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Shriram Housing Finance Home Loan Highlights 2024

For some people, owning a house seems like a difficult task, while for others, it is the most crucial decision of their lives. It is a fantastic feeling to take ownership of the house you have always wanted.

Whether you’re buying a newly built house, an already-owned property, or an under-construction home, Shriram Housing Finance has tailored home loan options to meet your diverse demands. The organization presents a variety of unique lending alternatives to help disadvantaged people looking for homes.

Everyone dreams of buying something to call their own. We call a house home, within which we feel safe and make countless memories. Are you having trouble and economic hardship owning your own home? Make your aspiration for a home come true with SHFL’s seamless financing options.

Shriram Housing Finance Home Loan Highlights 2024

Loan AmountUpto 90% of the Property Value, Upto 10 crore
Rate of Interest9.50% onwards
Loan TenureUpto 25 years
Processing Fee0.50% of the loan amount
CIBIL Score650+
ApplicantAny Salaried or Self Employed Person
Applicant AgeSalaried – 21 Year-65 Year, Self Employed – 21 Year-70 Year
Accepted Collateral1) Lal Dora Properties in Delhi only

2) Regularised Colonies

3) Sub Divided Properties

4) Residential, Commercial and industrial Plot authority allotted

5) Mixed Use Properties

6) Multi Tenant (upto 30 tenants)

7) Basement.

8) PM UDAY and authorization slip

9) Residential plot in a regularized colony

10) Noida Freehold property.

Business VintageSelf Employed Person: 2 Year
Minimum Job ExperienceSalaried Person: 1 Year
Programs Offered1) Normal Income

2) Banking ABB

3) LIP

4) Low LTV

5) Pure Rental consider both Cash and White Rental

6) NIP upto 50 Lakh

  1. Funding cases wherein there is GPA before 2011, and sale deeds are being executed.
  2. Industrial floor upto 2nd Floor

Advantages of Shriram Housing Finance Home Loans

Shriram Housing Finance has simplified and streamlined the process for seeking simple and swift loans to purchase a home or other development projects.

The following aspects constitute it an excellent choice for consumers looking for housing loans:

  • The firm doesn’t require comprehensive documentation. You may apply for a loan by submitting basic paperwork that proves your identification and earnings.
  • Borrowers can obtain a loan to purchase property from MHADA, privately owned builders, or any other government-approved project.
  • As amended, the applicant will be entitled to tax deductions under Sections 24 and 80C of the Income Tax Act.
  • Irrespective of whether the person applying has not yet chosen the property, they will still get authorization.
  • Borrowers can handle their Shriram Finance home loan accounts online.
  • The funds will be swiftly processed and transferred to the applicant.
  • The home loan plan provides money for both ready-to-move-in houses and those under construction.
  • Financial support can be obtained either by yourself or together with a partner.
  • Borrowing with a co-applicant will make it possible for you to receive a larger loan sum.
  • When you ask for a loan with a female co-applicant, you will have the advantage of being able to secure a reduced interest rate.
  • An applicant can get a loan ranging from Rs. 1 lakh to Rs. 1 crore.
  • It carries a reasonable interest rate. You can choose between fixed and variable interest rates.
  • Borrowers can choose between a flexible loan installment plan and EMI structures for repaying loans.
  • You will have a loan repayment period of up to 25 years.

Shriram Housing Finance Home Loan Eligibility Criteria

  • The person applying is required to be an Indian resident.
  • To apply for a house loan from Shriram Finance, the candidate must be at least 21 years old.
  • Anyone may apply for the loan, whether they are self-employed or employed.
  • The person’s application will be determined based on both his or her ability to repay and the property’s worth.
  • Anyone may ask for loans with a co-applicant.

Required Documents to Apply for Shriram Housing Finance Home Loan

DocumentSalaried Income DocumentsSelf-Employed Documents
KYC of Applicant & Co-ApplicantRequiredRequired
Last 3 Month Salary Slip of ApplicantRequiredNot Applicable
Last 12 month Bank Statement of Applicant & Co-ApplicantRequiredRequired
Last 3 year ITR with computation of incomeRequiredRequired
Last 2 Year Form 16 of ApplicantRequiredNot Applicable
26AS of last 2 year of Applicant & Co-ApplicantRequiredRequired
Appointment letter of Applicant (if available)Required (if available)Not Applicable
Agreement to Sale (if purchase case)Required (if applicable)Required (if new purchase case)
Property Paper with complete chain of last 13 yearsRequiredRequired
Approved MAP of Property (if available)Required (if available)Required (if available)
LOD, Foreclosure Statement & SOA (if BT case)RequiredRequired
Sanction letter of all running loanRequiredRequired
Latest utility Bill (if owned residence) or rent agreementRequired (if owned residence) or rent agreement (if rented)Required (if owned residence) or rent agreement (if rented)
2 Reference with contact detailsRequiredRequired
Last 3 year Audited Balance SheetNot ApplicableRequired
Last 3 year Tax Audit ReportNot ApplicableRequired
Copy of GST registrationNot ApplicableRequired
Copy of MSME registrationNot ApplicableRequired
Copy of Last 12 month GST returnNot ApplicableRequired
Debt SheetNot ApplicableRequired
Latest utility Bill of Office (if owned) or rent agreementNot ApplicableRequired (if owned office) or rent agreement (if rented)
Last 3 year Debtors & Creditors on letterheadNot ApplicableRequired
List of Directors & Shareholders (if company) or List of Partners (if partnership firm/LLP)Not ApplicableRequired (if company) or List of Partners (if partnership firm/LLP)

How to Apply for Shriram Housing Finance Home Loan?

If you’re looking for a seamless loan, follow the instructions below:

  • Open
  • Navigate to the “Loan” option.
  • Click on the “Home Loan” option.
  • Select Shriram Housing Finance Home Loan.
  • If you’re an existing client, fill up the form. New people must first register before submitting their application form.
  • Enter your name, phone number and email ID for OTP authentication.
  • Bring in your earnings and KYC information.
  • Choose your loan size.
  • Attach all relevant papers.
  • Send your application form.
  • Wait for a response from the Refer Loan’s Team.

Are you thinking about building your own home? Choose Shriram Housing Finance Home Loan. Shriram Housing Finance Home Loan has various special benefits and perks for ambitious homebuyers. These home loans can be applied for a broad range of reasons. Using a housing loan, you may purchase a plot of land or an apartment, construct your own house, or simply remodel your current place of residence. Make use of the Shriram Housing Finance Home Loan Calculator to figure out the monthly installment amount you have to pay.

Shriram Housing Finance offers home loans with interest rates starting at 9.50% and maximum payback periods of 25 years. The lender provides a choice of home loan packages tailored to meet the various needs of consumers looking for their ideal home.

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