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Vastu Housing Finance Corporation Limited, a Mumbai-based housing finance company established in 2015 and registered with the National Housing Bank, specializes in home loans for purchase, construction, renovation, extension, and improvement of residential properties up to Rs.50 lakh. As of November 2025, Vastu Housing Finance home loan interest rate starts at 12.50% p.a. for salaried applicants with strong credit profiles (CIBIL 700+), and 13.50% p.a. for self-employed individuals, with repayment tenures up to 20 years. The lender supports PMAY-CLSS subsidies up to 6.50% for EWS/LIG/MIG categories (annual income below Rs.18 lakh and property value ≤Rs.45 lakh), features a processing fee of up to 3% + GST (min Rs.3,000 non-refundable), and provides approvals in 7-15 days with doorstep document collection across its 100+ branches in 10 states.
Key Highlights of Vastu Housing Finance Home Loan
|
Feature |
Details |
|
Interest Rate |
Starts at 12.50% p.a. for salaried (13.50% p.a. for self-employed; up to 17.50% p.a. based on profile) |
|
Processing Fee |
Up to 3% + GST (min Rs.3,000 non-refundable) |
|
Loan Amount |
Up to Rs.50 lakh (80-90% LTV for PMAY-eligible properties ≤Rs.45 lakh) |
|
Repayment Tenure |
Up to 20 years |
|
Applicant Age |
21-70 years (at maturity) |
|
Approval & Disbursal Time |
7–15 working days (faster for complete docs) |
|
Prepayment Charges |
Nil for floating rate loans (no foreclosure/part-payment penalties) |
|
Eligibility (Salaried) |
Rs.15,000+ monthly; 1 year job; CIBIL 700+ (low scores accepted with justification) |
|
Eligibility (Self-Employed) |
2 years business; surrogate proofs (informal income OK; no strict ITR for <Rs.20 lakh); CIBIL 700+ |
Vastu Housing Finance home loan interest rate is floating, linked to the company's Prime Lending Rate (PLR) at 20.02% as of August 2024 with no updates post-November 2025, with spreads adjusted for credit profile, income, and PMAY status—starting at 12.50% p.a. for salaried with CIBIL 700+ on loans up to Rs.30 lakh, rising to 13.50%-17.50% p.a. for self-employed or informal income applicants. PMAY-CLSS subsidy (6.50% on Rs.6 lakh for EWS/LIG) reduces effective rate to ~6.00%; daily reducing balance applies, with no fixed rate option. Women applicants receive a 0.05% concession.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥700) |
12.50% |
16.50% |
Stable income, ≤Rs.30 lakh loan, PMAY eligibility |
|
Self-Employed/Informal |
13.50% |
17.50% |
Surrogate proofs (bills/statements), business vintage |
|
Balance Transfer/Top-Up |
13.00% |
16.00% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
12.50% (effective ~6.00%) |
13.50% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Vastu Housing Finance |
12.50% |
Up to 3% |
20 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For a Rs.30 lakh loan over 20 years at 12.50%, EMI is Rs.33,800—Rs.8,000 higher monthly than SBI's 7.50%, but PMAY subsidy saves Rs.2 lakh+ for LIG, and low-CIBIL acceptance (700+ with justification) aids informal earners.
Vastu Housing Finance home loan calculator at vastuhfc.com/emi-calculator computes EMI, eligibility, and PMAY subsidies—input amount, rate (12.50%-17.50%), tenure for amortization and tax benefits (Rs.1.5 lakh u/s 80C + Rs.2 lakh u/s 24b).
Loan Amount: Rs.30 lakh
Interest Rate: 12.50% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.33,800 |
Rs.41.12 lakh |
Rs.71.12 lakh |
Reduce to 15 years: EMI Rs.38,500, saves Rs.10 lakh interest; PMAY adds Rs.2 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
Up to 3% + GST (min Rs.3,000 non-refundable) |
|
Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
|
CERSAI Registration |
Rs.500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <4%; no commitment fees, PMAY cuts processing by 50%.
● Age: 21–70 years
● Rs.15,000+ monthly net income
● 1 year in current job
● CIBIL: 700+ (lower with justification)
● Age: 23–70 years
● 2 years business
● Surrogate proofs (bank statements/utility bills); informal income accepted
● CIBIL: 700+ (low scores funded via alternative assessment)
90% LTV for PMAY; co-applicants (up to 4) enhance; no guarantor.
|
Service |
Contact Details |
|
Helpline (10AM-6PM) |
022-24999911 |
|
Email for Queries |
customercare@vastuhfc.com |
|
Grievance Redressal |
complaints@vastuhfc.com |
|
Branch Hours |
10 AM–6 PM (Mon-Sat) |
Login to vastuhfc.com/customer-portal with ref no./mobile OTP—track stages: Submitted, Verified, Sanctioned, Disbursed. Email customercare@vastuhfc.com for updates (48-hour response); visit branch with ID for in-person status.
Salaried applicants require a minimum Rs.15,000 monthly net income, while self-employed or informal earners are assessed via surrogate proofs (e.g., bank statements/utility bills) without a strict ITR threshold for loans <Rs.20 lakh. The company evaluates based on 50% debt-to-income ratio for EMI affordability up to Rs.50 lakh; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants (up to 4) increasing limits by 20-30%.
NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 13.00% p.a. with 80% LTV via power of attorney. Submit attested salary slips and overseas address; contact customer care for NRI desks, with disbursal in 10-15 days.
Yes, PMAY-CLSS offers 6.50% interest subsidy up to Rs.2.67 lakh on loans ≤Rs.12 lakh for EWS/LIG/MIG (income <Rs.18 lakh/year, property ≤Rs.45 lakh). Eligibility requires Aadhaar-seeding; the company handles doorstep claims, reducing effective rate to ~6.00% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 13.00%-14.00% (0.50%-1% lower than originators) requires 12-month statements and NOC, with up to 2% processing fee. It includes top-up up to 20% original for renovations; processing takes 7-10 days, saving Rs.2,500+ monthly on Rs.30 lakh loans.
With affordable housing demand rising 12% in 2025 (NHB data), Vastu Housing Finance home loan interest rate calculator processing fee requirements application process customer care status empowers informal earners with low-CIBIL funding, PMAY doorstep subsidies, and no prepay fees—financing 50,000+ families across 100+ branches. Ideal for Rs.5-50 lakh journeys. Apply at vastuhfc.com or email customercare@vastuhfc.com.
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