VIVA Home Loan
Last Updated : March 22, 2017, 1:08 p.m.
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
| Particulars | Description |
|---|---|
| Interest Rates | As decided by the company on the basis of borrower's repayment capacity |
| Loan Amount | Upto Rs. 20 lakhs |
| Tenure | 20 years |
| Age Limit | > 21 years and< 65 years at the time of loan maturity |
| Processing Fees | Salaried Applicants - 10,000 + Service Tax |
| Self Employed Applicants - 1% of Sanction Amount or 7500 (whichever is higher) + Service Tax | |
| Pre-payment or Foreclosure | NIL |
| Loan to Value | 90% 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 |
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.) |
|---|---|---|---|---|---|
| 2000000 | 1 | 10.5% | 176297 | 115566 | 2115566 |
| 2000000 | 2 | 10.5% | 92752 | 226050 | 2226050 |
| 2000000 | 3 | 10.5% | 65005 | 340176 | 2340176 |
| 2000000 | 4 | 10.5% | 51207 | 457924 | 2457924 |
| 2000000 | 5 | 10.5% | 42988 | 579268 | 2579268 |
| 2000000 | 6 | 10.5% | 37558 | 704172 | 2704172 |
| 2000000 | 7 | 10.5% | 33721 | 832593 | 2832593 |
| 2000000 | 8 | 10.5% | 30880 | 964483 | 2964483 |
| 2000000 | 9 | 10.5% | 28702 | 1099786 | 3099786 |
| 2000000 | 10 | 10.5% | 26987 | 1238440 | 3238440 |
| 2000000 | 11 | 10.5% | 25609 | 1380377 | 3380377 |
| 2000000 | 12 | 10.5% | 24483 | 1525525 | 3525525 |
| 2000000 | 13 | 10.5% | 23550 | 1673806 | 3673806 |
| 2000000 | 14 | 10.5% | 22769 | 1825138 | 3825138 |
| 2000000 | 15 | 10.5% | 22108 | 1979436 | 3979436 |
| 2000000 | 16 | 10.5% | 21545 | 2136611 | 4136611 |
| 2000000 | 17 | 10.5% | 21062 | 2296571 | 4296571 |
| 2000000 | 18 | 10.5% | 20645 | 2459224 | 4459224 |
| 2000000 | 19 | 10.5% | 20283 | 2624473 | 4624473 |
| 2000000 | 20 | 10.5% | 19968 | 2792223 | 4792223 |
Amortization Table
| Year | Principal (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 Employees | Self-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 months | Professional Qualification Certificate(if any) |
| Form 16 (last two years) | Office address proof |
| Qualification Proof | Last 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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