VIJAYA HOME LOAN PLUS

Overdraft facility for home loan borrowers

1.

Scope of the Scheme

The Scheme has been devised taking into account the requirements of housing loan borrowers with prompt repayment track record to meet their genuine personal/professional/business needs.

2

Purpose

Any purpose other than for speculative purposes.

(Declaration should be obtained regarding purpose of loan along with application)

3.

 

 

Eligibility

 

 

a) Our Housing Loan borrowers- Standard Asset with satisfactory track record at least for the past one year.

b)  Minimum Housing loan amount availed should be Rs.5.00 Lacs.

4

Overdraft amount

Minimum: Rs.1.00 Lakh

Maximum:Rs.10.00 Lakh

7

Security

Continuing security of house property already mortgaged to us for existing Housing Loan a/c.

8

Guarantee

Guarantee from existing Housing Loan guarantor if obtained. Otherwise 3rd party guarantee may not be insisted.

9

Rate of Interest

Click Here for Rate of Interest

Monthly interest is to be serviced as and when debited

10

Review/renewal  of Overdraft Facility

The overdraft facility should be reviewed /renewed annually. Enhancement at the time of renewal may be considered if eligible subject to ensuring compliance of item no. 4 above. However, in the event of closure of Housing Loan , the Over Draft limit should be closed simultaneously.

11

Charges

a) Processing Charges: Rs.500 + Service Tax as applicable.

b) No Inspection Charges.

c) Documentation Charges: Rs.250 + ST as applicable

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