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INTEREST RATE ::

 
Revision in Rate of Interest on Loans and Advances w.e.f. 10/10/2022
 
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


 
 
 
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