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    Vijaya Bank Home Loan eligibility

    Founded in Mangalore in 1931 by late Shri A.B.Shetty, Vijaya Bank was created as an effort particularly to encourage the farming community of Dakshina Kannada district to begin habit of banking, entrepreneurship and thrift. In 1958 the bank became a scheduled bank. During the period of 1963-68, nine smaller banks merged with the Bank resulting in the bank becoming a nation-wide enterprise. In 1980 the bank was nationalized. Today Vijaya Bank’s network consists of 50 Extension Counters, 1786 branches and 1562 ATMs across the nation. The most number of branches is however in Karnataka.

    Home loan can be availed from Vijaya Bank for the following purposes:

    • Purchase of plot and construction of a housing unit on it.
    • Renovation of flat/ house
    • Construction/ Purchase of flat/ house
    • Takeover of housing loans from other Financial Institutions/ Banks

    Vijaya Bank House Loan Eligibility:

    • Applicants between the age of 21 and 65 years can apply for this loan. By the age of 75 years the loan must be fully repaid.
    • There is no upper limit for the loan that an applicant can avail.
    • In order to enhance loan eligibility, applicant can add the income of his/ her children/spouse. Expected rent, income from other sources and depreciation can also be added to enhance the loan eligibility.
    • As security, mortgage of the house/flat that is purchased/ constructed from the amount borrowed can be put up.
    • The margin required for loans up to Rs.75 is 20%. For loans above Rs.75, the margin is 25%. Registration charges and stamp duty is not included in the cost of the project.
    • The repayment period permitted for the home loan is a maximum of 30 years or the borrower becoming 75 years old, whichever comes first. The repayment holiday allowed is a maximum of 18 months.

    FAQs:

    1. I am 60 years old, can I still apply for a home loan from Vijaya Bank?

      Yes. Applicants between the age of 21 and 65 years can apply for this loan. By the age of 75 years however, the loan must be fully repaid.

    2. Can I avail 6 crores from Vijaya Bank as Home Loan?

      Yes. You can avail any amount of money as home loan from Vijaya Bank.

    3. For what purposes can I avail the home loan from Vijaya Bank?

      Home loan can be availed from Vijaya Bank for the following purposes:

      • Purchase of plot and construction of a housing unit on it.
      • Renovation of flat/ house
      • Construction/ Purchase of flat/ house
      • Takeover of housing loans from other Financial Institutions/ Banks
    4. What kind of security will I need for my home loan?

      As security, mortgage of the house/flat that is purchased/ constructed from the amount borrowed can be put up.

    5. What is the maximum repayment period permitted for home loans?

      The repayment period permitted for the home loan is a maximum of 30 years or the borrower becoming 75 years old, whichever comes first. The repayment holiday allowed is a maximum of 18 months.

    Home Loan - Sitemap

    Vijaya Bank Home Loan eligibility Reviews

    • Vijaya Bank Home Loan
      "Excellent banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a Home loan with Vijaya bank,the loan amount is 12.50 lakhs,the total tenure is 12 years ,rate of interest is nominal as compared to other banks.They had immediately processed the loan without much delay in process.I have registered for an auto debit payments from my salary account.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 09, 2018
    • Vijaya Bank Home Loan
      "Interest is low"
      0.5 4.0/5 "Great!"
      I closed this Home Loan some three years back and the experience with this Bank was pretty good. I was offered a cash limit of Rs. 10.50 Lakhs and the Rate of Interest they offered has been pretty good. The repayment option which they provide is pretty much convenient,
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 26, 2017
    • Vijaya Bank Home Loan
      "Professional Bank"
      0.5 5.0/5 "Blown Away!"
      I felt the Vijaya Bank to be one of the professional Banks that is their in market now. They respond to you properly and the Housing loan given to me was approved very easily and EMIs are very easy to pay up, The whole Banking is been simplified by them.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 25, 2017
    • Vijaya Bank Home Loan
      "not good"
      0.5 2.0/5 "Expected more"
      It was a real bad experience i had with VIJAYA BANK .i took loan on 2016 last year and they provided me the rate of interest of 9.56% and they gave me processing fee of 0.5% i was really unhappy with this . as i was in a urgency and did not had any other option i took the loan . really the customer is also very bad .
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 21, 2017
    • Vijaya Bank Home Loan
      "All went good with Vijaya Bank"
      0.5 5.0/5 "Blown Away!"
      All went good with Vijaya bank when I took the housing loan its an ongoing loan. I don't get any intimation where there would be a fall in the rates. I am getting statements from them on time no issues with them absolutely and I am very much happy with the rates too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 24, 2017
    • Vijaya Bank Home Loan
      "Customer friendly service"
      0.5 5.0/5 "Blown Away!"
      Vijaya bank is very quick in their process and they have done my home loan process within the promised time. The branch manager also helped me a lot in concern to home loan application, They took my requirement personally and gave the very good service. I got the best Interest rate in the in the market. I am happy about the loan amount. The Vijaya bank service has been satisfied me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2017
    • Vijaya Bank Home Loan
      "Common bank in karnatka"
      0.5 4.0/5 "Great!"
      At my home town branch the service provided by Vijaya bank was really good.They process home loan application in a simple manner.The delay happened but it was from my end and not bank.I remember they didnt apply any processing fee for the application.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 15, 2016
    • Vijaya Bank Home Loan
      "Fantastic..."
      0.5 5.0/5 "Blown Away!"
      The manager came my house to assist for the home loan and they work even in holidays. I asked for three lakhs but they ready to sanction ten lakhs. Interest rate is something 9% for home loan. No extra charges been deducted. Vijaya bank is helping so many people by giving loans. Though I completed the loan they give good response when I go to the branch.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 01, 2016
    • Vijaya Bank Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      Vijaya bank is the government organization bank so they have many documents required to sanction the home loan they took 5 month but the demanded amount was not given. Interest rate offered was 9.50% which has been more than year but it is flexible rate.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 09, 2016
    • Vijaya Bank Home Loan
      "Very good and reliable friend "
      0.5 4.0/5 "Great!"
      The loan process was very good.They are processing the loan in a very clear manner.The executive are very clear about the loan process.The documents required was quite simple to process.The interest rate applied was also quite less with vijaya bank
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 09, 2016
    • Vijaya Bank Home Loan
      "Good rate of interest"
      0.5 3.0/5 "Satisfactory"
      The rate of interest provided by Vijaya Bank in regards to Housing loan is very good compared to other banks. Everybody should be aware of the fact that they provide loan only for cost of the property and not for the construction cost. They were very helpful for the documentation process and it only took 4 days for the processing.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2015
    • Vijaya Bank Home Loan
      "Satisfied..."
      0.5 4.0/5 "Great!"
      I have good credit history with the Vijaya bank and the mangers are very helpful for me. Employees in the lower level are not responding properly. I got the home loan for 6lakhs but they deducted 2600, which is heavy as it is 2.5%. Rate of interest is 13.5%.
      Was this review helpful? 0
      , vellore
      Reviewed on Oct 24, 2015
    • Vijaya Bank Home Loan
      "Not Completed "
      0.5 4.0/5 "Great!"
      My Home loan was taken from VIJAYA bank quite long back. But due to some personal issues I have not continued this loan with them. Also I sold my house to some other person where he has started paying the monthly EMI. Other than this there was no issues with the bank.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 22, 2015
    • Vijaya Bank Home Loan
      "Happy going "
      0.5 4.0/5 "Great!"
      I have taken my home loan from VIJAYA bank for the tenure of 20 years. Mr. Shetty is the bank manager who helped me a lot in processing this application. Since it is an nationalized bank they do not have online services. The customer service team are very much supportive.
      Was this review helpful? 4
      , mumbai
      Reviewed on Aug 26, 2015
    • Vijaya Bank Home Loan
      "My Bank..."
      0.5 5.0/5 "Blown Away!"
      It is nationalized bank and I already have a current account with them. I took a home loan from vijaya bank. It was a good experience. I got a nominal rate of interest. They take care of everything. The bank people are really helpful. I got my loan in just 15 days. They provide good services.
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 08, 2015
    • Vijaya Bank Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      I got the home loan with the Vijaya bank.The rate of interest was around 9.50% and its floating.The services are good with them.The processing charges are the average one.Their responsiveness and the continuous follow up was not there and they need to improve over there.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jul 10, 2015
    • Vijaya Bank Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken my home loan from Vijaya Bank only because I got a lower rate of interest, that was the only advantage of the bank.They need improvement on their customer service to the customers. I got my loan from Vijaya bank within four days of time.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Jun 09, 2015
    • Vijaya Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a home loan from Vijaya Bank 10 years Bank. The services were good at that time as I knew many people form the Bank. But recently when I visited the bank the the services are not that good and they are not cooperative as before.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 17, 2015
    • Vijaya Bank Home Loan
      "Really a good one"
      0.5 5.0/5 "Blown Away!"
      Vijaya Bank housing loan experience is really good. Whenever I visit the Branch they offer personalized service. No matter what doubts I have got, they will clarify within a short span of time on the spot. I got the interest certificate for filing the IT returns as well. The processing fee charged by them was hardly rs 3000.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 06, 2015
    • Vijaya Bank Home Loan
      "Must improve staff support"
      0.5 5.0/5 "Blown Away!"
      Got my home loan from Vijaja Bank and nothing really special about there services. One of my colleague who is working there but in a different location actually referred me to this bank. But their services are very slow. I visited almost three to four branch and found very less staffs working there and this could be one of the main reason for the slow loan process. However their staffs were polite and sincere.
      Was this review helpful? 1
      , delhi
      Reviewed on Mar 23, 2015
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