Disclaimer: Vastu Housing Finance is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Vastu Housing Finance for home loans. No offers/services from Vastu Housing Finance are being provided by Paisabazaar for home loans. For further information about Vastu Housing Finance for home loans, users are required to reach out directly to Vastu Housing Finance.
| Vastu Housing Finance Highlights | |
| Interest Rate | 12.50%-19.50% p.a. onwards |
| Loan Amount | Up to Rs 1 crore |
| Loan Tenure | Up to 20 years |
| Processing Fees | Up to 3% of the loan amount |
Note: Rates as of 6 November 2024
Table of Contents
Vastu Housing Finance Rate of Interest
Vastu Housing Finance offers home loans on both fixed and floating interest rates. The home loan interest rates depend on the applicant’s eligibility and collateral type.
| Particulars | Interest Rates (p.a.) |
| Salaried | 12.50% to 19.50% |
| Self-Employed | 13.00% to 19.50% |
Compare Home Loan Interest Rates for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Check Lenders Offering Home Loan at Attractive Interest Rates Apply Now
Vastu Home Loan Processing Fees & Other Charges
| Particulars | Charges |
| Processing Fees | Up to 3% of the sanctioned loan amount |
| Administrative Fees | Up to Rs 5,500 |
| Loan Cancellation Charges | Up to 4% of the sanctioned loan amount |
| Copy of Welcome Letter and Amortization Schedule | Rs 250 |
| Initial Non-refundable Application Fees | Rs 3,000 |
| CERSAI Charges | Rs.50 for loan amount up to Rs. 5 lakhs Rs.100 for loan amount above Rs.5 lakhs |
| PDC/NACH Bounce Charges | Rs 500 |
| Post disbursement document (PDD Charges) | Up to 0.50% of sanctioned loan amount |
| Non-refundable BT upfront fees mandate | Up to Rs 5,000 |
| Penal Charges | 24% yearly |
| PDC/NACH Swap fee | Rs 500 |
| Statement of Account, list of documents, foreclosure letter and duplicate NOC | Rs 500/document |
| Collection Charges | Rs 500/visit |
| Cheque Collection Charges | Rs 250 |
| Cash Collection Charges | Rs 500 |
| Original Document Retrieval Fee | Rs 3,000 |
| Prepayment and Foreclosure Charges | NIL |
Types of Vastu Housing Finance
Vastu Home Loans
Purpose: Vastu Housing Finance offers home loan for the purchase of a new home, resale of an under-construction property, existing property, or ready properties. The housing finance also offers a pre-approved home loan facility
Loan Amount: Up to Rs 1 crore
Tenure: Up to 20 years
Vastu Home Extension/Improvement Loan
Purpose: The housing finance also offers Home Extension Loan to applicants for creating additional living spaces in their existing houses. The product also offers loans for the extension of an existing residential dwelling unit. It can be a larger bathroom, additional room or enclosing an open balcony.
Prospective home loan borrowers can also avail Home Improvement Loan for external and external repairs and other structural improvements like internal and external painting, tiling and flooring, plumbing and electrical work, grills and aluminium windows, waterproofing and roofing, construction of underground/overhead water tank, waterproofing on terrace and paving of compound wall (with title/stone/etc.)
Loan Amount: Up to Rs 1 crore
Tenure: Up to 20 years
Plot & Construction Loan
Purpose: Vastu Housing Finance offers plot and construction loan for the applicants looking for the acquisition of plots and constructing a residential unit on that purchased plot. The HFC offers residential plot loans of up to 75% of the cost of land or 60% of market value of the land, whichever is lower.
Loan Amount: Up to Rs 1 crore
Tenure: Up to 20 years
Home Construction Loan
Purpose: Prospective borrowers can also avail home construction loan for the construction of house on the owned plot.
Loan Amount: Up to Rs 1 crore
Tenure: Up to 20 years
Check Lenders Offering Home Loan at Attractive Interest Rates Apply Now
Eligibility Criteria for Vastu Housing Finance
Vastu Housing Finance keeps an eye on income, other sustainable income, age, work experience, loan tenure and other key parameters, which can affect the applicant’s creditworthiness, while evaluating the home loan eligibility of their loan applicants.
Documents Required for Vastu Housing Finance
Stated below are the detailed list of home loan documents required to be submitted by Vastu home loan applicants:
- Application form
- Identification documents
- Address proof
- Income documents
- Bank statements
- Property documents
Vastu Home Loan EMI Calculator
Vastu HFC has not provided a home loan EMI calculator on its website. Hence, individuals planning to avail home loan from Vastu HFC can visit online financial marketplaces like Paisabazaar and use to their Home Loan EMI Calculators to find out their EMI and total interest cost based on the chosen loan amount, tenure and interest rate.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs on Vastu Housing Finance
1. What is the current interest rate of Vastu Housing Finance?
Ans. The current interest rate for home loans at Vastu Housing Finance is starting at 12.50% p.a. for salaried applicants and 13% p.a. for self-employed applicants.
2. How to apply for a home loan from Vastu Housing Finance?
Ans. Applicants can visit the home page of Vastu Housing Finance’s website and click on the ‘Apply Now’ button there to apply for a home loan.
3. Who is eligible to apply for Vastu Home Loan?
Ans. Indian residents who are self-employed or salaried can apply for Vastu Housing Loans.
4. What is the minimum credit score required to avail Vastu Home Loan?
Ans. The Vastu Housing Finance Company has not specified the minimum credit score criteria of an applicant. Generally, individuals having credit scores of 700 and above are preferred by lenders as such credit scores indicate responsible credit behaviour on their part, which reduces the credit risk for the lenders.
5. Vastu Housing Finance offers housing loans at fixed or floating rate of interest?
Ans. Vastu Housing Finance offers both fixed and floating rate home loans depending on the applicant’s home loan eligibility and collateral type.
6. What is the customer care number for Vastu Housing Finance?
Ans. Applicants can call 1800 22 0001 between 10:00 am to 6:00 pm from Monday to Friday.
7. Can customers prepay their Vastu Home Loans?
Ans. Yes, the Housing Finance Company allows its customers to repay their home loans, however, check for any charges.