Lakshmi Vilas Bank Personal Loan Customer Care

The table given below displays the customer helpdesk details that are related to Lakshmi Vilas Bank personal loans:

Contact Details for Certain Regional Offices

Lakshmi Vilas Bank Grievance Redressal Procedure

1. The bank also has a grievance redressal cell, which can be accessed online. Any customer can visit the bank's official website and then go to the 'Support Services' section. You can now click 'Submit Grievance'.
2. Here, you can register your complaints related to your LVB personal loan.
3. You will need to fill your personal details, contact details, and branch details.
4. Next, you can mention what the complaint is about and then describe your complaint in the relevant field.
5. You may also upload any attachment to explain your concern.
6. You will then have to key in the captcha code, and then click 'Submit'.
7. Your complaint will now be registered with the bank.

The bank also allows you to track your complaints online by using the same link. You will have to enter details about your complaint and you will be able to view its status on your screen.

No matter what your query is, you can immediately call the toll-free number of the bank to get an accurate answer from the bank's skilled customer care representatives. You can find out about your LVB personal loan application process, disbursal process, and repayment process so that your borrowing is absolutely smooth.

Types of Lakshmi Vilas Bank Personal Loans

Lakshmi Loan against Securities (LLAS) Scheme:

This loan is provided to take care of personal expenditures for both official and personal purposes. It is an overdraft facility where the interest is charged on a monthly basis. The applicant will have to pledge a security for the loan to be disbursed. The securities can be only in DEMAT form.

1. The minimum loan amount is 1 lakh and the maximum loan amount is Rs.20 lakh.
2. The applicant should be at least 21 years old and not more than 75 years old.
3. The loan can be repaid within 12 months.
4. The processing fee will be 0.25% of your personal loan amount.

Lakshmi Easy Loan:

This personal loan is provided for various purposes such as paying income tax, investing in tax-plans, handling personal needs, domestic needs, and professional needs.

1. The minimum loan amount is Rs.10,000 and there is no maximum loan limit.
2. The Lakshmi Easy Loan is given to any individual applicant or joint applicants who hold LIC policies, Kisan Vikas Patras ( KVPs), and National Savings Certificates(NSCs) in their names.
3. This loan can be taken as an overdraft or as a demand loan.
4. The margin for this loan is 10% of the accrued values of the securities that are pledged by you or the surrender value of your LIC policy.
5. This loan will need to be repaid within 60 months OR 2 months before your NSC or KVP or LLP (that you have pledged) will get matured.
6. The processing fee for this loan is 0.25% of your loan amount. The minimum fee will be Rs.100.

Lakshmi Gold Power:

This personal loan is provided by the bank to help individuals and entities meet a broad array of needs such as personal, business, and agricultural needs. This loan is given as an overdraft wherein the borrower will have to pledge their gold ornaments.

1. The minimum loan amount is Rs.0.50 lakh.
2. The maximum loan amount ranges from Rs.5 lakh to Rs.50 lakh.
3. The loan quantum will be decided as per the advance value for each gram that will be set by the bank on a regular basis, with regard to jewel advances.
4. The processing fee for this loan is 0.50% wherein the minimum fee will be Rs.100.
5. As a security, you will be required to pledge a certain portion of your gold jewellery.
6. This loan facility can be extended according to the annual review of your repayment.
7. You can avail this loan from any Lakshmi Vilas Bank branch that offers jewel advances.

How to Apply for Lakshmi Vilas Bank Personal Loans

1. You can apply for LVB personal loans online by going to the bank's official website. You can go to the 'Support' section of the website.
2. Here, you will need to click 'Apply Online'.
3. You will now see an online form in which you will need to fill your personal details, contact details, and date of birth.
4. Next, you will have to select any of the product types from the drop-down option. You will have to select 'Loans' here.
5. You can then select the name of the product from the drop-down option.
6. You will also have to mention your preference for meeting a bank representative such as place and time. Now, you can click 'Submit' and your application will soon get processed.

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