Jaipur, December 12, 2022: Vastu Housing Finance Corporation Limited, India’s leading affordable housing finance companies, has launched “Vastu on Wheels”. The mobile van would travel across major towns and villages across Rajasthan and would offer on-spot loan approvals to customers through a completely paper-less application process at affordable rates.
The affordable housing sector in Rajasthan has witnessed exponential growth during the festive season and the demand is nearing pre COVID-pandemic levels. Vastu has witnessed a strong demand for affordable housing across Rajasthan which triggered them to come up with innovative solutions to promote affordable housing and to cater to the increased demands of borrowers at their door step. Vastu on Wheels will cater to the demands of service salaried, self-employed individuals such as shopkeepers, traders, manufacturers, merchants, small vendors, drivers, kirana stores etc. to purchase or construct their dream home. With robust infrastructure coupled with long term economic growth, localities like Jaipur, Kota, Udaipur, Jodhpur, Bikaner, Alwar have emerged as top destinations for affordable housing.
Sandeep Menon – Founder, Managing Director & Chief Executive Officer, Vastu Housing Finance said, “Vastu on Wheels will help us connect with our customers directly and offer on-spot loan approval. We aim to reach customer base of over 10,000 through this effort across the state of Rajasthan. The activity is in-line with our focus of addressing the growing needs of homebuyers in Tier 2 and Tier 3 cities and towns. With digitalization in home buying, this tech-enabled activity would cater to the increasing demands in affordable housing across Rajasthan by providing simpler, easier and faster loans”.
Vastu on Wheels, spanning for a period of 30 days, will cover over 25 cities including Churu, Sikar, Behror, Deoli, Baran etc. and cater to the credit demands of borrowers across the state. Through this activity, Vastu will provide faster credit to underserved customer segment across Rajasthan which has become a top pick for mid segment homebuyers. Vastu has created a faster, more convenient, and digital offering for home loan customers.
Vastu Housing Finance has been innovating in the credit lending space. The award-winning proprietary technology platform PULSE, has been the game changer in helping Vastu’s customers to estimate and demonstrate their undocumented income to avail credit solutions from the company.