Vijaya Bank Car Loan Interest

Give me interest rate of Car Loan provided by Vijaya Bank?

Vijaya Bank provided car loan to its customer. Following is its information:

Eligibility:
He / She is a permanent employee of :
An established education institution / aided college / school.
Any private establishment.
A public sector / joint sector undertaking or a Corporation.
Reputed Public Limited Company.
State / Central Government, the Defence / Police force or Autonomous Body.

Amount Slab : Any amount
Repayable upto: 3 Years
Rate of interest per annum: PLR - 2.05 % presently 8.5 % p.a. (Floating)

Amount Slab : Any amount
Repayable upto: 3 to 7 years.
Rate of interest per annum: PLR - 2 % presently 9 % p.a. (Floating)


Amount Slab Processing Fees
Upto Rs.25,000/- Nil
Rs.25,001/- to Rs.2,00,000 Rs.111/-
Rs.2,00,001 to Rs.1.00 crore Rs.220/- per Rs.1 lakh or part thereof.
Above Rs.1.00 crore Rs.22,040/- for Rs.1 crore plus Rs.138/- per Rs.1 lakh or part thereof.

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hii sir, I am Start thinking to purchase the Car someone suggest me to get the loan from the Vijaya Bank ? therefore please tell me the interest rate of the car loan of vijaya bank

As you asking for the Interest rates for Car loan of Vijay bank let me tell you that the base interest rate is 9.65% P.A

And on Vehicle loan the Existing Rates is : BR+0.40%=10.25%
on Vehicle loan revised Rates is : BR+0.40%=10.05%

the information of the Vijay bank Vehicle loan is given below:
Eligibility Criteria:
Age :
Minimum age: 21 years
Maximum age at loan maturity: 65 years

Minimum employment
: For Salaried 1 year in current employment and minimum 2 years of employment / For Self- Employed at least 3 years in business
Minimum Annual Income:
For Salaried Rs 84000 net annual income / For Self- Employed Rs. 72,000/- p.a.


Document Required :
Proof of Identity:
Passport copy,
PAN Card,
Voters ID card,
Driving License ( Laminated, Recent, Legible)
Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
Bank Statement: Last 6 months

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Answered By StudyChaCha Member