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For Vastu Housing Finance home loans in 2026, interest rates are competitive and influenced by factors like repo rate linked benchmarks and MCLR (Marginal Cost of Funds based Lending Rate). Floating rate options start from 8.75% p.a. to 9.75% p.a., offering flexibility with market fluctuations, while fixed rate loans range from 9.25% p.a. to 10.25% p.a., providing stability against rate changes. The annual percentage rate (APR) incorporates these base rates plus applicable fees, typically resulting in an effective APR of 9.0% to 10.5% depending on the borrower's profile.
Processing fees are charged at 0.5% to 1% of the loan amount, subject to a minimum of ₹5,000 and a maximum of ₹20,000 (plus GST). Prepayment charges apply differently: for floating rate loans, there are no penalties on partial or full prepayment, aligning with RBI guidelines. For fixed rate loans, prepayment charges can be up to 2% on the outstanding principal if prepaid within the first three years. Foreclosure charges are nil for floating rates but may incur 3-4% for fixed rates if closed early using own funds.
The Vastu Housing Finance Home Loan EMI Calculator is a user-friendly tool to estimate monthly repayments. To use it, input the principal loan amount (e.g., ₹50 lakhs), the loan tenure in months or years (up to 30 years), and the applicable interest rate (such as 9% p.a. floating rate). The calculator applies the EMI formula: EMI = [P x R x (1+R)^N] / [(1+R)^N – 1], where P is principal, R is monthly interest rate, and N is the number of installments. It provides instant results, including total interest payable and amortization schedule, helping users compare floating rate versus fixed rate scenarios based on current repo rate linked trends.
Eligibility for Vastu Housing Finance home loans requires applicants to be aged 21 to 65 years at loan maturity. Income eligibility starts at a minimum monthly income of ₹25,000 for salaried individuals and ₹3 lakhs annual turnover for self-employed, with co-applicants allowed to boost eligibility. A strong CIBIL score of 700 or above is essential, as it impacts interest rates and approval. Employment type matters—stable salaried jobs or businesses with at least two years' continuity are preferred. The loan-to-value ratio (LTV) is up to 90% for loans under ₹30 lakhs and 80% for higher amounts, depending on property valuation and borrower's creditworthiness.
Vastu Housing Finance offers flexible loan tenures from 5 to 30 years, allowing borrowers to choose based on affordability and EMI calculations. Shorter tenures reduce total interest but increase monthly EMIs, while longer ones spread costs. Repayment options include equated monthly installments (EMIs) via post-dated cheques, ECS, or auto-debit. Prepayment flexibility is high for floating rate loans with no charges, enabling partial payments to reduce tenure or EMI. Foreclosure rules permit full repayment after a six-month lock-in, with no fees for floating rates but potential charges for fixed rates if sourced externally. Step-up or step-down EMI options are available for varying income profiles, ensuring alignment with financial planning.
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