Monday, October 21, 2019

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.


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:

  • Rural/ Semi-urban :   BPLR+0.50= 12.75% 

  • Others :   BPLR + 1.50= 13.75%


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.


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

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.


  • Defense Personnel above the age of 21 years are eligible.

  • All retired and working Defense Personnel not more than 65 years of age.

  • 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