NEWS & ADVICE : HOME LOANS
Vijaya Bank reduces home loan rates
By Joseph Samson
May 13, 2013
Print    Email    RSS   

The public sector lender, Vijaya Bank has lowered its interest rates on housing loans.

The bank, in a press release said that it will increase retail lending and give emphasis on home loan portfolio; bank has launched a ‘Summer Bonanza Special Campaign' running up to June 2013.

The rate of interest on home loans has been cut up to the extent of 75 basis points in certain slabs.

The Processing and documentation charges have been fully waived off from the home loan portfolio. Maximum repayment period is increased from 25 years to 30 years.

For loan amount less than Rs 75 lakh, rate of interest linked to base rate (floating) is 10.25 per cent per annum and EMI per lakh is Rs 896.

For loans up to Rs 75 lakh and above, rate of interest linked to base rate (floating) is 10.50 per cent per annum and EMI per lakh is Rs 915.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #6
Home Loan Agreement: An important aspect...
Fixed or floating interest rate home loan:...
NRI Banking in India
The home loans interest rate story: The...


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive