Features of Lakshmi Vilas Bank Gold Loan

The Easy Gold Loan from Lakshmi Vilas Bank is a loan secured by gold jewellery that can assist you to meet your financial responsibilities. If you need money for a number of reasons, such as your kid’s education, business expansion, down payment on a home or automobile, medical emergencies, agricultural needs, and so on, you can acquire a Lakshmi Vilas Bank Easy Gold loan.

• Loan Amount – Up to Rs. 1 Crore (With Income Proof)
• Lakshmi Vilas Bank Gold Loan Interest Rate – 7% per annum
• Lakshmi Vilas Bank Gold Loan Rate Per Gram – Rate Per Gram is ₹ 3,506 to ₹ 4,621
• Processing Fee – 0.85% of the Principal Loan Amount
• Prepayment Charges – 2%+GST (Within 3 Months), 0 (After 3 months)
• Repayment Tenure – Up to 36 Months
• Repayment Scheme – Bullet Payment Scheme, Overdraft Scheme

Lakshmi Vilas Bank Gold Loan Comparision with Banks

Lakshmi Vilas Bank Gold Loan EMI Calculator

You’ll need the following information to use Dialabank’s Gold Loan EMI Calculator:

• The interest rate at which the lender is prepared to lend.
• You agree on a loan amount for a gold loan’s principal.
• The payback period is convenient.

Following the submission of these facts, the EMI calculator will deliver quick results by calculating the borrower’s monthly instalments (based on current gold prices). Similar data can be used by other EMI calculators, such as Personal loan EMI calculator, EMI calculator, Car loan, Home loan calculator, and so on.

Lakshmi Vilas Bank Gold Loan Documents Required

At the time of application the following documents are required:

• Proof of the citizenship of India
• Duly filled application form
• 2 passport-sized photographs
• Applicant’s KYC documents to establish Identity and Address
• Salary/ Income Proof
• Witness Letter in case of illiterate borrowers
• In the case of Agriculture Loan of more than Rs. 1 lac, land proof
• Certificate by the Jewel Appraiser (Bank will arrange)

At the time of disbursement the following documents are required:

• Demand Promissory Note & Demand Promissory Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

Lakshmi Vilas Bank Gold Loan Documents Required – FAQs

✅ How to calculated gold loan interest rates?

Simply use our Gold loan calculator to figure out how much you’ll have to pay back at the end of the loan term. Then, to calculate your gold loan interest rate, remove the entire amount payable from the principal amount.

✅ How to calculate gold loan EMI amount?

You can quickly determine the gold loan EMI amount with a gold loan calculator.

✅ What payment options are available to repay a gold loan?

You have two options for repaying your gold loan: an EMI option, in which the principal amount and interest rates are paid every month for a specified term, or a Bullet Repayment Scheme, in which the interest rates are paid every month but the principal amount is paid at the end of the loan term.