New Delhi (Delhi, India), July 23, 2020<\/p>\n
The HDFC Bank Limited has decreased its gold loan interest rates by 0.20 percent, or 20 basis points with effect from Tuesday, July 07, 2020.<\/p>\n
HDFC Bank Limited has revised its minimum gold loan interest rate from 10.10 percent to 9.90 percent per annum under the HDFC Bank Loan Against Gold Scheme.<\/p>\n
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.<\/p>\n
HDFC Bank Gold Loan Interest Rate in Loan Against Gold Scheme:<\/strong> 9.90% to 17.90% Per Annum<\/p>\n HDFC Bank Gold Loans Rate of Interest is Floating or Fixed:<\/strong> Fixed Interest Rate<\/p>\n Minimum and Maximum Quantum of HDFC Bank Gold Loan:<\/strong> Up to 75% of the Market Value of the Ornaments<\/p>\n HDFC Bank Gold Loan Minimum Borrowing Amount:<\/strong> Minimum Gold Loan Amount is \u20b910,000 in Rural and Semi Urban Areas and \u20b950,000 in Urban Areas and Metro Cities<\/p>\n HDFC Bank Gold Loan Maximum Borrowing Amount:<\/strong> Maximum Gold Loan Amount is \u20b91,500,000<\/p>\n Minimum Tenure for the HDFC Bank Gold Loan:<\/strong> Minimum Gold Loan Tenure is 6 Months<\/p>\n Maximum Tenure for the HDFC Bank Gold Loan:<\/strong> Maximum Gold Loan Tenure is 12 Months<\/p>\n Security Requirement for HDFC Bank Gold Loan:<\/strong> Pledge of Gold Ornaments<\/p>\n Minimum Age of the Borrower for Getting HDFC Bank Gold Loan Sanctioned:<\/strong> Minimum Age 21 Years at the Time of Gold Loan Commencement<\/p>\n Maximum Age of the Borrower for Getting HDFC Bank Gold Loan Sanctioned:<\/strong> Maximum Age 70 Years at the Time of Gold Loan Maturity<\/p>\n HDFC Bank Gold Loan Valuation Charges:<\/strong> \u20b9500 plus GST<\/p>\n HDFC Bank Gold Loan Processing Fee and Documentation Charges:<\/strong> 1.00% of the Gold Loan Amount plus GST<\/p>\n HDFC Bank Gold Loan Pre Closure Charges or Prepayment Penalty:<\/strong> 1% of the Gold Loan Amount Prepaid plus GST<\/p>\n HDFC Bank Gold Foreclosure or Pre Closure Charges:<\/strong> 1% of the Principal Outstanding plus GST if the gold loan is foreclosed within 6 months<\/p>\n Different Options for Making HDFC Bank Gold Loan Repayments:<\/strong> 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<\/p>\nCurrent Deposits and Loans Interest Rates of HDFC Bank Ltd<\/h6>\n