Lakshmi Vilas Bank Loan Interest Rates

I want to take loan from Lakshmi Vilas bank so tell me the Interest rates on loans in this bank? Tell me the eligibility and the documents required to apply for the loan? Also provide me the Interest Chart of the Lakshmi Vilas bank?

I want to get information about the Lakshmi Vilas Bank Personal Loan Interest Rates as well as require documents. So here can you provide me information about it?

[Raman Vij]

As per your request here I am providing you information about the Lakshmi Vilas Bank Personal Loan Interest Rates as well as require documents.

Lakshmi Vilas Bank Personal Loan Interest Rates
Interest Rate (Floating) Base Rate + 3.75% ie., 14.70%

Processing Fees 0.25% of loan amount

Loan Tenure 60 months


Loan amount you can take from Lakshmi Vilas Bank:
Minimum Rs 10,000/-
Maximum No Cap

Margin
For both Demand Loans & Secured Overdraft (SOD): 10% of the accrued values of the NSCs, KVPs pledged or surrender values of the LIC policy.


Rate of Interest (OD/DL against govt. securities) – 15.00% p.a.
Processing Charges
0.25% of the loan amount with a minimum of Rs 100/- for SODs & Rs 50 /- for demand loans

Repayment
Maximum period : 60 months (or) 2 months before the date of maturity of the NSCs/KVPs/LLPs pledged whichever is early.


Base Rate Date
10.70% 03rd Nov 15
10.95% 01st Jul 15
11.10% 16th Apr 15
11.25% 23rd Aug 13
11.00% 29th Nov 11
10.75% 08th Aug 11
10.90% 01st Aug 11
10.50% 03rd Jun 11
10.00% 09th May 11
9.50% 05th Feb 11
9.25% 01st Jan 11
8.75% 01st Jul 10


You will also require the following set of documents:

Proof of Signature: Like a valid
Passport,
Banker’s Certificate,
Driver’s License,
PAN Card, etc.

Proof of Age: Like a valid
Passport, Banker’s Certificate,
Driver’s License,
Birth Certificate, etc.

Photo ID proof: Like a valid
Passport,
PAN Card,
Driver’s License,
Voter’s ID, etc.

Proof of Address: Like a valid
Passport,
Driver’s License,
Voter’s ID, etc.