Vastu Housing Finance Home Loan Interest Rates

Vastu Housing Finance
4.5

Vastu Housing Finance disburses a home loan amount of INR 1 crore at a maximum. The repayment tenure goes up to 20 years, and the interest rates range between 12.5% to 19.5% for salaried applicants and 13% to 19.5% for self-employed individuals. A processing fee of up to 2.5% plus applicable taxes is charged.

  • Vastu Housing Finance Home Loan Interest Rate

    Home Loan offer for You

  • 12.5% - 19.5%

    Interest Rate (p.a.)
  • Up to ₹50L

    Tenure(Up to 20 Years)
  • ₹2,250 - ₹2,622

    EMI Per Lakh

Check Latest Home Loan Offer From Vastu Housing Finance

  • Vastu Housing Finance Home Loan Interest RateHome Loan offer for You
  • 12.5% - 19.5%

    Interest Rate (p.a.)
  • Up to ₹50L

    Tenure(Up to 20 Years)
  • Up to 3% of the loan amount

    Processing Fee

Compare Vastu Housing Finance Home Loan Interest Rates with Other Lenders

The below table showcases the comparison of Vastu Housing Finance Home Loan interest rates with other banks and lending institutions.

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Vastu Housing Finance Home Loan Interest Rates

Vastu Housing Finance offers competitive interest rates on home loans, starting at 12.5%. Vastu Housing Finance home loan interest rates are designed to be transparent and easy to understand, with no hidden fees or charges. Customers can choose from various loan terms and repayment options to find the best fit for their needs and budget.

Criteria Interest Rate PLR Less Spread
Salaried Individuals 12.5% p.a. to 19.5% p.a. 6.07% p.a. to (-0.93% p.a.)
Self Employed 13% p.a. to 19.5% p.a. 5.57% p.a. to (-0.93% p.a.)
Processing Fees
  • Non-refundable: INR 3,000 + taxes
  • Processing Fees: 2% on the sanctioned loan amount
  • Non-refundable: INR 3,000 + taxes
  • Processing Fees: 2% on the sanctioned loan amount
 
Processing Fees Salaried Individuals Self Employed Individuals
Processing Fees
  • Non-refundable: INR 3,000 + taxes
  • Processing Fees: 2% on the sanctioned loan amount
  • Non-refundable: INR 3,000 + taxes
  • Processing Fees: 2% on the sanctioned loan amount
The Highlights of Vastu Housing Finance Home Loan
  • Competitive interest rates: Vastu Housing Finance offers some of the most competitive interest rates in the market, starting as low as 12.5%. This allows customers to save money on interest charges over the life of the loan.
  • Flexible repayment options: Vastu Housing Finance offers a variety of loan terms and repayment options, allowing customers to choose the option that best fits their needs and budget. This can include choosing the tenure of the loan, which can be as short as one year or as long as 30 years.
  • Easy application process: The application process for a Vastu Housing Finance home loan is straightforward. Customers can apply online or visit a Vastu Housing Finance branch, and the company's representatives will guide them through the process.
  • No hidden fees or charges: Vastu Housing Finance is committed to transparency and fairness, and as such, customers can expect to find no hidden fees or charges in their loan agreement.
  • Quick disbursal of the loan amount: Once the loan is approved, it is disbursed quickly, allowing customers to access the funds they need as soon as possible.
  • Hassle-free documentation: Vastu Housing Finance makes the documentation process as simple and easy as possible, minimising the stress and hassle often associated with applying for a home loan.
  • No pre-closure charges: Vastu Housing Finance does not charge any pre-closure charges, which means that customers can pay off their loans early without incurring additional fees.
  • Doorstep service: Vastu Housing Finance offers doorstep service. The company's representatives will come to the customer's location to collect the necessary documents and assist with the application process. This eliminates the need for customers to visit a branch and makes the process as convenient as possible.

Vastu Housing Finance Home Loan Schemes

Vastu Housing Finance offers a variety of home loan schemes to meet the needs of its customers. Some of the most popular schemes include

  • Home loans: This is the most common home loan offered by Vastu Housing Finance. It can be used to purchase a new home or to refinance an existing home.
  • Home extension loan: This loan is for customers who want to extend their existing home or make renovations. It can be used to add a room, build a second floor, or make any other type of improvement to the property.
  • Plot + Construction loan: This loan is for customers who want to purchase a plot of land and construct a new home. It can be used to purchase a plot of land and finance the construction of a new home.
  • Construction loan: This loan is for customers who want to construct a new home on a plot of land they already own. It can be used to finance the construction of a new home on an existing plot of land.

How to Calculate Vastu Housing Finance Home Loan Interest?

One of the most common methods is to use an online home loan interest calculator offered by Vastu Housing Finance. To use an online home loan interest calculator, you will need to have the following information:

  • The loan amount you are seeking
  • The loan tenure (the number of years you will take to repay the loan)
  • The interest rate offered by Vastu Housing Finance

By entering this information into the calculator, it will provide you with the estimated EMI (equated monthly instalment) and the total interest amount you will need to pay over the loan tenure.

Additionally, you can manually calculate the interest on your Vastu Housing Finance home loan using the following formula. It's important to note that these calculations are estimates, and the actual interest rate and EMI may vary based on individual circumstances and the terms and conditions of the loan agreement. It's advisable to always check with the lender for the exact details.

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

  • P is the principal loan amount
  • R is the rate of interest per month
  • N is the number of months

Factors Affecting Vastu Housing Finance Home Loan Interest Rate and EMI 

Several factors can affect the interest rate and EMI of a Vastu Housing Finance home loan. These include:

(It is important to note that these factors may change over time, and the interest rate and EMI offered by Vastu Housing Finance may vary based on individual circumstances and the terms and conditions of the loan agreement)

  • Credit Score: A good credit score can help you qualify for a lower interest rate on your home loan. Vastu Housing Finance will consider your credit history and credit score when determining your interest rate.
  • Income: Your income is another important factor affecting your interest rate and EMI. Lenders will consider your income and your ability to repay the loan when determining your interest rate and EMI.
  • Loan Amount: The loan amount can also affect your interest rate and EMI. Generally, the more significant the loan amount, the higher the interest rate.
  • Loan Tenure: The loan tenure, or the years you will take to repay the loan, can also affect your interest rate and EMI. Generally, a longer loan tenure will result in a lower EMI, but a higher overall interest paid.
  • Market Interest Rates: The interest rate offered by Vastu Housing Finance may also be affected by the current market interest rates. If market rates are high, the lender may offer higher interest rates to customers.
  • Property Type: The type of property you purchase, whether a residential or commercial property, also affects the interest rate and EMI.

Frequently Asked Questions (FAQs)

What's the home loan interest rate offered by Vastu Housing Finance?

The home loan interest rate ranges from 12.5% p.a. to 19.5% p.a.

Do Vastu Housing Finance provide 90% home loans?

The loan-to-value ratio primarily depends on the applicant’s credit score and financial background.

What is the EMI for 30 lakhs home loan for 20 years?

The EMI for INR 30,00,000 at 14% p.a. for 20 years is INR 35,546.

How can I reduce my Vastu Housing Finance home loan interest rate?

Improve your credit score, negotiate with the lender, opt for a longer loan tenure and make a higher down payment. You can also consider switching to a different lender offering lower interest rates. Make sure to compare rates and terms of other lenders before making a decision.

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