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Lakshmi Vilas Bank Personal Loan Details

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Lakshmi Vilas Bank personal loan can be availed to meet large obligatory expenses arisen out of everyday life. The bank calls it an ‘easy loan’. Lakshmi Vilas Bank personal loan features low interest rates, variety of repayment options and flexible payment tenures. The repayment options also include surrender of KVPs (Kisan Vikas Patras), Life Insurance Policies, NSCs (National Saving Certificates) which are pledged with the bank. The processing of the loan is very fast and you can get it credited to your account very quickly in order to further utilize the same in the intended destination. At, you will find all details about personal loan Lakshmi Vilas Bank.

Lakshmi Vilas Bank Personal Loan Details Updated on
Loan Amount Rs.10,000 to maximum no cap
Loan Tenure 5 Years
Interest Rate 10.75%

Why Choose Lakshmi Vilas Bank Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in Lakshmi Vilas Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out Lakshmi Vilas Bank personal loan eligibility and Lakshmi Vilas Bank Personal Loan EMI calculator at

Features of Personal Loans at Lakshmi Vilas Bank

The following key points will help you understand the features and benefits of the personal loans:

  1. Choice of opting for loan tenure
  2. An applicant can take a loan from Lakshmi Vilas Bank starting from Rs.10, 000 and there is maximum no cap. The same can be repaid within tenure of 1 year to 5 years. The bank offers you the flexibility to choose your tenure.

  3. Quick documentation process
  4. The bank has a straightforward documentation procedure since they go about it with internationally tested methods. All you need is a photo ID, verified signature, address proof and a document that declares your age. The same is submitted with the application, and you are ready to get the loans from the best banks in the world.

  5. Factors that affect Lakshmi Vilas Bank personal loans
  • Income: Monthly income of the applicant has the utmost importance. One can avail the loan to a certain extant only, like, EMI of the applicant is only permitted up to 50% of his/ her per month take home salary.
  • City of residence: As far as the lender’s view is concerned, personal loans can easily be granted in major cities like Delhi, Mumbai, Kolkata, Bangalore, Chennai, etc.
  • Duration of stay in current location: It is easier to get loan at a location where one is staying for as long as a year at least. Bank hesitates to grant loan to people who are new to town/city.
  • Age: Granting loan to younger people is a little risky as in early ages they tend to switch jobs and hence have lesser job stability. Bank has more faith on applicants of at least 26 years of age. They can trust too old people too. Applicants of ages 26 to 45 are considered to be more suitable for granting personal loans.
  • Employment status: A work experience of at least a couple of years in the same organization adds to your eligibility as it shows the reliability and stability of your job.

All these factors are considered to affect your loan eligibility only in the case you do not give any collateral security. If you get LICs, KVPs or NSCs pledged to 100% then your loan is less likely to be rejected.

Why Apply for Lakshmi Vilas Bank Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Lakshmi Vilas Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Lakshmi Vilas Bank Personal Loan Interest Rates

Personal Loan Lakshmi Vilas Bank interest rate starts from 10.95% onwards, but varies as per individual profile. Keep a check on this page to note the updated Lakshmi Vilas Bank personal loan interest rate for the current year.

Lakshmi Vilas Bank Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Lakshmi Vilas Bank personal loan eligibility calculator at The eligibility criteria for Lakshmi Vilas Bank’s personal loan are discussed below:

  • The applicant for personal loan Lakshmi Vilas needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
  • He/she meet the requirement for credit score and should not be under too many debts.

Types of Lakshmi Vilas Bank Personal Loans

Lakshmi Vilas Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Lakshmi Vilas Bank Personal Loan FAQs

Below provided are important questions about personal loan Lakshmi Vilas Bank.

Applicant needs to be between 21 and 58 years of age.

Yes, in the form of KVPs, NSCs and LIC policies.

Loans can be sanctioned from a minimum of Rs. 10,000 to any value.

Loans need to be repaid in 5 years at most, or up till 2 months before the maturity of the NSCs, KVPs or LIC policies pledged with the bank.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Lakshmi Vilas Bank.

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