Shriram Housing Finance Home Loan

  • Interest Rate starting at 10.49%
  • Loan Amount up to Rs.10 crores
  • Loan Tenure up to 25 years
  • Processing fees up to 1% + GST
Get Shriram Housing Finance Home Loan

Shriram Housing Finance offers home loans starting at 10.49% interest rate for a tenure of up to 25 years. They offer a number of home loan schemes, each catering to a customer’s unique requirements. They’re known for their simpler documentation and quick approvals. 

Shriram Housing Finance Home Loan Summary
Interest Rate 10.49% onwards
Loan Amount Up to Rs.10 crores
Loan Tenure Up to 25 years
Processing Charges Communicated at the time of application

Note : Rates and processing fees are subject to change at the discretion of the bank or according to RBI directives.

Note: They also offer customers the balance transfer and loan top-up facilities.

Shriram Housing Finance Home Loan Eligibility

Here are some basic eligibility criteria for getting a home loan from Shriram Housing Finance.

An Applicant must be:
  • An Indian Resident
  • Salaried or self-employed
  • Between 21 and 60 years of age
  • Good credit history and high Credit Score

Find out how much Shriram Housing Finance Loan you’re eligible for!

Use the Fincity Home Loan Eligibility Calculator - enter your monthly income, interest rate and other basic details to find out.

Shriram Housing Finance Home Loan Interest Rates

Shriram Housing Finance Home Loan interest rates are linked to Shriram Housing’s Prime Lending rate (SHPLR), the borrower’s requested loan amount and their risk profile. It currently starts at 10.49%.

Note :The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Shriram Housing Finance Home Loan Processing Fees & Charges

Here’s a list of the processing and other fees charged by Shriram Housing Finance when you apply for a Home Loan.

Particulars Charges
Processing fees

As mentioned in the preceding section(s) of the Sanction Letter

Prepayment charges/Foreclosure Charges
  • Part or Full Prepayment of the loan (on Floating Rate of Interest) by Individual borrower(s) where only Individuals are applicant/co-applicant: NIL
  • Part or Full Prepayment of the loan (on Floating / Fixed Rate of Interest) by the non-individual borrower(s) being an applicant or co-applicant:
    • 4% of principal prepaid + Applicable Taxes, in case, closed from own funds
    • Additional 2% of principal prepaid + Applicable Taxes, in case of Balance Transfer being done via borrowing from Bank/HFC/NBFC/Any Financial Institution
Instrument return charges

Rs.1000 per instance

Overdue interest rate
  • 30% p.a. i.e. 2.50% per month of the overdue installments/amount for floating rate loans
  • 36% p.a. i.e. 3.00% per month of the overdue instalments/amount for fixed-rate loans.
CERSAI fees

Rs.50 for loans up to Rs.5 lakhs & Rs.100 for loans greater than Rs.5 lakhs (to be collected at the time of closure of the loan)

Conversion fees
  • Fixed to Variable: up to 1.0% of the loan outstanding
  • Variable to Fixed: up to 1.5% of the loan outstanding
Loan cancellation charges

Rs.5000

Duplicate statement issuance charges

Rs.250 per instance

Photocopy of title deeds issuance charges

Rs.500 per instance

Retrieval of title deeds

Rs.500 per instance

Cheque/Instrument swap charges

Rs.500 per instance

Duplicate amortization schedule issuance charges

Rs.250 per instance

Duplicate interest certificate (provisional/actual) issuance charges

Rs.250 per instance

Mortgage Creation /Release Charges

As per the laws of the State where the property is located/mortgage is being created.

Legal / Recovery / Incidental Charges

As per actual, applicable in the event of default.

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Shriram Housing Finance Loan EMI Calculation

Buying a home is a big decision, and paying off your home loan in a timely manner requires good financial planning. Make sure to check your home loan EMI to plan ahead. Use the Fincity Home Loan EMI calculator; select the loan amount, interest rate and loan tenure to know the monthly EMI amount instantly.

Shriram Housing Finance Home Loan Documents Required

Here are the general documents required for a Shriram Housing Finance Home Loan:

 

Salaried Individuals  Self Employed Individuals 
  • Duly filled in and signed the application form with photographs 
  • Duly filled in and signed application form with photographs 
  • Identity, address and age proof 
  • Identity, address and age proof 
  • Salary slip of  last 3 months 
  • ITR and financial statements, including balance sheet, profit & loss account, schedules. (documents must be certified by a CA) 
  • Bank statement of the past 6 months 
  • Bank statement of the past 12 months 
  • Form-16 and Income Tax Returns (ITR) details 
  • For partnership firms: Latest partnership deed 
  • For companies: Latest Memorandum and Articles of Association (CA certificate on profit sharing ratio/list of directors/shareholding partnership) 
  • For Limited Liability Partnership: LLP Agreement 
  • Title documents of the property 
  • Title document of the property along with business address proof 

 

Note : Required documents must be self-attested and may slightly differ.

This caters to borrowers (both salaried and self-employed) who need funds to buy a house.

Loan Amount Up to Rs.10 crores
Interest Rate 10.49% onwards
Loan Tenure Up to 25 years

This scheme is ideal for individuals looking to buy a plot of land to construct their house on.

Loan Amount Up to Rs.10 crores
Interest Rate 10.49% onwards
Loan Tenure Up to 25 years

Available to both existing and new customers, this helps fund a borrower’s home renovation.

Loan Amount Up to Rs.10 crores
Interest Rate 10.49% onwards
Loan Tenure Up to 25 years

This scheme is perfect for customers planning to add spaces such as a balcony or room to their current home. This is also available to both existing and new customers.

Loan Amount Up to Rs.10 crores
Interest Rate 10.49% onwards
Loan Tenure Up to 25 years

All set to buy your dream home?

Avail of expert guidance from Fincity’s financial advisors for free - they assist you all the way from finding the right home loan scheme for you until the time the loan is actually disbursed. Contact loan advisors at hl@fincity.com and find your Loan Rate Match now!