Lakshmi Vilas Bank Home Loan – Interest Rates 2024, Eligibility
Lakshmi Vilas Bank Home loan: Get Best ✓ Lowest Interest Rates ✓ lowest EMI ✓ upto 80% Finance ✓ Commercial loan ✓ Documents List ✓ Pre Approved Loans ✓ Eligibility Amount only at Deal4loans.
Lakshmi Vilas Bank Home Loan Details
| Interest Rates | 9.70% p.a. |
| Loan amount | Rs.10000 above |
| Processing Fees | N.A |
| Repayment | 20 Years maximum |
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About Laxmi Vilas Bank:
Lakshmi Vilas bank was founded in 1926. Bank obtained its banking license from RBI on 19,June 1958, and on 11, August 1958 it became a ‘scheduled commercial bank’ signifying capability to operate as a full-fledged commercial bank. Currently operations are spread over a network of 569 branches and 1047+ ATMs. The Bank’s Gross Advances as on 30th June 2019 was to the tune of Rs 20,556 crores, with Net Interest Income at Rs 123 crores. Total Deposits were pegged at Rs 28,980 crores. The bank has a total business mix of Rs 49,536 Crores as on 30th June 2019.
Eligibility Required for Lakshmi Vilas Bank Home Loan
Individuals and HUFs (operating through Kartas) with sufficient income and who can produce satisfactory proof of such income by way of salary certificates, Income Tax certificates etc.can avail home loans under the scheme.
Type of Facility or purpose of Home Loan at Lakshmi Vilas Bank
- Construction of new house / flat
- Purchase of a new house / flat constructed by a reputed Promoter / Contractor
- Additional construction or alterations carried out by the owners of the house
- Repairs on House
- Purchase of old houses
- Purchase of approved residential plots
Lakshmi Vilas Home Loan Documents
Documents For Salaried employees
- Filled up loan application form
- 2 Passport Size Photo
- ITR of last 2 years
- Identity Proof – Passport/ Driving Licence/ Voter ID/ PAN
- Residential Address Proof – Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
- Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit
- Property Documents – Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension
Documents For Self-Employed
- Filled up loan application form
- 2 Passport Size Photo
- Identity Proof – Passport/ Driving License/ Voter ID/ PAN
- Residential Address Proof – Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
- Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile
- Property Documents – Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.
