Empowering communities since 1973, The Vijay Co-Operative Bank Ltd. is dedicated to serving the needs of its members.
Loan Interest Rates
Rate of Interest Effective Date : 01-May-2024
| LOAN INTEREST RATES | ||
| Rate of Interest Effective Date : 01-May-2024 | ||
| Loan Type | Rates | Margin |
| Vehicle Loan (Personal Use) | ||
| Two Wheelar | ||
| Credit Score - 751 and Above | 9.95% | 20% |
| Credit Score - 651 and Above | 10.95% | 20% |
| Credit Score - 501 and Above | 11.95% | 20% |
| Credit Score - 501 and below | 13% | 20% |
| Four Wheelar Up to Rs.25 Lacs | 8.15% | 20% |
| Four Wheelar | 8.50% | 20% |
| Old Vehicle (Four Wheelar) | 13% | 50% |
| Commercial Vehicle | ||
| Credit Score - Up to 600 | 11% | 30% |
| Credit Score - 600 and Above | 10% | 30% |
| Credit Score - 700 and Above Note :- With UnderTaking / Mortgage | 9.75% | 30% |
| Housing Loan | ||
| Up to Rs.25 Lacs (The total price of the house is Rs 45/- Lakh or less) | ||
| Credit Score - 750 and Above | 8.25% | 20% |
| Credit Score - 650 and Above | 8.75% | 20% |
| Credit Score - Up to 650 | 9.25% | 20% |
| Up to Rs.35 Lakh (The total price of the house is Rs 45/- Lakh or less) | ||
| Credit Score - 750 and Above | 9.75% | 20% |
| Credit Score - 650 and Above | 10.25% | 20% |
| Credit Score - Up to 650 | 10.75% | 20% |
| Rs.35 Lakh to Rs.140 Lakh (The total price of the house is Rs 45/- Lakh Above) | 13% | 20% |
| Housing / Extension / Renovation | 8.50% | 30% |
| Furniture - Fixtures Loan (Up to Rs.10 Lakh) | 9.50% | 25% |
| Commercial Property Purchase (shop /office/ shed/ Godown) | ||
| Up to Rs.25 Lakh | 8.95% | 25% |
| Max Above Rs.25 Lakh | 9.95% | 25% |
| Mortgage Loan (Specific Business Purpose) | ||
| Up to Rs.25 Lakh | 9.95% | 50% |
| Above Rs.25 Lakh | 10.95% | 50% |
| Mortgage Personal Loan | ||
| Up to Rs.2 Lakh | 13% | - |
| Rs.2 Lakh to Rs.5 Lakh | 13% | - |
| Double Mortgage Cash Credit | ||
| Rs.25 Lakh and Above | 10.50% | 50% |
| Business & Industries | ||
| Hypothecation Cash Credit | - | - |
| Up to Rs.10 Lakh(Against stock+Book Debts) | 10.50% | 40 To 50% |
| Above Rs.10 Lakh(Against stock+Book Debts) | 9.50% | 40 To 50% |
| Machinery Loan | - | - |
| Up to Rs.25 Lakh | 8.45% | 25% |
| Above Rs.25 Lakh | 8.95% | 25% |
| Working Capital-Term Loan | - | - |
| Up to Rs.25 Lakh | 8.45% | 25% |
| Above Rs.25 Lakh | 8.95% | 25% |
| Secured Overdraft | - | - |
| Up to 50 % of property value(Specific Business Purpose) | 13% | 50% |
| Professional Loan(Only For Professional Person) | ||
| Up to Rs.25 Lakh | 7.95% | - |
| Above Rs.25 Lakh | 8.50% | - |
| Solar Panel Rooftop | ||
| Residence (Max Up to Rs.10 Lakh) | 7.95% | 25% |
| Commercial | 8.95% | 25% |
| Education Loan | ||
| Up to Rs.20 Lakh | 7.95% | 25% |
| Above Rs.20 Lacs to Rs.25 Lakh | 8.45% | 25% |
| Above Rs.25 Lakh | 8.95% | 25% |
| Builders Term Loan | ||
| Builders & Developers | 13% | 50% |
| Unsecured Loan | ||
| Social and other Purpose (Up to Rs.4 Lakh) | 15% | - |
| Advances Against Goverment Security | ||
| Against N.S.C, N.S.S, K.V.P,L.I.C Policy Etc | 7.95% | 20% To 50% |
| Overdraft Against Term Deposit | ||
| Fixed Deposit/Cash Certi. | 1% Above F.D.Rate | 10% |
| Third party Fixed Deposit | 2% Above F.D.Rate | 10% |
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