Vastu Housing Finance Corporation Limited

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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    What are the details of Vastu Finance home loans?

    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.

    ParticularsDescription
    Interest Rates12% – 15% 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

    Buying a home is a very important decision in your life and Vastu Housing Finance Corporation Limited makes the experience 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 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%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 :

    • Loan amount
    • 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. Here is an example for your reference.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 15,00,00012.45%1₹ 1,33,589₹ 1,03,070₹ 16,03,070
    ₹ 15,00,00012.45%2₹ 70,926₹ 2,02,220₹ 17,02,220
    ₹ 15,00,00012.45%3₹ 50,144₹ 3,05,201₹ 18,05,201
    ₹ 15,00,00012.45%4₹ 39,833₹ 4,11,983₹ 19,11,983
    ₹ 15,00,00012.45%5₹ 33,709₹ 5,22,526₹ 20,22,526
    ₹ 15,00,00012.45%6₹ 29,677₹ 6,36,779₹ 21,36,779
    ₹ 15,00,00012.45%7₹ 26,841₹ 7,54,680₹ 22,54,680
    ₹ 15,00,00012.45%8₹ 24,752₹ 8,76,158₹ 23,76,158
    ₹ 15,00,00012.45%9₹ 23,159₹ 10,01,134₹ 25,01,134
    ₹ 15,00,00012.45%10₹ 21,913₹ 11,29,518₹ 26,29,518

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 80,703₹ 1,82,248₹ 14,19,296
    2₹ 91,345₹ 1,71,606₹ 13,27,950
    3₹ 1,03,389₹ 1,59,562₹ 12,24,561
    4₹ 1,17,022₹ 1,45,930₹ 11,07,538
    5₹ 1,32,452₹ 1,30,500₹ 9,75,086
    6₹ 1,49,916₹ 1,13,035₹ 8,25,169
    7₹ 1,69,684₹ 93,267₹ 6,55,485
    8₹ 1,92,058₹ 70,894₹ 4,63,427
    9₹ 2,17,382₹ 45,570₹ 2,46,045
    10₹ 2,46,270₹ 16,907₹ 0

    What are the documents must possess you for applying?

    The documents checklist is mentioned below in the table. To apply for the loan and get approval for your loan, you have to make sure that you have all the necessary documents.

    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(SOA)
    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(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!

    • 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.

    BranchAddress
    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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