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Citibank India – Current Gold Loan Interest Rates



Citibank India – Current Gold Loans Interest Rates

New Delhi (Delhi, India), June 05, 2017

Citibank India Cuts Gold Loan Interest Rate to 12.50% Per Annum

The Citibank India has decreased its gold loan interest rates by 0.10 percent, or 10 basis points with effect from Tuesday, February 07, 2017.

Citibank India has revised its minimum gold loan interest rate from 12.60 percent to 12.50 percent per annum under the Citibank India Loan Against Gold Scheme.

Citibank India’s current interest rate cut will reduce the cost of funds for those people who want to avail Citibank India gold loans.

Citibank India Loan Against Gold Scheme – Current Gold Loan Interest Rates

Citibank India Gold Loan Interest Rate in Loan Against Gold Scheme:
12.50% Per Annum

Citibank India Gold Loans Rate of Interest is Floating or Fixed:
Fixed Rate of Interest

Minimum and Maximum Quantum of Citibank India Gold Loan:
Up to 75% of the Market Value of the Ornaments

Citibank India Gold Loan Minimum Borrowing Amount:
Minimum Gold Loan Amount is Rs. 25,001

Citibank India Gold Loan Maximum Borrowing Amount:
Maximum Gold Loan Amount is Rs. 5,00,000



Minimum Tenure for the Citibank India Gold Loan:
Minimum Gold Loan Tenure is 6 Months

Maximum Tenure for the Citibank India Gold Loan:
Maximum Gold Loan Tenure is 36 Months

Citibank India Gold Loan Pre Closure Charges or Prepayment Penalty:
Nil Charges or Penalty

Security Requirement for Citibank India Gold Loan:
Pledge of Gold Ornaments

Minimum Age of the Borrower for Getting Citibank India Gold Loan Sanctioned:
Minimum Age 23 Years at the Time of Gold Loan Commencement

Maximum Age of the Borrower for Getting Citibank India Gold Loan Sanctioned:
Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants at the Time of Gold Loan Maturity

Citibank India Gold Loan Valuation Charges:
Rs. 500 plus applicable Service Tax

Citibank India Gold Loan Processing Fee and Documentation Charges:
Minimum 1.00% of the Gold Loan Amount plus applicable Service Tax and Surcharge

Citibank India Gold Part-Prepayment Penalty:
Currently, Citibank India levies no penalty for part-prepayment towards your Loan Against Gold (Minimum Part-Prepayment Amount is Rs. 5,000)

Citibank India Gold Foreclosure or Pre Closure Charges:
Presently, Citibank India does not levy any charge for foreclosure of gold loan

Different Options for Making Citibank India 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

Citibank India – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Citibank India


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