Vijay Co-operative Bank Limited was instituted by Sh. Natwarlal Prabhudas Patel in the year 1963. Its registered office then was situated in Naroda at the Vijay Mills. The prime objective of commencement of Vijay Bank was to work for the less fortunate members of the community by enhancing their economic enterprises and create ample funds for providing financial aid to all deserving members, especially self employed women.
Vijay Co-operative Bank Limited offers its patronage various types of loans. Depending upon the requirement, one can avail of the loan facilities from the bank. It offers home loan, car loan, personal loan, consumer loan, educational loan etc.
Purpose – To offer financial assistance to meritorious students of the country for studies in India and abroad
Quantum of Loan – Maximum 10 Lakhs
Margin – 25%
Rate of Interest – 11%
Duration – 60 months
Other conditions – The applicant borrower must open Saving Bank/Current Account and furnish all papers/ documents as per the bank’s requirements.
The borrower/s and sureties/guarantors should execute the documents as required by the bank before disbursement of the loan.
The borrower should have exclusive banking with the bank. For opening and operating with any other bank, prior consent must be obtained from the bank etc.