts the price of 22-carat gold for the purity of gold. Hence, always try to borrow against higher purity jewellery as it will fetch you the highest amount for a gold loan.
• HDB Bank will calculate the net weight of jewellery to calculate the amount of loan against the gold you can get. Always, try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. The HDB Bank will rely on the report of its gold valuer to calculate the net weight. Higher the weight of gems and stones in jewellery, lower the net weight and value of jewellery which results in a lower amount of jewel loan you can are eligible to get Further, HDB Bank will not accept diamond jewellery if the gold used is less than 18-carat purity. Most of the diamond jewellery is made in 16 carats to 18-carat gold and hence, will result in a very low gold loan per gram.
• Always try to get the maximum LTV on the value of gold.IndusInd  Bank is allowed by RBI to charge a maximum LTV of up to 85% to calculate the amount of gold loan you are eligible for.

Advantages Of HDB Gold Loan

1. Loan Tenure up to 3 yrs
2. Loan up to Rs. 20 Lakhs
3. Loan up to 75% of the value of gold.
4. Lowest interest rates in the market
5. Safety and security of your gold
6. Flexible repayment options
7. No hidden charges

How Much Gold Loan Can I Get Through HDB?

HDB Gold Loan Per Gram – Dec 07 2022

Updated - Gold Loan Per Gram Rate w.e.f Dec 07 2022
Gold Weight	Gold Purity 24 Carat	Gold Purity 22 Carat	Gold Purity 20 Carat	Gold Purity 18 Carat
1 gram	4621	4290	3900	3510
10 gram	46210	42900	39000	35100
20 gram	93600	85800	78000	70200
30 gram	140400	128700	117000	105300
40 gram	187200	171600	156000	140400
50 gram	234000	214500	195000	175500
100 gram	468000	429000	390000	351000
200 gram	936000	858000	780000	702000
300 gram	1404000	1287000	1170000	1053000
400 gram	1872000	1716000	1560000	1404000
500 gram	2340000	2145000	1950000	1755000

About HDB Gold Loan

Gold is the most expensive and precious metal in India. Its importance in our lives cannot be neglected because everybody is appended to it emotionally. Nevertheless, what is the purpose of grasping your gold in a restricted drawer when it could assist you in times of distress? Getting a loan against your gold can help you to overcome any extreme circumstances.

• HDB Gold Loan Interest Rate is 5.88% per annum.
• HDB Gold Loan Rate Per Gram is ₹ 2,900 to ₹ 3,450.
• Gold Loan Tenure is up to 36 months.
• Gold Loan for HDB processing fee is 1% + GST.

HDB Gold Loan Eligibility 

Gold Loan is a financial product provided by the bank which caters to your needs of short term or long term funds. It is easy to avail of commercial service provided by banks at low rates of interest and also requires minimal documentation for the same. HDB gives you the Loan amount within an hour of application as the valuation and approval process is quickly done, keeping in mind your urgency regarding the need for funds.

Primary Eligibility criteria for availing of the HDB Gold Loan is: 

Age	18-75 years
Requirements	Gold ornaments (18-22 carats)
CIBIL score	Above 500

HDB Gold Loan At Home

With the changing needs of the times, HDB has come across a simple yet valuable solution that will make everything easy for you. Just like your necessary commodities such as groceries, clothes and much more, everything is provided at your doorstep, in the same way, now, you can quickly get a gold loan at the comfort of your home.

If you are in urgent need of funds or too busy to visit a bank or prefer social distancing, Allahabad Gold Loan At home is a one-step solution. The process is straightforward. You need to give us a call to put in your request for a gold loan. Our executive from the nearest branch will visit your home at the earliest. Everything will be done at your home in your presence, from the evaluation of the loan documentation to the transfer of the loan amount. Furthermore, there are many benefits of HDB Gold Loan at Home:

• Fast loan approval
• Lower interest rates
• Maximum value of gold
• Flexible repay tenures
• Easy payment options
• No additional charges
• 24*7 customer support
• Full security of the gold
• No hidden fees
• Service at your doorstep within 30 minutes

HDB Gold Loan Documents Required

Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the HDB wherein funds are provided for fulfilling the financial needs of the applicant. The entire HDB Gold Loan process is hassle-free and easy to get with minimal documentation.

Documents required for Applying for HDB Gold Loan are :

A duly filled and signed Gold Loan application form shall be submitted along with the following documents:

Identity Proof	Aadhar Card/Pan Card/ Passport/ Voter ID
Residence Proof	Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
Agriculture Proof ( only if applicable)	Agriculture Land Ownership Proof
Photographs	2 Passport sized coloured

HDB Gold Loan Interest Rate, Fees, and Charges

A Gold Loan can fulfil all your small primary term and long term financial conditions. The rate of interest that you will be filled with depends on the entire loan amount and the quality of the gold you are to hold as collateral with the bank. Gold Loan interest rates allowed by the bank are lower in contrast to other loans because it is a completely secured loan.

HDB Gold Loan Interest Rate	5.88% per annum
Processing Fee	1% of the loan amount
Renewal Fees	Rs 250- Rs 500 (depending on the loan amount)
Loan Amount	₹ 10,000 to ₹ 20 lakh
Prepayment Charges	1% of the outstanding principal amount

Types Of HDB Gold loan

• Bullet Repayment: In this, the borrower is required to repay the interest amount every month while the principal amount of the loan is liable to be paid at the end of the loan tenure.
• EMI Facility: is the monthly instalment that a borrower can choose to repay. The repayment amount consists of both the principal amount as well as the interest rate.

HDB Gold Loan Apply Online

Instead of visiting the branch of HDB, you can also apply with Dialabank by following the below-mentioned steps to get a Gold Loan as per your need.

• Visit Dialabank’s website, where you will have to fill a form regarding your details.
• Our Relationship Manager will contact you on the number provided on your form.
• We will give you the best service without charging you for the same.
• With Dialabank, you can compare the different offers and schemes from various banks based on funding provided and the rate of interest charged for choosing the best loan deal for yourself.

HDB Gold Loan EMI Calculator

Rate of Interest	6 months	1 Yr	2 Yrs	3 Yrs
7.00%	17008	8652	4477	3088
8.00%	17058	8699	4523	3134
8.50%	17082	8722	4546	3157
9.00%	17107	8745	4568	3180
9.50%	17131	8678	4591	3203
10.00%	17156	8791	4614	3227
10.50%	17181	8815	4637	3250
11.00%	17205	8838	4661	3274
11.50%	17230	8861	4684	3298
12.00%	17254	8885	4707	3321
12.50%	17279	8908	4731	3345
13.00%	17304	8932	4754	3369
13.50%	17329	8955	4778	3393
14.00%	17354	8979	4801	3418
14.50%	17378	9002	4825	3442
15.00%	17403	9026	4845	3466

How To Pay Your HDB Gold Loan EMI?

Your HDB gold advance can be repaid in the following three different ways.

1. Standing Instruction (SI): for HDB account holders.
2. Electronic Clearing Service (ECS): for non-HDB account holders
3. EMIs: for easy monthly instalments of principal amount + interest rate available for all.

HDB Gold Loan Contact Number

For any sort of assistance regarding the gold loan, you can contact us on the number 9878981144.

Gold Ornaments Accepted By HDB

Gold jewellery such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, all of these are accepted for availing a Gold Loan.

Quality: The quality of gold should lie between 18 Carat to 22 Carat. Any gold ornament which is 24 Carat, cannot be used for availing a gold loan.

Use Of HDB Gold Loan

The funds acquired by availing the HDB Gold Loan service can be used for several purposes such as:

• To finance any personal expenses (wedding, travel, payment of higher education fees).
• For all your business needs.
• For agricultural purposes.

HDB Bank Agricultural Jewel Loan Scheme

Benefits of HDB Bank Agricultural Jewel Loan Scheme

• There is no processing fee applicable up to ₹ 25,000
• 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging above ₹  25,000 – less than ₹ 5 lakh
• 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore

HDB Bank Gold Loan Overdraft Scheme

HDB Bank has an Overdraft Scheme that acts like a Credit Card, where you can spend your Gold Loan Amount as you wish. In the HDB Gold Loan Overdraft facility, the bank charges interest only on the amount that is used by the borrower.

HDB Bank Gold Loan Highlights 

Age	18-75 years
Minimum Loan Amount	Rs. 25,001
Maximum Loan Amount	Rs. 25 Lakh
HDB Bank Gold Loan Interest Rate	5.88% per annum onwards
Loan Tenure	From 3 months up to 36 months
Gold Items accepted	Jewelry and gold coins sold by banks
HDB Bank Gold Loan Processing Charges	0.23% of the loan amount

How Does The HDB Bank Gold Loan Work, Here’s An Example

The loan amount eligibility is decided on the basis of purity of gold, LTV, and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 50 grams of gold with a purity of 22 carats. Mr B has 60 grams of gold with a purity of 20 carats and Mr C has 70 grams of gold with purity or 22 carats. They approach HDB Bank to avail themselves of a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 85% will vary by the purity of gold and hence, will result in varying gold loan eligibility.

FAQs About HDB Gold Loan

✅ What is HDB Gold Loan?

Gold Loan from HDB is an easy and hassle-free process. The bank provides quick disbursal with a low rate of interest and flexible modes of repayment. The bank charges low processing fees and also takes the responsibility of your gold ornaments to the fullest. You can avail of loans for a minimum of Rs 25000 and a maximum of Rs. 20 lacs.

✅ How can I get the Gold Loan from HDB?

You can get a gold loan from HDB by applying online with Dialabank and filling a simple form. Once your documents are verified and gold is pledged the loan amount will be disbursed to your account.

✅ How much Gold Loan can I get per gram in HDB?

HDB Gold Loan Rate per Gram is ₹ 2,900 to ₹ 3,450 and varying according to the quality and weight of the gold.

✅ How does a Gold loan from HDB work?

HDB provides a Gold loan which is a simple borrowing scheme in which the borrower can avail a loan of up to Rs 20 lakh on pledging his gold ornaments with the bank.

✅ What is Gold Loan Interest Rate in HDB?

Gold Loan interest rates in HDB start at 5.88% per annum.

✅ How to check Gold Loan status in HDB?

To check your gold loan status in HDB just follow the steps given below:

• Visit the HDB web page.
• Fill in your personal details to log in.
• Track the status of your loan application using your application number.

✅ How to calculate Gold Loan Interest in HDB?

You can calculate the gold loan interest from HDB gold by simply subtracting the total borrowed amount from the payable loan amount. You can also use Dialabank’s free EMI Calculator which gives you the exact value of your payable amount.

✅ What is the maximum loan amount I can avail myself on Gold Loan from HDB?

You can get a maximum Loan of up to Rs 20 lakh from HDB provided you fulfil the eligibility requirements.

✅ What is the loan tenure of HDB Bank Gold Loan?

The HDB Bank Gold loan is available for a tenure of 3 months to 36 months.

✅ How much Processing Fee is applicable on HDB Bank Gold Loan?

The processing fee applicable on an HDB Bank Gold Loan is 1% of the loan amount.

✅ What are the charges for Prepayment in HDB Gold Loan?

The prepayment charges in the Gold loan HDB range up to 1% of the outstanding loan amount.

✅ How to renew HDB Gold Loan Online?

You can renew your HDB gold loan online by simply filling a form available on the website of HDB.

✅ How to Pay HDB Gold Loan Interest Online?

To pay HDB Gold loan online you can use any of the modes available like net banking, m-banking, debit cards etc.

✅ What if I can’t pay the interest on HDB Gold Loan for 3 months?

In case you cannot pay the HDB Gold loan for 3 consecutive months then the bank would first give you a warning regarding the same. But if the issue still persists the bank may end up selling the gold ornaments.

✅ How can I apply for EMI Moratorium on HDB Gold Loan?

You can apply for an EMI Moratorium on HDB Gold loan either by personally visiting the bank physically or by applying online through HDB’s website.

✅ How to pay HDB Gold Loan through Credit Card?

HDB Gold loan cannot be repaid using a credit card as per Reserve Bank of India’s guidelines.