Looking for a Small Business Loan from Lakshmi Vilas Bank?

This page contains all the information you need about Lakshmi Vilas Bank MSME loans to make a sensible and sound decision.

MSME Loans from Lakshmi Vilas Bank

One of the fast-growing private banks in India, Lakshmi Vilas Bank offers a wide range of finance products to different segments of its customer base. The bank has a wide array of funded and non-funded facilities for its retail, corporate, MSME, NRI and other customers. As of now, the bank offers four loans to small businesses.

The MSME loans from Lakshmi Vilas Bank are:

  1. Cash Credit
  2. Jewel Loan
  3. Lakshmi Loan Against Rent Receivables
  4. MSME Export Credit

We give you a brief intro to the MSME loans below. In addition, you have the option to click further and read in detail about the loans in a specific page of their own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. If information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months.

Lakshmi Vilas Bank Cash Credit

This loan helps small businesses get access to funds to meet their working capital needs. This a perfect loan scheme for businesses that need help during periods of reduced business activity or while waiting for receipt of payment after completing projects.

Lakshmi Vilas Bank Cash Credit

Why this Loan?

  • The Lakshmi Vilas Bank Cash Credit is meant for you if your business needs funds for any activity directly related to running your business on a day-to-day basis
  • This loan is repayable within 12 months and is renewable on an annual basis subject to account review

Lakshmi Vilas Bank Jewel Loan (Loan Against Gold Ornaments)

This loan helps business owners raise capital for their business needs by availing a loan against gold ornaments. The maximum loan amount sanctioned under this loan is Rs. 30 lakh.

Features of Lakshmi Vilas Bank Jewel Loan

Why this Loan?

  • The Lakshmi Vilas Bank Jewel Loan schemes are perfect for businesses that need funds for working capital, business growth and business expansion-related activities
  • The bank offers upto 66% of the value of 22-carat gold ornaments. The maximum loan amount offered by the bank under this loan scheme is capped at Rs. 30 lakh

Lakshmi Vilas Bank Loan Against Rent Receivables

This loan helps property owners finance activities directly related to running their business by offering the property as security. The rent receivable of this property is the basis for this loan. The minimum loan amount offered under this loan is Rs. 50,000.

Features of Lakshmi Vilas Bank Loan Against Rent Receivables

Why this Loan?

  • Lakshmi Business Loan Against Rent Receivables is designed to help businesses meet the expenses of renovation, expansion or alteration to the premises rented or other business/personal needs related to the property
  • This is a need-based loan which means that the loan amount sanctioned under this loan scheme is decided by the bank on a case-to-case basis

Lakshmi Vilas Bank Export Credit

This loan helps businesses pay for pre-shipment, post-shipment, and other activities right from sourcing, manufacturing or converting semi-finished into finished goods and services to importing raw materials and capital goods for export business.

Lakshmi Vilas Bank Export Credit

Why this Loan?

  • The Lakshmi Vilas Bank Export Credit is meant for you if your business needs funds for any activity directly related to your export business whether it is pre-shipment or post-shipment. Please get in touch with the bank to get a list of all activities eligible for this loan
  • The bank may extend this loan at pre-shipment as well as post-shipment stage in Indian currency and foreign currency

Important Note: Even though the bank’s website has information available for few MSME loan schemes at this time, there is a possibility that the bank may offer more loan options that are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, etc. may be decided on a case-to-case basis.

Interest Rate for Lakshmi Vilas Bank MSME Loans

  • The interest rate for the Lakshmi Vilas Bank MSME loans depends on three factors: Repo Rate, Operating Expenses and Strategic Spread (sometimes simply referred to as Spread)

Documents Needed for Individuals

  • 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: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Self-attested A4 size copies of the aforementioned documents

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • Self-attested A4 size copies of the aforementioned documents

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • Self-attested A4 size copies of the aforementioned documents

Reference Facts

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