HDFC Bank Gold Loan Interest Rate: Slab Pricing, Decoded

HDFC Bank prices gold loans across an indicative 9.3%–17.9% band — and the single biggest lever is how much of your gold's value you draw: lower LTV, lower rate. Per ₹1 lakh borrowed, the monthly interest runs from ₹775 at the floor to ₹1,492 at the top slab.

Figures on this page are indicative and for comparison only — BankCreds is not a lender; confirm current rates, charges and eligibility with the bank or NBFC before applying.

Why HDFC Bank quotes three different rates for one pledge

Think of HDFC Bank's 9.3%–17.9% spread as an LTV dial rather than a negotiation range: turn your drawdown lower and the rate follows, mechanically.

You draw (of value)Indicative rate*Monthly / ₹1 lakh
Up to ~55–60%9.3%₹775
~60–70%13.5%₹1,125
Max (75% cap)17.9%₹1,492

*Indicative framing of HDFC Bank's 9.3%–17.9% band; actual scheme boundaries vary. Verify at branch — the KFS binds.

The per-lakh column converts rates into grocery-math: ₹5 lakh drawn at HDFC Bank's floor slab carries ₹3,875 of monthly interest; the same at the top slab, ₹7,460. If your gold comfortably covers the need, "quote me a lower-LTV scheme" is the cheapest sentence in gold borrowing.

Drawn@9.3%/mo@13.5%/mo@17.9%/mo
₹2 lakh ₹1,550 ₹2,250 ₹2,984
₹5 lakh ₹3,875 ₹5,625 ₹7,460
₹10 lakh ₹7,750 ₹11,250 ₹14,920

The ladder against neighbours

LenderFloorCeilingMonthly/₹1L at floor
HDFC Bank9.3%17.9%₹775
ICICI Bank 9.25% 18% ₹771
Karur Vysya Bank 9.25% 11% ₹771
Axis Bank 9.5% 17% ₹792

Read floors against floors: a lender whose ceiling scares you may still hold the sharpest low-LTV slab. HDFC Bank's position above is one input; your appraisal and scheme pick decide the rest.

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HDFC Bank gold loan — FAQs

Why does HDFC Bank charge different gold-loan rates on different schemes?
Same gold, different draw: HDFC Bank's cheaper schemes simply lend a smaller share of appraised value, and the extra buffer flows back as basis points. That's the whole spread from 9.3% to 17.9% — LTV appetite, priced honestly.
What does a HDFC Bank gold loan cost per month per ₹1 lakh?
Take the rate, divide by twelve, apply to each lakh: HDFC Bank's 9.3% floor works out to ₹775/lakh/month and its 17.9% ceiling to ₹1,492. The table above does this for ₹2–10 lakh so the counter can't do it to you.
Are HDFC Bank's advertised gold-loan rates guaranteed?
Treat 9.3%–17.9% as the honest map, not the contract: scheme, ticket size, tenure and payment-discipline conditions position you inside it. The binding number arrives on your Key Fact Statement before acceptance — read it against whatever the counter said aloud.
Can I move my gold loan from HDFC Bank to a cheaper lender later?
Yes — gold-loan refinancing is routine: close and release at HDFC Bank, re-pledge at the cheaper counter (or use a lender's takeover process where offered). The choreography needs a same-day plan and re-pledging costs a fresh round of appraisal/stamp charges — worth it when the rate gap is points, not fractions.
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Disclaimer: BankCreds.com is a loan comparison platform and does not directly lend, disburse, or provide any financial products. We aggregate and display loan offers from RBI-registered banks and NBFCs to help you make an informed decision. All loan applications are processed directly by the respective lender. Interest rates, charges, eligibility, and terms shown are indicative and subject to the lender's final assessment. Please read the lender's terms and conditions carefully before applying.