Interest rates on Loans

Starting from August 2015 onwards,  in respect of all term loans, (other than Crop loans and V-rent loans), interest shall be charged on the last working day of the month only and not on other dates as was being done hitherto

Sl. No.  

Type of Loans & Advances  

Revised Rate of interest in percentage (%) p.a.

1  

V - CASH  

 

 

  

a) General  

 

1 YEAR MCLR+4.85%=13.50%  

b) Pensioners  

 

1 YEAR MCLR+3.85%=12.50%  

2  

Vijaya Home Loan  

 

1 YEAR MCLR =8.65%  

3  

V-Elite Home Loan  

 

1 YEAR MCLR =8.65%  

4  

Vijaya Home Loan Plus  

 

1 YEAR MCLR+3.05=11.70%  

5  

Vijay Kisan Home Loan  

 

1 YEAR MCLR = 8.65%  

6  

Vijaya Top-Up Loan  

 

 

  

a) Secured  

 

1 YEAR MCLR+3.05%=11.70%  

  

b) Unsecured  

 

1 YEAR MCLR+4.05%=12.70%  

7  

V - Wheels  

 

 

  

a) V-Wheels-4 wheelers  

 

1 YEAR MCLR+0.80%=9.45%  

  

b) V-Wheels-2 wheelers  

 

1 YEAR MCLR+3.00%= 11.65%  

8  

V- Combo   

(Vehicle         loan  for  Home  customers)  

Loan  

1 YEAR MCLR+0.65=9.30%  

9  

V-Vehicle  

 

1 YEAR MCLR+2.35=11.00%  

10  

V-Cab  

 

1 YEAR MCLR+2.35=11.00%  

11  

Small Road Transport Operators (S

RTO)  

  

a) Upto and inclusive of Rs.25.00 Lakh  

1 YEAR MCLR+2.35%=11.00%  

  

b) Above Rs.25.00 Lakh  

1 YEAR MCLR+2.60%=11.25%  

12.  

Education Loan   

 

12a.  

IBA Model Education Loan Scheme f

or Higher Education*         

  

a) Amount upto & Inclusive of Rs.4.00

Lakhs  

1 YEAR MCLR + 2.00% = 10.65%  

  

b) Above Rs.4.00 Lakhs upto & inclusive of Rs.7.50 Lakhs  

1 YEAR MCLR + 2.00% = 10.65%  

 

c) Above Rs.7.50 lakhs  

1 YEAR MCLR + 1.85%  = 10.50%  

   

d) Students admitted to Top Rated

Institutions  

1 YEAR MCLR + 0.80% =  9.45%  

Click Here for accessing the Interest Rates for all our Loan Products

Vijaya Bank announces introduction of Marginal Cost of Funds based Lending Rate (MCLR) 

Please click here for MCLR Rates effective from 7th February, 2017.

Please click here for MCLR Rates effective from 10th January, 2017.

Please click here for MCLR Rates as on 28th December, 2016.

Please click here for MCLR Rates as on 11th November, 2016.

Please click here for MCLR Rates as on 17th October, 2016.

Please click here for MCLR Rates as on 21st September, 2016.

Please click here for MCLR Rates as on 18th August, 2016.

Please click here for MCLR Rates as on 6th July, 2016.

Please click here for MCLR Rates as on 4th June, 2016.

Please click here for MCLR Rates as on 4th May, 2016.

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