The Lakshmi Vilas Bank Ltd Loans

The Lakshmi Vilas Bank Ltd is a prime Indian commercial bank. Lakshmi Vilas Bank Ltd Loans comprise a wide variety. Starting from home loans, educational loans to car loans are all available here under one roof.

Lakshmi Vilas Bank Ltd Loans include the following products:

• Lakshmi Business Credit
• Vidhya Lakshmi Loan
• Lakshmi Home Loan
• Lakshmi Composite Business Credit
• Lakshmi Rental Loan
• Lakshmi Gold Power
• Lakshmi Personal vehicle Loan
• Lakshmi Property Power Loan
• Lakshmi Easy Loan

Lakshmi Vilas Bank Ltd Education Loans

The loan product from LVB is known as Vidhya Lakshmi Loan. It is a type of Term Loan. This loan is extended for financing the higher education needs of applicants. Starting from higher secondary education, the bank extends educational loans for specific professional or job-oriented courses at certified institutes. Those courses on completion need to possess gainful loan repayment capacity.

The upper ceiling on Lakshmi Vilas Bank Ltd education Loans are ` 25000/- for pursuing Higher Secondary Education, ` 15.00 lacs for pursuing studies abroad and ` 7.50 Lacs for pursuing studies in India respectively. For educational loans less than or equal to ` 4.00 lacs securities are not required. Above this ceiling the bank demands Collateral.

Lakshmi Vilas Bank Ltd Home Loans

Lakshmi Vilas Bank Ltd Home Loan comes under the brand name of Lakshmi Home Loan. Individuals as well as HUFs are eligible for this home loan scheme, provided they meet the stated income criterion laid down by the bank.

Lakshmi Home Loan is available for construction of new flats or houses. Customers can also use this financing scheme for purchasing approved plots, old houses and also for repair, renovation or extension activity involving existent ownership properties. Loans are also available for purchase of new flats or houses that are built by certified contractors or promoters.

Lakshmi Vilas Bank Ltd Car Loans

Under Lakshmi Personal Vehicle Loan scheme financing is provided for purchasing new as well as used cars. Loans are also available under this scheme for buying new two-wheelers and new as well as old vans and jeeps. The security demanded is the hypothecation of the purchased vehicles.

Salaried, permanent employees of Central or State Governments, Reputed Establishments, PSUs or Corporations and reputed Private Sector Companies are eligible for the loan. So are certain agriculturists, self-employed persons, businessmen and professionals. The different types of loans available under this scheme attract different sets of terms and conditions.

It may also be noted that, Lakshmi Composite Business Credit is a type of Lakshmi Vilas Bank Ltd Corporate Loan, just as Lakshmi Easy Loan is a kind of Lakshmi Vilas Bank Ltd personal loan. The bank also offers a mortgage loan by the name of Lakshmi Property Power Loan.

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