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  #2  
3rd December 2015, 07:56 AM
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Re: Lakshmi Vilas Bank Jewel Loan Interest Rate

Hello, I want to apply for the Lakshmi Vilas Bank Jewel Loan and I want to know the Interest Rate of the loan.
  #3  
3rd December 2015, 07:57 AM
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Join Date: Aug 2012
Re: Lakshmi Vilas Bank Jewel Loan Interest Rate

Hello, here I am providing you the details of the Lakshmi Vilas Bank Jewel Loan Interest Rate as under:

Interest Rates

Agri. Purpose: Base Rate + 1.00% (PER: 11.70% p.a.)
Non-Agri. Purpose: Base Rate + 2.25% (PER: 12.95% p.a.)

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.

Purpose

To meet the personal/agricultural/business requirements of Individuals, Business entities, etc.

Security

Pledge of gold ornaments

Repayment Period

Continuation of facility based on annual review

Loan processing fee

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


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