Personal Loan

V CASH-personal loans for salaried class

Purpose:

For meeting short term credit need of the applicants for medical expenses,marriage,purchase of consumer durables etc..

Eligibility

  • Salaried persons/ Pensioners

AGE LIMIT:

Individuals- aged above 21 years and having minimum left over service of 2 years

Pensioners - aged not more than 72 years and drawing pension through Vijaya Bank.

QUANTUM

Salaried Class - 18 times of last net drawn salary subject to maximum Rs.10.00 lakhs

Pensioners     - 18 times of average net pension actually credited during last 6 months subject to  maximum of Rs.2.00 lakhs.

Rate of Interest:

Click Here for Rate of Interest

REPAYMENT PERIOD

  • 60 Equated Monthly Instalments.

GUARANTOR (for pensioners) (Others)

  • Spouse should be invariably taken as a guarantor unless either of them is not alive or legally separated from each other ,or suitable third party with good net worth acceptable to the bank.
  • Spouse guarantee waived, however 3rd party guarantee is required

PRESANCTION DOCUMENTS

  • Latest salary certificate of the applicants. Salary of the proposed borrower is credited to his bank account maintained with us at least for a minimum period of 6 months prior to the loan.

 

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