HDFC Bank Gold Loan Per Gram

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    HDFC Bank Gold Loan Per Gram

    HDFC Bank Gold Loan Per Gram is ₹ 2,900 to ₹ 3,450

    HDFC Bank Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 2,900 to ₹ 3,450
    Eligible Age 18 to 75 years
    Loan Amount Eligibility Rs. 1,000 to Rs. 2 Cr
    Documents Required Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required.
    Purity of Gold 18 carat to 22 carat
    Type of Gold Gold jewellery and gold coins of 18-24 carats
    Loan to Value 75% of the gold ornament’s market value

     

    HDFC Bank savings accountToday HDFC Bank Gold Loan Per Gram rate is ₹ 2,900 to ₹ 3,450. The maximum loan amount available is Rs. 1 crore, with an interest rate starting from 9.90%. The processing fee would be around 1.50% of the principal amount and can sometimes vary. The loan tenure offered ranges from 3 months to 24 months, which is exactly a maximum of 2 years. They also offer various repayment schemes such as the bullet repayment scheme as well as the overdraft scheme. These are the only two repayment options that the applicant would have while applying for HDFC Bank Gold Loan Per Gram.

    Gold loan calculator HDFC Bank 

    • The total weight and the purity of the gold: the banks are asked to use their in-house value assessors to check the purity of the gold and the total percentage and weight of the gold in the jewellery. The gold pledged should have a purity ranging from 18 t 24 carats to be eligible for a loan. The bank themselves would reduce the weight of the stones and gems and only take the weight of the gold from that.
    • Price of the gold: After the lender comes with an approximation on the purity and the total weight of the gold in your jewellery, they would then calculate the exact value of the gold as per the instructions given by the RBI (i.e. they would have to use the past 30 days average price of the 22-carat gold), to calculate the value.
    • Loan to value ratio: After the value of the jewellery has been calculated, the bank would apply an LTV of up to 75% to make a total calculation of your jewel loan amount eligibility.

    HDFC Bank Gold Loan Rate Per Gram by Gold Purity

    The following table gives the estimation of the gold loan per gram that HDFC Bank will provide for the gold jewellery of various purity rates.

    Gold Purity Gold Rate Per Gram- Average Of Past 30 Days Highest Gold Loan Per Gram Lowest Gold Loan Per Gram
    22 carat ₹ 4,620 ₹ 4,999 ₹ 4,956
    20 carat ₹ 3,939 ₹ 4,178 ₹ 3,795
    18 carat ₹ 3,545 ₹ 3,784 ₹ 3,460

    The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.

    • Gold loan per gram offer for 22-carat jewelry will be between ₹ 4,620 to ₹ 4,956
    • Gold loan per gram offer for 20-carat jewelry will be between ₹ 3,795 to ₹ 4,178
    • Gold loan per gram offer for 18-carat jewelry will be between ₹ 3,460 to ₹ 3,784

    HDFC Bank Gold Loan Rate Per Gram

    The following table shows the HDFC Bank Gold Loan Rate Per Gram- Updated Aug 08 2022

    Updated - Gold Loan Per Gram Rate w.e.f Aug 08 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

    Historical Gold Loan Rates Per Gram

    Indians are historically known to be the largest consumers of gold and the largest users of gold loans, even when it was not legalised. It is in increased demand and can be seen with it being the largest number of imports in the nation.

    This Table Contains the Average Annual Gold Rate from 1965 - 2022
    Year Price (24 karat per 10 grams) Year Price (24 karat per 10 grams)
    2022 ₹ 52,950 1993 ₹ 4,140
    2021 ₹ 50,045 1992 ₹ 4,334
    2020 ₹ 48,651 1991 ₹ 3,466
    2019 ₹ 35,220 1990 ₹ 3,200
    2018 ₹ 31,438 1989 ₹ 3,140
    2017 ₹ 29,667 1988 ₹ 3,130
    2016 ₹ 28,623 1987 ₹ 2,570
    2015 ₹ 26,343 1986 ₹ 2,140
    2014 ₹ 28,006 1985 ₹ 2,130
    2013 ₹ 29,600 1984 ₹ 1,970
    2012 ₹ 31,050 1983 ₹ 1,800
    2011 ₹ 26,400 1982 ₹ 1,645
    2010 ₹ 18,500 1981 ₹ 1,800
    2009 ₹ 14,500 1980 ₹ 1,330
    2008 ₹ 12,500 1979 ₹ 937
    2007 ₹ 10,800 1978 ₹ 685
    2006 ₹ 8,400 1977 ₹ 486
    2005 ₹ 7,000 1976 ₹ 432
    2004 ₹ 5,850 1975 ₹ 540
    2003 ₹ 5,600 1974 ₹ 506
    2002 ₹ 4,990 1973 ₹ 279
    2001 ₹ 4,300 1972 ₹ 202
    2000 ₹ 4,400 1971 ₹ 193
    1999 ₹ 4,234 1970 ₹ 184
    1998 ₹ 4,045 1969 ₹ 176
    1997 ₹ 4,725 1968 ₹ 162
    1996 ₹ 5,160 1967 ₹ 103
    1995 ₹ 4,680 1966 ₹ 84
    1994 ₹ 4,598 1965 ₹ 72

    Gold Loan Per Gram Rate Comparison for Major Banks

    Feature
    Manappuram
    Axis Bank
    Yes Finance
    Interest Rate
    9.90%
    12.50%
    9.99%
    Min Loan Amt
    Metro : 25000, Non : 15000
    25000
    15000
    Max Loan Amt
    1 Cr
    1 Cr
    1 Cr
    Loan Tenure
    3 months to 24 months
    9 months to 24 months
    1 month to 24 months
    Processing Fee
    0.25% to 1.50% of the Loan Amt
    0.25% to 1.50%
    Nil
    Preclosure Chgs
    2%, Nil foreclosure charges after 3 months
    2%, Nil foreclosure charges after 9 months
    Nil
    Overdraft Facility
    Yes
    Yes
    Yes
    Pay Only Interest Facility
    Yes
    Yes
    Yes
    Gold Rate Per Gram
    3,124
    3,073
    3,069

    Tips to getting Best Gold Loan Amount Per Gram from HDFC Bank

    • HDFC Bank accepts all types of jewellery, which is both hallmarked and non-hallmarked gold jewellery, for availing of a gold loan. However, the chances of getting a higher loan amount are very low and can only happen if the gold you are pledging is hallmarked gold. This would even lower the processing fees charged by some banks.
    • The bank is then asked to adjust the price of the 22-cart gold for purity. Therefore, ensure that you always borrow against higher purity jewellery because this would fetch you a higher loan amount, which would work to your advantage.
    • The HDFC Bank then calculates the net weight of your jewellery to verify and decide the loan amount that you would be availing. Hence, ensure that you pledge jewellery that contains minimal stones and gems and contains more gold. The higher the net weight and purity of the gold, the higher the loan amount availed by you.
    • Always try to get the maximum LTV on the value of gold. HDFC is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

    GOLD LOAN @ 0.49%*

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    ILLUSTRATION: The loan amount eligibility is decided based on the 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 70 grams of gold with a purity of 18 carats. Mr B has 60 grams of gold with a purity of 20 carats, and Mr C has 50 grams of gold with purity or 22 carats. They approach HDFC Bank to avail a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold, resulting in varying gold loan eligibility.

    HDFC Bank Gold Loan Per Gram FAQs

    ✅ What is the HDFC Bank Gold Loan Per Gram scheme?

    HDFC Bank Gold Loan Per Gram is a scheme that provides a loan against your gold. Any person in need of quick lump sum money can avail of this facility that is offered by HDFC Bank Gold Loan Per Gram and other leading banks and non-banking financial companies. The current rate for HDFC Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

    How much Gold Loan can I get per gram in HDFC Bank?

    HDFC Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. HDFC Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

    ✅ How is HDFC Bank Gold Loan Per Gram calculated?

    The HDFC Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. HDFC Bank Gold Loan Per Gram interest rate is then calculated based on several factors: loan amount, loan tenure, relationship with the lender, and loan to value ratio.