Lakshmi Vilas Bank Bengaluru - Rates 2024, IFSC Code, Main Branch

Lakshmi Vilas Bank Bengaluru

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 NameComplete AddressIFSC CodeMICR CodeContact Number
Bangalore Main

19 - B, 1st Floor P.B. No. 9568 BVK Iyengar Road Near Abhinay Theatre Bangalore - 560009 KarnatakaLAVB0000161560056002080 - 22283703
Cantonment - Bangalore

141/1, 1st Floor Dharmaraja Koil Street Cantonment Bangalore - 560001 KarnatakaLAVB0000162560056004080 - 25599691
Jayanagar - Bangalore

460/2, 8th B Main Road, PTK Complex IVth Block, Jayanagar Bangalore - 560011 KarnatakaLAVB0000163560056005080 - 26645152
City Market - Bangalore

1091, OTC Road Nagarathpet, City Market Bangalore - 560002 KarnatakaLAVB0000164560056003080 - 22226917
Ulsoor - Bangalore
153, Old Madras Road P.B. No. 819 Ulsoor Bangalore - 560008 KarnatakaLAVB0000165560056006080 - 25300371
Jalahalli - Bangalore

907, M.E.S. Road Mathikere, P.O. 1st Floor Sree Complex, Jalahalli Bangalore - 560054 KarnatakaLAVB0000166560056007080 - 23451836
Koramangala - Bangalore

68, Koramangala Ind. Layout 5th Block, Koramangala Bangalore - 560095 KarnatakaLAVB0000167560056008080 - 25630749
Bangalore - Service

19 - B, 1st Floor Near Abinay Theatre B.V.K. Iyengar Road P.B. No. 9568 Bangalore - 560009 KarnatakaLAVB0000853560056001080 - 22283703
Bangalore DO

568, 38th Cross, 11th Main, 1st Floor, 5th Block, Jayanagar, Bangalore - 560041 KarnatakaLAVB0000885560056103080 - 22445249
City Market Extension Counter

St. Ann Educational Society, 738/40, Dr.Rajkumar Road, Rajaji Nagar, Bangalore - 560 010LAVB00001695600561011800 - 425 - 2233

11/1, New Thippasandra Main Road , Hal III Stage , Bangalore 560075LAVB00007535600560131800 - 425 - 2233
BTM Layout

No 281, 7th Main, Mico Ehbcos Layout, BTM II Stage, Bangalore 560 076LAVB0000152NON-MICR1800 - 425 - 2233
HSR Layout

No 435, 27th Main Road, Sector I, Hosur Sarjapur Layout HSR Layout, Bangalore 560 078LAVB0000294NON-MICR

No 1, 9th Cross, Malleshwaram, Bangalore 560 003LAVB0000474NON-MICR
R T Nagar

No 7, III Cross, Ward No 95, Ganesh Block, Kavalbyrasandra Road, R T Nagar, Bangalore 560032LAVB0000613NON-MICR


No 62/1, Bommanahalli Industrial Area, Kodichikkanahalli, BegurLAVB0000151NON-MICR
1800 - 425 - 2233

No 127 13 1 Dharmanayaka Thanda Honnasandra Nelamangala Taluk Bangalore KarnatakaLAVB0000300NON-MICR
1800 - 425 - 2233
Raja Rajeshwari Nagar

No 878 4th Stage Beml Raja Rajeshwari Nagar Bangalore 560098LAVB00006165600560221800 - 425 - 2233
Basaweshwara Nagar

No 27 80 Feet Road KHB Colony Basaweshwara Nagar Bangalore Karnataka 560079LAVB0000144NON-MICR
1800 - 425 - 2233

No 971 1st Cross 3rd Phase Yelahanka Bangalore 560064LAVB00008745600560211800 - 425 - 2233
CRE Card Cell Bangalore

568 38th Cross 11th Main 1st Floor P B No 4129 5th Block Jayanagar BangaloreLAVB0000884NON-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 NameEligibility CriteriaAmount Interest RateProcessing FeeTenure
Home Loan Individuals and HUFs having decent income and able to present proofCustomized8.25% OnwardsAs per bank’s normUp to 20 years
Car LoanSalaried 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.
7.05% OnwardsAs per bank’s norm
Up to 6 years
Loan Against PropertyIndividuals 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.
12% p.a.As per bank’s norm
Up to 10 years
Business LoanWell established business entities earning profit
10.60% - 13.10% p.a.As per bank’s norm
Up to 7 years
Gold LoanIndividuals and business entities₹ 50,000 to ₹ 50,00,0009.85% p.a. -10.10% p.a.0.50% of the loan amount, subject to minimum of ₹ 100Continuation of facility based on annual review
Education LoanThe 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.
Up to 15 years
Fixed DepositAn individual either solely or jointly
A minor jointly with a major
Joint Stock Company
Partnerships Firms
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 NameDocuments
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 LoanApplication 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 LoanDuly filled Application form
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 PropertyApplication 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 LoanProof 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 LoanFor 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 DepositProof 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


Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%