{"id":9854,"date":"2024-02-29T10:12:16","date_gmt":"2024-02-29T04:42:16","guid":{"rendered":"https:\/\/gstguntur.com\/?p=9854"},"modified":"2024-03-05T14:28:34","modified_gmt":"2024-03-05T08:58:34","slug":"laxmi-vilas-bank-personal-loan","status":"publish","type":"post","link":"https:\/\/gstguntur.com\/laxmi-vilas-bank-personal-loan\/","title":{"rendered":"Laxmi Vilas Bank Personal Loan @ 11.50% | Features, Benefits, Factors, Eligibility Criteria and Services"},"content":{"rendered":"<p><strong>Laxmi Vilas Bank Personal Loan<\/strong>: You must be looking for a personal loan, right! and that&#8217;s why you are here. Stop searching and exploring now because you will know everything about Laxmi Vilas Bank&#8217;s loan. Laxmi Vilas Bank offers a personal loan at the minimum interest rate. This bank does not let you wander here and there but provides you with all the facilities in one place. This is considered one of the best banks for a personal loan due to its facilities, such as easy documentation process, low charges, and malleable tenures. For the borrowers, Lakshmi Vilas Bank is the best and safe.<\/p>\n<p>There are so many features and benefits of this bank that you will feel that this bank is the best for your loan. So whenever you need a personal loan, then definitely contact this bank because you will get full facilities there to serve your all desires.<\/p>\n<p>Want to compare Laxmi Vilas Bank Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on <a href=\"https:\/\/gstguntur.com\/personal-loan\/\" target=\"_blank\" rel=\"noopener\"><strong>Personal Loan<\/strong><\/a> &amp; choose the suitable bank to apply for the loan.<\/p>\n<h2>Laxmi Vilas Bank<\/h2>\n<ul>\n<li><a href=\"#What_is_a_Laxmi_Vilas_Bank_Personal_Loan?\">What is a Laxmi Vilas Bank Personal Loan?<\/a><\/li>\n<li><a href=\"#Laxmi_Vilas_Bank_Personal_Loan_Features_and_Benefits\">Laxmi Vilas Bank Personal Loan Features and Benefits<\/a><\/li>\n<li><a href=\"#Best_Financial_Services_of_Lakshmi_Vilas_Bank\">Best Financial Services of Lakshmi Vilas Bank<\/a><\/li>\n<li><a href=\"#Eligibility_Criteria_to_Apply_for_a_Personal_Loan\">Eligibility Criteria to Apply for a Personal Loan<\/a><\/li>\n<li><a href=\"#Lakshmi_Vilas_Bank_Personal_Loan_Factors\">Lakshmi Vilas Bank Personal Loan Factors<\/a><\/li>\n<li><a href=\"#Laxmi_Vilas_Bank_Personal_Loan_Eligibility\">Laxmi Vilas Bank Personal Loan Eligibility<\/a><\/li>\n<li><a href=\"#Laxmi_Vilas_Bank_Personal_Loan_Methods\">Laxmi Vilas Bank Personal Loan Methods<\/a><\/li>\n<li><a href=\"#Laxmi_Vilas_Bank_Personal_Loan_Required_Documents\">Laxmi Vilas Bank Personal Loan Required Documents<\/a><\/li>\n<li><a href=\"#FAQ's_on_Laxmi_Vilas_Bank_Personal_Loan\">FAQ&#8217;s on Laxmi Vilas Bank Personal Loan<\/a><\/li>\n<li><a href=\"#Conclusion_on_Laxmi_Vilas_Bank_Personal_Loan\">Conclusion on Laxmi Vilas Bank Personal Loan<\/a><\/li>\n<\/ul>\n<h3><a id=\"What_is_a_Laxmi_Vilas_Bank_Personal_Loan?\"><\/a>What is a Laxmi Vilas Bank Personal Loan?<\/h3>\n<p>A personal loan is a type of loan when a person takes a loan from a bank to meet his personal needs. Personal requirements can include many things like buying a new home, for one&#8217;s wedding or getting the house renovated, long trips abroad, medical emergencies, credit card bill payment, etc.<\/p>\n<p>Apart from that, this personal loan doesn&#8217;t require high security. It can be obtained with minimal documentation as well, and when you receive the amount, you can use it for legal, financial needs.<\/p>\n<h3><a id=\"Laxmi_Vilas_Bank_Personal_Loan_Features_and_Benefits\"><\/a>Laxmi Vilas Bank Personal Loan Features and Benefits<\/h3>\n<ul>\n<li>Maximum loan is available for the borrowers<\/li>\n<li>Superfast process after the application is submitted to the bank for a personal loan<\/li>\n<li>No need for the guarantor<\/li>\n<li>Several ways to repay debt options available<\/li>\n<li>Superfast approval for a personal loan<\/li>\n<li>Affordable, competitive, and reasonable interest rates<\/li>\n<li>Large companies&#8217; employees can get discounts and take full advantage of special schemes.<\/li>\n<\/ul>\n<h3><a id=\"Best_Financial_Services_of_Lakshmi_Vilas_Bank\"><\/a>Best Financial Services of Lakshmi Vilas Bank<\/h3>\n<p>This bank has been winning the hearts of people for many years because of its best financial services. Well,\u00a0<strong>Lakshmi Vilas Bank\u00a0<\/strong>serves with fixed \/saving deposit, recurring deposit, personal loan, vehicle loan, home loan, education loan, gold loan, mobile banking, Pradhan Mantri Jandhan Yojana, education loan, Lakshmi account, Atal Pension Yojana net banking, mobile banking, RTGS, IMPS, NEFT, E-Wallet, Pradhan Mantri Suraksha Bima Yojana and many more.<\/p>\n<h3><a id=\"Eligibility_Criteria_to_Apply_for_a_Personal_Loan\"><\/a>Eligibility Criteria to Apply for a Personal Loan<\/h3>\n<p>Before applying for a personal loan in Lakshmi Vilas Bank, you must have the following securities-<\/p>\n<ul>\n<li>Kisan Vikas Patras (KVPs)<\/li>\n<li>LIC policies<\/li>\n<li>National Savings Certificates (NSCs)<\/li>\n<\/ul>\n<p>Your name should be mentioned in all the above documents, or the above securities must be in their names.<\/p>\n<p><strong>Maximum Amount Of Proposal Loan:<\/strong> Lakshmi Easy Loan is available for every borrower with no highest limit of an amount which is a plus point.<\/p>\n<p><strong>Minimum Amount Of Personal Loan:<\/strong> The minimum amount is Rs.10,000.<\/p>\n<p>This personal loan tenure is two months before your KVPs, NSCs, and LIC policies&#8217; maturity date or sixty months.<\/p>\n<h3><a id=\"Lakshmi_Vilas_Bank_Personal_Loan_Factors\"><\/a>Lakshmi Vilas Bank Personal Loan Factors<\/h3>\n<p>Apart from asking for your LIC policies, National Savings Certificates (NSCs), and Kisan Vikas Patras (KVPs), Lakshmi Vilas Bank also check-<\/p>\n<ul>\n<li><strong>City where you live: <\/strong>If you live in Delhi, Mumbai, and Bangalore, then taking a personal loan becomes easier. So, Individuals living in these cities can get personal loans quickly and easily.<\/li>\n<li><strong>Your current location matters: <\/strong>If you have been living in the same place for many years, it can prove helpful for you to avail a personal loan from Lakshmi Vilas Bank easily. If you have lived in the same place for more than 1 or 2 years, you are considered eligible for this personal loan. So you can see that it was an important factor as well among many.<\/li>\n<li><strong>Your monthly income: <\/strong>The second factor is your income. If your monthly income is more or you can pay more EMIs. If they find it ok then the lender will provide a personal loan.<\/li>\n<li><strong>Borrowers&#8217; age: <\/strong>Most lenders are afraid of giving loans to young people because they believe that young people always change jobs. According to them, stability is not found in young people. So if you are a 26 to 45 years old person working in the same office for a few years, then you are eligible for this loan because lenders find it secure to offer such people a personal loan.<\/li>\n<li><strong>Status of an employee: <\/strong>If you work somewhere and have more than one or two years of work experience, you are considered eligible for this personal loan. This is important because it&#8217;s a reliable, stable, and secure thing for a lender, and your KVPs\/ NSCs \/ insurance policy is also a must.<\/li>\n<li><strong>Residence: <\/strong>For those who live on rent, half or less of their earnings go towards paying the rent. This causes a delay in repaying the EMIs or sometimes are not able to pay. This may turn out to be a loss-making deal, from the views of the lender. If you do not live in a rented house, then you have more chances of getting a loan.<\/li>\n<\/ul>\n<h3><a id=\"Laxmi_Vilas_Bank_Personal_Loan_Methods\"><\/a>Laxmi Vilas Bank Personal Loan Methods<\/h3>\n<p><strong>Online form\u00a0<\/strong><\/p>\n<p>It is very easy to take a loan from Lakshmi Vilas bank. First of all, you have to go to the<strong>\u00a0Bank<\/strong>\u00a0website, where you have to fill in all your information and necessary details and upload it later. After filling in the details, check your eligibility for a Personal loan. Now your loan has been passed.<\/p>\n<p><strong>Offline form<\/strong><\/p>\n<p>If you do not want to fill the online form, you can also fill the form office. For this, you have to visit any branch of <strong>Bank<\/strong>. Go there with all your documents for fast loan approval. No need to worry, because your work will be done very conveniently.<\/p>\n<h3><a id=\"Laxmi_Vilas_Bank_Personal_Loan_Required_Documents\"><\/a>Laxmi Vilas Bank Personal Loan Required Documents<\/h3>\n<ul>\n<li>Promptly filled up an application form.<\/li>\n<li>few photographs of the borrower<\/li>\n<li>Bank Pass Book with last six months entries on it<\/li>\n<li>Identity proof like &#8211; A voter ID card, driving license, passport, Adhar card, PAN card, and ID card of the government department.<\/li>\n<li>House statement, electricity bill, telephone bill, and recent credit card bill are also required to prove your address and residence.<\/li>\n<li>Income proof is also a must. You have to bring your Latest salary slip with all done deductions, two previous financial years&#8217; income tax returns.<\/li>\n<li>Salary certificate (if the borrower is salaried)<\/li>\n<\/ul>\n<h3><a id=\"Laxmi_Vilas_Bank_Personal_Loan_Eligibility\"><\/a>Laxmi Vilas Bank Personal Loan Eligibility<\/h3>\n<ul>\n<li>Age should be between- 21 to 58 years.<\/li>\n<li>Employees of Central Government, Public Sector Undertakings, State Government, Private sector companies and Well known establishments.<\/li>\n<li>Borrowers must earn a regular income, whether it&#8217;s salaried or self.<\/li>\n<li>Whether he works or has his own business, any borrower must have up to three years of experience.<\/li>\n<\/ul>\n<h3><a id=\"FAQ's_on_Laxmi_Vilas_Bank_Personal_Loan\"><\/a>FAQ&#8217;s on Laxmi Vilas Bank Personal Loan<\/h3>\n<p><strong>Question 1.<\/strong><br \/>\nWhat is the interest rate on its loan?<\/p>\n<p><strong>Answer:<\/strong><br \/>\nLakshmi Vilas Bank offers its loan with an 11.50 % interest rate p.a. to its borrowers. We want to tell you that if the MCLR varies, the loan interest rate will also vary. In simple words, It can range from its current rate, and it also depends on borrowers&#8217; credit history.<\/p>\n<p><strong>Question 2.<\/strong><br \/>\nWill I have to pay for the documentation process?<\/p>\n<p><strong>Answer:<\/strong><br \/>\nYes, you will have to. Lakshmi Vilas Bank charges you 0.25% of the loan as a processing fee.<\/p>\n<h3><a id=\"Conclusion_on_Laxmi_Vilas_Bank_Personal_Loan\"><\/a>Conclusion on Laxmi Vilas Bank Personal Loan<\/h3>\n<p>Laxmi Vilas Bank can fulfill your desires regarding personal loans. We have shown many possible points here so that you may know some of their rules and regulations in simple words within less time.<\/p>\n<p>If you want to know more details about personal loans, you can visit Lakshmi Vilas Bank&#8217;s official website, where you will get complete information such as its current interest rate, fees\/ charges, and rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Laxmi Vilas Bank Personal Loan: You must be looking for a personal loan, right! and that&#8217;s why you are here. Stop searching and exploring now because you will know everything about Laxmi Vilas Bank&#8217;s loan. Laxmi Vilas Bank offers a personal loan at the minimum interest rate. This bank does not let you wander here &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/gstguntur.com\/laxmi-vilas-bank-personal-loan\/\"> <span class=\"screen-reader-text\">Laxmi Vilas Bank Personal Loan @ 11.50% | Features, Benefits, Factors, Eligibility Criteria and Services<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[166],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/9854"}],"collection":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/comments?post=9854"}],"version-history":[{"count":5,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/9854\/revisions"}],"predecessor-version":[{"id":10609,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/9854\/revisions\/10609"}],"wp:attachment":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/media?parent=9854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/categories?post=9854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/tags?post=9854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}