Top Banks 2024
Lakshmi Vilas Bank Bengaluru
Last Updated : Sept. 5, 2018, 5:02 p.m.
About Lakshmi Vilas Bank
Lakshmi Vilas Bank was founded in the year 1926 by a group of seven businessmen of Karur. The bank received the certificate to commence business on November 10, 1926. It is a public sector bank that was incorporated to provide financial assistance to the people engaged in trading businesses, industry and agriculture. The head office of the bank is located in Chennai, Tamil Nadu. It is a nationalized bank that has branches and ATMs spread throughout the length and breadth of the country. Since inception, the aim of the bank has been to motivate people to achieve excellence in performance leading to sustained profitable growth and build a vibrant organization. The bank is driven by the mission to develop a range of quality financial services and products to create value for customers, shareholders and the society. It has designed multiple banking products that include everything right from consumer banking to corporate banking, to finance and insurance, to investment banking and mortgage loans. So, whatever the problem be the bank has the perfect solution for all the financial needs. It even renders private banking and wealth management services to provide right guidance to the people. It has always strived hard to provide excellent services to the customers and satisfy their needs.
Address of Lakshmi Vilas Bank Branches in Bengaluru
The complete address, IFSC Code, MICR Code and customer care details of Lakshmi Vilas Bank branches located in Bengaluru is mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Bangalore Main | 19 - B, 1st Floor P.B. No. 9568 BVK Iyengar Road Near Abhinay Theatre Bangalore - 560009 Karnataka | LAVB0000161 | 560056002 | 080 - 22283703 |
| Cantonment - Bangalore | 141/1, 1st Floor Dharmaraja Koil Street Cantonment Bangalore - 560001 Karnataka | LAVB0000162 | 560056004 | 080 - 25599691 |
| Jayanagar - Bangalore | 460/2, 8th B Main Road, PTK Complex IVth Block, Jayanagar Bangalore - 560011 Karnataka | LAVB0000163 | 560056005 | 080 - 26645152 |
| City Market - Bangalore | 1091, OTC Road Nagarathpet, City Market Bangalore - 560002 Karnataka | LAVB0000164 | 560056003 | 080 - 22226917 |
| Ulsoor - Bangalore | 153, Old Madras Road P.B. No. 819 Ulsoor Bangalore - 560008 Karnataka | LAVB0000165 | 560056006 | 080 - 25300371 |
| Jalahalli - Bangalore | 907, M.E.S. Road Mathikere, P.O. 1st Floor Sree Complex, Jalahalli Bangalore - 560054 Karnataka | LAVB0000166 | 560056007 | 080 - 23451836 |
| Koramangala - Bangalore | 68, Koramangala Ind. Layout 5th Block, Koramangala Bangalore - 560095 Karnataka | LAVB0000167 | 560056008 | 080 - 25630749 |
| Bangalore - Service | 19 - B, 1st Floor Near Abinay Theatre B.V.K. Iyengar Road P.B. No. 9568 Bangalore - 560009 Karnataka | LAVB0000853 | 560056001 | 080 - 22283703 |
| Bangalore DO | 568, 38th Cross, 11th Main, 1st Floor, 5th Block, Jayanagar, Bangalore - 560041 Karnataka | LAVB0000885 | 560056103 | 080 - 22445249 |
| City Market Extension Counter | St. Ann Educational Society, 738/40, Dr.Rajkumar Road, Rajaji Nagar, Bangalore - 560 010 | LAVB0000169 | 560056101 | 1800 - 425 - 2233 |
| Thippasandra | 11/1, New Thippasandra Main Road , Hal III Stage , Bangalore 560075 | LAVB0000753 | 560056013 | 1800 - 425 - 2233 |
| BTM Layout | No 281, 7th Main, Mico Ehbcos Layout, BTM II Stage, Bangalore 560 076 | LAVB0000152 | NON-MICR | 1800 - 425 - 2233 |
| HSR Layout | No 435, 27th Main Road, Sector I, Hosur Sarjapur Layout HSR Layout, Bangalore 560 078 | LAVB0000294 | NON-MICR | 22631300 |
| Malleshwaram | No 1, 9th Cross, Malleshwaram, Bangalore 560 003 | LAVB0000474 | NON-MICR | 22631300 |
| R T Nagar | No 7, III Cross, Ward No 95, Ganesh Block, Kavalbyrasandra Road, R T Nagar, Bangalore 560032 | LAVB0000613 | NON-MICR | 22631300 |
| Bommanahalli | No 62/1, Bommanahalli Industrial Area, Kodichikkanahalli, Begur | LAVB0000151 | NON-MICR | 1800 - 425 - 2233 |
| Honnasandra | No 127 13 1 Dharmanayaka Thanda Honnasandra Nelamangala Taluk Bangalore Karnataka | LAVB0000300 | NON-MICR | 1800 - 425 - 2233 |
| Raja Rajeshwari Nagar | No 878 4th Stage Beml Raja Rajeshwari Nagar Bangalore 560098 | LAVB0000616 | 560056022 | 1800 - 425 - 2233 |
| Basaweshwara Nagar | No 27 80 Feet Road KHB Colony Basaweshwara Nagar Bangalore Karnataka 560079 | LAVB0000144 | NON-MICR | 1800 - 425 - 2233 |
| Yelahanka | No 971 1st Cross 3rd Phase Yelahanka Bangalore 560064 | LAVB0000874 | 560056021 | 1800 - 425 - 2233 |
| CRE Card Cell Bangalore | 568 38th Cross 11th Main 1st Floor P B No 4129 5th Block Jayanagar Bangalore | LAVB0000884 | NON-MICR | 1800 - 425 - 2233 |
Products Offered by Lakshmi Vilas Bank in Bengaluru
Lakshmi Vilas Bank provides a range of banking products to turn a consumer’s experience into fruitful one. Through it’s Pan India presence it caters the needs of all citizens of the country. Even in the city of Bengaluru, the bank provides a range of products that includes home loan, car loan, loan against property, business loan, gold loan, education loan, fixed deposits and assists people in prudent wealth management. The relevant details of the products are mentioned in the table below:
Table showing Product eligibility criteria, interest rate, processing fee and tenure
| Product Name | Eligibility Criteria | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Individuals and HUFs having decent income and able to present proof | Customized | 8.25% Onwards | As per bank’s norm | Up to 20 years |
| Car Loan | Salaried persons who are permanent employees of State / Central Government, Public Sector Undertakings / Corporations, Private Sector Companies of repute, Reputed Establishments or Professionals. Self-employed persons, Businessmen & Agriculturists. Maximum age of the borrower should not exceed 65 years on the maturity date of the loan. The minimum annual income of borrower should be ₹ 1,20,000. | Customized | 7.05% Onwards | As per bank’s norm | Up to 6 years |
| Loan Against Property | Individuals including salaried, self-employed and agriculturist. Proprietary concerns, Partnership Firms, Private/ Public Limited Companies, Deemed Limited Companies. The minimum age of the applicant should be 21 years. The maximum age of the salaried individual should not exceed 60 years while for others the maximum age limit is 65 years at the time of loan maturity. | Customized | 12% p.a. | As per bank’s norm | Up to 10 years |
| Business Loan | Well established business entities earning profit | Customized | 10.60% - 13.10% p.a. | As per bank’s norm | Up to 7 years |
| Gold Loan | Individuals and business entities | ₹ 50,000 to ₹ 50,00,000 | 9.85% p.a. -10.10% p.a. | 0.50% of the loan amount, subject to minimum of ₹ 100 | Continuation of facility based on annual review |
| Education Loan | The student should have secured admission to professional/ technical courses in India or abroad through entrance test/merit based selection process after completion of high school. Eligible Courses: | For studiesin India: ₹ 10 lacs For studies in abroad: ₹ 20 lacs | Girls - Upto 12.60% p.a. Boys - Up to 12.85% p.a. | Nil | Up to 15 years |
| Fixed Deposit | An individual either solely or jointly A minor jointly with a major HUF Joint Stock Company Professionals Partnerships Firms Companies Clubs Societies & Corporates | Minimum - ₹ 100 Maximum - No Ceiling | 3.60% - 7.50% | - | 15 days to 10 years |
Documents Required
The list of documents required to avail the benefit of the financial products are given below:
| Product Name | Documents |
|---|---|
| Home Loan | Proof of identity (photocopies of Voters ID card/ Passport/ Driving licence/ IT PAN card) Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/ Property tax receipt/ Passport/ Voters ID card) Proof of Income - Original Salary Certificate from employer, TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt., Acknowledged copies of three years I.T. returns/ Assessment Orders, Photocopies of challans evidencing payment of Advance Income Tax Proof of business address for non-salaried individuals Statement of Bank Account/ Pass Book for last six months Signature identification from present bankers Personal Assets and Liabilities statement |
| Personal Loan | Application Form 1 Latest Photograph Identity Proof - Passport/ PAN Card/ Voters ID card/ Driving License etc Residence Proof - Ration card/Driving License/Voters ID card/ Passport / Telephone Bill/ Electricity bill/Life Insurance policy Age Proof - Passport, PAN Card or Any Other Certificate from Statutory Authority Signature Proof Ownership Proof Income Proof - Salary slips for last 3 months, ITR/ Form 16 for last 3 years, Latest Income Tax Return Bank Account Statements |
| Car Loan | Duly filled Application form Photograph Proof of Identity: Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible) Income Proof: Latest salary slip with Form 16./ Income Tax Returns of 2 previous financial years Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card Signature Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License / Passport Salary Bank Statement/ Business Bank Statement P&L A / C and B / S for the last 2 years certified by CA by Non-Salaried |
| Loan Against Property | Application form Financial Statements/ Bank Statement Address Proof: Ration card/ Driving licence/ Voters card/ Passport copy/ Telephone bill/ electricity bill/Life insurance policy PAN Card Age Proof - Passport, PAN Card or Any Other Certificate from Statutory Authority Copy of Sales Tax / VAT / any other Tax Registration if applicable Details of Property offered along with the latest valuation |
| Business Loan | Proof of Identity: Voter’s ID Card/ Passport/ Driving License/ PAN Card/ Signature identification from present bankers of proprietor, partner of director (if a company) Proof of residence: Recent telephone bills, electricity bill, property tax receipt /Passport/ Voter’s ID Card of Proprietor, partner of Director (if a company) I.T.R., 2 Years, Balance Sheet and Profit & Loss Account Proof of ownership of Residential or Commercial Property (including Parental Property) in select locations Latest 6 months Bank statement of Business |
| Gold Loan | For Kotak customers: Latest address proof (only if the address of the customer has changed) For non-Kotak customers: Identity Proof, Address Proof, Signature Proof (KYC Documents) and 3 passport size photographs |
| Education Loan | Application form & appraisal form as prescribed in our circular instructions. Certified copy of admission letter issued by the college/university/ institute. Certified copies of relevant past academic records, including mark sheets, examination/degree/ diploma certificates, etc. Copies of prospectus, syllabus and full details of course of study along with details of tuition fee & other fees payable. Testimonials from two professors/ teachers of the college/school last studied. Copy of IT/WT assessment orders of the parent/grandparent/ guardian, if an assessee. If the student himself is an assessee, then copies of the latest IT/WT assessment order pertaining to his income/wealth. Form 111 of the parent/guardian / grandparent/student. Legal opinion and valuation report on the property offered as collateral security. In the case of students going abroad, besides the above, copies of the Passport, Visa, details of scholarships/assistance if any and the necessary evidence of admission to the institution abroad, etc. to be obtained and verified with the originals. Stamped forms: a. F. No: 600 (A)- Demand Promissory Note b. F.No.83 (R) - Letter of undertaking for repayment of instalment. c. F. No. 451-Letter of authority. d. F. No. 353- Educational term loan agreement (Stamped form) e. F.No.200 (R) - Letter of Guarantee (Stamped form). f. F.71 – Memorandum of deposit of title deeds. |
| Fixed Deposit | Proof of Identity - Passport, Voter ID card, Driving license, PAN card, Government department ID card Proof of Residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement |