Types of Home Loans offered by Vijaya Bank

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Types of Home Loans offered by Vijaya Bank
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Need for Home loans

• Buying a home is a one-time investment and with
  rising inflation, buying a home entirely with
  savings will be difficult and thats when Home
  Loans come to your rescue.
• Home loans are given mainly for
• Construction/Purchase of flat/home
• Expansion/Repair of the home/flat

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Types of Home loans by Vijaya Bank

• Vijaya Mangala
• Vijaya Top Up Loan
• Vijaya Home Loan Plus
• V Combo Loan Scheme
• V Elite Home Loan
• Vijaya Kisan Home Loan

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Vijaya Mangala

• Purpose Vijaya Mangala is approved for any
  purpose other than speculative.
• Eligibility
• Wife of the home loan borrower.
• In case home loan is taken jointly by husband and
  wife, then wife is eligible for the loan.
• Repayment Max 60 months and it should not be
  greater than existing home loan.
• Loan Amount Maximum loan of Rs. 3 Lakhs OR 10
  of Home Loan limit sanctioned, whichever is lower.

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Vijaya Top Up Loan

• Purpose Vijaya Top Up Loan is approved for any
  purpose other than speculative.
• Eligibility
• For existing home loan borrowers or to their
  spouse.
• Min Home loan availed should be Rs. 10 Lakhs and
  regular repayment of existing loan should be min
  of 1 year.
• Repayment Max 60 months.
• Loan Amount 75 of the amount repaid in Home
  Loan with min being 1 Lac and max 10 Lakhs.

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Vijaya Home Loan Plus (Overdraft)

• Customers can avail either Vijaya Home Loan Plus
  or Vijaya Top Up Loan, not both.
• Purpose Overdraft facility for home loan
  borrowers for any purpose other than speculative.
• Eligibility Existing home loan borrowers (amount
  equal to or more than 5 Lakhs) with regular
  repayment for the past 1 year at least.
• Loan Amount 75 of the amount sanctioned in
  existing Home Loan with min being 1 Lac and max
  10 Lakhs.
• Repayment This loan should be reviewed /renewed
  annually In the event of Home loan closure, this
  loan should be closed simultaneously.

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V Combo Loan Scheme

• Purpose Car loans are provided at concessional
  Interest rate to Housing loan borrowers.
• Eligibility
• Purchase of brand new four wheeler only financed
• Home loan borrowers with sanctioned limit more
  than Rs. 10 Lakhs
• Repayment Should be equal to or less than the
  existing home loan repayment period (max of 84
  months).

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V Elite Home Loan

• Purpose Home loan with additional 25
  eligibility in quantum of loan. Available only in
  metro cities Delhi, Mumbai, Kolkata, Chennai,
  Bengaluru, Hyderabad, Ahmedabad and Pune.
• Eligibility
• Min monthly salary intake of the applicant
  (alone/joint) should more than Rs.40,000/-
• Applicant age should be between 21-40 years
• Loan Amount 125 of maximum eligible loan amount
  with min being Rs 25 Lakhs and max being subject
  to eligibility.

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Vijaya Kisan Home Loan

• This scheme is for Agriculturists.
• Purpose Construction/Purchase/Expansion of
  house/flat provided the proposed site is located
  in rural/semi-urban area.
• Eligibility
• Applicant should be an agriculturist having min
  of 5 acres of irrigated land or 10 acres of dry
  land.
• Age between 21 - 65 years.
• Loan Amount Max of Rs. 15 Lakhs and for
  repair/renovation max of Rs.2 lakhs.
• Repayment 30 years from the date of initial
  disbursement or by the time the borrower attains
  the age of 75 years, whichever is earlier.

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VIJAYA BANK

• Vijaya Bank is a PAN India Institution, serving
  diverse sectors of the society.
• The Bank offers a bouquet of innovative and
  attractive products and services to its
  customers. It has also incorporated a host of
  latest Digital Banking products, to provide the
  best services to its customers.
• Digital Banking services are
• VPAYQWIK
• Mobile Banking
• Net Banking
• Vijaya UPI
• Twitter banking and many more
• For details, visit https//www.vijayabank.com

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THANK-YOU