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Citibank India – Current Loan Against Securities Interest Rates



Citibank India – Current Interest Rates for Loan Against Mortgage of Securities

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

Citibank India Cuts Loan Against Securities Interest Rate to 9.50% Per Annum

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

Citibank India has revised its minimum loan against securities interest rate from 9.60 percent to 9.50 percent per annum (MCLR-1Year + 1.55%) for the loan against mortgage of securities.

The loan against mortgage of securities (Stock Power Account) interest rate of Citibank India is benchmarked or linked to its One-Year MCLR (Marginal Cost of Funds based Lending Rate). Citibank India’s current One-Year MCLR, which is called MCLR-1Y, is 7.95 percent per annum with effect from Tuesday, February 07, 2017.

Citibank India’s current interest rate cut will reduce the cost of funds for those people who want to avail loan against mortgage of their securities.

Securities Eligible for Citibank India Loan Against Mortgage of Securities

– Approved List of Demat Shares
– Approved List of Equity Mutual Fund Units
– Approved List of Debt Mutual Funds Units
– Approved List of Non Convertible Debentures
– Fixed Maturity Plans (FMP)
– Exchange Traded Funds (ETF)
– Life Insurance Policies
– Savings Bonds
– Kisan Vikas Patra (KVP)
– National Savings Certificate (NSC)
– Gold Deposit Certificates (GDC)
– NABARD’s Bhavishya Nirman Bonds
– RBI Relief Bonds

Citibank India – Current Loan Against Mortgage of Securities Interest Rates

Citibank India Loan Against Mortgage of Securities Interest Rate:
9.50% to 12.00% Per Annum (Interest levied on a daily reducing balance)

Citibank India Loan Against Mortgage of Equity Shares Interest Rate:
9.50% to 12.00% Per Annum



Citibank India Loan Against Mortgage of Securities Rate of Interest is Floating or Fixed:
Fixed Rate of Interest

Quantum of Citibank India Loan Against Mortgage of Securities:
Up to 70% of the Market Value of the Securities

Citibank India Loan Against Mortgage of Securities Minimum Borrowing Limit:
Minimum Loan Amount is Rs. 10,000

Citibank India Loan Against Mortgage of Securities Maximum Borrowing Limit:
Maximum Loan Amount is Rs. 20,00,000 against Equity Shares, Equity Mutual Funds, FMPs, PSU Bonds, and T-Bills
Maximum Loan Amount is Rs. 25,00,00,000 for 100% Debt Mutual Funds

Citibank India Loan Against Mortgage of Securities Processing Fee and Documentation Charges:
1.00% of the Loan Amount (Minimum Rs. 1,000 plus applicable Service Tax and Surcharge)

Maximum Tenure for the Citibank India Loan Against Mortgage of Securities:
Maximum Loan Tenure is 60 Months (This is reviewed and renewed annually)

Citibank India Loan Against Mortgage of Securities Pre Closure Charges or Prepayment Penalty:
Nil Charges or Penalty

Minimum Age Limit for Getting the Citibank India Loan Against Mortgage of Securities Sanctioned:
Minimum Age 23 Years at the Time of Loan Commencement

Charges for Citibank India Loan Against Mortgage of Securities Ovedue:
Minimum 2% Per Month of the Citibank India Loan Against Mortgage of Securities Outstanding Amount

Security Requirement for the Citibank India Loan Against Mortgage of Securities:
Pledge of Adequate Value of Securities and Equity Shares in Dematerialised Form from the Approved Scrip List

Guarantor Requirement for the Citibank India Loan Against Mortgage of Securities:
No Guarantor is Required

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


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