{"id":464,"date":"2018-02-24T08:25:31","date_gmt":"2018-02-24T02:55:31","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=464"},"modified":"2018-02-24T16:20:40","modified_gmt":"2018-02-24T10:50:40","slug":"900554-indian-bank-current-gold-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900554-indian-bank-current-gold-loan-interest-rates.html","title":{"rendered":"Indian Bank – Current Gold Loan Interest Rates"},"content":{"rendered":"

Indian Bank – Current Gold Loans Interest Rates<\/strong><\/p>\n

New Delhi (Delhi, India), February 24, 2018<\/p>\n

Indian Bank Cuts Gold Loan Interest Rate to 12.45% Per Annum<\/strong><\/p>\n

The Indian Bank has decreased its gold loan interest rates by 0.20 percent, or 20 basis points with effect from Sunday, May 07, 2017.<\/p>\n

Indian Bank has revised its minimum gold loan interest rate from 12.65 percent to 12.45 percent per annum under the Indian Bank Loan Against Gold Scheme.<\/p>\n

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

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

Indian Bank Gold Loan Interest Rate in Loan Against Gold Scheme:<\/strong> 12.45% Per Annum<\/p>\n

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

Minimum and Maximum Quantum of Indian Bank Gold Loan:<\/strong> Up to 70% of the Value of the Ornaments<\/p>\n

Indian Bank Gold Loan Minimum Borrowing Amount:<\/strong> Minimum Gold Loan Amount is Rs. 25,001<\/p>\n

Indian Bank Gold Loan Maximum Borrowing Amount:<\/strong> Maximum Gold Loan Amount is Rs. 5,00,000<\/p>\n

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

Maximum Tenure for the Indian Bank Gold Loan:<\/strong> Maximum Gold Loan Tenure is 36 Months<\/p>\n

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

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

Minimum Age of the Borrower for Getting Indian Bank Gold Loan Sanctioned:<\/strong> Minimum Age 21 Years at the Time of Gold Loan Commencement<\/p>\n

Maximum Age of the Borrower for Getting Indian Bank Gold Loan Sanctioned:<\/strong> Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants at the Time of Gold Loan Maturity<\/p>\n

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

Indian Bank Gold Loan Processing Fee and Documentation Charges:<\/strong> 0.56% of the Gold Loan Amount plus GST<\/p>\n

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

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

Different Options for Making Indian 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

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

Indian Bank has decreased its gold loan interest rates by 0.20%, or 20 basis points with effect from Sunday, May 07, 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":[47,51,255,268,259],"class_list":["post-464","post","type-post","status-publish","format-standard","hentry","category-banking","tag-current-interest-rates","tag-gold-loan-interest-rates","tag-indian-bank","tag-indian-bank-gold-loan","tag-indian-bank-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/464","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=464"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/464\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}