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

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.

 

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