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.
Although the bank is commenced with the motive of promoting the less privileged members of the society, it has attained for itself a position wherein it offers Insurance Policies as well as Loans for standardizing lives of a varied sector.
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 the customers
Eligibility – Salaried, self employed or professional with repaying capacity
Margin – 50% (Valuation)
Rate of Interest – The rate of interest is12.5%
Duration – 12 months (renewal option available)
Security – Mortgage of Immovable Property
Prepayment Charges – No prepayment charges