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IndiaShelter Home Loans upto 50 Lakhs

to urban households for construction, extension, renovation and purchase of new home. Interest rates range from 12% to 20% for housing loans. Interest rates are higher for home equity loans (or Loan against Property), where the end-use is not for housing. A file processing fee of 2%-3% (including GST) is charged.

One Home Loan for Many Objectives

Home Construction
Home Improvement Loan
New House Purchase

EMI Calculator

Rs. 20,00,000

120

Rs. 23,576

Features

  • Loan amount between Rs.8 Lakhs to Rs.50 Lakhs
  • Tenure up to 20 years
  • Loan Approval within 5 days
  • Assistance on phone available at local call rates in Hindi and English
  • Our loans are available at a fixed rates. That means that the EMIs don't vary with the volatility in the market or a change in the interest rates

Loan Purpose

  • Internal or external repairs to existing homes
  • Put up an additional floor to an existing home
  • Adding additional rooms
  • Self-construction
  • Plot purchase
  • Purchase of property

Hassle-free Loans with
Minimum Documentation

If you are planning to move to a city, buying your own home can get overwhelming. When you think about applying for a loan there are a lot of hurdles that may come your way; Home Loan Eligibility is what will determine your next steps. If you are eligible then for you to avail of that desired loan amount you will have to provide a lot of documents. Here comes the next hurdle; Document Verification.

Your Home Loan Made Easier

Prepayment charges (For Fixed Rate loans)

Housing Loans prepaid/ pre-closed through ‘Own Sources’ of the Borrower(s).
NIL charges Housing Loans prepaid/ pre-closed through Other Sources (a) Within 24 months of disbursement of last installment of the Loan - 6.5% of the Loan Amount paid. (b) After 24 months of disbursement of last installment of the Loan - 4.5% of the Loan Amount paid.

Prepayment charges (For Floating Rate loans)

Housing Loans to individual borrowers
NIL charges Housing Loans to non-individual borrowers (a) Within 24 months of disbursement of last installment of the Loan - 6.5% of the Loan Amount paid. (b) After 24 months of disbursement of last installment of the Loan - 4.5% of the Loan Amount paid. *Please refer Schedule of Charges as updated in the Downloads – Policy & News Section for latest update and details.

Fees and Charges


A file processing fee of 2%-3% (including GST) is charged.

Loan Amount - Home Loan


Rs. 8 Lakhs to Rs. 50 Lakhs

Loan Tenure - Home Loan


20 Years

Eligibility
Applicant(s)

Family members and co-owners of the property.

Documents
Required
  • Application form with photograph duly signed by all applicants
  • Identity proof – Voter ID, PAN, Driving License, Bank Passbook, etc.
  • Age proof – Voter ID, PAN, Driving Licence, Passport, Birth certificate, Pass certificate of 10th or 12th
  • Property documents
  • Colored passport size photograph
Additional documents
that will help us
process the loan easily
  • Last 3 months salary slips
  • Income Tax Returns of the last 2 years or Business Records
  • LIC Policy
  • FD or RD
  • Details of any other loan account that you are replaying currently
  • Any other savings or investment details
Security

Equitable Mortgage of the property being financed
by deposit of title deeds


Associations & Partners

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