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Banking & Credit :: LAKSHMI VILAS BANK

1.The Lakshmi Kisan Credit Card

The Lakshmi Kisan Credit card is a unique product specially designed for agriculturist. 

Salient Features 

  • It is a revolving cash credit
  • Limit is sanctioned for meeting out cultivation expenses of short duration/ annual crops
  • Interest is paid a credit balances maintained in the account.
  • Assured credit facility for 3 years
  • Flexible repayment terms
  • Maximum limit is Rs.10 Lakhs
  • Cheque book facility for limits of Rs 50000/- and above 

2. Lakshmi Personal Vehicle Loan

Purpose
: To purchase for own use:
  1. New Car/Van/Jeep
  2. Used Car/Van/Jeep
  3. New two-wheelers
Eligibility: Agriculturists (with minimum land holding of 8 acres of irrigated land)

Income:

For purchase of car / van / jeep: Annual income of Rs.1.20 lacs (sufficient proof required).  
For purchase of two-wheelers: Minimum net monthly income of Rs.5000/- with necessary proof.

Quantum
:
For purchase of Car / Van / Jeep: 20 times Net Monthly Income or
New Vehicle: 80% of the cost of the vehicle. (Maximum: Rs.10.00 lacs)
Used vehicle: 60% of the cost of the vehicle as assessed by an approved automobile engineer  (Maximum: Rs. 5.00 lacs)
For purchase of new two-wheelers: Not exceeding 6 times the net monthly income or 75% of the cost of the vehicle with a Minimum of Rs.10,000/-  & Maximum of Rs.50,000/-


3. Lakshmi Gold Power

Type of facility: The product is available as Overdraft against pledge of gold jewels.
Purpose:
To meet the personal/agricultural/business requirements of Individuals, Business entities, etc.
Quantum
: Minimum Rs.0.50 lacs and Maximum Rs. 5 to 50 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.

Source: http://www.lvbank.com
 
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