Features
Loan Amount : Up to INR 3 Lakhs
Maximum Tenor : 60 months
Maximum LTV : 95%
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, Vintage of the Vehicle at loan maturity, etc.
Rates & Charges
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Processing Fees
1% of the loan amount + GST
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Interest Rate
21.5% -23.5% per annum
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PLR:
20.77%
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PLR less spread
Plus 2.83% - Plus 4.83%
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Interest Rate Type
Fixed
Documentation
Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.
- Identity Proof
- Address Proof
- Income Proof
- Bank Statement
- Collateral Document
Please note that depending on the individual case, Vastu Finserve reserves the right to ask for any additional documents as well.
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Initial Non-refundable Processing Fee
Rs 3,000 plus applicable taxes and/ or other statutory levies This is a one time non-refundable fee, and is collected by Vastu HFC for the purpose of appraising the application for the Loan and is independent of the outcome/result of such appraisal. This amount is payable at the time of submitting the application form.
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Processing Fees
Upto 2% of Loan Amount plus applicable taxes and/ or other statutory levies
Documentation
Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.
- Identity Proof
- Address Proof
- Income Proof
- Bank Statement
- Collateral Document
Please note that depending on the individual case, Vastu Finserve reserves the right to ask for any additional documents as well.