LOANS-VISTARA-PROJECT CONSULTING-JP NAGAR-2ND PHASE

LOANS-VISTARA-PROJECT CONSULTING-JP NAGAR-2ND PHASE

VISTARA near jp nagar 2nd phase, can offer credit solutions to meet your specific short-term or long term funding requirements.
We provide structured financing solutions for personal as well as professional needs. The loans are provided at competitive rates.
Under Home Loans we offer Property Purchase Loans , Plot Purchase Loans , Renovation / Repair Loans , Construction Loans , Extension Loans , etc under Non - Home Loans we offer Mortgage Loans, Project Loans , Term Loans , MSME Loan , etc.



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VISTARA

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HOME LOANS 

Vistara Home Loans offers the best features and most competitive pricing to the widest range of borrowers seeking to buy their dream home. While every home loan is a very personalized need of borrowers and Vistara Home Loans makes the best effort to understand the requirement and provide them with the most customized home loans.

Someof our salient features are presented below:

Maximum loan

We offer upto 90% of the cost of the property (including the cost of the land), if your loan requirement is upto Rs. 30 lacs . For loans above Rs. 30 lacs and upto Rs. 75 Lacs , it is upto 80% and for loans above Rs 75 Lacs, it can be maximum 75% of the cost of the property . This is subject to the repayment capacity of the customer

Maximum Term

30 years subject to your retirement age.

Applicant and Co-Applicant to the loan

Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co-owners.

Adjustable Interest Rate Home Loan

Loan under Adjustable Interest Rate is linked to benchmark rates of IHFL. The rate on your loan may be revised from the following month, if there is a change in the benchmark rate of IHFL. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.

Purpose

Purchase of Flat, row house, bungalow from developers, existing freehold properties, properties in an existing co-operative housing society or apartment owners association.

Construction of residential dwelling unit on a plot already owned.

Purchase of residential plot and / or construction thereon

Extension of existing residential property (adding floors, new rooms)

Renovation of existing residential property

* Conditions Apply·

Benefits

• Approval of loan even if property is yet to be selected

• Online management of Loan account

• Funding available for NRI customers

• Facility for funding for builder’s under construction and ready properties

• Experienced staff to provide doorstep services

• Quick processing and disbursal of loans

LOAN AMOUNT VARIABLE RATES

Upto and including Rs 30 lacs                           8.35% to 9.75%

More than Rs 30 Lacs and upto Rs 75 lacs      8.50% to 9.75%

More than Rs 75 Lacs and upto Rs 300 lacs    8.70% to 10.75%

More than Rs 300 Lacs                                     8.80% to 11.75%

1. PLOT PURCHASE

  • LOAN TERM - 15 yrs (max)

  • PURPOSE - Purchase of residential plot 

  • LOAN AMOUNT - 75% of the plot value

  • MODE OF REPAYMENT - EMI  

  • RATE OF INTEREST - VARIES SUBJECT TO YOUR ABILITY 

  • UPFRONT FEES - AS APPLICABLE FROM TIME TO TIME  


2. RENOVATION/REPAIR

  • LOAN TERM - Salaried - 30 yrs, Self employed - 20 years (max)

  • PURPOSE - Renovation/Repair

  • LOAN AMOUNT - 85% of total cost of the property for loans up to 20 Lacs; 80% of

                                         total cost of the property for loans above 20 Lacs and up to 75 Lacs ;

                                         75% of  total cost of the property for loans above 75 lacs (minimum amount - 1 lac)

  • MODE OF REPAYMENT - EMI

  • RATE OF INTEREST - VARIES SUBJECT TO YOUR ABILITY

  • UPFRONT FEES - AS APPLICABLE FROM TIME TO TIME


3. CONSTRUCTION

  • LOAN TERM - Salaried - 30 yrs, Self employed - 20 years (max)

  • LOAN AMOUNT - 85% of total cost of the property for loans up to 20 Lacs; 80% of

                                         total cost of the property for loans above 20 Lacs and up to 75 Lacs ;75% of  total

                                         cost of the property for loans above 75 lacs (minimum amount - 1 lac)

  • MODE OF REPAYMENT - EMI

  • RATE OF INTEREST - VARIES SUBJECT TO YOUR ABILITY

  • UPFRONT FEES - AS APPLICABLE FROM TIME TO TIME


4. EXTENSION

  • LOAN TERM - Salaried - 30 yrs, Self employed - 20 years (max)

  • LOAN AMOUNT - 85% of total cost of the property for loans up to 20 Lacs; 80% of

                                         total cost of the property for loans above 20 Lacs and up to 75 Lacs ;75% of  total

                                         cost of the property for loans above 75 lacs (minimum amount - 1 lac)

  • MODE OF REPAYMENT - EMI

  • RATE OF INTEREST - VARIES SUBJECT TO YOUR ABILITY

  • UPFRONT FEES - AS APPLICABLE FROM TIME TO TIME


5. PROPERTY PURCHASE

  • LOAN TERM - Salaried - 30 yrs, Self employed - 20 years (max)

  • LOAN AMOUNT - 85% of total cost of the property for loans up to 20 Lacs; 80% of

                                         total cost of the property for loans above 20 Lacs and up to 75 Lacs ;75% of  total

                                         cost of the property for loans above 75 lacs (minimum amount - 1 lac)

  • MODE OF REPAYMENT - EMI



MORTGAGE LOANS

A) LOAN AGAINST PROPERTY (LAP)

  • OFFERED TO –Salaried, Self Employed Professionals and Self Employed Non- Professionals

  • WHAT FOR – to fulfil the personal needs

  • LOAN AMOUNT RANGE – From 15 Lacs and up to 10 Crore

  • TERM – UPTO 15 years


B) LOAN AGAINST COMMERCIAL PROPERTY/ PLOT (LCR)

  • OFFERED TO –Salaried, Self Employed Professionals and Self Employed Non- Professionals

  • WHAT FOR – to fulfil the personal needs

  • LOAN AMOUNT RANGE – From 15 Lacs and up to 10 Crore

  • TERM – UPTO 15 years


C) LEASE RENTAL DISCOUNTING (LRD)

  • OFFERED TO –Salaried, Self Employed Professionals and Self Employed Non- Professionals

  • WHAT FOR – to fulfil the personal needs

  • LOAN AMOUNT RANGE – From 15 Lacs and up to 10 Crore

  • TERM – Subject to lease agreement conditions


D) COMMERCIAL PROPERTY PURCHASE

VISTARA offers loans for the purchase of UNDER CONSTRUCTION as well as READY TO BUY COMMERCIAL PURCHASES.

  • OFFERED TO –Salaried, Self Employed Professionals and Self Employed Non-Professionals

  • WHAT FOR – to fulfil the personal needs

  • LOAN AMOUNT RANGE – From 15 Lacs and up to 10 Crore

  • TERM – Subject to lease agreement conditions




 MSME LOAN 

Loans for Micro , Small and Medium Enterprises

MICRO

  • TURN OVER - Less than Rs 5 crore

  • RBI/ MSMED ACT-INVESTMENT IN PLANT AND MACHINERY - Less than Rs. 25 lakh for mfg.units and less than Rs. 10 lakh for services units

  •  CREDIT REQUIREMENT - Less than Rs 50 lakh

SMALL

  • TURN OVER - Rs 5 - 20 crore

  • RBI/ MSMED ACT-INVESTMENT IN PLANT AND MACHINERY - Less than Rs 5 crore for mfg. units and less than Rs 2 crore for services units

  • CREDIT REQUIREMENT - Rs 50 lakh - Rs 5 crore

MEDIUM

  • TURN OVER - Rs 20 - 200 crore

  • RBI/ MSMED ACT-INVESTMENT IN PLANT AND MACHINERY - Rs 5 - 10 crore for mfg. units and Rs 2-5 crore for services units

  • CREDIT REQUIREMENT - Rs 5 crore - Rs 20 crore




 

PROJECT LOANS

  • LOAN AMOUNT – Up to 40 crores

  • LIMIT - Subject to the applicant's profile

  • SECURITY - Asset of 1.5 times

  • TERM – Up to 5 years

  • OFFERED TO – VENTURES/PARTNERSHIP FIRMS IN ALL THE BUSINESS SECTIONS ( There are exceptions)


Documents required for availing Project Finance:

  • Company profile including existing product range

  • Promoter profile including KYC details

  • Purpose of the loan

  • Security offered

  • Audited balance sheets of the last 3 years

  • The credit officer might require additional documents during the credit evaluation for your SME Loan to apply,just email us at [email protected] and we will get back to you.




 

TERM LOANS :

VISTARA can offer credit solutions to meet your specific short-term or long term funding requirements. We provide structured term financing solutions for personal as well as professional needs. The loans are provided at competitive rates.

A) EDUCATION LOAN

  • Loan can be availed by,

           Indians, planning for higher education in Abroad.

  • If I want to apply for foreign countries,

           We have specialized products for other countries too. However, the final loan product shall be as per              the Country finalized by you for your higher education.

  • Currency the loan to be repaid in,

           Repayments of the loan to be made by the borrower in Indian Rupees only.

Eligibility

  • Borrower must be an Indian citizen

  • Co-applicants must be an Indian citizen

  • Co-borrower(s) must have a bank account in any bank in India with cheque writing facilities

  • Confirmed admission in the colleges before disbursement 

Loan Amount

Minimum - Rs. 1,00,000

Maximum - No limit (Subject to norms from time to time)


  • Parshuram Patil on 03/06/2018 11:04:49

    Vistara has provided me with loan in quite a less time for the property i required and also educated me about the property i was buying, really liked the work . Keep up the work same like this.