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Home  » Loans -> Lakshmi Rental Loan
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 Rental Loan
 
 
Purpose
 

Borrowers may utilize the loan facility to meet their personal expenditure requirements for investments or for general corporate purposes.

 
Eligibility
 

a) Borrower : Owner of commercial and residential properties and who receive rental income thereon viz, individuals, Partnership/ Proprietorship, Trusts & other legal entities permitted to own properties, receive rentals and borrow from banks.
(b) Properties: Commercial and residential properties located in semi-urban, urban, metro centers will be eligible.

 
Loan amount
 

Minimum - Rs 50000/-
Maximum - As per the eligibility

 
Period of Loan
 
Minimum - 6 months
Maximum - 60 months
 
Rate of Interest
 
Base Rate + 4.50% (PER: 15.50% p.a.)
 
Processing Charges
 
0.50% of loan amount subject to a maximum of Rs 50000/-
 
 
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