Lakshmi Vilas Bank Gold Loan

A gold loan from Lakshmi Vilas Bank

Leverage the potential of your gold assets to pay off your debts

Lakshmi Vilas Bank Gold Loan

This scheme helps borrowers access needed funds by pledging their gold jewellery. This loan can be used to meet any personal financial needs as well as to consolidate high-interest debts. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 30 lakh.

Features of Lakshmi Vilas Bank Gold Loan

Why this Loan?

  • The Lakshmi Vilas Bank Gold Loan is meant for borrowers who want to get funds by pledging gold jewellery to meet their financial needs
  • This loan scheme can also be repurposed into a consolidation loan to pay off their debt

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 30 lakh


  • As of October 2020, the interest rate applicable to this loan is 8.80%


  • As of October 2020, this information is not mentioned on the bank’s website. To get more details, please talk to a bank representative by calling the bank’s customer care number


  • Borrowers should be above 18 years of age
  • Borrowers must be the true owners of the gold ornaments/jewellery to avail this loan

Security Needed

  • The bank accepts pledging of gold jewellery to secure this loan

Processing Charges

  • The bank does not charge money for processing this loan

Documents Needed

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • Lakshmi Vilas Bank Website:
  • Headquarters: Chennai, Tamil Nadu
  • Call Centre Toll-free Number: 1800 425 2233