Citibank India has decreased its gold loan interest rates by 0.20%, or 20 basis points with effect from Wednesday, February 07, 2018. This interest rate cut will reduce the cost of funds for those people who want to avail gold loans.
Citibank India – Current Gold Loans Interest Rates
New Delhi (Delhi, India), February 25, 2018
Citibank India Cuts Gold Loan Interest Rate to 12.25% Per Annum
The Citibank India has decreased its gold loan interest rates by 0.20 percent, or 20 basis points with effect from Wednesday, February 07, 2018.
Citibank India has revised its minimum gold loan interest rate from 12.45 percent to 12.25 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: 12.25% 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 GST
Citibank India Gold Loan Processing Fee and Documentation Charges: Minimum 1.00% of the Gold Loan Amount plus GST
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