Lakshmi Vilas Bank Noida
Last Updated : March 16, 2017, 9:24 a.m.
About Lakshmi Vilas Bank
Lakshmi Vilas Bank is a sound and dynamic banking entity that provides financial services to the people across the nation. It is one of those renowned banks that trace its roots in the colonial India. It was established in the year 1926 under the leadership of Shri V.S.N. Ramalinga Chettiar. The objective was to help the people occupied in trading business, industry and agriculture. The bank expanded its area of function and included consumer banking products along the corporate banking products. It even provides finance, insurance, investment banking, mortgage loans, private banking and wealth management products to satisfy the banking needs of the people. It timely delivers a solution for all the financial problems and helps people overcome their grievances. It has spread its branches throughout the country which was earlier limited to the land of Karur. The bank has a total number of 481 branches and 932 ATMs. The POS machines are deployed at various merchant establishments. The bank continuously modifies its way of operating. It has invested a great amount in technology and offers services on a robust technologically advanced platform. All the products and services are available on the net banking portal. So, apart from branches, the customer can avail the benefit of products and services online.
Address of Lakshmi Vilas Bank Branches in Noida
The complete address, IFSC Code, MICR Code and customer care details of Lakshmi Vilas Bank branches located in Noida is mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Gautham Buddha Nagar | B-12, Sector-16, Noida, Gautham Buddha Nagar Dt. Uttar Pradesh - 201 301 | LAVB0000504 | 110056004 | 0422 - 2676027 |
Products Offered by Lakshmi Vilas Bank in Noida
Lakshmi Vilas Bank provides a wide array of banking products and services under the section of loans and deposits to help the customers overcome their financial grievances. Through it’s nationalized presence it caters the needs of all citizens of the country. In Noida, 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 details of the products are as follows:
| 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 |