Here are a few factors

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Location 50Km from Branch
CIBIL Score 650+ & Minus 1 CIBIL applicant
Applicant Only Self Employed Person
Applicant Age 25 Year to 70 Year
Loan Amount & Tenure 5 Lac to 50 Lac
(5 Year to 15 Year)
Login Fees 2500+
Rate of Interest & Type 13% to 21% (Reducing)
TAT 15 Days
Processing Fees 2%-2.50%+GST
Insurance & Other Charges Insurance Charges:3%-4% 
Foreclosure Charges Nil for Individual 
Minimum Income Which is enough to Pay EMI
Lock In Period 12 Month
Part Payment Allowed Yes upto 25% 
Home Loan OD Product No
LTV 70% of Market Value
Product (i) BT+Top UP (ii) Fresh Loan (iii) Plot Purchase+Construction (iv) Home Renovation
Program (i) Income Program-50 Lac ((ii) LIP Program- 50 Lac (iii) Without ITR-20 Lac
CO - Applicant Yes
FOIR Self Employed-80% FOIR
Negative Profile (i) Politician (ii) NRI (iii) Salaried Applicant 
Funded Property Type (i) Residential Property (ii)Residential Plot Purchase & Construction
Negative Property (i) GPA Property(ii) Auction Purchase (iii)Unapproved 4th & above floor, (iv) Demolition List Property (v) Basement
(vi) Dual Without Map Unit & Multi Unit (vii) Bachha Flat
Accepted Collateral (i) Approved Property (ii) Khasra-Khatauni Property (iii) Lal Dora Property (iv)Un-approved Property (v)Gram Panchayat Property (vi) Legal & technical not clear (vii) Sub-divided Property (viii)Without MAP Property (ix)Subject to Sale Deed (x) Regularized Colony (xi) Stone Slab Property (xii) Basement with 1st Floor 
Business Vintage for Self Employed Person 3 Year
Minimum Job Experience for Salaried Person NA
Experience with Current Employer NA
Any Specfic Product for Professionals No
USP Funding on all Properties
Additional 1.No Funding for Plot Purchase
2. No Seller BT Product
Right Documents - Easy Process

Required Documents to Apply for Vistaar Finance Home Loan

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • Approved MAP of Property if available
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • 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
  • Agreement to Sale if new purchase case
  • Property Paper with complete chain of last 13 years
  • Approved MAP of Property if available
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • 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

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required

About Vistaar Finance Home Loan

A maximum of us find it difficult to afford to buy a home or property entirely with cash, so a home loan enables us to spread out the cost over a number of years, proactively making homeownership more possible.

Home loans commonly have lengthy payback terms of 15 to 30 years. By extending the repayment time, borrowers may more easily budget their monthly payments.

A home loan's interest rate has a big influence on the total cost of the loan. Vistaar Finance offers customers the best possible interest rates.

Key Highlights Of Vistaar Finance Home Loan

The sudden need for finances is sometimes unavoidable, whether personally or professionally. So, consider a loan against property as the first and best option for immediate funds. Also, as per the market trends, Vistaar Finance Home Loan has been acting like a boom because of its lowest interest rates and higher loan amounts. Let us move ahead in this article and learn more about the benefits and other details of Vistaar Finance Home Loan .

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

You may be eligible for a loan up to INR 25 lakh.

It depends on how thorough the provided documentation is. The processing might take approximately two to four weeks after everything is determined to be in order.

The variable tenure choices offered by Vistaar Finance range in length from 12 months to sixty months.

Your financing amount will be determined based on your earnings.

Yes, a minimal processing charge would be charged.