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Home  » Loans -> Lakshmi Gold Power
Announcement
Unaudited Financial Results

Unaudited financial results of the bank for the quarter ended 31st Dec 2011

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Notice

LVB has successfully raised Tier II Capital over Rs. 250 Crores

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Lakshmi Gold Power
 
 
Purpose
 
To meet the personal/agricultural/business requirements of Individuals, Business entities, etc.
 
Type of facility
 
The product is available as Overdraft against pledge of gold jewels.
 
Quantum
 
  • Minimum: Rs.0.50 Lacs. Maximum: Rs.5.00 to 50.00 Lacs.
  • Based on the advance value per gram of gold as fixed by the Bank from time to time in respect of jewel advances and due appraisal by the Bank appraiser.
 
Security
 
Pledge of gold ornaments.
 
Interest Rates
 

Agri. Purpose : Base Rate + 1% (PER: 12.00% p.a.) 
Non-Agri. Purpose : Base Rate + 4% (PER: 15.00% p.a.)

 
Repayment Period
 
Continuation of facility based on annual review
 
Loan processing fee
 
0.50% of the limit sanctioned, subject to a minimum of Rs.100/-.
 
Delivery Channel
 
 
All branches extending jewel advances
 
Help Line No (Toll Free)
    1800 - 425 - 2233
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