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GIGA Savings Account
GIGA Gold Loan by HDFC Bank
GIGA Gold Loan sorts your finances with a sparkle
GIGA Gold Loan sorts your finances with a sparkle

Let your gold help you in times of need

Fast assessment, processing and disbursal of loan

Fast assessment, processing and disbursal of loan

Gold term loan and overdraft against gold offered

Gold term loan and overdraft against gold offered

No financial requirement is necessary

No financials required

A loan of up to ₹ 3.5 crore is available

A loan of up to ₹ 3.5 crore is available

  • Submit the application form, PAN and KYC documents to kickstart the loan process
  • An effortless over-the-counter loan product with a processing time of only 45 minutes
  • Your gold is safely stored in HDFC Bank lockers with triple-layer security packing
  • All gold items are handled and assessed by experienced assayers and valuers
  • A GIGA Gold Loan gets you up to 75% of the value of your gold

  • HDFC Bank account holders can get a GIGA Gold Loan of up to ₹ 70 lakhs without any financials requirement. For new customers, this relaxation is up to ₹ 20 lakhs
  • Only the interest portion is charged through EMI. Principal payment can be made at the end of the loan tenure
  • You can repay/part-pay the loan without restrictions and foreclosure charges after six months
ELIGIBILITY CRITERIA
  • The GIGA Gold Loan can be a term loan or an overdraft

    The GIGA Gold Loan can be taken as a term loan or an overdraft

  • The loan tenure is 3 to 36 months

    The loan tenure is 3 to 36 months

  • The applicant must be between 18 and 75* years of age.

    The applicant must be between 18 and 75* years of age.

  • A maximum of four loans can be availed of at any given time

    A maximum of four loans can be availed of at any given time

  • The minimum loan amount is ₹25,000**

    The minimum loan amount is ₹25,000**

  • Loan from ₹25000 to ₹3.5 cr Overdraft from ₹5 lakhs to ₹3.5 cr

    Loan from ₹25000 to ₹3.5 cr Overdraft from ₹5 lakhs to ₹3.5 cr

*Applicants older than 75 can apply with a co-applicant
 ** ₹10,000 in rural areas

DOCUMENTS REQUIRED
Existing HDFC Bank customers need to submit the application form and KYC documents.

Address and identification proof include the following:

  • Passport
  • Driving license
  • Voter’s ID
  • PAN card (only as identity proof)
  • Aadhaar card
  • No requirement of financials for a gold loan of up to ₹ 70 lakhs for HDFC Bank CASA customers (₹ 20 lakhs for new customers)

When to go for a GIGA Gold Loan?

The GIGA Gold Loan can be your saviour when –

  • You need an instant loan, preferably in a few hours or a day
  • You need a loan but want the option of repaying it in a few months
  • Your business has working capital needs
  • You own gold and have valid KYC documents ready
  • If your irregular cashflows are preventing you from accessing regular loan products, a loan against gold can be your best bet
  • If you need an overdraft to manage your uneven income flow

FREQUENTLY ASKED QUESTIONS
What is a Gold Loan?

A loan taken against your gold or jewellery is known as a Gold Loan. When you hand over your gold to the bank in return of a specific amount it is classified as a Gold Loan. It is a quick and straightforward process to obtain funds against your gold with minimal documentation at competitive Gold Loan interest rates with flexible tenures. 

Who is eligible to get a Gold Loan?

An Indian Resident between the age of 18 and 75 years can apply for a Gold Loan through HDFC Bank. You can check your eligibility through Gold Loan eligibility calculator.

What documents are required to apply for a Gold Loan?

The list of documents required if you wish to apply for a Loan against Gold with HDFC Bank are:

  • One Passport Size Photograph
  • PAN card or any of the following documents or Form 60
    • Passport
    • Driving license
    • Voters’ ID Card
    • Aadhaar Card issued by UIDAI

When should you apply for a Gold Loan?

You can apply for a Loan against Gold when you require funds for a specific purpose. As the turnaround time to receive the funds over the counter at any HDFC Bank branch nearest to you is 45 minutes, you can use this advantage to apply for a Gold Loan during an emergency as well.