LVB Bank Personal Loan

My father wants to apply for Personal Vehicle Loan at Lakshmi Vilas Bank Ltd. So can any one provide information about interest rate for Personal Vehicle Loan?

[Kiran Chandar]

Here I am providing interest rates of Personal Vehicle Loan of Lakshmi Vilas Bank Ltd. For your reference:

Base Rate of Bank is 10.95 % p.a with effect from 01.07.2015

Eligibility Criteria
Salaried persons who are permanent employees of State / Central Government, Public Sector Undertakings / Corporations, Private Sector Companies of repute, Reputed Establishments or Professionals & Self-employed persons, Businessmen & Agriculturists
For Salaried persons annual income (by way of salary & other income) should be at least Rs.1,20,000/- and net monthly income should be at least twice the monthly installments fixed for the loan (i.e. EMI) – For four wheelers

For others annual income of at least Rs.1,20,000/- - For four wheelers

Minimum net monthly income of Rs.5,000/- for all types of borrowers with necessary proof – For two wheelers

Maximum age of the borrower under all category should not exceed 65 years as on the date of maturity of loan

PERIOD OF REPAYMENT
72 months for New Car / Van / Jeep
60 months for New Two Wheeler
36 months for used four wheeler

Interest Rate for Lakshmi Personal Vehicle Loans
Loans for purchase of New Cars / Vans & Jeeps:
BR+0.50% (PER: 11.45 % p.a.)

Loans for purchase of new Two-wheelers:
BR+3.00% (PER : 13.95 % p.a.)

Loans for purchase of used Cars / Vans / Jeeps:
BR+3.00% (PER: 13.95 % p.a.)