Toll Free No: 1800 425 5885 FAQ |  Careers Career

Vijaya Home LoanEMI CALCULATOR  

Purpose

  •  Purchase/Construction of House/Flat.
  •  Renovation/Improvement of House/Flat.
  •  Takeover of housing loans from other Banks/Financial Institutions.
  •  Purchase of Site/Plot and Construction of House there on.
Eligibility
 
  •  Individuals aged between 21 years and 65 years.
  •  Maximum age – 75 years i.e. age by which the loan to be fully repaid.
How much you are entitled to?
 
  • Upto 75 months’ average gross income of the applicant.
  • To enhance loan eligibility, applicant has option to add income of spouse/children, expected rent, depreciation and income from other sources.
What is your contribution?
 
  •       20% of the cost of the project excluding stamp duty, registration charges.
 
Repayment period
 
  • Maximum of 30 years or by the time the borrower attains the age of 75 years, whichever is earlier.
  • Repayment Holiday – Maximum of 18 months within the maximum repayment period.
Security
 
  • Mortgage of house/flat constructed/purchased out of our finance.
Pre-payment/Pre-closure Charges
  •  No Pre-payment/Pre-closure Charges shall be levied.
Processing Charges
  •   No Processing, Documentation and Inspection charges upto 31st March 2015.
Rate of interest*
         
  •   Base Rate+0.05 = 10.30% p.a. (floating)

Incentive

  •  100% finance for vehicle loan to the housing loan borrowers who have satisfactory track record and providing continuing security of property mortgaged to the housing loan.
Documents required
  • 2 passport size photos
  • Proof of Identification (Identity card /Passport /Voter Identification card / Driving License/AADHAAR)
  • Proof of Residence viz. tax receipt/ telephone bill/ electricity Bill etc.
  • Statement of account of the applicant/co-applicant for the past one year from their present Bankers.
  • Latest IT returns for 2 years with salary slip for the last 3 months of the applicant/Co-applicant/Guarantor in case of salaried person
  •  P & L Statement / Balance Sheet, past two years duly certified by the CA/Income tax assessment order/ IT returns, in case of Professionals/Self employed/Business person (for 3 years, if IT assessed).
  • Income Certificate issued by Revenue Authorities in case the applicant is an agriculturist.
IMPORTANT PROPERTY DOCUMENTS
  • Original Sale Deed / Partition Deed/Gift Deed/Conveyance Deed Prior title deeds (all link documents), original/certified copies.
  • Conversion Order, if any, in case of conversion of Agricultural land for Non-Agricultural purposes.
  • Encumbrance Certificate for the last 13 years from the Sub-Registrar
  • Copy of the agreement for sale/Letter of offer
  • Copy of the latest tax paid receipt (Advance IT, Property Tax, Municipal Tax etc.)
  • Copy of Share Certificate/NOC from Society/builder, wherever applicable.
  • Copy of License for construction.
  • Copy of the Approved Plan / Blue Print of the building / flat to be constructed therein.
  • Copy of the detailed estimation of the cost of construction.

Download Forms

For more details contact our nearest branch or call to our toll free No. 1800 425 5885.
 
 

 

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