Explore Your Options
Vastu Finserv Business Loan
Vastu Finserv Business Loan is a financial solution put forward by Vastu Finserve India Private Limited. As a non-banking financial institution, Vastu Finserve India Private Limited is devoted to offering effortless and cost-effective financial services to clients who are otherwise underserved by traditional credit systemsVastu Finserv Business Loan.
Powered By
Vastu Finserv Business Loan
Apply Now
Vastu Finserv Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 700+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | 1 Cr+ |
| Loan Amount & Tenure | 10
Lac-35 Lac (12 month to 36 month) |
| Loan Product | Term Loan |
| Rate of Interest & Type | 17% to 21% (Reducing) |
| TAT | Sanction-3
Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Mandatory |
| Proprietor Age/Co-Applicant Age | 24 Year-65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, one should be owned at business place |
| Business Registration Proof Mandatory | Yes |
| Program | GST Program-30 Lac, Banking Program-30 Lac, Income Program-35 Lac |
| Product for Professionals | No |
| Negative Profile | Both
Side Rented Applicant, School, Grain Traders, Advocate,Jewellers, Share
Traders, Gym, Liquor Business, Coal Industry, Aviation Sector, Tour & Travel, Real Estate |
| USP | 1. 2 bouncing accepted in last 6 month |
| Additional | 1.
Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. Hotel & Civil Contractors is catious profile |
Vastu Finserv Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents required for Vastu Finserv Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
-
KYC of applicant & Co-Applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 3 year audited balance sheet of applicant
-
Last 3 year Tax audit report of applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
26AS of last 2 year of applicant & co-applicant
-
Copy of GST registration
-
Copy of MSME registration
-
Copy of Last 12 month GST return
-
Sanction letter of all running loan
-
Debt Sheet
-
Latest utility Bill of residence if owned or rent agreement if rented
-
Latest utility Bill of Office if owned or rent agreement if rented
-
2 Reference with contact details
-
Last 3 year Debtors & Creditors on letter head
-
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : Vastu Finserv Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Vastu Finserv Business Loan
Welcome to Vastu Finserv Business Loans' world of business prospects. Vastu Finserv Business Loan is the spark of inspiration that ignites your adventure, whether it's scaling your firm, releasing groundbreaking goods, or overcoming new frontiers. Are you a businessperson with a ready-to-realize vision? Vastu Finserv Business Loan can be an essential part of realizing your company's highest possible potential.
Timing is crucial in the fast-paced business industry. Vastu Finserv's quick approval process makes sure you have the funds you require whenever you need them. These business loans have competitive interest rates, allowing you to put your energy into development and innovation.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
The Vastu Finserv Business Loan is a form of secured funding designed for property owners in need of financing for their businesses.
The potential loan amount from Vastu Finserv Business Loan largely depends on a variety of factors such as the borrower's profile, maturity of the property, repayment plan among others.
Vastu Finserv Business Loan can extend up to a period of four years, contingent on variables such as borrower's profile, maturity of the property, and the selected repayment scheme.
The loan interest rate for Vastu Finserv Business Loan falls within a range of 18% to 21%. Several factors including loan amount, loan-to-value ratio, and the borrower's creditworthiness influence the final rate. The interest rate aligns with Vastu Finserve India Private Limited's Prime Lending Rate (PLR), which stood at 18% as of March 2023.
The interest rate for Vastu Finserv Business Loan aligns with Vastu Finserve India Private Limited's PLR, which fluctuates with the market conditions and the company's fund costs. Consequently, the loan interest rate may adjust with changes in the PLR.
Processing fees for Vastu Finserv Business Loan can go up to 2% of the loan amount, exclusive of applicable taxes and levies.
While the company does not specifically mention any allowance for partial payments on their website, they do ensure borrowers are made aware of their payment schedule prior to the loan disbursal.
Vastu Finserve does not offer unsecured overdrafts. They only provide loans secured by residential or commercial properties.
Applications for a Vastu Finserv Business Loan can be made either online or via a phone call to their customer care. Direct branch visits, emails to [email protected], or calls to their toll-free number: 1800 26 77770 are also viable application methods.
To be eligible for a Vastu Finserv Business Loan, one must own a residential or commercial property. The loan approval also depends on factors such as business turnover, years in operation, cash flow analysis, age at loan maturity, and other crucial aspects.
The status of a Vastu Finserv Business Loan application can be tracked through their mobile app by logging in with user credentials. Alternatively, customer care can be contacted or the nearest branch can be visited for assistance.
Repayment of a Vastu Finserv Business Loan can be facilitated through various methods such as Electronic Clearing Service (ECS), National Automated Clearing House (NACH), post-dated cheques, cash or cheque. Payments can also be made online via their mobile app.
A revised repayment schedule for a Vastu Finserv Business Loan can be downloaded from their app, or obtained by contacting their customer care or visiting a branch.
Missing a payment or defaulting on a Vastu Finserv Business Loan could result in late payment charges, penal interest, and other fees as per the loan agreement. It could also negatively impact your credit score and future loan eligibility.
Vastu Finserve can be contacted for queries or complaints regarding a Vastu Finserv Business Loan through email at custome[email protected] or via their toll-free number: 1800 26 77770. Direct branch visits or correspondence through their registered office address are also options.
A Vastu Finserv Business Loan account can be closed by paying off the outstanding balance along with any applicable charges and fees. A foreclosure statement can be requested from their customer care or at a branch. The original loan documents and a closure letter must be submitted to receive a no-dues certificate.
Potential tax benefits from a Vastu Finserv Business Loan can be obtained if the loan is used for business purposes and the paid interest is claimed as an expense. However, it is advisable to consult a tax advisor for specific guidance and details.
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Copyright 2023 © Referloan.in.