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One Stop Solution For All Your Financial Needs

From establishing a business to owning a home, people need money for different purposes. At Lokmanya, this lending is made simpler through a wide range of loans designed to cater to different needs of the people.

Personal Loan

  • Loan applicable for: Medical emergencies, wedding expenditures, vacation plans and other needs on an individual or a family level.
  • Interest Rate: 19%
  • Processing Fees: 0.70% and other charges plus service tax as applicable
  • Loan Amount: As per eligibility and income
  • Maximum repayment period: Not more than 7 years

Housing Loan

  • Loan applicable for: Construction/purchase of new house (1st or 2nd), repair/renovation of existing one and repayment of existing loan.
  • Interest Rate: 17%
  • Processing Fees: 0.70% and other charges plus service tax as applicable
  • Loan Amount: 75% of the total cost (purchase value of property/repair value)
  • Maximum repayment period: 15 years (for construction/purchase)

Hypothecation Loan

  • Loan applicable for: Purchase of new 2/4 wheelers for personal or professional use, purchase of machinery or equipment or meet personal expenses
  • Interest Rate: 16%
  • Processing Fees: 0.70% and other charges plus service tax as applicable
  • Loan Amount: 90% of Cost of vehicle +Registration Charges + Insurance.
  • Maximum repayment period: Not more than 7 years

Industrial Loan

  • Loan applicable for: SSI, other manufacturing and processing industrial unit to meet their need for establishment of new unit, purchase of plant and machinery
  • Interest Rate: 17%
  • Loan Amount: Up to the 75% of the value of plant and machinery and stock

Gold Loan

  • Loan applicable for: Anyone who owns gold ornaments with age above 18years, need to be member of LMCS can avail the gold loan from LMCS. To obtain loan borrower need to submit gold jewellery (within a Karat range of 18 to 24K) at the branch
  • Interest Rate: 16% to 18% per annum
  • Processing Fees: None
  • Loan Amount: Ranges from a minimum of 5000 to a maximum of 500000.
  • Maximum repayment period: 12 months