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Types of Home Loans offered by Vijaya Bank

Buying a home is a one-time investment and with rising inflation, buying a home entirely with savings will be difficult and that’s when Home Loans come to your rescue.<br>

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Types of Home Loans offered by Vijaya Bank

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  1. Types of Home Loans offered by Vijaya Bank

  2. 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 that’s when Home Loans come to your rescue. Home loans are given mainly for Construction/Purchase of flat/home Expansion/Repair of the home/flat

  3. Types of Home loans by Vijaya Bank VijayaMangala Vijaya Top Up Loan Vijaya Home Loan Plus V Combo Loan Scheme V Elite Home Loan VijayaKisan Home Loan

  4. VijayaMangala Purpose: VijayaMangala 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.

  5. 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.

  6. 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.

  7. 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).

  8. 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.

  9. VijayaKisan 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.

  10. 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 bankingand many more… For details, visit: https://www.vijayabank.com

  11. THANK-YOU

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