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Vistaar Finance Home Loan
In India's semi-urban and rural regions, where accessibility to official credit routes is extremely limited, Vistaar Finance focuses on meeting the credit needs of both individuals and enterprises. It provides a range of loan solutions that are specifically designed to fulfil the needs of its target clientele. The loans that are available include loans for vehicles, agricultural activities, cost-effective housing, and small-scale micro businesses. The company's goal is to facilitate financial empowerment by giving underprivileged populations quick financing at competitive rates. It seeks to encourage the entrepreneurial spirit, create jobs, and boost the economy in India's semi-urban and remote regions. Vistaar Finance uses technological advances to streamline its loan processes and has a customer-centric philosophy. In order to evaluate creditworthiness and increase operational effectiveness, it makes use of digital platforms as well as statistical analysis.
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Vistaar Finance Home Loan
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Vistaar Finance Home LoanHere are a few factors
| 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 |
Vistaar Finance Home Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 13 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,932 |
| Total Interest | ₹ 7,181 |
| Loan Amount + Interest | ₹ 107,181 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,803 | ₹ 2,993 | ₹ 26,796 | ₹ 76,197 | 23.80 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,202 | ₹ 4,186 | ₹ 80,388 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Vistaar Finance Home Loan
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if new purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
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
- 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
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 .
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
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.
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