HDFC Bank Loan against gold jewellery and ornaments


This article gives complete information on the HDFC Bank scheme for taking a loan against gold jewellery and ornaments and how to apply for a HDFC loan against gold jewellery

If you own gold ornaments and you need money for important personal reasons, such as paying for educational fees of your child or for your daughter's wedding, you can get a loan against jewellery you own. One of the banks providing this facility is HDFC Bank.

Gold jewellery

HDFC Bank Loan against Gold Features


1. You can take a loan of up to Rs.10,00,000/- and up to 90% of the value of your gold jewellery.
2. The bank ensures that you gold jewellery is safe and secure.
3. There is provision for Anytime Liquidity (ATL).
4. You don't have to bother about EMI
5. Lower rates of Interest.
6. If you are an existing customer of HDFC Bank, you will get special rates.

Eligibility Criteria for HDFC Bank Loan against Gold


There are only 2 basic eligibility requirements for applying for HDFC Bank Loan against Gold. Firstly, your age should not be over 65 years. Secondly, the gold jewellery against which you are taking the loan should be your own or it should be owned by a family member. You cannot take a loan against gold owned by your friends or colleagues!

It is also important to note that you should not take the loan against gold for buying shares or for indulging in gambling activities or any anti-social activities.

Documents Requirements for HDFC Bank Loan against Gold


1. Two photographs (passport size only)
2. Any proof of identity: this could be a copy of your passport, your driving license or your voter's ID card.
3. Any proof of address: this could be a copy of your passport, your ration card, any bill having your address (such as telephone bill), your shop license, etc.
4. Proof of your signature: this could be a copy of your passport, your driving license, a cancelled cheque, or signature verification document from your Bank.

How to Apply for HDFC Bank Loan against Gold


1. You can call the HDFC Bank:
Click here to know HDFC Phone Banking Numbers

2. Visit your nearest HDFC Bank branch
HDFC Bank branches

3. Send an email to HDFC Bank at: las.product@hdfcbank.com

Important Note: The author of this article is not endorsing HDFC Bank or any of its schemes and services or endorsing the bank's loan against gold scheme. Readers are advised to take loans at their discretion and confirm all aspects, features and benefits / advantages / disadvantages before applying for any scheme. It is especially important to confirm rate of interest and term period of loans and compare with other banks / financial firms for selecting the best suitable for your budget.

Reference: http://www.hdfcbank.com/personal/loans/gold_loan/term_loan/gold_loans.htm


More articles: Gold Loan

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