Vijaya Kisan Home Loan

 

Variants of Home loans

 

I. Vijaya Kisan Home Loan

 

(Housing loan scheme for Agriculturists)

i

Purpose

 

Construction of house/flat, Purchase of residential house/flat, Expansion of pre-owned residential building, Repairs, renovation & improvement of existing residential building, Purchase of site and construction of house thereon and Takeover of housing loan from other banks/financial institutions provided property proposed to be purchased/constructed should be located in rural/semi urban areas only.

ii

Eligibility

The applicant should be an Agriculturist having minimum land holding of 5 acres of irrigated land or 10 acres of dry land and should be aged between 21 years and 65 years, provided the loan should be fully repaid on or before the age of 75 years.

iii

Loan Amount

Maximum – Rs 15 Lakhs

For repairs & renovation : Maximum of Rs.2.00 lakhs

iv

Repayment Period

Entire loan together with interest including repayment holiday if any, shall be repaid in equated monthly/half/ yearly/yearly installments within a maximum period of 30 years from the date of initial disbursement or by the time the borrower attains the age of 75 years, whichever is earlier.

v

Charges / other terms & conditions

As applicable to Vijaya Home Loan

vi

Any other relevant information:

a. Bank offers Free Classic Credit Card to all home loan borrowers (first borrower) with sanctioned limit of Rs.10.00 lakhs and above.

b.Vijaya Combo loan-Concession of 0.15% in rate of interest for car loans to all home loan borrowers with loan limit of Rs.10.00 lakhs and above.

c.0.25% interest concession on Jewel Loans (non-agriculture) availed by Home Loan customers.

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