A Mortgage Loan from Lakshmi Vilas Bank to meet your financial needs

Unleash the power of your fixed assets to consolidate your debts and live a stress-free life

Lakshmi Vilas Bank Loan Against Property

This loan helps borrowers get access to funds by mortgaging their residential/commercial building or land to meet their urgent financial needs such as wedding expenses, travel expenses, medical exigencies, higher education and debt consolidation.

Features of Lakshmi Vilas Bank Mortgage Loan

Why this Loan?

  • The Lakshmi Vilas Bank Loan Against Property is meant for salaried or self-employed individuals who want to avail financial assistance by mortgaging their residential or commercial property, building or land, to meet their urgent financial needs other than for capital market, trading or speculative purposes
  • This loan can also be availed as a consolidation loan to pay off debts

Loan Amount

  • The minimum loan amount to be sanctioned under this loan scheme is Rs. 10 lakh. The maximum loan amount depends on the repayment capacity of the borrower


  • The interest rate applicable to this loan scheme is 10.20%


  • This loan must be repaid within 12 years

Margin Money (Borrower’s Contribution to Total Cost)

  • The bank charges up to 40% of the market value of the property


  • The borrower should be an Indian resident above the age of 21 years
  • Salaried individuals, self-employed professionals, partnership firms, private limited companies and public limited companies are eligible for this loan
  • The land or property should not be older than 40 years

Security Needed

  • The bank asks for minimum 167% of property value as collateral security for this loan

Processing Charges

  • The bank charges up to 1.00% of the loan amount for processing the loan

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • Lakshmi Vilas Bank Website: www.lvbank.com
  • Headquarters: Chennai, Tamil Nadu
  • Call Centre Toll-free Number: 1800 425 2233