Lakshmi Vilas Bank Gold Loan

Lakshmi Vilas Bank Gold Loan Key Features

Lakshmi Vilas Bank Gold Loan Amount	Up to Rs. 1 Crore (With Income Proof)
Lakshmi Vilas Bank Gold Loan Interest Rate	7.0% per annum
Lakshmi Vilas Bank Gold Loan Per Gram	Rate Per Gram Today is ₹ 5,268
Lakshmi Vilas Bank Gold Loan Processing Fee	1.50% of the Principal Loan Amount
Lakshmi Vilas Bank Gold Loan Prepayment Charges	2%+GST (Within 3 Months), 0 (After 3 months)
Lakshmi Vilas Bank Gold Loan Repayment Tenure	3 Months to 24 Months
Lakshmi Vilas Bank Gold Loan Repayment Scheme	Bullet Payment Scheme, Overdraft Scheme

Advantages of Lakshmi Vilas Bank Gold Loan:

• Instant Practice: Lakshmi Vilas Bank Gold Loan is approved and disbursed without complicating anything. The loan is accepted in an hour.
• Fewer Documents: Less documentation procedure direct, only needed documents should be available.
• Clear Ideology: Lakshmi Vilas Bank provides complete transparency to the clients. No hidden amount to be given.
• The extent of Loan: Least amount offered by the bank is Rs. 15000. Rural areas have less that is Rs. 10000.
• Safety of Jewellery: One important thing to note is that the bank will hold responsible for any loss in terms of gold ornaments.
• Loan Tenure: The time of the loan can be from 3 months to 2 years. Hence, choose as per your requirements.
• Benefits for Farmers: Lakshmi Vilas Bank provides special deals and profit for farming purposes. That is, the bank minimizes the Gold loan interest rate for a Gold loan for agricultural use.
• No Debt Burden: There comes a situation where an applicant cannot repay the loan amount then the applicant will not be held for debts as the bank will only take the ornaments.
• No Income bounds: There are no conditions applied to the salary or income of the applicant; hence, anyone can avail of a gold loan.

How Much Gold Loan can I Get through Lakshmi Vilas Bank Gold Loan:

Lakshmi Vilas Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate
Gold Weight	Gold Purity	Gold Purity	Gold Purity	Gold Purity
	24 Carat	22 Carat	20 Carat	18 Carat
1 gram	4680	4290	3900	3510
10 gram	46800	42900	39000	35100
20 gram	93600	85800	78000	70200
30 gram	140400	128700	117000	105300
40 gram	187200	171600	156000	140400
50 gram	234000	214500	195000	175500
100 gram	468000	429000	390000	351000
200 gram	936000	858000	780000	702000
300 gram	1404000	1287000	1170000	1053000
400 gram	1872000	1716000	1560000	1404000
500 gram	2340000	2145000	1950000	1755000

 

Lakshmi Vilas Bank Gold Loan Eligibility:

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality	Minimum 18 Carats

 

Lakshmi Vilas Bank Gold Loan Documents Required:

Photographs	2 Passport Size
Identity Proof	Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Residence Proof	Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

Lakshmi Vilas Bank Gold Loan Interest Rate, Fees, and Charges:

Gold Loan Interest Rate	7.00% per annum
Processing Fee	1.50% of the Principal Loan Amount
Prepayment/Foreclosure Charges	2%+GST (Within 3 Months), 0 (After 3 months)
Valuation Fee	Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
Late Repayment Charges	2% p.a. + Applicable rate of interest.
Renewal Processing Fees	Rs 350 + GST

What is Lakshmi Vilas Bank Gold Loan?

Gold Loan gives security against gold by the banks. Lakshmi Vilas Gold Loan avail the best offers on your gold products. In such a short span, you will have the money you need and through this, you can overcome your crisis. Lakshmi Vilas holds a special place as a gold loan provider, as it avails loans at low-interest rates. With excellent facilities, it will solve your problems in a second, so hurry up and grab the opportunity.

• Lakshmi Vilas Bank Gold Loan Interest Rate is 7.0% per annum
• Lakshmi Vilas Bank Gold Loan Per Gram is ₹ 5,268
• Lakshmi Vilas Kotak Mahindra Bank Gold Loan Tenure: Up to 24 months
• Lakshmi Vilas Bank  Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Lakshmi Vilas Bank Gold Loan:–

• Loan Against Gold – Gold Loan gains everyone’s trust. Lakshmi Vilas Bank gives loans to the individuals so that they can relish the current situation by depending on the money the bank will lend. Banks can simply lend the amount because it provides loans at slightly less banking rates.
• Loan Against Gold for Agriculture – Lakshmi Vilas grant special offers to the farmers for their targets to be achieved by performing farming activities. But, the bank offers them a promise to be made with the bank for providing land proofs in which the purpose behind taking a loan is mentioned.

Lakshmi Vilas Bank Gold Loan EMI Calculator:

Rate of Interest	6 months	1 Yr	2 Yrs	3 Yrs
7.00%	17008	8652	4477	3088
8.00%	17058	8699	4523	3134
8.50%	17082	8722	4546	3157
9.00%	17107	8745	4568	3180
9.50%	17131	8678	4591	3203
10.00%	17156	8791	4614	3227
10.50%	17181	8815	4637	3250
11.00%	17205	8838	4661	3274
11.50%	17230	8861	4684	3298
12.00%	17254	8885	4707	3321
12.50%	17279	8908	4731	3345
13.00%	17304	8932	4754	3369
13.50%	17329	8955	4778	3393
14.00%	17354	8979	4801	3418
14.50%	17378	9002	4825	3442
15.00%	17403	9026	4845	3466

 

How to Pay Your Lakshmi Vilas Bank Gold Loan EMI?

• Standing Instruction (SI): Standing Instruction is the perpetual operation of compensation if you are a present account holder of Lakshmi Vilas Bank. Your EMI will earn credit undoubtedly from this account
• Electronic Clearing Service (ECS): This event can be executed assuming that you have a non-Lakshmi Vilas bank record and you are in favor of getting your EMI to be debited  from your current account
• Post-Dated Checks (PDC): Post Dated EMIs should be altered from non-Lakshmi Vilas bank at the Lakshmi Vilas Bank loan center located nearby. Additionally, your current PCDs should be submitted on time.

Lakshmi Vilas Bank Gold Loan Contact Number:

Converse with 9878981144 for the inquisition of Lakshmi Vilas Bank Gold Loan.

Gold Ornaments Accepted by Lakshmi Vilas Bank:

• Gold Jweleries counting Gold neckpiece, Gold anklets, etc are recognized by the bank
• Quality: Pure gold of 18-22 carat is highly acceptable but 24carats should not be agreed

Use of Lakshmi Vilas Gold Loan:

• Keeping in mind of peculiar needs the fund acquired by the bank can be taken into use.
• Marketing requirements are also necessary to be achieved.
• Farmers must get full benefits for upcoming projects.

FAQs About Lakshmi Vilas Bank Gold Loan:

• What is Lakshmi Vilas Gold Loan?

Every individual needs a secured platform to put their treasure in the deal. Thus, Lakshmi Vilas is a trustable platform to avail of loans from. It gives the credit at best interest rates.

• How can I get the Gold Loan from Lakshmi Vilas Bank?

Go through the  BookMyLoans website online once you will get the specific details regarding Lakshmi Vilas Gold Loan.

• What is Gold Loan Interest Rate in Lakshmi Vilas Bank?

The Gold Loan interest rate of Lakshmi Vilas Bank is 7.0%.

• How much Gold Loan can I get per gram in Lakshmi Vilas Bank?

You can get Rs. 5,268 Per Gram in Lakshmi Vilas Bank.

• How to check Gold Loan status in Lakshmi Vilas Bank?

Check trackers webpage of Lakshmi Vilas Bank consistently you will get the status updates.

• How to calculate Gold Loan Interest in Lakshmi Vilas Bank?

EMI Calculator must take in use for calculating the interest on Lakshmi Vilas Gold Loan.

• How to Pay Lakshmi Vilas Bank Bank Gold Loan Interest Online?

It completely depends on you that you are suitable with which payment mode, either Paytm or Net banking.

• What if I can’t pay the interest on Lakshmi Vilas Bank Gold Loan for 3 months?

If a client has not paid the interest then legitimate activities will be performed and all the gold ornaments will be seized by the lending institution.

• How can I apply for EMI Moratorium on Lakshmi Vilas Bank Gold Loan?

EMI Moratorium on Lakshmi Vilas Bank should be applied by asking customer care at loan adviser services or by tapping your feet to the nearest branch.