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Lakshmi Vilas Bank Home Loan, Interest Rates and EMI Calculator Jan 2019

(Updated on 12.01.2019) Lakshmi Vilas Bank Home Loan EMI Calculator Jan 2019 – Get Instant Quick & Easy Approval on Lakshmi Vilas Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.


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Lakshmi Vilas Bank Home Loan

Lakshmi Vilas Bank provides feasible and attractive Home Loans to meet the varied needs of every home loan borrowers. Lakshmi Vilas Home Loan can be availed to purchase a plot, construct a house, to buy a ready built house, repairs/upgradation/renovation of house/flat, etc. at competitive home loan rates. Check your Home Loan Eligibility with the effective tool- Home Loan Eligibility Calcualtor and get the best deals on home loans.

Lakshmi Vilas Bank Home Loan Interest Rate

Interest Rate 9.90%
Processing fee range 1% to 2% of the loan amount
Loan Amount Min. 10 lakhs & above
Tenure 240 months

Lakshmi Vilas Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Lakshmi Vilas Home Loan Facilities

  • Loan for construction of new house / flat

  • home loan purchase of a new house / flat constructed  by a reputed Promoter / Contractor

  • Home loan can be availed Additional construction or alterations carried out by the owners of the house

  • Avail home loan for Repairs on House, purchase of old houses and purchase of approved residential plots.

Lakshmi Vilas Bank Home Loan Eligibility

  • Individuals and HUFs (operating through Kartas) having sufficient income and able to produce satisfactory proof.

  • Have reliable loan repayment capacity

  • Other eligibility should be met as per bank’s norms.

Lakshmi Vilas Bank Home Loan Documents Required

For salaried individual

  • Identity proof.

  • Address proof.

  • Birth proof.

  • Financial documents: Last three months bank statement, Last two months salary slip, Latest Form 16, Proof of at least 2 years of work experience.

For Self-Employed individuals

  • Identity proof.

  • Address proof.

  • Birth proof.

  • Financial Documents : Last three months bank statement, Most recent income tax returns with income computation, balance sheet and last two years profit and loss account statement. All documents are to be certified by a Chartered Accountant.

  • Proof of at least three years of business continuity.

Lakshmi Vilas Bank Home Loan PrepaymentsNill Pre-Payment charges


Loan Tenor MCLR
Overnight 9.55%
1 Month 9.60%
3 Months 9.60%
6 Months 9.65%
1 Years 9.80%

Lakshmi Vilas Bank Home Loan Margin

  • 20% of the project cost in the case of loans for construction / purchase of new house / flat.

  • 25 % in the case of purchase of old houses / approved residential plots.

Lakshmi Vilas Bank Home Loan Repayment Period

  • Maximum of 240 months or the borrower attaining the age of 65 years whichever is earlier for purchase / construction of new house / flat.

  • Maximum of 60 months, without holiday period, if the loan is sanctioned for repairs / renovation and for purchase of residential plot.

Latest News about Lakshmi Vilas Bank

1) Lakshmi Vilas Bank is offering Aadhaar enrolment and Updation Services for Indian Residents at its 55+ branches. These branches will serve as Aadhaar Seva Kendra where you can issue a new Aadhaar card or update the existing one with the help of certified enrolment agents. This step has been taken to provide best in class banking services to the customers. The Bank also seeks to support the government’s initiative of providing unique identity for each person which will help them link their details to secured platforms.