Truhome Finance Loan Against Property

Get a Truhome Finance Loan Against Property of up to ₹1 Crore on Bajaj Markets with rates starting from 14.75% p.a. Choose a convenient tenure of up to 15 years and also enjoy the benefit of a simple online process with no hidden charges.

TruHome Finance Limited, formerly known as Shriram Housing Finance Limited, is the new name of the company following its rebranding. Here are the key highlights of the loan:

Disclaimer: The mentioned rates and details are subject to change at the lender’s discretion.

Here are the interest rates and other charges to be considered:

Disclaimer: The mentioned rates and details are subject to change at the lender’s discretion.

Here is a comparison of interest rates on Loan Against Property offered by leading banks and housing finance companies:

Disclaimer: The mentioned rates and details are subject to change at the lender’s discretion.

You need to meet the following eligibility criteria:

• Age: Your age must be at least 25 years to apply and below 70 years at the time of maturity

• Income: Your monthly income should be more than ₹30,000

• Work Experience: Salaried applicants must have a minimum work experience of 2 years, and self-employed applicants must have worked in a respective field for at least 3 years

Here are the documents required at the time of application:

Proof of Identification, Age, and Address: (Any one of the following)

• Driving licence

• Passport

• PAN card

• Employee ID

• Bank passbook

• Ration card

• Class 10th mark sheet

• Utility bill

• LIC policy receipt

• Letter from a recognised public authority verifying the residential address

Proof of Income (Salaried Applicants)

• Form 16

• Letter of certification from employer

• Pay slip for the last 2 months

• Bank statements for the last 6 months

• ITR of the last 3 years

• Increment or promotion letter

• Investments proofs

• Passport-size photograph

Proof of Income (Self-employed Applicants)

• ITR of the last 3 months (Attested by a CA)

• Balance Sheet and Profit and loss account of the firm for the last 2 years

• Computation of income

• Details about profession or business

• Passport-size photographs

• Investments proof

• Photocopy of certificate of registration, practice, and establishment, deduction of professional tax

Property Documents

• Original copy of sale deed, agreement of sale with the builder 

• Building and land tax paid receipts, possession certificate, and location sketch of the property certified by the revenue authorities

• Letter of allotment given by the housing board, society, or the private builder

• Original No Objection Certificate (NOC) from the housing society or builder 

• Detailed estimate of the cost of construction of the house

• Original receipts of the advance payments made towards the purchase of the flat

• Original receipts of the land tax paid and possession certificate as issued by the revenue authority

• An approved copy of the building plan (floor plan/ key plan in case of flat purchase)

Refer to the table below to check the fees and charges associated with Truhome Finance Loan Against Property:

You may get two kinds of loans against your property from the lender. They are:

• Loan Against Residential Property

Use your home as collateral to secure funds for personal requirements such as marriage, education, or medical expenses.

• Loan Against Commercial Property

Pledge your commercial property to obtain a loan for business purposes, such as purchasing office space.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.