A Housing Finance Company registered under the Companies Act, 1956 (1 of 1956) and holding certificate of National Housing Bank. Its principal object is of providing finance for housing.
A person having fixed monthly salary or person carrying out business whether professional or non-profession, skilled or unskilled. Person having eligible income but do not have valid proof of income, like Income Tax Return.
Co-applicant can be immediate family member. Co-owner of the property can also be the co-applicant.
You can avail upto 90% of loan including value of property and other related cost for the Loan amount up to 20,00,000. And upto 80% in other cases. This is subject to valuation of property as assessed by us.
You can apply for maximum upto 25 years. The tenure is based depending upon the Interest Rate, Age criteria of the applicant and age of property.
To determine your repayment capacity, we take into account factors such as:
No, you can provide any other valid income proof.
Your loan can get sanctioned in a matter of days provided you have all the documents in place and satisfactory verification.
Processing fees is required to pay one time to get the loan processed. It is calculated on the amount sanctioned. This covers processing incurred towards credit appraisal, legal, technical procedure and site visit.
By paying fixed payment amount to us at a specified date of each calendar month. Equated monthly installments(EMIs) are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.
Yes, you can prepay the loan at any stage. There is no pre-closure/ prepayment penalty applicable on our Loans.
You'll need to provide security of the property and/or any other additional collateral security as may be mutually agreed upon.
Yes, you are eligible for tax benefits on the principal and interest components of the loan under the Income Tax Act, 1961. However as the benefits could vary each year, do check out the current benefits available.
*Subject to Terms & Condition
*Finance is the sole discretion of VHFL
