Lakshmi Vilas Bank BPLR

I want to take loan form LVL (Lakshmi Vilas Bank) Limited and want to know about Bank's Benchmark Prime Lending Rate (BPLR) so please provide me the same? Also tell me about Current Home Loan Interest Rates of Lakshmi Vilas Bank?

Hello sir I want to know what is the interest rate at BPLR of Lakshmi Vilas Bank while taking education loan so here can you please tell me its details ?

[Kiran Chandar]

Hey as per my idea BPLR is Benchmark Prime Lending Rate and here I am giving you details of BPLR of Lakshmi Vilas Bank while taking education loan

Eligibility:

For taking education loan student have to meet the expenses connected with the pursuit of higher secondary education, specific courses of study at recognized institutions, including professional/job-oriented courses, which offer reasonable opportunity for employment & loan repayment capacity on successful completion.

Loan Details

Quantum

For Studies in India : Maximum of Rs .10.00 Lacs

For Studies Abroad: Maximum of Rs.20.00 Lacs.

Margin

For loans up to Rs.4.0 lacs - No minimum stipulated

For loans above Rs. 4 lacs

Studies in India : Minimum -5%

Studies abroad : Minimum -15%

Security

For loans up to Rs.4.00 lacs :

No security.

For loans above Rs.4.00 lacs :

Collateral security of value equal to 100% of the loan amount or personal guarantee of third person known to the Bank whose net worth is at least equal to 200% of the loan amount or a combination of both

Rate of Interest

For loans up to Rs.4.00 lacs: At BPLR (PER: 14.75% p.a.)

For loans above Rs.4.00 lacs: BPLR+1.00% (PER: 15.75% p.a.)

Repayment

To be repaid within a maximum period of 84 months, with a holiday period of course period + 1 year or 6 months after employment whichever is earlier.


Address

Administrative Office
Lakshmi Vilas Bank,
Salem Road, Karur - 639006 Tamil Nadu
Phone : (04324) 220051, 220052, 220053,

Hii Friend , I want to Interest Rate of BPLR Loan of Lakshmi Vilas Bank , Can you please give me Details about Same ?

[Kiran Chandar]

BPLR is Benchmark Prime Lending Rate and Here I am Giving you Details of BPLR of Lakshmi Vilas Bank while taking Education Loan


Loans Interest Rate Applicable

Housing Loan (Lakshmi Home loan) Upto Rs. 30 lakhs Over Rs.30 lakhs
Fixed Category
Upto 5 years 11% per annum 11.25% per annum
Over 5 Years and upto 15 Years 11.25% per annum 11.50% per annum
Floating Category
Upto 5 years BPLR - 4.75% BPLR - 4.50%
Over 5 years and upto 15 years BPLR - 4.50% BPLR - 4.25%

Processing Fees :

0.50% of the loan amount, subject to a
minimum amount of Rs.500/-