A recent press report said that Vijaya Bank has planned to reach its target in housing loan portfolio during the current financial year in spite of the hike in its lending rates. Mr. Jayarama Shetty told the press that borrowers can confidently avail of loans it offers the advantages of transparency to borrowers and there would be no hidden costs.
He said that the bank has already disbursed over Rs 120 crore to 3,300 loan accounts as on March, 2011 and has planned to achieve a target of extending another Rs 50 crore. The bank has organised, a day-long housing loan mela on July 10 at the Institution of Engineers, Mysore.
He added saying that the bank being a front-runner among the nationalised banks in housing loan portfolio with liberalized home loan schemes, has planned to offer a variety of options in the said portfolio under a single shelter at the venue
Mr. S. R. Chandrashekar, Designated Marketing Officer of the bank said that the loan tenure would be from five years to 20 years and with the rate of interest starting from 10.75 per cent.
Reports said that Mysore Regional Office covers Mysore, Chamarajanagar and Mandya districts with 63 offices including 59 branches with total staff strength of 435.