India Shelter Home Loan 2024 Interest Rate, Eligibility, Processing Fee

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India Shelter Finance Corporation Limited is the new name of the erstwhile Satyaprakash Housing Finance India Limited, which was granted Certificate of Registration by the National Housing Bank on 26th October, 1998, Acting as guiding principles and directing conduct and action, a new registration certificate was granted on 14th September 2010, permitting our company to carry on the business of India Shelter Finance through NHB.

India Shelter Home Loan

India Shelter Finance claims to provide home loan approval within 5 days Home loan borrowers can use loan proceeds for the purchase of new home property, plot purchase and construction, renovation and extension of the home.

India Shelter Finance offers a loan amount of up to Rs.50 lakh to eligible customers at an interest rate of 13% to 20%, a processing fee is 2% – 3% of the loan amount, maximum tenure of the loan is up to 20 years. With a maximum tenure of up to 15 years, see below for eligibility details for India Shelter Finance Home Loan.

India Shelter Home Loan Eligibility

Before applying for a home loan in India Shelter, you need to check your home loan eligibility, if you meet the India Shelter home loan criteria, it will be easy for you to get a home loan, check your eligibility for home loan in India Shelter below, Watch and find out.

NationalityResident Indians
Age LimitMinimum Age 23 Years
Maximum Age 65 years
Type of EmploymentSalaried
Self-employed
Loan tenureThe minimum tenure is up to 20 years and the maximum tenure is up to 15 years

Documents Required for India Shelter Home Loan

The required documents for a home loan from India Shelter Finance should be submitted hassle-free, as these Required Documents are indicators of financial stability and creditworthiness and are definitely considered while approving your home loan application.

Documents are one of the most important requirements for India Shelter Finance Home Loan, India Shelter Finance takes home loan documents process very seriously, but many a times applicants face difficulties in not knowing what documents to provide while submitting documents for India Shelter Finance Housing Loan.

India Shelter Finance makes the home loan documents process very streamlined and transparent right from the start, see below which home loan documents are required to pass your home loan application in detail.

  • Identity Proof – Aadhaar Card, Voter ID, Passport, Driving License.
  • Proof of Income – 2-Year ITR, 6 months Bank Statement, 3 months Salary Slip.
  • Age Proof – PAN Card, Voter ID, Aadhaar Card, Passport, Driving License.
  • Address Proof – Aadhaar Card, Passport, Voter ID, Driving License.

India Shelter Home Loan Processing Fee

When you apply for an India Shelter home loan, the lending company charges a certain amount for the services they provide you, this amount is called Home Loan Processing Fee, Home Loan Processing Charges GST is up to 3% of the total home loan amount you are applying for, even if the application is rejected the amount will not be refunded to you.

Applicants should remember that home loan processing fee is not the only amount that you have to pay, there are other charges too, so it is better for everyone to know the India Shelter Home Loan Processing fee details beforehand.

Processing FeeUp to 3% of the sanctioned loan amount plus GST

India Shelter Home Loan EMI Calculator

When you want to take a home loan click here Take an informed decision with IndiaShelter Home Loan EMI Calculator, which helps you know the home loan total amount and home loan interest rates, home loan tenure and many more important details.

CIBIL Score for India Shelter Home Loan

Are you aspiring to own a home, buying a home is a strategic, financial and emotional decision, now you are going for India shelter home loan for your home, people who want to buy a home must take a home loan from a trusted home loan company in India.

Your creditworthiness as determined by CIBIL score plays a vital role in whether a bank or financial institution will grant you a home loan, but you may need a good CIBIL score, India Shelter considers CIBIL score as one of the most important factors in your home loan application, CIBIL score is your repayment A metric of measurement used by many lenders to determine affordability.

Most lenders consider a CIBIL score of 650 as the minimum requirement for a home loan, a CIBIL score close to 900 is considered “healthy” while anything close to 300 is considered “weak”, Click Here India Shelter Home Loan CIBIL Score Check.

India Shelter Home Loan Interest Rate

It is very important to know what the interest rate is when you apply for India Shelter Home Loans, the home loan interest rate will affect the total EMI you have to pay on how much home loan you take, so it is good to keep the interest rate in mind whenever you apply for a home loan, India Shelter Home Loan Interest You can find interest rates on home loans ranging from 10.5% to 20%, see more home loan interest rates here.

Interest Rate11.50% to 21.10% p.a.
Loan AmountRs 5 lakh to Rs 50 lakh
Loan TenureUp to 20 years

NOTE – The India Shelter Home Loan interest rate varies according to the bank’s discretion, the information given here is only the current interest rates given by the bank, when you want to take a Home Loan in the bank, you should go to the https://www.indiashelter.in/home-loan official website of the bank and confirm.