Vastu Housing Finance Corporation Limited – Interest Rate

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Vastu Housing Finance offers various home loan schemes designed to support your dreams of possessing ‘own’ home. The loans can be availed to acquire a ready-made or under construction housing property with ease.

Vastu Housing Finance – Everything you wanted to know

Buying a home is a very important decision in your life and hence Vastu Housing Finance Corporation Limited makes the purchasing experience of acquiring your own home, a smooth and hassle-free. You may no longer have to entangle yourself in complicated documentation processes as the company takes care of itself with ease.

Vastu Housing Finance Eligibility Criteria – Who can avail the housing loan?

Interest Rates12% – 18% p.a.
Loan AmountRs. 50 lakhs
Tenure20 years
Age Limit>21 years and < 65 years at the time of loan maturity
Processing FeesUpto 2% of Loan Amount plus applicable taxes and/ or other statutory levies
Pre-payment or ForeclosureNil
Loan to Value 80% of the property value
Applicable to :Salaried & Self-employed professionals/businessmen

Vastu Housing Finance Eligibility Calculator – How much loan you can get?

Analyze your eligibility online by using the eligibility calculator. The eligibility calculator shows  your credibility for availing home loans which depend on the specified criteria. The underlying criteria as discussed below :

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

Suppose you are working for an MNC and earning a monthly salary of Rs. 65,000. From which, you have saved Rs. 10,000 as a repayment towards your EMI. Generally, EMIs fall in the category of 50%-60% of your net salary for disbursing the higher amount of loan.

If you want to calculate your amount, tenure, and rate of interest, you will get to know your EMIs that you will have to pay every month so as to repay the loan amount that you are eligible for.

Amount- Rs. 100,000

 Interest Rates-12%-18%per annum

Tenure-20 years

Per Lac EMI- Rs. 1,101

Loan Amount Eligibility- Rs. 100,000 x savings/per lac EMI

– Rs. 100,000 x 10,000/1101 =Rs. 9.08  lacs(approx.)

So, your expected amount for home loan would be Rs. 9.08  lacs(approx.)

Vastu Housing Finance EMI Calculator – How much EMI you can pay?

EMI is the fixed monthly payment that can be estimated as a repayment towards your home loan  and that can be calculated by using a home loan EMI Calculator. EMI stands for Equated Monthly Installments.

Calculating your EMI is an easy process. You only need to fill the following inputs such as :

  • Amount of Loan
  • Loan Tenure
  • Interest rate

As soon as you submit the details, the home loan EMI calculator will disclose you the loan EMI, interest payable and total amount to be paid.

For example : You have applied for Rs. 50 lakhs home loan for the purchase of a 2 BHK flat in East Delhi. The tenure of your home loan would be payable after 20 years at floating interest rates being 12%-15%. Subsequently, fixed rate will be decided subject to your eligibility criteria. The below table provides you a highlight about the calculated EMI, interest payment and the total amount(EMI+Interest) required to be paid each year on your 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.)
5000000512%-15%1,11,222- 1,18,95016,73,334-21,36,97966,73,334-71,36,979

Amortization Table

YearInterest(in Rs.)Principal(in Rs.)Balance(in Rs.)
1 42,941-64,099 596,549-747127 4,935,901-4957059
2 49,843-72,227 588,421-740225 4,863,674-4907216
357,858- 81,387 579,261-732210 4,782,287-4849358
4 67,157-91,709 568,939-722911 4,690,578-4782201
577,953- 103,340 557,308-712115 4,587,238-4704248
690,484- 116,445 544,203-699584 4,470,793-4613764
7 105,029-131,214 529,434-685039 4,339,579-4508735
8 121,913-147,855 512,793-668155 4,191,724-4386822
9 141,511-166,606 494,042-648557 4,025,118-4245311
10 164,261-187,737 472,911-625807 3,837,381-4081050
11 190,667-211,545 449,103-599401 3,625,836-3890383
12 221,316-238,376 422,272-568752 3,387,460-3669067
13 256,894-268,606 392,042-533174 3,118,854-3412173
14 298,192-302,673 357,975-491876 2,816,181-3113981
15 341,061-346125 319,587-443943 2,475,120-2767856
16 384,317-401767 276,331-388301 2,090,803-2366089
17 433,056-466353 227,592-323715 1,657,747-1899736
18 487,979-541322 172,669-248746 1,169,768-1358414
19 549,867-628343 110,781-161725 619,901-730071
20 620,449-730893 41,044-60716 0

Documentation for Vastu Housing Finance – What you must posess before applying?

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 documentslike Sanction Letter and State of Account(SOA)
Salary Slip or Salary Certificate for 3 months Professional 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 Vastu Housing Finance – More like salient features!

  • Simplified documentation process
  • Personalized customer service
  • Transparent processes
  • Tailor-made solutions to accommodate your needs
  • Quick and efficient processing
  • Competitive home loans interest rate
  • Skilled and efficient trained Team

Vastu Housing Finance  Branches

Contact your nearest customer care representative of Vastu Housing Finance Branches for any queries relating to the processing of your home loan, unavailability to produce any document for evidence or any other issues or grievances.You can also call at 022-24999911 between 10:00 and 18:00 Monday to Saturday—or drop an email at the email address mentioned on the website.

Mumbai (Head Office)A-102, Poonam Chambers, Dr A. B. Road, Opp. Atria Mall, Worli, Mumbai-400018, India.
Pune Chinar Apartment,Shop Number – 6, Ground floor,K.B Joshi Road, Opp agriculture college,Shivaji Nagar, Pune – 411005.
Pune Akurdi First floor, Shop No 155 Jai Ganesh Visions B-wing Akurdi Pune, Maharashtra 411035
Bengaluru39/2, Santoshima Enclave, B Block, 4th floor, T.Dasarahalli, 8th Mile, Tumkur Road, Bengaluru ‐ 560057.
Surat 101,1st Floor Shivam Complex Opp Mudita Ni Midhaio Near Police Choki, Nanpura, Surat – 395001.
IndoreR106/R107, Metro Towers, B-2, PU4 Scheme No. 54, Vijaynagar, A.B. Road, Indore – 452010.
Ahmedabad B/18 Nirman Complex, Off C G Road, Navrangpura, Ahmedabad – 380009.
Kalyan No. 401 on the 4th Floor in the “Shubhalaxmi Shopping Centre”, Shivaji Chowk, Agra Road, Kalyan – 421301.
NashikShop No.4,Ground Floor, Madhav Plazza, Mumbai Nakka, Nasik – 422001.
Coimbatore19/8, Sree Vishnu, Second Floor Shanmuga Nagar,(216) Sungam By Pass Road Ramanathapuram Post Coimbatore, TN 641045

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