ING Vysya 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.
ING Vysya Bank Limited – Current Gold Loans Interest Rates
New Delhi (Delhi, India), February 26, 2018
ING Vysya Bank Limited Cuts Gold Loan Interest Rate to 10.50% Per Annum
The ING Vysya Bank Limited (now merged with 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.
ING Vysya Bank has revised its minimum interest rate for gold loan from 10.55 percent to 10.50 percent per annum under the ING Vysya Bank Loan Against Gold Scheme.
ING Vysya Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail ING Vysya Bank gold loans.
ING Vysya Bank Loan Against Gold Scheme – Current Gold Loan Interest Rates
ING Vysya Bank Gold Loan Interest Rate in Loan Against Gold Scheme: 10.50% to 17.00% Per Annum depending on the Customer Profile
ING Vysya Bank Gold Loans Rate of Interest is Floating or Fixed: Fixed Rate of Interest
Minimum and Maximum Quantum of ING Vysya Bank Gold Loan: Up to 75% of the Market Value of the Ornaments
ING Vysya Bank Gold Loan Minimum Borrowing Amount: Minimum Gold Loan Amount is Rs. 25,000
ING Vysya Bank Gold Loan Maximum Borrowing Amount: Maximum Gold Loan Amount is Rs. 25,00,000
Minimum Tenure for the ING Vysya Bank Gold Loan: Minimum Gold Loan Tenure is 6 Months
Maximum Tenure for the ING Vysya Bank Gold Loan: Maximum Gold Loan Tenure is 12 Months
ING Vysya Bank Gold Loan Pre Closure Charges or Prepayment Penalty: Nil Charges or Penalty
Security Requirement for ING Vysya Bank Gold Loan: Pledge of Gold Ornaments
Minimum Age of the Borrower for Getting ING Vysya Bank Gold Loan Sanctioned: Minimum Age 18 Years at the Time of Gold Loan Commencement
Maximum Age of the Borrower for Getting ING Vysya Bank Gold Loan Sanctioned: Maximum Age 70 Years at the Time of Gold Loan Maturity
ING Vysya Bank Gold Loan Valuation Charges: Rs. 500 plus GST
ING Vysya Bank Gold Loan Processing Fee: Up to 2.00% of the Gold Loan Amount plus GST
ING Vysya Bank Gold Loan Documentation Charges: 1.00% of the Gold Loan Amount plus GST (Minimum Rs. 250 plus GST Maximum Rs. 2,000 plus GST)
ING Vysya Bank Gold Part-Prepayment Penalty: Currently, ING Vysya Bank levies no penalty for part-prepayment towards your Loan Against Gold (Minimum Part-Prepayment Amount is Rs. 5,000)
ING Vysya Bank Gold Foreclosure or Pre Closure Charges: Presently, ING Vysya Bank does not levy any charge for foreclosure of gold loan
Different Options for Making ING Vysya Bank 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
ING Vysya Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of ING Vysya Bank Limited