{"id":114,"date":"2018-02-25T17:25:02","date_gmt":"2018-02-25T11:55:02","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=114"},"modified":"2018-02-26T00:44:48","modified_gmt":"2018-02-25T19:14:48","slug":"900764-kotak-mahindra-bank-current-gold-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900764-kotak-mahindra-bank-current-gold-loan-interest-rates.html","title":{"rendered":"Kotak Mahindra Bank – Current Gold Loan Interest Rates"},"content":{"rendered":"

Kotak Mahindra Bank Limited – Current Gold Loans Interest Rates<\/strong><\/p>\n

New Delhi (Delhi, India), February 25, 2018<\/p>\n

Kotak Mahindra Bank Limited Cuts Gold Loan Interest Rate to 10.50% Per Annum<\/strong><\/p>\n

The Kotak Mahindra Bank Limited has decreased its gold loan interest rates by 0.05 percent, or 05 basis points with effect from Monday, October 16, 2017.<\/p>\n

Kotak Mahindra Bank has revised its minimum interest rate for gold loan from 10.55 percent to 10.50 percent per annum under the Kotak Mahindra Bank Loan Against Gold Scheme.<\/p>\n

Kotak Mahindra Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail Kotak Mahindra Bank gold loans.<\/p>\n

Kotak Mahindra Bank Loan Against Gold Scheme – Current Gold Loan Interest Rates<\/strong><\/p>\n

Kotak Mahindra Bank Gold Loan Interest Rate in Loan Against Gold Scheme:<\/strong> 10.50% to 17.00% Per Annum depending on the Customer Profile<\/p>\n

Kotak Mahindra Bank Gold Loans Rate of Interest is Floating or Fixed:<\/strong> Fixed Rate of Interest<\/p>\n

Minimum and Maximum Quantum of Kotak Mahindra Bank Gold Loan:<\/strong> Up to 75% of the Market Value of the Ornaments<\/p>\n

Kotak Mahindra Bank Gold Loan Minimum Borrowing Amount:<\/strong> Minimum Gold Loan Amount is Rs. 25,000<\/p>\n

Kotak Mahindra Bank Gold Loan Maximum Borrowing Amount:<\/strong> Maximum Gold Loan Amount is Rs. 25,00,000<\/p>\n

Minimum Tenure for the Kotak Mahindra Bank Gold Loan:<\/strong> Minimum Gold Loan Tenure is 6 Months<\/p>\n

Maximum Tenure for the Kotak Mahindra Bank Gold Loan:<\/strong> Maximum Gold Loan Tenure is 12 Months<\/p>\n

Kotak Mahindra Bank Gold Loan Pre Closure Charges or Prepayment Penalty:<\/strong> Nil Charges or Penalty<\/p>\n

Security Requirement for Kotak Mahindra Bank Gold Loan:<\/strong> Pledge of Gold Ornaments<\/p>\n

Minimum Age of the Borrower for Getting Kotak Mahindra Bank Gold Loan Sanctioned:<\/strong> Minimum Age 18 Years at the Time of Gold Loan Commencement<\/p>\n

Maximum Age of the Borrower for Getting Kotak Mahindra Bank Gold Loan Sanctioned:<\/strong> Maximum Age 70 Years at the Time of Gold Loan Maturity<\/p>\n

Kotak Mahindra Bank Gold Loan Valuation Charges:<\/strong> Rs. 500 plus GST<\/p>\n

Kotak Mahindra Bank Gold Loan Processing Fee:<\/strong> Up to 2.00% of the Gold Loan Amount plus GST<\/p>\n

Kotak Mahindra Bank Gold Loan Documentation Charges:<\/strong> 1.00% of the Gold Loan Amount plus GST (Minimum Rs. 250 plus GST Maximum Rs. 2,000 plus GST)<\/p>\n

Kotak Mahindra Bank Gold Part-Prepayment Penalty:<\/strong> Currently, Kotak Mahindra Bank levies no penalty for part-prepayment towards your Loan Against Gold (Minimum Part-Prepayment Amount is Rs. 5,000)<\/p>\n

Kotak Mahindra Bank Gold Foreclosure or Pre Closure Charges:<\/strong> Presently, Kotak Mahindra Bank does not levy any charge for foreclosure of gold loan<\/p>\n

Different Options for Making Kotak Mahindra Bank Gold Loan Repayments:<\/strong> 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<\/p>\n

Kotak Mahindra Bank – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Kotak Mahindra Bank Limited<\/p>\n","protected":false},"excerpt":{"rendered":"

Kotak Mahindra Bank Limited has decreased its gold loan interest rates by 0.05%, or 05 basis points with effect from Monday, October 16, 2017. This interest rate cut will reduce the cost of funds for those people who want to avail gold loans.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[47,51,103,112,110],"class_list":["post-114","post","type-post","status-publish","format-standard","hentry","category-banking","tag-current-interest-rates","tag-gold-loan-interest-rates","tag-kotak-mahindra-bank","tag-kotak-mahindra-bank-gold-loan","tag-kotak-mahindra-bank-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=114"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/114\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}