Vijaya Bank- V-Professional
Purpose of Loan:
Loans for the purpose of purchasing of equipments / vehicles
for business, repairing or renovating the existing equipments and / or
acquiring and repairing business premises or for purchasing tools and
/ or for working capital requirements to eligible professionals to set
up practice / business in rural / semi urban centers.
Eligibility:
Medical practitioners including dentists, Allopathic
doctors, Ayurvedic doctors, Homeopathic doctors, Unani doctors, Chartered
Accountants, Cost Accountants, lawyers, Engineers, Architects, Surveyors,
Qualified Construction contractors, Management consultants, Lab technicians,
Chemists & Druggists etc., who are not in regular employment of any
employer or any person trained in any other art or craft who hold a degree
or diploma from any institution established, aided or recognized by Government
are eligible under the scheme to set up their practice / business activity.
Quantum of Loan:
Need based 90% (80% in case of vehicles) of the project
cost (inter alias consisting of fixed assets and working capital requirement
like rent on business premises, vehicle for business purpose) etc., subject
to a maximum of Rs.15.00 lakh.
Rate of Interest:
Margin:
The margin may be even by way of Term Deposits of our Bank
/ NSC etc./Surrender value on Life Insurance Policies etc., either in
the name of the applicant or the guarantor.
Repayment:
Entire loan has to be repaid with interest in not more than
60 equated monthly installments with maximum repayment holiday of 6 months.
For more information: Website
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Vijaya Bank- V-Rakshak
Purpose of Loan:
To meet the credit needs of the Defense Personnel (serving/retired)
for purchase of consumer durable/ motor vehicles, for meeting any type
of household expenses such as repairs/ renovations of the house, educational
/ marriage/ medical expenses/ family functions, etc/ traveling expenses
in India and abroad, etc.
Eligibility:
-
Defense Personnel above the age of 21 years are eligible.
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All retired and working Defense Personnel not more than
65 years of age.
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Pension/ salary should be routed through the account
with our Bank.
Quantum of Loan:
25 times of the last drawn pension / net salary with
a maximum ceiling of Rs.2.50 lakh. [Total EMI of the proposed loan/s and
existing loan/s availed from our Bank/ others should not exceed 60% of
the gross salary/ pension (receivables) ensuring 40% take home salary/
pension].
Repayment of Loan:
Repayable in maximum of 60 EMI (subject to age ceiling).
For more information: Website
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