Lakshmi Vilas Bank Personal Loan

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Why us?

Rates as low as 10.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Lakshmi Vilas Bank Personal LoanLakshmi Vilas Bank Personal Loan

Lakshmi Vilas Bank was founded in 1926 by a group of seven businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar. Their objective was to cater to the financial needs of people in and around Karur who were occupied in trading businesses, industry and agriculture.

Personal Loan is a fixed sum obtained at a fixed interest rate from a budgetary foundation or an online moneylender and reimbursed over a fixed tenure which is pre-chosen. It is a kind of unbound loan in which you generally don’t need any security or a guarantee at the time of availing it. Additionally, you have the flexibility to utilize the sum according to your needs.

The Personal Loan definition is clear that – personal loan assets can be used for any financial need of a person

Lakshmi Vilas Bank Personal Loan Eligibility

Eligibility for Salaried

  1. The age of the applicant should not exceed more than 21 years
  2. After that, minimum earning of the applicant should be 18000 k or onwards.
  3. At least the applicant should have 3 years of work experience
  4. After that he/she must get the salary in his/her bank account.
  5. Applicant should have an excellent credit score.

Eligibility for self-employed

  1. Age of the self-employed applicant should not lower than 25 years.
  2. Latest three years ITR
  3. CIBIL score of the applicant has to be good
  4. The ITR should be of Rs. 2.5 Lakhs per annum at least.

Lakshmi Vilas Bank Personal Loan Rate of Interest

Lakshmi VILAS bank offers the lowest personal loan interest rates starting at 10.95%.

Documentation for Lakshmi Vilas Bank Personal Loan

  1. One Identity proof is required. (Passport/Id card/voter card/driving license) It can be any one of them. Everyone has these documents, so there is no problem with the submission.
  2. 2 passport size colored photos. (Applicant should not be wearing glasses)
  3. A passport can also be considered as your identity proof because a passport has a name, age, address and image of the applicant. Separately you need not to bring address proff if you have passport. But the passport should not be expired.
  4. Bank statement of last 6 months and salary slip of last three months needed.
  5. Address proof can be the Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and Water bill for the last Three months because these are the proofs that you are living in that particular place.
  6. Driving license can also be used as a proof of identity and residence proof because the name, date of birth and a photograph of the customer is mentioned on it. But the condition is that it should not be expired.
  7. Aadhar card provided by UIDAI that contains biometric details of the applicant like age, DOB and photograph of the individual. It can be considered as proof of your date of birth.
  8. PAN card is provided to the applicant, and it avoids the financial frauds. So it is also considered as an identity/address proof. Pan card is essential for document under KYC (Know Your Customer) formality.
  9. Ration card is also considered as address proof because it provides enough information about the applicant.

Why should you apply for Lakshmi Vilas Bank Personal Loan through Dialabank?

You can apply for Lakshmi Vilas Bank Personal Loan on the website of

We at Dialabank help the customer to get a loan and deliver it in time. We are India’s first financial helpline company that provides loan for its customers.

Fill the application form with the basic information and click on the apply button. We will call you back from our side within 5 minutes.

Benefits of Lakshmi Vilas Bank Personal Loan through Dialabank

  1. Eligibility Checker: We have a calculator so that it will be helpful for the customer to know their EMI.
  2. Instant loan Approval: After submitting all the documents for the personal loan, then the customer will get the instant approval.
  3. Doorstep Facility: You will get a document pickup facility from your doorstep.
  4. Responsive: The customer query response is very quick.
  5. No other charges: There are no additional charges for the guidance of the customer’s queries.

FAQs About Lakshmi Vilas Bank Personal Loan

Q. What is Lakshmi Vilas Bank Personal Loan?

Lakshmi Vilas Bank Personal Loan is a credit scheme that you can avail to meet your personal expenses. Your eligibility depends on your monthly income and CIBIL score and you are not required to submit any security in exchange for a loan.

Q. How does Lakshmi Vilas Bank Personal Loan work?

Personal Loans are unsecured and work like any other loan product. You will need to submit your documents along with an application form to the bank and once they verify your details and approve your loan you get the amount in your bank account.

Q. What is Personal Loan rate of interest in Lakshmi Vilas Bank?

Personal Loan rate of interest in Lakshmi Vilas Bank starts at 11.40% per annum. Your personal loan rate of interest is influenced by your credit score.

Q. How can I get Lakshmi Vilas Bank Personal Loan?

Visit the nearest branch of Lakshmi Vilas Bank and apply for a Personal Loan by submitting the application form along with your documents. You may also apply on Dialabank to compare offers from different banks.

Q. How to apply for Personal Loan in Lakshmi Vilas Bank?

You can apply for Personal Loan by visiting the nearest Lakshmi Vilas Bank branch with all the requisite documents. After verification and approval of your application, the amount will be transferred to your bank account.

Q. Why apply for Lakshmi Vilas Bank Personal Loan?

You can use your Lakshmi Vilas Bank Personal Loan to fulfil any personal financial need. The rates of interest offered are also competitive and come with easy repayment through EMIs. You can easily get a Personal Loan with minimal document requirement and no collateral security.

Q. How much EMI on Lakshmi Vilas Bank Personal Loan?

Your Lakshmi Vilas Bank’s Personal Loan EMI can be calculated using your loan tenure, loan amount, and rate of interest. Just visit the online portal of Dialabank and use the EMI calculator under ‘Tool & Calculator’ section.

Q. How much CIBIL score required for Lakshmi Vilas Bank Personal Loan?

If you have a CIBIL score above 700 you can easily get Personal Loan from Lakshmi Vilas Bank. Your CIBIL score plays a big role in determining your Personal Loan eligibility and therefore you shall make sure to check it regularly.

Q. Minimum credit score needed for Lakshmi Vilas Bank Personal Loan?

Your credit score is the measurement of your creditworthiness. Lakshmi Vilas Bank requires you to have a credit score of at least 700 for their Personal Loan products.

Q. How to calculate Lakshmi Vilas Bank Personal Loan EMI?

You can use the Dialabank’s EMI calculator using just your loan tenure, loan amount, and rate of interest to calculate your Personal Loan EMIs.

Q. What can I use Lakshmi Vilas Bank Personal Loan for?

You can use your Lakshmi Vilas Bank Personal Loan for a number of financial needs such as funding your marriage or that of a relative, pay all your big and small bills, renovate or repair your home, and etc.

Q. Can I prepay Lakshmi Vilas Bank Personal Loan?

Yes, you can prepay your Personal Loan when you have the required fund. You only need to visit your loan branch and ask your banker for prepayment procedure.

Q. How to prepay Lakshmi Vilas Bank Personal Loan?

Visit your loan branch and ask your loan officer for a pre-closure on your Personal Loan. You may be required to pay a foreclosure fee in addition to your outstanding loan amount and your loan will be closed.

Q. How to repay Lakshmi Vilas Bank Personal Loan?

Repay your Personal Loan in easy burden-free EMIs that are automatically deducted from your bank account each month. Lakshmi Vilas Bank provides easy repayment options for your Personal Loans.

Q. What documents are needed for Lakshmi Vilas Bank Personal Loan?

Aadhar Card, Voter ID, PAN Card along with Salary Slips, Bank Statement, and ITR File as Income proof are the documents that you will need for a Personal Loan form Lakshmi Vilas Bank.

Q. How to check Lakshmi Vilas Bank Personal Loan status?

Visit your loan branch or contact the customer care number of Lakshmi Vilas Bank to know the status of your loan application and stay updated.

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