Is there an application fee for this loan? What are the fees and charges involved?
Applying for the Lakshmi Vilas Bank Loan against Property is absolutely free. Nominal fees and charges are applicable only on successful disbursement of the loan. These include: - A processing fee of 1% on the loan amount. - The floating rate of interest, which is usually around 11.65% - Other technical and legal charges, which are communicated to the borrower during the loan application process itself.