Curious about what is LVB personal loan interest rate? If you are seeking the personal loan interest rate for Lakshmi Vilas Bank (LVB), it’s important to note that LVB was merged into DBS Bank India Limited (DBS) and hence all of LVB’s banking platforms including personal loan products are now under DBS.
As per the migration notice, LVB’s internet and mobile-banking apps will become inaccessible post-migration and customers must move to the “digibank by DBS” platform.
If you held (or were applying to hold) a personal loan with LVB, the terms including the interest rate will now be governed by DBS.
DBS has confirmed that the effective rate for migrating customers will initially remain the same (i.e., there is no automatic increase just because of the migration) and afterwards the rate may adjust in line with the external benchmark (RBI repo rate + spread) for floating-rate loans.
For new applications, you will follow DBS’s standard personal loan rate schedule.
The interest rate for a personal loan from DBS starts at 10.99% per annum and goes up to 30% per annum (fixed rate) depending on eligibility, loan amount, tenure and credit profile.
Specifically, the official rate page shows “Minimum interest rate: 10.99% p.a.” and “Maximum interest rate: 30% p.a.”. Loan tenure of 12 to 60 months is available.
I hope this helps!
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Hi, Being a recent borrower of a personal loan from DBS, I can say that in November 2020, Lakshmi Vilas Bank (LVB) amalgamated with DBS Bank India Limited, and that LVB is now known as DBS Bank. This implies that if you are looking for LVB personal loan interest rate, it means you\'ll be actually exploring the DBS Bank\'s personal loan rates.
What is the Lakshmi Vilas Bank Personal Loan Interest Rate?
From my personal experience of availing a personal loan from DBS, I can say that DBS Bank offers personal loans between Rs. 25,000 and Rs. 15 lakhs. The available tenure is of 12 to 60 months. Also, the personal loan interest rate at DBS starts at 10.99%. The basic eligibility criteria of obtaining personal loan from DBS Bank are as follows,
Be an Indian citizen.
Be in the age range of 21 to 60.
Work as a salaried professional or a self employed one
Earn at least Rs. 25,000 a month.
Also, they offer a three-day free look period, within which if you decide to cancel your loan application, you can do so if necessary.
Hope this helps!
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What is LVB Personal Loan Interest Rate?
Tulsi
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2025-02-26T20:00:41+00:00 2025-02-26T20:00:41+00:00Comment
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