Vijaya Bank Home Loan
Home Loan Rates 2017 145 views
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About Vijaya Bank Home Loan
A public sector bank with its corporate office in Bangalore, India, Vijaya Bank is a name you can rely on. Being of the nationalised banks in India, best known for offering the wide range of personalized and online banking services related to current and savings banks account, cards, loans and mortgages through its various delivery channels. With a network of more than 2031 branches throughout the country, there is no denying the fact that this lender is here to stay. Founded in the year 1931 with a vision and mission to bring a revolutionary change in the Indian banking industry, this bank always delivers the best.
Among all its products, if we talk about home loan, this bank offers this credit facility to those who are in urgent need of funds/cash to built a beautiful home. The bank offers you this credit facility at attractive interest rate along with flexible tenures of up to 30 years. In fact, you also need to pay the minimal fees and charges along with fastest approval and hassle-free process. Moreover, the best thing about the bank is the fact that it offers you this credit facility instantly without much of a hassle. It ensures that your dream of buying a home can easily be fulfilled by availing this credit facility that comes with multiple benefits and features to choose from.
Well, if you are interested in availing the home loan from Vijaya Bank, all you need to do is just go through this page further. So, read this page below to find out more about this product.
Vijaya Bank Home Loan Interest Rates
|Loan Amount||₹ 1 Lakh-No Limit
|Processing Fee||0.50 % of the loan amount
Eligibility Criteria for Vijaya Bank Home Loan
In case you are willing to avail a home loan from Vijaya Bank so as to fulfill your wish of owning a dream home, there are certain eligibility norms that you need to know. Yes, you should meet these norms to become eligible for this credit facility. In order to know about the same, just go to the page below.
- An applicant should be an Indian resident
- The minimum age of the applicant should not be less than 21 years.
- The maximum age of the applicant should not be more than 65 years at the time of loan maturity.
Vijaya Bank Home Loan EMI Calculator
Now knowing your monthly installments have become much easier as an EMI Calculator is here to help. Yes, this time-saving and smart tool allows you to know your monthly installments in the best manner along with saving a lot of time as well. This smart device works on just one simple algorithm, i.e. you just need to feed few credentials into the device and it will give the results to you in the least time frame.
All you need to do is just feed the credentials such as:
- Interest Rate
- Loan Amount
With the help of feeding these values into the device, it would be easier for you to know your monthly installments, interest outgo and total amount payable in the best possible way. You can expect the results in just a fraction of second from this tool. It’s functionalities and algorithm have been thoughtfully designed in such a manner. However, for your better understanding, we have taken the help from an example below…
Suppose, Ashish Sharma, a 30 year-old Senior Sales Executive is looking to avail a home loan of ₹20 Lakh. And, the best part is that the bank has agreed to offer him the same loan amount at an interest rate of 8.65% per annum for a tenure of 10 years. Now what would be the EMIs, interest outgo and total amount payable from his pocket? Know the same by looking at the table below.
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Total Interest Amount
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|Identity Proof||Aadhar Card/ Passport /Pan Card/ Voter ID Card /Driving License||Aadhar Card/ Passport /Pan Card/ Voter ID Card /Driving License
|Address Proof||Passport/Aadhar Card /Utility Bill||Passport/Aadhar Card /Utility Bill
|Residence Ownership Proof||Property Documents/Maintenance Bill/Electricity Bill||Property Documents/Maintenance Bill/Electricity Bill
|Income Proof||Salary certificate for the last 6 Months to be submitted along with certificate from the Employer||Latest ITR/Income Statement to be submitted|
|Bank Statement||Latest 1 year statement where your salary is getting credited||Latest 1 year statement where your salary is getting credited
|Job Continuity Proof||Current Employment Certificate /Current Job Appointment letter (if it is more than 2 years) /Experience Certificate (including your previous job certificate or appointment and relieving letter)||NA|
Features & Benefits
- Simple Documents
- Quick Processing
- Easy Repayment Options
- Hassle-free Process
- Fastest Disbursals
- Doorstep Service