Learn about the India Shelter Home Loan interest rate, applicable charges, eligibility criteria, and factors that may affect your borrowing cost.
Last updated on: Aug 07, 2026
The India Shelter Home Loan rate of interest varies based on borrower profile, loan structure, and prevailing market conditions. These rates are generally linked to internal benchmarks or external indicators such as the Repo Linked Lending Rate (RLLR), which influences overall borrowing cost.
Understanding the home loan interest rate helps evaluate repayment obligations, compare lending options, and interpret EMI calculations before proceeding with a housing loan application.
The table below provides an overview of the home loan interest rates offered by India Shelter:
| Particulars | Details |
|---|---|
Interest Rate |
13% p.a. |
Interest Type |
Fixed or Floating (subject to lender's terms) |
Maximum Loan Amount |
₹40 Lakhs |
Maximum Repayment Tenure |
20 Years |
Disclaimer: Interest rates and charges may change at the lender’s discretion. The final rate depends on your profile and market conditions.
India Shelter provides different rate structures to accommodate varying borrower requirements and financial planning approaches.
The available interest rate types include:
| Interest Rate Type | Description |
|---|---|
Fixed Interest Rate |
Remains unchanged for a defined tenure irrespective of market rate movement |
Floating Interest Rate |
Changes based on benchmark rates such as RLLR and market fluctuations |
These options allow borrowers to choose a suitable structure depending on risk preference and repayment outlook.
Comparing interest rates across lenders provides a clearer view of available borrowing options and pricing differences.
| Lender Name | Starting Interest Rate (p.a.) |
|---|---|
India Shelter |
13% p.a. |
Bajaj Housing Finance Limited |
7.25% p.a. |
PNB Housing Finance |
8.5% p.a. |
Home First Finance Company |
9% p.a. |
Sammaan Capital |
8.75% p.a. |
ICICI Bank |
9% p.a. |
LIC Housing Finance |
8.65% p.a. |
Shubham Housing Finance |
9.9% p.a. |
Truhome Finance |
11.5% p.a. |
L&T Finance |
7.65% p.a. |
Vridhi Home Finance |
12% p.a. |
Aditya Birla Housing Finance Limited |
7.75% |
Vastu Housing Finance |
10% |
South Indian Bank |
9.50% p.a. |
Easy Home Finance |
10.50% p.a. |
Disclaimer: The interest rates mentioned above are subject to change at the lender’s discretion.
The interest rate offered on a home loan depends on multiple financial and borrower-specific factors. These elements influence risk assessment and pricing decisions.
The following factors commonly affect interest rates:
Credit score: Strong credit history indicates lower default risk and may lead to better rates
Loan-to-Value ratio: Higher ratios may increase lender exposure and affect rate structure
Income stability: Consistent earnings support repayment capacity evaluation
Borrower profile: Employment type and financial behaviour influence lending decisions
Market conditions: Changes in repo rate, inflation, and liquidity impact interest rates
These factors collectively determine the final applicable rate offered to the borrower.
Interest rates can vary over time, and certain actions may help improve overall cost efficiency for borrowers.
The following methods are generally considered when reviewing interest rate reduction options:
Improve credit profile: Maintaining repayment discipline strengthens creditworthiness over time
Opt for shorter tenure: Reduced tenure may lower total interest outflow across the loan period
Prepayment option: Partial repayments help reduce outstanding principal and future interest burden
Balance transfer: Shifting to another lender may provide comparatively lower interest rates
These steps can influence how the home loan interest rate applies to a borrower’s loan structure.
Applying for an India Shelter Home Loan through Bajaj Markets involves a structured digital process with basic eligibility checks and document submission. You can apply for an India Shelter Home Loan by following these simple steps:
Step 1: Click here to visit the loan application page.
Step 2: Enter your personal and income-related details in the online application form.
Step 3: Select ‘India Shelter Finance Corporation’ from the list of available lenders.
Step 4: Choose the loan amount and repayment tenure that suits your requirements.
Step 5: Review the details and submit your application.
Following this, a representative will contact you for further proceedings.
Reviewer
India Shelter Home Loan interest rates start from 13% p.a.. The final rate offered may vary based on factors such as the applicant’s income, credit profile, loan amount, property details, and the lender’s internal eligibility criteria.
A fixed home loan interest rate remains unchanged for the specified period agreed upon in the loan terms. A floating interest rate may change during the loan tenure based on movements in the lender’s benchmark rate or prevailing market conditions.
A switch from a fixed interest rate to a floating interest rate may be permitted, subject to the lender’s policies and applicable terms. Such requests are generally evaluated according to the conditions specified in the home loan agreement.
Home loan interest rates may be revised whenever there are changes in the lender’s benchmark rates, funding costs, regulatory requirements, or market conditions. The timing and frequency of revisions depend on the lender’s prevailing interest rate framework.
Home loan interest rates are determined based on various eligibility and risk assessment factors. Any flexibility regarding the applicable rate depends on the lender’s policies, the applicant’s credit profile, loan characteristics, and the terms offered at the time of sanction.