Lakshmi Vilas Bank Jewel Loan

I want to get the loan on gold Jewellery by Lakshmi Vilas Bank . Will you please tell what is the rate of interest is decoded by the Lakshmi Vilas Bank for loan on gold Jewellery . Also please give detail about the polices of the bank for giving this loan.

Hello Sir I want to take Jewel Loan from Lakshmi Vilas Bank I want to know for the interest rate and what is the Loan processing fee?

[sumit]

Lakshmi Vilas Bank was founded in 1926 by a group of seven progressive businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar.

Interest Rates
Agriculture Purpose
Base Rate + 1.00% (PER: 11.70% p.a.)

Non-Agriculture Purpose
Base Rate + 2.25% (PER: 12.95% p.a.)

Loan processing fee
0.50% of the limit sanctioned, subject to a minimum of Rs.100/-

Quantum
Minimum
Rs.0.50 Lacs

Maximum
Rs.5.00 to 50.00 Lacs
Based on the advance value per gram of gold as fixed by the Bank from time to time in respect of jewel advances and due appraisal by the Bank appraiser.

Loans offered by Lakshmi Vilas Bank
Loan against Property
Lakshmi Home Loan
Lakshmi Business Credit
Initial Public Offer
Lakshmi Rental Loan
Lakshmi Personal vehicle
Lakshmi Easy Loan
Lakshmi Gold Power
Vidhya Lakshmi Loan
Commercial Vehicle

Board of Directors
Shri. D.L.N.Rao
Director

Shri. K.R.Pradeep
Director

Shri.S.G.Prabhakharan
Director

Shri. S.Dattathreyan
Director

Shri. Dr.P.A. Shankar
Director

Shri. N.Malayalaramamirtham
Director

Shri.Pankaj Vaish
Director

Shri.Prakash P. Mallya
Director

Ms. E.V. Sumithasri
Director

Shri. Vivek Deep
Director ( RBI Nominee)

Shri.K. Babuji
Director ( RBI Nominee