Lakshmi Vilas Bank Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

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

What is Lakshmi Vilas Gold Loan?

Overcome your crises with the best possible option; Gold Loan. No need to wait so long or stand in a queue for the approval of your loan. Get instant approval and hassle free process. Available on simple documentation. So apply for Lakshmi Vilas Bank Gold Loan and avail the best offers on your product.

Gold loan is a secured loan, as the loan is given by the banks against gold security. The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments. Many go for the fulfillment of their short term goal through gold loans, such as their child’s education, marriage or other family problems. Step ahead to BookMyLoans to grab the best offer on Lakshmi Vilas Bank Gold Loan

Advantages of Lakshmi Vilas Gold Loan 

  • Easy and Hassle-free Process
  • Approval in 30 minutes
  • Simple Documentation
  • Dedicated Assistance
  • No salary certificate or credit card history is required
  • Lowest Interest Rate

Lakshmi Vilas Gold Loan Interest Rates

  • Generally gold loan is available at the interest rate of 7% to 14.5%
  • Rate of Interest for tenure less than 1 year is also available at 1%
  • Processing fees equals to 2000
  • Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single shot

Eligibility Criteria for Lakshmi Vilas Bank Gold Loan

To apply Gold Loan, you must be:

      1. Firstly, A permanent resident of India.
      2. Secondly, Gold should be of more than 10 grams.
      3. Moreover, A farmer, trader, salaried or self-employed professional, or businessman can apply for gold loan.
      4. After that, The applicant must be between 18 to 65 years.
      5. Gold should be a minimum of 18 to 22 carrots.
      6. Also, The minimum loan amount is Rs.18000.

Documentation for Lakshmi Vilas Bank Gold loan

      • Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
      • Address Proof (Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
      • Signature Proof ( Passport/ PAN Card/Banker’s verification/ cheque).
      • 2 passport size photographs

Terms and conditions:

      • Foreclosure Charges- Charges that are to be paid when the loan is closed before the tenure is completed.
      • foreclosure charges can be up to 1%.The minimum loan tenure is 6 Months.
      • So foreclosure charges after 6 months are 0.
      • Charges for late payment of loan Amount
      • 2% p.a. as penal interest over and above the applicable rate of interest.

How to apply for the Gold Loan via bookmyloans

It is very easy to apply for the Gold loan. There are basically two methods through which you can apply one is online and another is offline. In the offline process, you need to visit the branch of the bank and have to provide the correct information in the application form. Until the sanctioning of the Gold Loan, you have to visit the bank.

In the online process, you need to visit the site of bookmyloans.in and have to provide information in the application form. Immediately you will get a call from the customer representative of the Bank and they will confirm some of the details from you and let you know the eligibility. Then they will fix your appointment with the banker. Banker collects the required documents. You need to visit the bank once at the time of gold deposition. If you face any problem you can contact customer representative of the bank anytime otherwise you can go through bookmyloans.in. So apply now and get instant cash back.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%