Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. The bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc.
Vikas Souharda Cooperative Bank is a community based organization. The bank has been rendering financial services to the growing needs of the people. The main customers of the bank are carrier owners and mine owners and the rest are traders, small and medium entrepreneurs and other needy people.
Purpose – The home loan is offered for the purchase of sites, repairing and renovating old house
Eligibility – Salaried and self employed with repaying capacity
Rate of Interest – The rate of Interest is 12% per annum
Security – Registered title deed- original; previous title deed -original/certified copy/photocopy; Municipal endorsement transferring khata-original; Municipal khata extract for 13 years original; Tax paid receipt for the current year-original; Encumbrance certificate for 13 years; N.A. Conversion order-copy; Approved layout plan-copy; Commencement certificate issued by HUDA, hospet-original. Building construction license issued by municipality-original; approved building construction plan-original.