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Eligibily Criteria
Individuals who meet the eligibility requirements can apply for instant personal loans from banks. Depending on the borrower profile and the bank, these criteria may vary. A bank or an NBFC provides instant loans to its customers based on their profession and income history. For a more complete understanding of personal loans, you should refer to the following table:
The borrower should own gold.
The gold coin or ornament to be kept as collateral should be above 18 karats.
The borrower should have a steady income to pay off the loan on time.
The borrower should have a good CIBIL score.
Required Documents
Neatly signed and filled HDFC gold loan application form.
Passport-size photographs.
Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
Address Proof - Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.