Shriram Housing Finance Loan Against Property

Shriram Housing Finance Limited (SHFL), a housing finance organisation, has 85 branches spread across the country. In December 2011, its lending operations started. They offer Loan Against Property which are secured loans sanctioned against a house, an owned land, or other commercial property as a collateral. 

You can get customised loans against property solutions with SHFL. Apply for the comprehensive Shriram Loan Against Property on Bajaj Markets, without any hassle. 

The table mentioned below shows all the details related to Shriram Loan Against Property:

In order to be eligible for loan procurement, you need to fulfil the following criteria:

• During the process of application, you must be more than 25 years of age. It is also to be noted that you must be below 70 years of age at the time of loan maturity.

• Your monthly income should be more than Rs 30,000.

• If you are a salaried employee, you must have a work experience of 2 years or more during the application process. Also, if you are self-employed, you must have worked in your respective field for at least 3 years at the time of application.

The documents which you are required to submit for the application process are very minimal yet necessary. Here’s a list of the documents you must submit for your loan disbursement:

1. You must show a proof of identification, age, and address from one of the following documents:
   • Driving license
   • Passport
   • PAN card
   • Employee ID
   • Bank passbook
   • Ration card
   • 10th marksheet
   • Utility bill (electricity, gas, water, telephone) which is less than two months old
   • LIC policy receipt.
   • Voter’s ID card
   • Letter from a recognized public authority verifying the customer’s residence address.
2. You must show a proof of your income by submitting the following documents (applicable only for salaried employee):
   • Form 16
   • Letter of certification from the employer
   • Pay slip of the last two months with respect to the date of loan application
   • Updated bank statement of last six months with respect to the date of the loan application 
   • IT returns of the last three years
   • Letter of your increment or promotion
   • Proofs of your investments (stocks, shares, FDs, mutual funds, etc.)
   • Passport-size photograph
3. You must show a proof of your income by submitting the following documents (applicable only for self-employed individuals):
   • Duly attested copy by a CA of the last 3 years Income tax returns of the last three months and last 2 years Balance Sheet and Profit & Loss account of the firm, along with computation of income
   • A brief introduction of your profession or business
   • Passport size photographs, photocopy of certificate of registration, establishment, deduction of profession tax, practice, and proof of your investments.
4. You are required to submit a proof of your property documents by submitting the following documents:
   • Original copy of your 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 house
   • Original receipts of the advance payments made towards the purchase of flat
   • Original of the land tax paid receipt and possession certificate as issued by the revenue authority
   • An approved copy of the building plan (key plan/floor plan in case of purchase of flats)

Shriram Housing Finance Limited customises the EMIs for their Loan Against Property. Having understood the background, income structure, monthly budget, and other factors, they offer a repayment plan that is comfortable as well as pocket-friendly for you.

You can also check your monthly Loan Against Property EMI with the use of the Shriram Housing Finance Limited EMI calculator. All you are required to do is enter the interest rate, the loan amount, your repayment tenure, and click on ‘Submit’. Your monthly EMI amount will now be displayed on your screen.

You can easily contact the SHFL team in case you wish to address your concerns or queries. Here are a few ways you can follow:

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

1. Registered Office: No.123, Angappa Naicken Street, Chennai - 600001.
2. Head Office: Shriram Housing Finance Limited, Level 3, Wockhardt Towers, East Wing, Bandra Kurla Complex, Mumbai - 400051.

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

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