Frequently Asked
Questions
General FAQ's
Do I have the option to repay my entire loan before the maturity date?
Yes, you have the option to pre-close your loan account with Lakshmi Vilas Bank. Since the bank offers loans at a floating rate of interest, there are no foreclosure charges applicable for the pre-closure of the loan. The borrower can intimate the bank of the foreclosure and be loan-free by paying the outstanding loan balance.