LVB Bank Gold Loan

Friends , My father want to apply for Gold Loan from Lakshmi Vilas Bank . Please will you give me details about Interest Rates , Loan processing fee ??? Also provide me EMI Calculater for calculate Interest rates .

[Shaleen]

As you said that your father want to get Gold Loan from Lakshmi Vilas Bank On your demand here I am providing info. for you:

Interest Rates :


Agri. Purpose : Base Rate + 1.00% (PER: 11.95% p.a.)
Non-Agri. Purpose : Base Rate + 2.25% (PER: 13.20% p.a.)

Interest Type:

Floating

Loan processing fee

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

Repayment Period

Continuation of facility based on annual review

By follow this process You can calculate Interest rates

Go on Official website of LVB

Click on Calculater option which is given left side of page

Then you will move next page


Here click on EMI Calculater option

By clicking you will visit on calculater page

On this page you can calculate loan Intreset rates

Hello friends my name is Ramesh vyas and I am planning to take gold loan from laxmi villas bank .could you provide me the rate of interest rate and loan amount limit ?

[Raman Vij]

Lakshmi Vilas Bank started in 1926 by a group of seven progressive businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar. Lakshmi Vilas Bank was incorporated on November 3, 1926 under the Indian Companies Act, 1913, and obtained the certificate to commence business on November 10, 1926.

Gold loan at LVB:

The purpose is meet the personal/agricultural/business requirements of Individuals, Business entities, etc. the maximum amount of loan is 50 lakh.
For Agriculture purpose. Minimum: Rs.0.50 Lacs. Maximum: Rs.5.00 to 50.00 Lacs. 0.50% of the limit sanctioned, subject to a minimum of Rs.100/-.

Minimum: Rs.0.50 Lacs. Maximum: Rs.5.00 to 50.00 Lacs.
The loan amount to be sanctioned on the basis 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.

Interest Rates:
Here the rate of interest is different as a sper the purpose of the loan.
If you are taking loan for agriculture purpose the rate of interest are
Agri. Purpose : Base Rate + 1.00% (PER: 11.70% p.a.)
If you are taking loan for non-agriculture purpose the rate of interest are
Non-Agri. Purpose : Base Rate + 2.25% (PER: 12.95% p.a.)

Note : you need to consult the recent interest rates for nearest bank. The interest rates may subject to change by the Bank.