Tell me what is current base rate of Lakshmi Vilas Bank? My father wants to apply for Home Loan at Lakshmi Vilas Bank, so will you give information about current interest rate for Home Loan offers by Lakshmi Vilas Bank?

The Current BASE RATE of Lakshmi Vilas Bank is:

10.40 % p.a with effect from 01.01.2017

Bank’s Benchmark Prime Lending Rate (BPLR) is 17.25% p.a. effective from 01.08.2011

As you want to apply for Home Loan, so here I am giving details about Home Loan offers by Lakshmi Vilas Bank for your reference:

ELIGIBILITY:
Individuals and HUFs (operating through Kartas) having sufficient income and able to produce satisfactory proof such income by way of Salary Certificates, Income Tax Certificates, etc. can avail loans under the scheme

TYPE OF FACILITY (OR) PURPOSE
Construction of new house / flat
Purchase of a new house / flat constructed by a reputed Promoter / Contractor
Additional construction or alterations carried out by the owners of the house
Repairs on House
Purchase of old houses
Purchase of approved residential plots

MARGIN
20% of the project cost in the case of loans for construction / purchase of new house / flat
25 % of the purchase consideration in the case of purchase of old houses / approved residential plots

REPAYMENT PEROD (OR) LOAN TENOR
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

Interest rate for Home Loan
At one year MCLR+0.10 (PER: 9.85% p.a.)