Gold loan - Term Loan
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- Gold loan - Term Loan
Benefits
- Instant loans available on the gold jewellery you own
- Repayments only by servicing regular interest on the loan. No EMIs!
- Assured security of your gold jewellery.
Documents required
- Your Identity Proof (Passport Copy/ Voters ID card/ Driving License).
- An address proof document (Ration card/ Telephone Bill/ Electricity Bill/ Rental Agreement/ Passport copy/Trade license /Shop & Est License / Sales Tax certificate).
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Do you want to know about our Gold Loan - Term Loan in detail?
What's the point of owning a significant amount of gold when you can't use it during times of need? HDFC introduces a safe, simple and easy procedure to unlock the value of your gold without selling it. Here are a few benefits of the loan:
- Loan Amount: You can get a loan upto Rs.10,00,000 - upto 100% value of gold
- EMI options: You don't have to be hassled about EMI payments. Simply service your Interest payments regularly.
- Instant liquidity: Enjoy ATL - Any Time Liquidity with your loan. Now you don't have to be worried about generating cash when you're in need.
- Security: Be assured of the safety and security of your gold.
- Interest Rates: Take advantage of our lower interest rates for this loan.
- To top all these benefits, if you are an HDFC customer, you get great interest rates!
What are the eligibility criteria for securing the Gold Loan - Term Loan?
Here is a list of documents you will need to submit:
- Your Identity Proof (Passport Copy/ Voters ID card/ Driving License).
- An address proof document (Ration card/ Telephone Bill/ Electricity Bill/ Rental Agreement/ Passport copy/Trade license /Shop & Est License / Sales Tax certificate).
- Signature Proof (Passport Copy/Driving License/Banker's verification/cheque)
- 2 passport size photographs.
NOTE: Please note that the loan is granted only for personal purposes. The loan amount cannot be used for speculative activities, any purpose linked to capital market activities or for any anti social purposes. All credit provided is at the absolute discretion of HDFC Bank.
What are the fees and charges applicable for the Gold Loan - Term Loan?
Here is an exhaustive list of all the fees and charges to be paid for the loan:
| Fees | Amount to be paid |
|---|---|
| Loan Processing Charges | Upto 1.5% of loan amount |
| Valuation Fee | Upto Rs. 350 |
| No Due Certificate / No Objection Certificate (NOC) | Nil |
| Duplicate no due certificate / NOC | Not Applicable |
| Solvency Certificate | Not Applicable |
| Charges for late payment of loan amount | 2% p.a. as penal interest over and above applicable rate of interest. |
| Charges for changing from fixed to floating rateAn interest rate that is allowed to move up and down with the rest of the market or along with an index. of interest | Not Applicable |
| Charges for changing from floating to fixed rateAn interest rate that will remain at a predetermined rate for the entire term of the loan. of interest | Not Applicable |
| Stamp Duty & other statutory charges | Nil |
| Credit assessment charges | Not Applicable |
|
Non standard repayment charges |
Not Applicable |
| Outstation clearing charges | Not Applicable |
| Cheque swapping charges | Not Applicable |
| Loan cancellation / re-booking charges | Not Applicable |
| Bounce Cheque Charges | Not Applicable |
| Statement Charges (per statement) | Not Applicable |
| Duplicate Repayment Schedule charges | As incurred by the Bank |
| Legal, Repossession & Incidental chargesIncidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer. | Nil |
| Renewal Processing Fees | Upto Rs 500 |
| Prepayment/Partpayment charges | Upto 1% |
NOTE: A Service Tax of 12% and an Education Cess of 3% of the service tax amount will have to be paid on the fees and charges mentioned in the brochure regarding Tariffs, Charges or Fees. For your convenience, these taxes will appear as separate debits in your statements. All fees and charges can be changed at the sole discretion of the Bank.
Have questions?
How should I repay your gold loan (term)?
The best thing about a Loan Against Gold (term) is that you just have to keep servicing the interest.
No reminders, hassles or payments for EMIs are required.
What benefits do I get if I have an account with HDFC Bank?
You get benefits like faster processing time and simplified documentation. Further there are preferred rates for customers with strong banking relationship with the bank.In addition to this, we simply provide better standards of banking.
How long does will it take to process my loan?
A Gold Loan is disbursed at one sitting at the branch. This is, however, subject to the verification of the gold and other documents that you submit. Approvals are at the sole discretion of the bank.
How much loan can I avail of at time?
Your loan value starts from Rs.25000 onwards depending on the amount of Gold you bring.
What security do I need to provide against the Gold Loan (term loan)?
All you have to do is bring all your gold to our designated branch. We will value your gold and based on that valuation you can choose from the various product offerings we have, depending on your loan requirement.
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What can you do online?
- View the fee structure of the Loan
- Understand the product features.
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Get started with your Loan against Gold- Term Loan
Got your Welcome Kit? Inside it you should find:
- A Loan Sanction Order
- A Copy of Terms and Conditions
- A Valuation Certificate
These documents will be handed over to you across the table when you visit the branch to avail the loan.
Did you know?
- You can sign up for a Standing Instruction facility
You can also benefit from:
- An HDFC Bank Savings Account so you can save funds for the future
- An HDFC Bank Current Account to help you control your business operations carefully
- Our Safe Deposit Lockers and ensure that your valuables are kept safe
- Our Other Asset Products and get finance and loans to help you meet your financial expenses
Fees and Charges
Here is an exhaustive list of all the fees and charges to be paid for the loan:
| Fees | Amount to be paid |
|---|---|
| Loan Processing Charges | Upto 1.5% of loan amount |
| Valuation Fee | Upto Rs. 350 |
| No Due Certificate / No Objection Certificate (NOC) | Nil |
| Duplicate no due certificate / NOC | Not Applicable |
| Solvency Certificate | Not Applicable |
| Charges for late payment of loan amount | 2% p.a. as penal interest over and above applicable rate of interest. |
| Charges for changing from fixed to floating rateAn interest rate that is allowed to move up and down with the rest of the market or along with an index. of interest | Not Applicable |
| Charges for changing from floating to fixed rateAn interest rate that will remain at a predetermined rate for the entire term of the loan. of interest | Not Applicable |
| Stamp Duty & other statutory charges | Nil |
| Credit assessment charges | Not Applicable |
|
Non standard repayment charges |
Not Applicable |
| Outstation clearing charges | Not Applicable |
| Cheque swapping charges | Not Applicable |
| Loan cancellation / re-booking charges | Not Applicable |
| Bounce Cheque Charges | Not Applicable |
| Statement Charges (per statement) | Not Applicable |
| Duplicate Repayment Schedule charges | As incurred by the Bank |
| Legal, Repossession & Incidental chargesIncidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer. | Nil |
| Renewal Processing Fees | Upto Rs 500 |
| Prepayment/Partpayment charges | Upto 1% |
NOTE: A Service Tax of 12% and an Education Cess of 3% of the service tax amount will have to be paid on the fees and charges mentioned in the brochure regarding Tariffs, Charges or Fees. For your convenience, these taxes will appear as separate debits in your statements. All fees and charges can be changed at the sole discretion of the Bank.
Have questions?
How should I repay your gold loan (term)?
The best thing about a Loan Against Gold (term) is that you just have to keep servicing the interest.
No reminders, hassles or payments for EMIs are required.
What benefits do I get if I have an account with HDFC Bank?
You get benefits like faster processing time and simplified documentation. Further there are preferred rates for customers with strong banking relationship with the bank.In addition to this, we simply provide better standards of banking.
How long does will it take to process my loan?
A Gold Loan is disbursed at one sitting at the branch. This is, however, subject to the verification of the gold and other documents that you submit. Approvals are at the sole discretion of the bank.
How much loan can I avail of at time?
Your loan value starts from Rs.25000 onwards depending on the amount of Gold you bring.
What security do I need to provide against the Gold Loan (term loan)?
All you have to do is bring all your gold to our designated branch. We will value your gold and based on that valuation you can choose from the various product offerings we have, depending on your loan requirement.
Expand All
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