Lakshmi Vilas Bank Personal Loan Kochi - IFSC, Rates February 2024, EMI, Eligibility

Lakshmi Vilas Bank Personal Loan Kochi

About Lakshmi Vilas Bank Personal Loan in Kochi

With the vision to emerge as a sound and dynamic banking entity, Lakshmi Vilas Bank was incorporated on November 3, 1926. It was founded by a group of seven businessmen of Karur under the leadership of V.S.N. Ramalinga Chettiar. The objective behind the establishment of the bank was to satiate the banking and financial need of the people in and around Karur who were indulged in trading, industrial and agricultural activities. It has a financial solution for each need of its customer. Refer to the personal loan details provided below and apply now for instant approval.

Lakshmi Vilas Bank Personal Loan in Kochi at a Glance

Interest Rate
Loan amount
Minimum - ₹ 10,000
Maximum - No cap
Tenure Up to 5 years
Processing fee
0.25% of the loan amount with a minimum of ₹100 for SODs & ₹50 for demand loans
Pre- payment charges
As per bank's norm

Eligibility Criteria

The Lakshmi Vilas Bank provides personal loan after evaluating individual’s profile. It has set certain criteria to determine the suitability. The benefit of personal loan can be availed by individuals including persons coming together to avail the loan in joint names holding National Savings Certificates(NSCs) and Kisan Vikas Patras ( KVPs) & LIC policies in their names.

Documentation Checklist

In order to avail the benefit of personal loan, the individual needs to submit the following documents:

  • Duly Filled Application Form with 2 Passport Size Photographs
    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
    Statement of Bank Account/ Pass Book for last six months
  • Personal Assets and Liabilities statement
  • Signature Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License / Passport
  • P&L A / C and B / S for the last 2 years certified by CA by Non-Salaried

Also, refer Personal Loan Kochi

Address of Lakshmi Vilas Bank Branches in Kochi

The complete address, IFSC Code, MICR Code and customer care details of Lakshmi Vilas Bank branches located in Kochi are mentioned in the table below:

Branch Name
Complete AddressIFSC CodeMICR CodeContact Number
XXXIX - 818 Chittoor Road, “karthika” 1st Floor, Ernakulam Cochin - 682016 KeralaLAVB00002016820560020484-2376578/ 1800-425-2233

  • 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%