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About Lakshmi Vilas Bank
Products Offered by Lakshmi Vilas Bank in Hyderabad
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Lakshmi Vilas Bank Hyderabad
Last Updated : March 14, 2017, 6:39 p.m.
About Lakshmi Vilas Bank
Established in 1926, Lakshmi Vilas Bank is one of the small sized old private sector banks. The bank provides a wide array of services and products for retail and commercial banking including deposits, loans, NRI services, RTGS/NEFT facility, kissan card, forex services etc. It also distributes mutual fund products and insurance products. It has a distribution tie-up with AVIVA Life Insurance and Bajaj Allianz General Insurance. It has also tied‐up with Weizmann Forex Ltd for extending Western Union Money Transfer facility. The bank has expanded its network to other states apart from Tamil Nadu, like Andhra Pradesh, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Gujarat, West Bengal, Delhi, Uttar Pradesh and Pondicherry. It has a good number of bank branches and ATMs spread across the length and breadth of the country. The head branch of the bank is situated in Chennai. It has one satellite office and eight extension counters across 15 states and one Union Territory. Through its wide network of branches and offices, the bank renders the quality service to all its customers and works towards the attainment of its objective. For its consistent performance, the bank is recognised as one of the trustworthy and reliable banking institutes in the country.
Address of Lakshmi Vilas Bank Branches in Hyderabad
The complete address, IFSC Code, MICR Code and customer care details of Lakshmi Vilas Bank branches located in Hyderabad is mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Hyderabad Main | 5 - 1 - 716/11st Floor, Bank Street P.B. No. 537, Koti Hyderabad - 500195 Andhra Pradesh | LAVB0000297 | 500056002 | 040 - 24745088 |
| Hyderabad - Service Branch | Flat No. 2 A, II Floor Samrat Complex Saifabad - 500004 Hyderabad Andhra Pradesh | LAVB0000424 | 500056001 | 040 - 23243874 |
| Secunderabad - Hyderabad | 4 - 3 - 189, M.K Street Ist Floor, Ranigunj Secunderabad - 500003 Hyderabad Andhra Pradesh | LAVB0000677 | 500056003 | 040 - 27703173 |
| Punjagutta | D. No 8 - 3 - 248/1/7/778, Nagarjuna Hills Main Road, Punjagutta, Hyderabad 500082 | LAVB0000551 | 500056008 | 1800 425 2233 |
| Signature Branch, Ameerpet | Show Room No.2, Aditya Trade Centre, Ameerpet, Hyderabad 500038 | LAVB0000121 | 500056009 | 1800 425 2233 |
| Madhapur | Plot No 2, Krithika Layout, Madhapur, Hyderabad - 500081 | LAVB0000466 | 500056010 | 1800 425 2233 |
| Hyderabad Ro | Show Room No.2, Aditya Trade Centre, Ameerpet, Hyderabad - 500038 | LAVB0000891 | 500056103 | 1800 425 2233 |
| Banjara Hills | Plot No 2, 8-2-682, /B/2A, Road Number 12, Banjara Hills, Hyderabad 500 034 | LAVB0000153 | NON-MICR | 1800 425 2233 |
| Boduppal | No 14 East Hanuman Nagar Boduppal Main Road Ghatkesar Mandal Ranga Reddy Hyderabad | LAVB0000149 | NON-MICR | 1800 425 2233 |
| A S Rao Nagar | No 1-1-262/5 A S Rao Nagar Ecil Hyderabad Telangana 500062 | LAVB0000136 | NON-MICR | 1800 425 2233 |
Products Offered by Lakshmi Vilas Bank in Hyderabad
Lakshmi Vilas Bank provides a wide array of banking products and services to turn a consumer’s experience into worthy one. To help the residents of Hyderabad overcome their financial and banking problems the bank has launched multiple products and they are as follows:
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 |