Home Home Loan
Our Home Purchase Loan product is carefully crafted to accommodate diverse types of home purchase transactions.
The product features are as follows :
|PLR – 17.67 %|
|Segment||Interest Rate||PLR Less Spread|
|Salaried||12.5% - 16.5 %||Less 5.17% – Less 1.17%|
|Self – Employed||13.5% - 17.5 %||Less 4.17% – Less 0.17%|
|Initial Non-refundable Processing Fee||Rs 3,000 plus applicable taxes and/ or other statutory levies This is a one time non-refundable fee, and is collected by Vastu HFC for the purpose of appraising the application for the Loan and is independent of the outcome/result of such appraisal. This amount is payable at the time of submitting the application form.|
|Processing Fees||Upto 2% of Loan Amount plus applicable taxes and/ or other statutory levies|
We undertake a comprehensive collateral evaluation which comprises of a legal and technical appraisal to understand the marketability, maintenance, the age of property, level of construction, quality of construction, if required legal clearances are in place and so on.
Security interest on the property being financed and / or collateral may be required as per the terms stated in the sanction letter.
As a customer of Vastu, we would provide you all the necessary records and documentation for you to avail the tax benefits on your loan.
We strongly recommend insurance coverage on the property being financed and on the repayments of your home loan.