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HDFC Bank Limited – Current Gold Loan Interest Rates



HDFC Bank Limited – Current Gold Loans Interest Rates

New Delhi (Delhi, India), September 12, 2017

HDFC Bank Limited Cuts Gold Loan Interest Rate to 9.00% Per Annum

The HDFC Bank Limited has decreased its gold loan interest rates by 0.10 percent, or 10 basis points with effect from Friday, June 30, 2017.

HDFC Bank Limited has revised its minimum gold loan interest rate from 9.10 percent to 9.00 percent per annum under the HDFC Bank Loan Against Gold Scheme.

HDFC Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail HDFC Bank gold loans.

HDFC Bank Ltd Loan Against Gold Scheme – Current Gold Loan Interest Rates

HDFC Bank Gold Loan Interest Rate in Loan Against Gold Scheme:
9.00% to 14.95% Per Annum

HDFC Bank Gold Loans Rate of Interest is Floating or Fixed:
Fixed Interest Rate

Minimum and Maximum Quantum of HDFC Bank Gold Loan:
Up to 75% of the Market Value of the Ornaments

HDFC Bank Gold Loan Minimum Borrowing Amount:
Minimum Gold Loan Amount is Rs. 10,000 in Rural and Semi Urban Areas and Rs. 50,000 in Urban Areas and Metro Cities



HDFC Bank Gold Loan Maximum Borrowing Amount:
Maximum Gold Loan Amount is Rs. 15,00,000

Minimum Tenure for the HDFC Bank Gold Loan:
Minimum Gold Loan Tenure is 6 Months

Maximum Tenure for the HDFC Bank Gold Loan:
Maximum Gold Loan Tenure is 12 Months

Security Requirement for HDFC Bank Gold Loan:
Pledge of Gold Ornaments

Minimum Age of the Borrower for Getting HDFC Bank Gold Loan Sanctioned:
Minimum Age 21 Years at the Time of Gold Loan Commencement

Maximum Age of the Borrower for Getting HDFC Bank Gold Loan Sanctioned:
Maximum Age 70 Years at the Time of Gold Loan Maturity

HDFC Bank Gold Loan Valuation Charges:
Rs. 500 plus GST

HDFC Bank Gold Loan Processing Fee and Documentation Charges:
1.00% of the Gold Loan Amount plus GST

HDFC Bank Gold Loan Pre Closure Charges or Prepayment Penalty:
1% of the Gold Loan Amount Prepaid plus GST

HDFC Bank Gold Foreclosure or Pre Closure Charges:
1% of the Principal Outstanding plus GST if the gold loan is foreclosed within 6 months

Different Options for Making HDFC Bank Gold Loan Repayments:
The three options for making repayments are (i) Interest payment upfront and repayment of principal amount on maturity date, or (ii) Monthly interest payment and repayment of principal on maturity date, or (iii) Equated Monthly Installment (EMI) option

HDFC Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of HDFC Bank Limited


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