| No. |
TYPES OF ADVANCES |
Revised ROI (% P.A.) |
| 1 |
PERSONAL LOANS (Consumer/Surety Loans) |
| a. |
up to Rs. 2.00 Lakh (VVSB Insta Personal Loan Scheme) |
12.00 |
| b. |
Above Rs.2.00 lakhs up to Rs.5.00 Lakhs |
12.50 |
| |
Concession in interest rate by 0.25% on card rates if Personal CIBIL is 700 and more.
In case of Personal CIBIL Score less than 600 additional interest of 0.50% above the card rate. |
| c. |
Personal Loan Repayment Through ECS/salary account with our Bank/ Salary Deduction (Under Sec.49 Of M.C.S. Act) |
12.00
(In Case Of company having more than 100 Employees)
(In Case Of Salary Deduction Letter Giving Confirmation Of Salary Deduction To Be Obtained From Company) |
| VVCMC Permanent Employees - 11.00 |
| d. |
Consumer Durables (New purchase) |
12.00 |
| 2 |
GLITTERING GOLD LOAN SCHEME (Including Bullet payment) / OVERDRAFTS |
7.50 |
| 3 |
SUN SOLAR LOAN |
8.25% - Individual Use
8.50% Commercial Use
|
| 4a |
LOAN/OD AGAINST TERM DEPOSIT RECEIPTS (Our Bank's Fixed Deposit) (Minimum Margin 10%) |
Individual 0.50% More |
| Trust/Company/Film/Society 0.50% More |
| 4b |
Loan/OD against Third Party Term Deposit Receipts (Our Bank's Fixed Deposit Only) |
Advances Against Third Party FDR: 1.00% Over Deposit Rate |
| 5. |
Loan/OD against Govt. Securities |
11.50 |
| 6. |
BUSINESS LOAN & ADVANCES |
| a |
BUSINESS BOOSTER LOAN SCHEME - Up to Rs. 25.00 Lakh only |
8.50% p.a. |
| b |
| (INDUSTRIAL LOAN) FOR INDUSTRIES & MANUFACTURING UNIT |
| Up to Rs. 100.00 lakh |
| Above Rs. 100.00 lakh |
|
| NEW TERM LOAN |
CC/OD (In case of Existing & New) |
| 10.00 |
10.50 |
| 9.50 |
10.00 |
|
| c |
| BUSINESS LOAN & ADVANCES FOR TRADING & SERVICE INDUSTRY |
| Up to Rs. 10.00 lakh |
| Above Rs. 10.00 lakh |
|
| TERM LOAN |
CC/OD |
| 10.00 |
10.50 |
| 10.25 |
10.50 |
|
| 7 |
MORTGAGE LOAN (LAP) |
Repayment period Upto 5 Years –8.75
Repayment period Above 5 years to 7 years - 9.25
Repayment Period Above 7 years to 10 years -9.50
Concession in Interest Rate
i. Personal CIBIL Score 700 and more, concession of 0.10% in interest rate
ii. 0.10% concession in interest rate to existing borrowers having Fund based exposure of Rs.25.00 lakh and above and past track record is satisfactory |
| 7A |
Mortgage Loan (For Education Purpose)
|
Repayment upto 5 yrs (After Moratorium Period) - 8.25
Repayment period above 5 yrs to 7 yrs (After Moratorium Period) - 8.75 |
| 7B |
Mortgage Loan - "Insta Top-up Loan Scheme" in case of existing customer |
8.50% p.a.
Repayment Period upto 7 years |
| 8 |
HOUSING LOAN - (HOME SWEET HOME) (RERA Approved) & Resale of Flat (OC Bldg) |
6.65%* |
| a |
Upto Rs.35.00 Lakh (only for flats) |
7.25 |
| b |
Above Rs. 35.00 Lakh (only for flats) |
7.60
CONCESSINS
I. Personal CIBIL Score 700 and more, concession of 0.10% in interest rate
II. Permanent employees of Muncipal Corpn, State Govt, Central Govt, Public Sector Undertaking concession of 0.25% in interest rate
III. Loan to value (LTV) 75% and less, concession of 0.15% in interest rates
IV. 0.05% concession to Women applicant or joint owner of the property (Total concession in interest rates to be restricted to 0.25%)
V. Maximum repayment period of 20 years to permanent employees of Municipal Corp, State Govt. Central Govt, Public Sector Undertaking or years of residual Service, whichever is less.
VI. One year Term Policy premium to be added in loan amount. The same will not be considered while calculating LTV ratio. |
| 9 |
HOUSE REPAIRS (Max. loan upto Rs. 3.00 Lakh) |
11.00 |
| 10 |
EDUCATION LOAN |
7.50 |
| 11 |
VEHICLE LOANS |
|
| a. |
Two Wheeler for Personal Use |
10 (Margin 10% on road cost) |
| b. |
Two Wheeler Electronic Vehicle
|
9.00 (Margin NIL)
(Repayment 36 months Only)
Repayment Upto Three years - 8.25
10% margin on Road cost
|
| c. |
Four Wheeler for Personal Use |
| Repayment Upto 3 years - 7.5 |
10% margin on Road cost |
| Repayment Above 3 years & upto 7 years – 8.00 |
|
| d. |
Four Wheeler Electronic Vehicle / CNG (Permanent Resident Only) For Personal Use |
| Repayment Upto Three years - 8.00 |
Margin NIL |
| Repayment Above Three years & upto 5 years – 8.50 |
|
| e. |
VEHICLE LOANS - (For Commercial Use) 3 Wheeler/ 4 Wheeler |
10.00 |
| f. |
VEHICLE LOANS - (For Commercial Use - Electric/CNG) 3 Wheeler/ 4 Wheeler |
9.50 |
| |
Concessions for Four-Wheeler loan for personal use
I. 0.10% concession in interest rate to existing borrowers having fund based exposure of Rs.50.00 lakh and above and repayment is satisfactory
II. Personal CIBIL Score 700 and more, concession of 0.10% in interest rate
III. Permanent employees of Municipal Corp, State Govt. Central Govt, Public Sector Undertaking concessions of 0.25% in interest rate
(Total concession in interest rates to be restrcted to 0.25%)
IV. 100% finance of Ex-show room cost to Permanent employees of Muncipal Corp, State Govt. Central Govt, Public Sector Undertaking. |
| 12 |
LOANS TO PROFESSIONALS
(ARCHITECT, CHARTERED ACCOUNTANT etc.) |
|
| a |
Upto Rs.25.00 Lakh |
9.25 |
| b |
Above Rs.25.00 Lakh |
9.50 |
| 13 |
HEALTH CARE LOAN SCHEME |
9.50 |
| a |
LOANS TO DOCTORS (DOCTOR HELLO), HOSPITALS, CLINICS |
9.25 |
| b |
BUSINESS LOANS TO PHARMA DSTRIBUTORS (Term Loan, Cash Credit/Overdraft Limit) |
9.50 |
| 14 |
Agricultural Loans |
8.75 |
| 15 |
BUILDERS & DEVELOPERS / CRE NEW LOANS /OD (Existing OD only) |
12.50 |
| 16 |
SUHANA SAFAR LOAN SCHEME |
8.25 |
| 17 |
FOR HOTEL / RESORTS |
11.00 |
| 18 |
LEASE RENT DISCOUNTING (LRD) |
Rent Received from Corporates – 9.75
Rent Received from Others – 10.25 |
| 19 |
BUSINESS EXPANSION LOAN (No Concession)
For Existing Customer as well as New Customer in case of Takeover |
9.75 |
| 20 |
COMBO LOAN
Electric/CNG Two Wheeler / Four Wheeler
Agriculture Equipment - Electrical or battery operated
Solar loan |
8.00
Repayment - 5 to 7 years
Loan upto 25.00 Lakh |
| Note |
FOR MSME CATEGORY LOANS |
0.25% concession in interest rate with Commercial CIBIL Score is CMR 5 & above |
