Lakshmi Vilas Bank Gold Loan

Gold Loan at 7.25% p.a

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 7.25% per annum
Lakshmi Vilas Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,291
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:

  • Fast processing: The approval and disbursement process is simple and clear for Lakshmi Vilas Bank’s Gold loan. The loan is generally delivered within an hour.
  • Low-interest rate: The interest rate on gold loans is much lower compared to other loans because it is a secured loan.
  • Minimal Documentation: The documentation process is clear and simple. The lowest amount of documents is needed for Lakshmi Vilas Bank gold loan approval.
  • Transparent System: We do not charge any secret rental fees. The bank is focused on making you fully transparent.
  • Loan amount: The minimum loan amount available to clients is 15,000 rupees, but it can often be less than 10,000 rupees in remote areas.
  • Jewellery Security: Our duty is the security of your gold. The gold is then placed in fireproof vaults.
  • Loan tenure: The length of the gold loan can be anywhere from 3 months to two years. You should make a decision about tenure at your convenience.
  • Advantages for farmers: Lakshmi Vilas Bank has many exclusive offers for agricultural reasons. This means that the bank provides farmers with a marginally lower rate of interest on gold loans for agricultural use.
  • No Burden of Debt: We recognise that there may be conditions where a borrower may not be able to repay the loan amount. In such a scenario, the lender is not in debt, since the bank would take only the ornaments you have.
  • No income limit: There are no such restrictions on the wage or wages of the lender. Someone with any revenue spectrum can then take advantage of it.

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:

HDFC 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

About Lakshmi Vilas Bank Gold Loan:

If you face financial problems, route your emergencies with the most reasonable option, the Gold Loan. The credit given for gold is referred to as a gold loan. The borrower retains his gold adornments with the moneylender as a promise and takes the cash. Get prompt endorsement and a freecycle of issues. Available via easy documentation. A gold loan is a guaranteed loan. Consequently, the person who has a low CIBIL rating can also do without any of this administration’s stretch benefit.

Given the fact that there is a number of financial banking and non-banking companies that provide you with gold advance assistance, Lakshmi Vilas Bank Gold Loan is, in any case, the most thoughtful. It is one of the few most reputed and reliable banks in India. In addition, it is renowned for its extremely large economic administrations. Therefore, apply for the Lakshmi Vilas Bank Gold Loan and take advantage of the best proposals for your piece.

  • Lakshmi Vilas Bank Gold Loan Interest Rate is 7.25% per annum
  • Lakshmi Vilas Bank Gold Loan Per Gram is ₹ 5,291
  • Lakshmi Vilas 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:

Unique schemes linked to gold loan products are given by Lakshmi Vilas Bank and are listed below:

  • Loan against Gold – For any cause, whether personal or technical, Lakshmi Vilas Bank provides an attractive interest rate gold loan to fulfil the immediate requirement of one’s funds. In fact, a gold loan is a guaranteed loan; the bank has no risk of lending individual money, so it is issued at a lower interest rate than different types of loan items.
  • Agriculture Gold Loans – Lakshmi Vilas Bank provides farmers with gold secured loans at special interest rates, particularly for agricultural needs, compared to gold secured loans provided for different needs. Special offers are offered and evidence of the bank’s land for which it takes loans should be provided.

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?

Your Lakshmi Vilas Bank gold loans are generally repaid inside the following three alternative approaches:

  • Standing Instruction (SI): Standing Instruction, if you are currently an account holder with Lakshmi Vilas Bank, is the safest and most reliable payment method. Your EMI amount is automatically credited from the Lakshmi Vilas Bank bank account you view at the end of the month to month amount.
  • Electronic Clearing Service (ECS): Ordinarily, this payment method is used if you have a non-Lakshmi Vilas Bank record and may want your EMIs to be debited from the account you mention to us near the decline of the month-to-month method.
  • Post-Dated Checks (PDC): At your nearest Lakshmi Vilas Bank Loan Center, you may present your post-dated EMI reports from a non-Lakshmi Vilas Bank financial statement. There was a need to quickly grant a different version of PDCs. If you remember that Post Dated Checks are advancing to collect non-ECS states because it was, it will be perfect.

Lakshmi Vilas Bank Gold Loan Contact Number:

Call 9878981144 for your Lakshmi Vilas Bank Gold Loan and gain prompt assistance and support. You will absolutely get acquainted with the best Gold Loan proposals out there from all the branches of the Lakshmi Vilas Bank in the nation to benefit from the most productive arrangement appropriate to your desires.

Gold Ornaments Accepted by Lakshmi Vilas Bank :

  • Gold jewels, such as Gold Bangles, Gold groups, Gold anklets, Gold accessories, and so on, are purchased for the value of a Gold Loan by Lakshmi Vilas Bank.
  • Quality: The gold must be in the range of 18 to 22 carats. When applying for a gold advance, any gold decoration that is 24 carats will not be included.

Use of Lakshmi Vilas Bank Gold Loan:

For instance, the finances obtained by the Lakshmi Vilas Bank Gold Loan administration could be used for a few capacities,

  • To support specific projects such as wedding ceremonies, climbing, a portion of cost instalments for higher education, and so on.
  • Credit administration is continuously accessible for the whole of your marketing prerequisites, such as receiving materials, producing, progressing, and so on.
  • In addition to benefiting from a Gold Loan for farming ideas, you can also. The bank presents lower excitement costs for Gold Loans used for cultivation or related projects.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%

 

FAQs About Lakshmi Vilas Bank Gold Loan:

  • What is Lakshmi Vilas Bank Gold Loan?

Lakshmi Vilas Bank Gold Loan is a credit form that by holding your gold as security with the bank, you can literally benefit from dire budgetary help. In addition, it connects the borrowing-dependent funding costs of Term Loan, Overdraft, and EMI. In India, the regular Gold Loan disbursement time is only 45 minutes.

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

By visiting any of the gold loans giving branches that favour loan in India, you can get a Lakshmi Vilas Bank Gold Loan; otherwise, from the convenience of your house, you can apply online with LoanNow and make the best arrangements and offers.

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

India’s gold loan rate is 7.25 per cent per annum. The value of funding depends on a number of portions, specifically: advance sum, advance citizenship, gold virtue, and your terms with the bank itself.

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

At Lakshmi Vilas Bank, the per gramme Gold Loan that you will actually get depends on the purity of your gold. To convey a Gold Loan, Lakshmi Vilas Bank admits gold of virtue between 18 carats to 22 carats. Up to 5,291 per gramme in Lakshmi Vilas Bank Gold Loan, you will have the option to benefit.

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

To evaluate your Lakshmi Vilas Bank Gold Loan status, you should simply visit the website of the Lakshmi Vilas Bank Advance Status Tracker and fill in the subtleties within the given application. You’ll have the opportunity to legitimately follow your loan status from anywhere and stay refreshed.

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

Through LoanNow’s EMI Calculator, you can easily determine the interest on your Lakshmi Vilas Bank Gold Loan interest, which gives you exact amounts based on the information you enter into the calculator.

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

By internet banking on the official Lakshmi Vilas Bank loan repayment website or else, you can conveniently pay Lakshmi Vilas Bank Gold Loan interest online; you can also repay your Lakshmi Vilas Bank Gold Loan on Paytm using your preferred payment form.

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

The bank will first remind you of your incomplete dues if you do not pay your Lakshmi Vilas Bank Gold Loan within three months. A formal legal notice about the repayment and termination of the loan is issued if the payment demands go unheard. Defaulting on your gold loan leads to a drop in your credit score and jointly causes you, along with the confiscation and auction of your gold, to face legal action by the bank.

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

Presently, between 1 March and 31 August 2020, you can apply for EMI Moratorium on Lakshmi Vilas Bank Gold Loan and have to do so by contacting Bank Customer Service or visiting the nearest branch of Lakshmi Vilas Bank.