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FAQs |
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If you have any queries that are not answered here, please call us or
write to us.
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What security do I need to provide to obtain this loan?
To obtain the loan, you need to submit your gold jewellery at the branch. The jewellery will be valued by the valuers at the branch and based on the valuations overdraft will be granted to you.
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How much overdraft can I get?
You can get an overdraft of up to 70% of the value of gold, ranging from Rs. 75,000/-* to Rs. 20,00,000/-*.
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Is my overdraft limit fixed?
Your portfolio is valued periodically and your overdraft limit varies, depending on the market rate of the gold you have pledged.
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How frequently do you revalue my portfolio?
We revalue your portfolio on a weekly basis. Additionally, in the event of a sharp fall in the market prices, we conduct an interim revaluation.
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Can the bank inform me about my latest limit by e-mail ?
The bank has an Insta Alert facility whereby we intimate the latest limit as and when it changes due to revaluation of prices or lodgment / withdrawal of gold, on your mobile or email id. This facility is the first of its kind and helps you manage your Overdraft Account in a better manner. This is available only for customers who have registered for Insta Alert facility.
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Whose gold can I pledge?
You can pledge your own gold or those of your blood relative (parents, spouse,
children and blood siblings only).
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How do I receive the overdraft amount?
We will open a Current Account in your name into which we will create an overdraft
limit. Your overdraft limit will depend on the value of the gold you have
pledged.
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What are the loan tenure options?
You can take overdraft for a period of 12 months, renewable annually.
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What are the other benefits that I can get
from my Overdraft Account?
Your Overdraft Account comes equipped with all the benefits associated with
HDFC Bank's Current
Account, such as PhoneBanking, NetBanking, BillPay and ATM facilities.
What"s more, as a privileged Loan Against Securities customer, you are entitled
to our International
Debit Card free of cost. (only for the first holder)
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How much do I pay?
Interest rates at HDFC Bank are among the lowest available. And what's more, you only pay interest on the amount of the overdraft that you use and the time you use it. Interest is debited to your account at the end of each month.
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How do I pay the interest accumulating in
my account every month?
With reference to RBI guidelines vide DBOD.NO.BP.BC.10/21.04.048/2004, please note that interest debited in your overdraft account has to be serviced at monthly intervals or at such intervals as may be applicable from time to time, by way of credits into your overdraft account.
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What are the benefits of having an account
with HDFC Bank?
You get preferred interest rates, priority processing and simpler documentation
if you have an account with HDFC Bank. This is taken into account at the time
of disbursal of the loan.
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Will I get benefits in rate of Interest if I am engaged
into Agriculture activities / Priority sector?
You get preferred interest rates, priority processing if you are engaged in agriculture activities / priority sector.
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Will there be any foreclosure charges for
closing the loan?
There are no foreclosure charges.
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*Please note that the loan is granted only for personal purposes. All credit
is at absolute discretion of HDFC Bank. |
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Other Ways to apply :
*Conditions Apply
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