Vastu Housing Finance Home Construction Loan

Vastu Housing Finance Home Construction Loan Interest Rates

Vastu Housing Finance Home Construction Loan Fees and Charges

Vastu Housing Finance Home Construction Loan Eligibility Criteria for Salaried

Vastu housing finance construction loan eligibility criteria for salaried individuals:

• Must be a permanent employee in a reputed organisation.
• Income stability of at least two years.
• The age limit should be between 21 to 60 years at loan maturity.
• Credit score around 750
• Sufficient income to cover monthly loan repayments, along with other existing liabilities.
• The property to be constructed must meet Vastu Housing Finance’s criteria and approvals.

Vastu Housing Finance Home Construction Loan Eligibility Criteria for Self-Employed

Vastu Housing Finance Construction Loan Eligibility Criteria for Self-Employed Individuals:

• Must have been in the current business for a minimum of three years.
• Well-maintained financial records showing profitable operations.
• Must be between 21 and 65 years old at the time of loan maturity.
• Favorable credit history of 750 and above to demonstrate creditworthiness.
• Documented proof of regular income through tax returns and financial statements.
• The plot and proposed construction must comply with local regulations and be approved by relevant authorities.

Vastu Housing Finance Home Construction Loan Documents Required for Salaried

Documents required for salaried individuals applying for vastu housing finance construction loan:

• Application Form: Completed and signed.
• Proof of Identity: Passport, PAN card, or other government-issued ID.
• Proof of Address: Utility bill, passport, or Aadhaar card.
• Income Documents: Recent salary slips, Form 16, and income tax returns.
• Bank Statements: Last six months to verify financial stability.
• Property Documents: Title deed of the plot, approved construction plans.

Vastu Housing Finance Home Construction Loan Documents Required for Self-Employed

Documents required for self-employed individuals applying for vastu housing finance construction loan:

• Application Form: Completed and signed.
• Proof of Identity: PAN card, Aadhaar card, or driver’s license.
• Proof of Address: Recent utility bills or passports.
• Income Documentation: Income tax returns, profit and loss statements, balance sheet (certified by a CA).
• Bank Statements: The last six months were used to demonstrate financial transactions.
• Property Documents: Ownership documents of the plot and approved building plans.

Features of Vastu Housing Finance Home Construction Loans

Here are the key perks of the Vastu Housing Finance Construction Loans beyond the financial support:

• Flexible Repayment Options: Loan tenure of up to 20 years, allowing for manageable repayment schedules.
• Minimal Documentation: Streamlined online process for initial document submission, reducing the hassle of paperwork.
• Speedy Loan Processing: Efficient sanction and disbursal processes to ensure timely availability of funds.
• Refinancing Option: Ability to refinance if construction has commenced within three months before the loan sanction.
• Comprehensive Collateral Evaluation: Includes legal and technical appraisal to ensure the property’s value and compliance.
• Insurance Coverage Recommendations: Guidance on insuring the property and loan repayments for enhanced financial security.
• Tax Benefits Assistance: Support with documentation to make tax deductions on the loan available.
• Electronic Disbursement: Funds can be disbursed through electronic transfers, facilitating a smoother transaction process.