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Vijaya Bank Home Loan, Interest Rate and EMI Calculator Jan 2019

(Updated on 12.01.2019) Vijaya Bank Home Loan Jan 2019 –  Get Instant Quick & Easy Approval o Vijaya Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

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Vijaya Bank Home Loan

Vijaya Bank is one of the most preferred banks which provides Home Loan at extensively competitive rates of interest. Vijaya Bank Home Loan has been tailor-made to cater to the diverse needs of every individual to have a house/flat of their own. Vijaya Bank home loan is popularly known for its best home loan rates, longer tenor period, Income Tax benefit, simple documentation and much more. Know your home loan eligibility with Home loan Eligibility Calculator and get instant home loan approval.

Vijaya Bank Home Loan Interest Rate

Rate of Interest

8.75% p.a

Tenure

30 years

Maximum Loan Amount

No limit

Processing Fees

0.25% of loan amount (waived off till 31.03.17)

Pre-closure charges

Nil

Vijaya Bank Home Loan Features

  • Vijaya Bank home loan can be availed for purchase or construction of House or Flat, renovation or improvement of house or flat, takeover of housing loans from other Banks/Financial Institutions, purchase of site or plot and construction of house there on.

  • Mortgage of house or flat constructed or purchased can be provided as security.

  • Maximum repayment period is of 30 years or by the time the borrower attains the age of 75 years whichever is earlier.

  • If loan amount is upto Rs. 30 lakhs then margin on capital cost is 10%, if loan amount is above Rs.30.00 Lakhs and up to inclusive of Rs.75.00 Lakhs then margin requirements is 20%, if loan amount is above Rs. 75 lakhs then margin requirements is 30%.

Vijaya Bank Home Loan Eligibility

  • The applicant should be aged between 21 years and 65 years.

  • The maximum age of the applicant should be 75 years that is the age by which the loan to be fully repaid.

Vijaya Bank Home Loan Documents Required

For salaried Individuals

  • Filled in application form along with photograph.

  • Passport ,Voter ID card ,Driving License, Aadhaar Card , PAN card (PAN Card only as identity proof) as proof of identity and address.

  • Latest 3 Months salary slip showing all deductions and Form 16 needs to as proof of Income.

  • Last 6 months bank statement.

  • Pass Book where salary or income is credited.

For Self Employed Individuals

  • Passport ,Voter ID card ,Driving License, Aadhaar Card , PAN card (PAN Card only as identity proof) as proof of identity and address.

  • IT returns for the last 2 years and computation of income for the last 2 years certified by a CA needs to be submitted as proof of income.

  • Bank statement or Pass Book Statement for last 6 months.

  • Most recent income tax returns with income computation, balance sheet and last two years profit and loss account statement. All documents are to be certified by a Chartered Accountant.

Vijaya Bank Home Loan EMI Calculator

Vijaya Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

For a loan against the amount of Rs 10,00,000 for 10 years at the interest rate of 8.90 % p.a., the EMI comes out as Rs.12,614 . To know the EMIs for all the years, see the below given table.

Home Loan Amount(Rs.)

Interest Rate(p.a.)

Loan Tenure(yrs)

Monthly Installment(EMI)

Total Interest Amount

Total Amount (Principal + Interest)

10,00,000

8.90

1

Rs. 87,405

Rs. 48,861

Rs.10,48,861

10,00,000

8.90

2

Rs. 45,639

Rs. 95,333

Rs.10,95,333

10,00,000

8.90

3

Rs. 31,753

Rs. 1,43,116

Rs.11,43,116

10,00,000

8.90

4

Rs. 24,838

Rs.1,92,204

Rs.11,92,204

10,00,000

8.90

5

Rs. 20,710

Rs. 2,42,591

Rs.12,42,591

10,00,000

8.90

6

Rs. 17,976

Rs. 2,94,268

Rs.12,94,268

10,00,000

8.90

7

Rs. 16,038

Rs. 3,47,223

Rs.13,47,223

10,00,000

8.90

8

Rs. 14,598

Rs. 4,01,444

Rs.14,01,444

10,00,000

8.90

9

Rs. 13,490

Rs. 4,56,916

Rs.14,56,916

10,00,000

8.90

10

Rs. 12,614

Rs. 5,13,623

Rs.15,13,623

Amortization table

Year

Principal

Interest

Balance Amount

1

Rs. 64,976

Rs. 86,392

Rs. 935,024

2

Rs. 71,002

Rs. 80,366

Rs. 864,022

3

Rs. 77,584

Rs. 73,784

Rs. 786,438

4

Rs. 84,777

Rs. 66,591

Rs. 701,661

5

Rs. 92,637

Rs. 58,731

Rs. 609,024

6

Rs. 101,229

Rs. 50,139

Rs. 507,795

7

Rs. 110,614

Rs. 40,754

Rs. 397,181

8

Rs. 120,870

Rs. 30,498

Rs. 276,311

9

Rs. 132,079

Rs. 19,289

Rs. 144,232

10

Rs. 144,324

Rs. 7,043

Rs. 0

Vijaya Bank Home Loan Margin

Loan amount

Margin

For loans upto Rs.75.00 lacs

20%

For loans above Rs.75.00 lacs

25%

Vijaya Bank Home Loan MCLR January 2019

Loan Tenure

MCLR (%)

Overnight

8.05%

One Month

8.35%

Three Months

8.50%

Six Months

8.70%

One Year

8.75%

Two Years

9.00%

Three Years

9.25%