About Us
Site Map
 
 
Follow Us :
:: BRANCH LOCATORS

:: ATM LOCATORS

:: ABOUT US
:: DEPOSITS
:: LOANS
:: CHARGES
:: INTEREST RATE
:: EMI CALCULATORS
:: CORE BANKING SOLUTIONS
::  SMS BANKING SOLUTIONS
:: RTGS / NEFT
:: AADHAAR
::BOARD OF DIRECTORS
:: SHAREHOLDERS CORNER
:: ANNUAL REPORTS
:: PHOTO GALLERY
:: AWARDS
:: TENDER
:: AUCTION
:: DOWNLOAD FORMS
:: RUPAY DEBIT CARD
:: UNCLAIMED DEPOSIT SCHEME
 

INTEREST RATE ::

 
Revision in Rate of Interest on Loans and Advances w.e.f. 15th November, 2016
 
No. TYPES OF ADVANCES Revised ROI (% P.A.)
1 PERSONAL LOANS (Consumer/Surety Loans)
a. up to Rs. 2.00 Lakhs 13.50
b. Above Rs.2.00 lakhs up to Rs.5.00 Lakhs 14.50
c. Personal loan repayment through ECS or Salary deduction (Under Sec.49 of M.C.S. Act) 12.00
d. Consumer Durables 13.00
2a GOLD LOANS (Including Bullet payment) Max. Limit 60% of valuation 9.25
2b GOLD LOANS - OVERDRAFTSMax. Limit 60% of valuation 9.50
3a LOAN/OD AGAINST TERM DEPOSIT RECEIPTS (Our Bank's Fixed Deposit)

Individual 0.50% more
Trust/Company/Firm/Society 0.50% more

3b LOAN/OD AGAINST THIRD PARTY TERM DEPOSIT RECEIPTS (Our Bank's Fixed Deposit only) Advances against third party FDR: 1.50% over deposit rate
4 LOAN/OD AGAINST GOVT. SECURITIES 12.00
5 BUSINESS LOAN & ADVANCES  
a
(INDUSTRIAL LOAN) for Industries & Manufacturing Unit
Up to Rs. 2.00 lakh
Above Rs. 2.00 lakh & Up to Rs. 5.00 lakh
Above Rs. 5.00 lakh & Up to Rs. 10.00 lakh
Above Rs. 10.00 lakh up to Rs. 100.00 lakhs
Above Rs. 100.00 lakh
Term Loan CC/OD
   
12.50 12.50
12.50 12.50
12.50 12.50
12.00 12.50
12.25 12.50
5b
BUSINESS LOAN & ADVANCES
for Trading & Service Industry
Up to Rs. 5.00 lakh
Above Rs. 5.00 lakh & Up to Rs. 10.00 lakh
Above Rs. 10.00 lakh
Term Loan CC/OD
   
12.50 12.50
12.50 12.50
12.50 12.50
6 MORTGAGE LOAN (IPL Scheme) Repayment period Upto 5 Years - 12.50
Repayment period Above 5 years to 7 Years - 13.00
Repayment Period Above 7 years to 10 years - 13.50
7 HOUSING LOAN - (HOME SWEET HOME)

10.00

  HOUSING LOAN - (Only for Working and self employed women no Men Co-applicant) 9.50
8 HOUSE REPAIRS (Max. loan upto Rs.2.00 Lakhs) 12.50
9
EDUCATION LOAN (VIDYA)
up Rs.10.00 Lakhs
Above Rs.10.00 Lakhs
 
10.00
10.50
10 VEHICLE LOANS  
a. Two Wheeler for Personal Use 11.00
b. Four Wheeler for Personal Use  
i Where Loan Repayment period upto 3 years 9.50
ii. Where Loan Repayment period above 3 years upto 5 years 9.50 - up to 31st March, 2017
c. Second hand (used) Vehicle (Repayment Period up to 3 years) 13.00
d. VEHICLE LOANS - (For Commercial Use) 3 Wheeler/ 4 Wheeler 12.50
e. Second hand (used) Commercial Vehicle (Up to 3 years old repayment tenure Max. 3years) 13.50
     
11 LOANS TO PROFESSIONALS (ADVOCATE, ARCHITECT, CHARTERED ACCOUNTANT etc. Repayment Period upto 5 years: 11.00
Repayment Period above 5 years & to 7 years: 11.50
Above 7 years to 10 years: 12.00
12 LOANS TO DOCTORS (DOCTOR HELLO), HOSPITALS, CLINICS. 11.00
13 BUSINESS LOANS TO PHARMA DISTRIBUTORS (Term Loan, Cash Credit / Overdraft Limit) 11.50
14 Agricultural Loans

11.00

15 BUILDERS & DEVELOPERS / CRE Loans 14.00
16 SUHANA SAFAR LOAN SCHEME 12.00
17 FOR HOTEL / RESORTS 14.00
18 LEASE RENT DISCOUNTING (LRD) 13.00
Notes:
1 Credit Ratings for the Borrowers: Credit Rating will be applicable to existing as well as new borrowers where Cash Credit / Overdraft facility of Rs.100.00 Lakhs and above singly or jointly.
2 Credit Rating of existing borrower's account will be carried out and completed by 31st December every year on the basis of Audited Profit & Loss Account and Balance Sheet as 31st March of the preceeding year.
3 In case the limit is sanctioned to SME Units for Fresh Term loan 0.25% interest rate will be less than applicable rate of interest and in case the limit is sanctioned to SME Units for Fresh & existing CC/OD interest rate will be 0.25% less than applicable rate of interest.
4 In case of Consortium Advance Bank will match ROI as per Lead Bank.
5 In case of take over of loan from other banks, either Bank will match rate of interest or charge 0.50% less, depending upon the credit rating of the customer and the latest financial indicators and CIBIL Ratings.
6 TOL Rate of Interest will be 2.00% p.a. over and above applicable interest rate in the account.
7 In case of Mortgage loans to individuals maximum loan amount shall be Rs.100.00 Lakhs.
8 Revised Rate of interest on Exisitng OD / CC will be made applicable at time of renewal only.
Asst. General Manager (Credit)
Chief Executive Officer


 
 
 
Copyright © 2012 Vasai Vikas Sahakari Bank Ltd. All rights reserved.
Powered by CGS Infotech Ltd.