What is the Interest Rate of Vastu Home Loan?

Vastu Housing Finance rate of interest for salaried employees starts from 12.5% p.a and it can go up to 19.5% p.a., depending on several factors. We had availed a home loan from Vastu Housing Finance when we bought our first home, so I can share some necessary information about the interest rates which differ between salaried and self-employed individuals. I have shared everything in detail below.

What is the Vastu Home Loan Interest Rate?

My husband is a salaried employee, so the Vastu Finance home loan interest rate for such borrowers ranges between 12.5% to 19.5%. This actual rate will be based on some factors such as your credit history, repayment history, employment details, and so on.

On the other hand,  if you’re a self-employed individual, then the interest rate will range between 13% to 19.5%. I have shared the PLR Less Spread below.

What are the Vastu Housing Finance Processing Fees?

When you apply for the home loan, you have to pay a non-refundable application fee to the bank, which is Rs. 3000 plus applicable GST/taxes. The processing fee is up to 3% of the loan amount plus GST.

I hope you get some understanding now on the Vastu Housing Finance interest rates. If you’re planning to avail a home loan, make sure you have a good credit history with a credit score more than 700, which will give you a chance to negotiate your interest rates and get a loan at your convenience. 

Vastu Finance is a housing finance company that aims to help millions of Indians have a house of their own. They provide a wide range of home loan products. I came to learn about it while some of my colleagues were discussing the vastu finance interest rates. Their rates are quite low so you can buy or renovate your property with their aid.

What are the Vastu Housing Finance Interest Rates?

The Vastu finance interest rates are different for different types of borrowers. For

You can know 

• What documents will be needed

• Processing fee

• Disbursement process

• Service and more details about this company from the below link:

But if you are really interested in availing of a home loan from them, make sure to ask the officials about every aspect of it minutely. I hope this was helpful.

Read More:

A very close friend of mine suggested to me Vastu Housing Finance when I was searching for banks to get a home loan. On his advice, I decided to visit the bank and state my requirements to them. The bank staff told me that Vastu Housing Finance home loans can be used for a wide assortment of home necessities, from purchasing a prepared property to developing another one. You can also get a loan with pre-approval even before you choose a property. When I asked them about Vastu Housing Finance rate of interest, they told me that their interest rate starts at 12.50%. I will explain more of what they told me.

Vastu Lodging Money offers a thorough set-up of lodging credit items. Customers who are employed or self-employed can get a home loan at attractive interest rates starting at 12.5% per annum. A customer can only take out a maximum of Rs. 50 lakh for a twenty-year loan.

What is the interest rate of Vastu Home Loan?

The Vastu Home Loan interest rate starts from 12.50% onwards. The following are the other Vastu Home Loan Schemes' interest rates:

Vastu Housing Finance offers a variety of home loan schemes that cater to different requirements. Since you know the Vastu finance Home Loan interest rate, you should know about these too. 

1. Home Loan

   • Can be used to purchase a property that is finished or in the process of being built.

   • The maximum loan amount is Rs. 50 lakh. 

   • The term can be up to 20 years, but it is also determined by other factors.

2. Home Extension/Improvement Loan

   • Can be used for outside and inner fixes and primary upgrades.

   • Can be used to construct an expansion to the current unit.

   • The loan limit is Rs. 50 lakh.

   • The maximum loan term is twenty years.

3. Construction Loan

   • For the building of a house on a piece of used land.

   • If construction has begun three months prior to the loan approval date, the borrower may apply for a refinance for any additional payments they have already made.

   • 20 years of tenure is the maximum.

   • The loan limit is Rs. 50 lakh.

4. Plot + Construction Loan

   • A loan with two parts can be used to buy a plot and build a house.

   • Plot loans of up to 75% of the price of the land or up to 60% of the land's market value.

   • The loan limit is Rs. 50 lakh.

   • 20 years of tenure is the maximum.

I hope now you know all about Vastu Housing Finance rate of interest.