Abu Dhabi Commercial Bank has decreased its gold loan interest rates by 0.20%, or 20 basis points with effect from Tuesday, November 01, 2016. This interest rate cut will reduce the cost of funds for those people who want to avail gold loans.
Abu Dhabi Commercial Bank – Current Gold Loans Interest Rates
New Delhi (Delhi, India), February 18, 2018
Abu Dhabi Commercial Bank Cuts Gold Loan Interest Rate to 12.50% Per Annum
The Abu Dhabi Commercial Bank has decreased its gold loan interest rates by 0.20 percent, or 20 basis points with effect from Tuesday, November 01, 2016.
Abu Dhabi Commercial Bank has revised its minimum gold loan interest rate from 12.70 percent to 12.50 percent per annum under the Abu Dhabi Commercial Bank Loan Against Gold Scheme.
Abu Dhabi Commercial Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail Abu Dhabi Commercial Bank gold loans.
Abu Dhabi Commercial Bank Loan Against Gold Scheme – Current Gold Loan Interest Rates
Abu Dhabi Commercial Bank Gold Loan Interest Rate in Loan Against Gold Scheme: 12.50% Per Annum
Abu Dhabi Commercial Bank Gold Loans Rate of Interest is Floating or Fixed: Fixed Rate of Interest
Minimum and Maximum Quantum of Abu Dhabi Commercial Bank Gold Loan: Up to 75% of the Value of the Ornaments
Abu Dhabi Commercial Bank Gold Loan Minimum Borrowing Amount: Minimum Gold Loan Amount is Rs. 25,001
Abu Dhabi Commercial Bank Gold Loan Maximum Borrowing Amount: Maximum Gold Loan Amount is Rs. 5,00,000
Minimum Tenure for the Abu Dhabi Commercial Bank Gold Loan: Minimum Gold Loan Tenure is 6 Months
Maximum Tenure for the Abu Dhabi Commercial Bank Gold Loan: Maximum Gold Loan Tenure is 36 Months
Abu Dhabi Commercial Bank Gold Loan Pre Closure Charges or Prepayment Penalty: Nil Charges or Penalty
Security Requirement for Abu Dhabi Commercial Bank Gold Loan: Pledge of Gold Ornaments
Minimum Age of the Borrower for Getting Abu Dhabi Commercial Bank Gold Loan Sanctioned: Minimum Age 21 Years at the Time of Gold Loan Commencement
Maximum Age of the Borrower for Getting Abu Dhabi Commercial Bank Gold Loan Sanctioned: Maximum Age 60 Years for Salaried Applicants and Self-Employed Applicants at the Time of Gold Loan Maturity
Abu Dhabi Commercial Bank Gold Loan Valuation Charges: Rs. 500 plus applicable Service Tax
Abu Dhabi Commercial Bank Gold Loan Processing Fee and Documentation Charges: 0.508% of the Gold Loan Amount plus applicable Service Tax and Surcharge
Abu Dhabi Commercial Bank Gold Part-Prepayment Penalty: Currently, Abu Dhabi Commercial Bank levies no penalty for part-prepayment towards your Loan Against Gold (Minimum Part-Prepayment Amount is Rs. 5,000)
Abu Dhabi Commercial Bank Gold Foreclosure or Pre Closure Charges: Presently, Abu Dhabi Commercial Bank does not levy any charge for foreclosure of gold loan
Different Options for Making Abu Dhabi Commercial Bank Gold Loan Repayments: The three options for making repayments are (i) Interest payment upfront and repayment of principal amount on maturity date, or (ii) Monthly interest payment and repayment of principal on maturity date, or (iii) Equated Monthly Installment (EMI) option
Abu Dhabi Commercial Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Abu Dhabi Commercial Bank