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India Shelter Home loan
Build a permanent shelter for you and your family with India Shelter! Purchasing a home is a significant life milestone. But finding the money to do so is considerably harder. For this reason, you must ask for a housing loan from a reputable firm like India Shelter. India Shelter Home Loans can assist young Indians who want to buy a new home in being accepted quickly and simply.Powered By
India Shelter Home loan
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Here are a few factors
| Location | 40 km from Branch |
| CIBIL Score | 500+ |
| Applicant | Salaried & Self Employed Both |
| Applicant Age | Salaried-21 Year to 60 Year, Self Employed-21 Year to 65 Year |
| Loan Amount & Tenure | 5
Lac to 50 Lac (5 Year to 20 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 13% to 20% (Reducing) |
| TAT | 15 Days |
| Processing Fees | 2% |
| Insurance & Other Charges | Insurance Charges:2%-4% |
| Foreclosure Charges | Nil for Individual |
| Minimum Income | Which is fit to cover EMI |
| Lock In Period | 6 Month |
| Part Payment Allowed | Yes |
| Home Loan OD Product | No |
| LTV | 90% of Market Value if Loan amount<30 Lac, 80% of Market Value if Loan amount>30 lac |
| Product | New Purchase, Plot Purchase, Plot Purchase+Construction |
| Program | LIP Program-50 Lac, Low LTV Program-50 Lac, Cash Income-50 Lac, Banking Program-50 Lac, Income Program-50 Lac |
| CO - Applicant | Yes |
| FOIR | If Salary<30K-50% of Net Salary,If Salary>30K-60-70% |
| Negative Profile | Any profile where collection is not comfortable |
| Funded Property Type | (i)
Residential Property (ii) Residential Plot Purchase (iii) Residential Plot Purchase & Construction |
| Negative Property | No Negative Property |
| Accepted Collateral | All Property accepted |
| Business Vintage for Self Employed Person | 1 Year |
| Minimum Job Experience for Salaried Person | 1 Year |
| Experience with Current Employer | 1 Month |
| Any Specific Product for Professionals | No |
| USP | Funding to all applicant |
Required Documents
Passport-size photograph
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ID proof
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Age proof
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Property-related documents
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Duly signed application form
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Last 3 months' salary slips (for salaried)
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Business records (for self-employed)
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Income Tax Returns proof
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Any other loan or other investment details
About India ShelterHome Loan
Eligible clients can apply for a house loan from India Shelter Finance with interest rates ranging from 13% to 20%. The maximum loan of up to Rs. 50 lakhs is available. A processing fee ranging from 2% to 3% of the loan sum is applicable. The loan may have a maximum term of 20 years.
How to Reach India Shelter Customer Care
Mail : [email protected]
Call : 1800-572-8888
Eligibility Criteria
The Applicants should be employed or self-employed.
The salaried applicant should be within the age of 21-60.
The self-employed applicant should be within the age of 21-65.
The applicant should be a resident Indian.
FREQUENTLY ASKED QUESTIONS
India Shelter provides its loan candidates with house loans with interest rates ranging from 13% to 20% p.a. Still, lender's closing interest rates may vary based on several factors. These may be the loan applicant's credit history, income, employment history, ability to repay the loan, and the actual worth of the pledged home.
In response, India Shelter provides a range of home loan options, including loans for building and site purchases, remodeling loans, and loans secured by property.
Candidates for India Shelter housing loans must be between the ages of 18 and 70 and have a steady source of income.
Customers with credit scores of 500 or higher typically get their applications for home loans approved by lenders.
Up to 20 years are available for house loan repayment terms through India Shelter. However, the length of time for those who apply for home loans varies depending on their credit history, earnings, age at loan maturation, etc.
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