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 trade commerce and industries
Eligibility – Salaried, self employed or professional with repaying capacity
Margin – 30% to 50% for loans up to Rs.100 lakhs and above Used Car- 50% (Valuation); commercial vehicle- 30%
Rate of Interest – 14% for loans up to Rs.100 lakhs and 12% for loans above Rs.100 lakhs
Duration – 12 months for loans up to Rs.100 lakhs and 48 months for loans above Rs.100 lakhs (renewal option available)