| 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) |
12.50% p.a |
| b. |
Above Rs.2.00 lakhs up to Rs.5.00 Lakhs |
13.00% p.a |
| |
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) |
11.00% p.a
|
| VVCMC Permanent Employees - 11.00% p.a |
| d. |
Consumer Durables (New purchase) |
12.25% p.a |
| 2 |
GLITTERING GOLD LOAN SCHEME (Including Bullet payment) / OVERDRAFTS |
7.75% p.a |
| 3 |
SUN SOLAR LOAN |
8.25% p.a - Individual Use
8.50% p.a 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 |
10.00% p.a |
| 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% p.a |
10.50% p.a |
| 9.50% p.a |
10.00% p.a |
|
| 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% p.a |
10.50% p.a |
| 10.25% p.a |
10.50% p.a |
|
| 7 |
MORTGAGE LOAN (LAP) |
Repayment period Upto 5 Years –9.00% p.a
Repayment period Above 5 years to 7 years - 9.50% p.a
Repayment Period Above 7 years to 10 years -10.00% p.a |
| 7A |
Mortgage Loan (For Education Purpose)
|
Repayment upto 5 yrs (After Moratorium Period) - 8.50%
Repayment period above 5 yrs to 7 yrs (After Moratorium Period) - 9.00% |
| 7B |
Mortgage Loan - "Insta Top-up Loan Scheme" in case of existing customer |
8.75% p.a.
Repayment Period upto 7 years |
| 8 |
HOUSING LOAN - (HOME SWEET HOME) (RERA Approved) & Resale of Flat (OC Bldg) |
|
| a |
Upto Rs.35.00 Lakh (only for flats) |
| CIBIL SCORE |
Revised ROI w.e.f. |
| > 800 & above |
7.30% p.a |
| > 750 to 800 |
7.45% p.a |
| > 700 to 750 |
7.55% p.a |
|
| b |
Above Rs. 35.00 Lakh to 140 Lakh(only for flats) |
| 650 to 700 |
7.65% p.a |
| > 800 & above |
7.40% p.a |
| > 750 to 800 |
7.55% p.a |
| > 700 to 750 |
7.80% p.a |
| > 650 to 700 |
8.05% p.a |
|
| |
Bank will not recover any processing fees on housing loan up to 31.12.2022. Our existing special housing loan scheme dated 01.06.2022 stands discontinued. |
| 9 |
HOUSE REPAIRS (Max. loan upto Rs. 3.00 Lakh) |
11.00% p.a |
| 10 |
EDUCATION LOAN |
7.75% p.a |
| 10A |
Mortgage Loan (For Education Purpose) |
|
| |
Repayment upto 5 Years |
8.50% p.a |
| |
Repayment periods above 5 to 7 Years |
9.00% p.a |
| 11 |
VEHICLE LOANS |
|
| a. |
Two Wheeler for Personal Use |
9.25% p.a |
| b. |
Two Wheeler Electronic Vehicle
|
9.00% p.a |
| c. |
Four Wheeler for Personal Use |
| Repayment Upto 3 years - 7.75% p.a |
10% margin on Road cost |
| Repayment Above 3 years & upto 7 years – 8.25% p.a |
|
| d. |
Four Wheeler Electronic Vehicle / CNG (Permanent Resident Only) For Personal Use |
| Repayment Upto Three years - 7.75% p.a |
Margin NIL |
| Repayment Above Three years & upto 7 years – 8.25% p.a |
|
| e |
Vehicle loans for commercial use 3 -Wheeler / 4 -Wheeler |
10.00% p.a |
| f |
Vehicle loans for commercial use (Electric CNG) 3 -Wheeler / 4 -Wheeler |
9.75% p.a |
| 12 |
LOANS TO PROFESSIONALS
(ARCHITECT, CHARTERED ACCOUNTANT etc.) |
|
| a |
Upto Rs.25.00 Lakh |
9.25% p.a |
| b |
Above Rs.25.00 Lakh |
9.50% p.a |
| 13 |
HEALTH CARE LOAN SCHEME |
|
| a |
LOANS TO DOCTORS (DOCTOR HELLO), HOSPITALS, CLINICS |
9.25% p.a |
| b |
BUSINESS LOANS TO PHARMA DSTRIBUTORS (Term Loan, Cash Credit/Overdraft Limit) |
9.50% p.a |
| 14 |
Agricultural Loans |
8.50% p.a |
| 15 |
BUILDERS & DEVELOPERS / CRE NEW LOANS /OD (Existing OD only) |
13.00% p.a |
| 16 |
SUHANA SAFAR LOAN SCHEME |
8.50% p.a |
| 17 |
FOR HOTEL / RESORTS |
11.50% p.a |
| 18 |
LEASE RENT DISCOUNTING (LRD) |
Rent Received from Corporates – 9.75% p.a
Rent Received from Others – 10.25% p.a |
| 19 |
BUSINESS EXPANSION LOAN (No Concession)
For Existing Customer as well as New Customer in case of Takeover |
9.75% p.a |
| 20 |
COMBO LOAN
Electric/CNG Two Wheeler / Four Wheeler
Agriculture Equipment - Electrical or battery operated
Solar loan |
8.50% p.a
Repayment - 5 to 7 years
Loan upto 25.00 Lakh |
