hdfc bank gold loan per gram today : If you’re looking to take out a gold loan, you’ll need to know the current rate per gram. In this article, we’ll provide an update on the latest hdfc gold loan rate so that you can make an informed decision.
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hdfc bank gold loan per gram today 2023
HDFC Bank Gold Loan
HDFC Bank Gold Loan is a loan against your gold ornaments. You can avail of a loan amounting to 75% of the value of your gold at attractive interest rates. The repayment period for HDFC Bank Gold Loan is flexible and you can choose to repay the loan in EMIs or as a lump sum payment.
With HDFC Bank Gold Loan, you can get quick and easy access to funds for all your financial needs. Whether you need funds for wedding expenses, medical emergencies, home renovation or any other urgent requirement, HDFC Bank Gold Loan is the perfect solution.
Apply for HDFC Bank Gold Loan today and get the funds you need in a hassle-free manner!
How to Apply for HDFC Bank Gold Loan?
HDFC Bank Gold Loan is a secured loan against your gold jewellery. The loan can be used for various purposes like business, wedding, travel, etc. The interest rate on HDFC Bank Gold Loan is competitive and you can repay the loan within the tenor.
To apply for HDFC Bank Gold Loan, you can either visit the nearest HDFC Bank branch or apply online. To apply online, you need to log in to your HDFC Bank account and fill in the requisite details. The bank will then appraise your gold and disburse the loan amount.
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HDFC Bank Gold Loan Interest Rates
HDFC Bank gold loan interest rates are some of the lowest in the market. Today, you can get a gold loan from HDFC Bank at just 9.50% per annum. That’s one of the lowest gold loan interest rates you’ll find today.
With an HDFC Bank gold loan, you can borrow against your gold jewellery to meet your financial needs. Whether you need money for your child’s education, wedding or any other emergency, a gold loan from HDFC Bank can help you out.
And since HDFC Bank offers one of the lowest gold loan interest rates around, you can be sure that you’re getting a good deal on your loan. So if you’re looking for a gold loan, make sure to check out HDFC Bank.
HDFC Bank Gold Loan Processing Fee
HDFC Bank charges a processing fee of 1% on all gold loans. This fee is calculated on the loan amount and is payable at the time of loan disbursement.
HDFC Bank Gold Loan tenure
HDFC Bank offers gold loan tenures of 6, 12, 18, and 24 months. The interest rate on HDFC Bank gold loans is 9.50% p.a. for a tenure of 6 months, 9.75% p.a. for a tenure of 12 months, and 10.00% p.a. for a tenure of 18 and 24 months.
The processing fee for HDFC Bank gold loans is 1% of the loan amount plus taxes. The pre-payment charges for HDFC Bank gold loans are 2% of the outstanding loan amount plus taxes, if the loan is prepaid before the end of the tenure.
HDFC Bank also offers the facility of overdraft against gold deposits. The interest rate on HDFC Bank overdraft against gold deposits is 10.50% p.a.
HDFC Bank Gold Loan EMI Calculator
HDFC Bank offers gold loan at the rate of Rs. 2,991 per gram of gold. The minimum loan amount is Rs. 1 lakh and the maximum loan amount is Rs. 20 lakh. The repayment tenure for HDFC Bank gold loan is 12 months.
HDFC Bank gold loan comes with a number of features and benefits such as:
- – Attractive interest rates: HDFC Bank offers one of the most competitive interest rates on gold loans in the market.
- – Flexible repayment options: You can choose to repay your HDFC Bank gold loan in EMIs or through a bullet payment at the end of the tenure.
- – No pre-payment charges: You can prepay your HDFC Bank gold loan without having to pay any pre-payment charges.
- – Security and transparency: Your gold is securely stored with HDFC Bank and you can track the value of your collateral online.
- How to repay HDFC Bank Gold Loan?
HDFC Bank provides its customers with several options to repay their gold loan. The customer can choose any of the following methods:
- Pre–payment: The customer can repay the entire loan amount before the due date by paying the Pre-Payment Charges, as applicable.
- Part–prepayment: The customer can partially repay the loan amount before the due date. Part-prepayment can be made any number of times during the loan tenure, as per the customer’s convenience. However, a part-prepayment charge will be levied each time a part-prepayment is made.
- EMI: Equated monthly instalments can be paid to HDFC Bank through post-dated cheques or auto-debit instructions, to repay the loan amount in equal monthly instalments over the loan tenure.
- Overdraft facility: The customer can avail of an overdraft facility against their gold loan account, subject to meeting the eligibility criteria.
golden rules of taking a hdfc gold loan
When you’re taking a gold loan, there are certain golden rules that you should follow in order to make the most of your loan and ensure that you’re able to repay it comfortably. Here are those golden rules:
1. Only borrow as much as you need – Don’t be tempted to borrow more than you actually need just because you’re eligible for a higher loan amount. Borrow only as much as you require to meet your financial needs.
2. Shop around for the best interest rates – Don’t just go with the first gold loan offer that comes your way. Shop around and compare rates from different lenders to ensure that you’re getting the best deal possible.
3. Carefully consider the repayment period – The repayment period for a gold loan is usually shorter than other types of loans, so make sure that you’ll be able to comfortably repay the loan within that timeframe.
4. Make timely repayments – It’s important to make your repayments on time in order to avoid any penalties or additional interest charges. Stay on top of your repayments and clear your loan as soon as possible.
By following these golden rules, you can maximize the benefits of taking a gold loan and avoid any potential