VIVA Home Loans- Interest Rate 2017

Home Loans

Viva Home Finance Limited offers various home loan products and services in its bouquet for legal constructions, home extension/renovation, loan for installation of Solar Panel/energy efficient home solutions, construction of sanitary facilities and more.

VIVA Home Loans

VIVA Home Loans make the dream of owning a house possible for every individual. With the strong effort pushed by VIVA Home Finance Ltd., home loans outpaced its reach in extending loans to those sections of the society who are untouched by other housing finance companies.

Moreover, the company also focusses towards improving the lives of weaker sections of the society by encouraging women in urban and rural areas to avail special schemes and customized home loan products.

VIVA Home Loans Eligibility Criteria

ParticularsDescription
Interest RatesAs decided by the company on the basis of borrower's repayment capacity
Loan AmountUpto Rs. 20 lakhs
Tenure 20 years
Age Limit> 21 years and< 65 years at the time of loan maturity
Processing FeesSalaried Applicants - 10,000 + Service Tax
Self Employed Applicants - 1% of Sanction Amount or 7500 (whichever is higher) + Service Tax
Pre-payment or ForeclosureNIL
Loan to Value90% of loan including value of property and other related cost for the Loan amount up to 20,00,000
80% of the  loan including value of property in other cases
Applicable to :Salaried Employees, Self-Employed Professionals,Self-Employed Non-Professionals and any Non-Resident Indian (Salaried) for availing home loans
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VIVA Home Loans Eligibility Calculator

 You can check your eligibility online using the eligibility calculator. The eligibility calculator is available on the website of  VIVA Home Finance Ltd . Fill in the appropriate details in the following fields and click on submit button :

  • Your monthly income
  • Tenure
  • Expected interest rate
  • Existing Liabilities

VIVA Home Loans EMI Calculator

How much costly your home loan would be? Analyze it with the help of VIVA Home Loans Eligibility Calculator. Assess your eligibility and the applicable EMI for the amount of loan you wish to take from VIVA Home Finance Ltd. Enter the details such as  loan amount, tenure, interest rate and fetch your EMI value.

For example: You are interested in availing a loan amount of Rs. 20 lakhs repayable after 20 years at an interest rate being 10.5% p.a.The following table gives you details on your calculated EMI along with interest and the total amount that costs you against your sanctioned home loan.

Table showing EMI, interest outgo and total amount payable on your home loan

Loan Amount (in Rs.)Loan Tenure (in years)Interest Rate (% p.a.)EMI ( in Rs.)Total Interest Outgo (in Rs.)Total Amount (EMI+Interest) (in Rs.)
2000000110.5%1762971155662115566
2000000210.5%927522260502226050
2000000310.5%650053401762340176
2000000410.5%512074579242457924
2000000510.5%429885792682579268
2000000610.5%375587041722704172
2000000710.5%337218325932832593
2000000810.5%308809644832964483
2000000910.5%2870210997863099786
20000001010.5%2698712384403238440
20000001110.5%2560913803773380377
20000001210.5%2448315255253525525
20000001310.5%2355016738063673806
20000001410.5%2276918251383825138
20000001510.5%2210819794363979436
20000001610.5%2154521366114136611
20000001710.5%2106222965714296571
20000001810.5%2064524592244459224
20000001910.5%2028326244734624473
20000002010.5%1996827922234792223
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Amortization Table

YearPrincipal (in Rs.)Interest (in Rs.)Balance Amount (in Rs.)
1 31,083 208,533 1,968,917
2 34,509 205,107 1,934,408
3 38,311 201,305 1,896,097
4 42,537 197,079 1,853,560
5 47,221 192,395 1,806,339
6 52,426 187,190 1,753,913
7 58,203 181,413 1,695,710
8 64,618 174,998 1,631,092
9 71,740 167,876 1,559,352
10 79,644 159,972 1,479,708
11 88,422 151,194 1,391,286
12 98,165 141,451 1,293,121
13 108,983 130,633 1,184,138
14 120,994 118,622 1,063,144
15 134,327 105,289 928,817
16 149,132 90,484 779,685
17 165,567 74,049 614,118
18 183,812 55,804 430,306
19 204,069 35,547 226,237
20 226,407 13,056 0

Documentation for VIVA Home Loans

Salaried EmployeesSelf-Employed Professionals
Application Form
KYC Documents

Photo ID Proof
Residence Address Proof
Signature proof
Date of Birth/Age proof

Updated Bank Statement for last 6 months
Existing Loan details along with documents like Sanction Letter and State of Account            
Salary Slip or Salary Certificate for 3 monthsProfessional Qualification Certificate(if any)
Form 16 (last two years)Office address proof
Qualification ProofLast two years Income Tax Returns along with Computation of Income, Profit & Loss A/c and Balance Sheet Statement

Features and Benefits of VIVA Home Loans

  • Attractive Interest Rates
  • Quick and hassle-free disbursement of loans
  • Expert legal and technical advise for assisting customers in making the right decision
  • Tax Benefits under the Income Tax Act, 1961
  • Dedicated VHFL Sales team to assist customers through the entire process from application to disbursement.

VIVA Home Loans Customer Care Contact Number

Want to inquire about your eligibility criteria for availing sanctioned home loan, unavailability of the document to produce as evidence or want to know about the prevailing interest rate? An experienced customer care representative of VIVA Home Finance Ltd. is here to answer all your queries. Call on: +91 250 – 2508 363 / 3058 402 or write an email at the email address displayed on the website.

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(Updated on: 4th January, 2017)