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Old 2nd November 2015, 05:08 PM
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Join Date: Apr 2013
Default Re: LVB Bank Personal Loan

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

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.)
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