Shriram Housing Finance Home Loan

Shriram Housing Finance is one of India’s leading home loan lenders. They offer home loans for salaried individuals, self-employed professionals/non-professionals and even non-individual entities. They have a comprehensive and holistic approach to home loan eligibility that takes into consideration various factors such as income, employment status, tenure and so on. 

Shriram Housing Finance’s home loan interest rates are extremely competitive, starting at 11.50%. Additionally, you’ll also get a flexible tenure of up to 300 months, allowing you the flexibility to repay your loan the loan amount comfortably without worrying about your finances. The loan application process is easy and seamless and requires minimal documentation. 

You can now apply for a Shriram Housing Finance home loan on Bajaj Markets from the comfort of your home with minimal paperwork and documentation. 

Shriram Housing Finance Interest Rates

Here are some key points about Shriram Housing Finance home loan. 

Shriram Home Loan Features & Benefits

• High Loan Amount

Get a home loan starting from ₹1 Lakh to ₹10 Cr.

• Easy Documentation

You can get a home loan by submitting only a few essential documents.

• Attractive Interest rates

Get a home loan with interest rate starting from just 11.50%.

• Property Value

You can get a home loan for up to 90% of the property value.

• Flexible Repayment Options

The repayment tenure ranges up to 300 months, thus facilitating convenience for making the payment.  

• No Hidden Charges

You are guaranteed complete transparency during the loan application process. There are no prepayment charges involved.

Shriram Housing Loan Eligibility

Here’s the eligibility criteria for applying for a housing loan with Shriram Housing Finance. 

• The applicant must be a salaried individual, or a self-employed professional/non-professional or non-individual entity.

• The applicant must be over 21 years of age when applying and below 70 years of age at the time of loan maturity.

• The income of the applicant must be over ₹30,000 per month.

• Work experience of minimum 2 years is mandatory for salaried applicants and 3 years in the current field, for self-employed applicants.

Documents Required for Shriram Housing Finance

Here are some documents that you would need in order to get started with your home loan application process: 

• Completed Loan Application

• Proof of Identification

• Driving licence

• Ration card

• Passport

• PAN card

• Voter’s ID card

• Employee ID

• Bank passbook

• Proof of Age 

• Address Proof

• Income Documents: 

1) Salaried Individuals (any one of the following)

• Form 16

• Certified letter from Employer

• Updated 6 months bank statement

• Pay slip (Last 2 months) Increment or Promotion letter

• Investment proofs (like fixed deposits, shares, etc)

• IT returns (for 3 years)

• Passport-size photographs

2) Self Employed or businessman (any one of the following): 

• Updated 6 months bank statement

• A brief introduction of his or her profession/business

• Income tax returns for the last 3 years of the applicant along with computation of income duly attested by a Chartered Accountant

• Balance Sheet and Profit & Loss account for the last 2 years of the firm- duly attested by a Chartered Accountant

• Property Documents:

• Sale deed, agreement of sale with the builder (original copy)

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

• An approved copy of the building plan 

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

The list of documents required is not exhaustive, kindly refer to Shriram Housing Finance’s website for the complete list of accepted documents. 

How to Apply for Shriram Home Loan 

• Enter your Personal and Income Details

Enter your personal and professional details to understand home loan eligibility instantly.

• Choose your Lending Partner

Select Shriram Housing Finance from the list of lending partners.

• Estimate Borrowing Power

Get an estimate about the home loan amount that you’re eligible to borrow.

•  Mention Requirement & Property Details

Fill in your home loan amount as per suitability & details of property.

• Unlock Final Details

Get your loan details along with all the charges and the net disbursal amount. Post this, a loan expert will get in touch with you to process your application further. 

Shriram Housing Finance Schemes

• Regular Home Loan

This is a regular home loan scheme that’s available to all eligible salaried and self-employed individuals who require financial support to purchase a house.

• Residential Plot Loan

This scheme is available to eligible salaried and self-employed individuals who are looking for funds to purchase a plot and construct a house.

• Home Improvement Loan

This scheme is available to customers looking for funds to renovate or redesign their existing home. This scheme is available to both new and existing customers.

• Home Extension Loan

This scheme is suitable for customers who wish to expand their homes. The scheme is available to both new and existing customers.

• Balance Transfer

This scheme is available to new customers who wish to move their home loan account from a different HFC to Shriram Housing Finance. Additional Top-Up Loan is also available under this scheme.

• Top-Up Loan

This scheme is available to existing home loan customers looking for funds to meet additional personal or business expenses.

• Pradhan Mantri Awas Yojana (PMAY)

The Pradhan Mantri Awas Yojana (PMAY) is a government scheme introduced to provide housing to all underprivileged urban and rural people across India. Under this scheme, the government offers interest subsidies of up to ₹2.67 Lakhs on home loans for buying, constructing, extending or renovating homes. Shriram Housing Finance extends affordable housing benefits of Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (PMAY CLSS) to all the eligible customers for this scheme.

Shriram Housing Loan Customer Care

You can contact the SHFL team through the following ways in case of any queries:

1) Visit Office: You can visit their registered or head office at the below mentioned address:

• Registered Office: No.123, Angappa Naicken Street, Chennai - 600001.

• Head Office: Shriram Housing Finance Limited, Level 3, Wockhardt Towers, East Wing, Bandra Kurla Complex, Mumbai - 400051. 

2) Send an Email: You can write to them at contact@shriramhousing.in.

3) Give a Call: You can call on their toll free number 1800 102 4345.