{"id":504,"date":"2018-02-25T08:25:44","date_gmt":"2018-02-25T02:55:44","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=504"},"modified":"2018-02-25T15:59:34","modified_gmt":"2018-02-25T10:29:34","slug":"900314-citibank-india-current-gold-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900314-citibank-india-current-gold-loan-interest-rates.html","title":{"rendered":"Citibank India – Current Gold Loan Interest Rates"},"content":{"rendered":"

Citibank India – Current Gold Loans Interest Rates<\/strong><\/p>\n

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

Citibank India Cuts Gold Loan Interest Rate to 12.25% Per Annum<\/strong><\/p>\n

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.<\/p>\n

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.<\/p>\n

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

Citibank India Loan Against Gold Scheme – Current Gold Loan Interest Rates<\/strong><\/p>\n

Citibank India Gold Loan Interest Rate in Loan Against Gold Scheme:<\/strong> 12.25% Per Annum<\/p>\n

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

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

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

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

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

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

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

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

Minimum Age of the Borrower for Getting Citibank India Gold Loan Sanctioned:<\/strong> Minimum Age 23 Years at the Time of Gold Loan Commencement<\/p>\n

Maximum Age of the Borrower for Getting Citibank India 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

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

Citibank India Gold Loan Processing Fee and Documentation Charges:<\/strong> Minimum 1.00% of the Gold Loan Amount plus GST<\/p>\n

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

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

Different Options for Making Citibank India 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

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

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.<\/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":[283,292,290,47,51],"class_list":["post-504","post","type-post","status-publish","format-standard","hentry","category-banking","tag-citibank-india","tag-citibank-india-gold-loan","tag-citibank-india-interest-rates","tag-current-interest-rates","tag-gold-loan-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/504","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=504"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}