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Shri Ram Housing Finance Home Loan
A division of Shriram City Union Finance Limited, a member of the Shriram Group, is Shriram Housing Finance Limited (SHFL). In India, SHFL is an NBFC that principally specializes in offering house loans and other financial solutions that are connected to them. As a provider of housing financing, SHFL provides individuals with a selection of home loan options for the purchase, building, remodelling, and enlargement of houses and apartments. Additionally, they offer loans against property as well as loans for the purchase of plots. The organization serves a variety of social groups, including salaried people, professionals who work for themselves, and businesspeople. Shriram House Financing seeks to increase house financing availability and affordability for people in all income brackets. They provide individualized customer care, low-interest rates, and flexible repayment alternatives. They have an extensive regional network to service clients from all throughout India, and the loan application procedure is quick and simple.Powered By
Shri Ram Housing Finance Home Loan
Apply Now
Here are a few factors
| Location | 45Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | Salaried-21 Year-65 Year, Self Employed-21 Year-70 Year |
| Loan Amount & Tenure | 15 lac-1 Cr (5 year to 20 year) |
| Login Fees | Up to 50 Lac-3540, >50 Lac-5900+ |
| Rate of Interest & Type | 11.50% to 13% (Reducing) |
| TAT | Santion-7
days Disbursement- within 2 days after submission of complete documents |
| Processing Fees | 1%+GST |
| Insurance & Other Charges | Insurance Charges:1%-4% |
| Foreclosure Charges | 5% TO 6% |
| Minimum Income | Nil |
| Lock In Period | 1 Year |
| Part Payment Allowed | 3 Year for Self Employed Person |
| Home Loan OD Product | 12 month |
| LTV | Up to 30 Lac-90% of Property Value, 30 Lac-75 Lac-80% of Property Value,>75 Lac-75% of Property Value |
| Product | Fresh Purchase, Plot Purchase, Plot Purchase+ Construction, BT+ Top Up, Home Renovation, Seller BT |
| Program | Banking Program-1 Cr, Income Program-1 Cr, Without ITR-30 Lac, Cash Rental-1 Cr(50% of Rental), LIP Program-1 Cr, GST Program-1 Cr |
| CO - Applicant | Yes |
| FOIR | Salaried:<1lac-50%, >1 lac-60%, Self Employed-100% of income |
| Negative Profile | Person residing in Dominated Area, Police, Politian |
| Funded Property Type | (i)
Residential Property (ii) Residential Plot Purchase (iii) Residential Plot Purchase & Construction |
| Negative Property | Unapproved 4th Floor and above, Unapproved Freehold Property where any authority belongs, Basement |
| Accepted Collateral | Approved
Property, Gram Panchayat Property, Lal Dora, Sub-divided Property, Khasra
Khatauni Plot, Khasta Khatauni Purchase, Without MAP Property |
| Business Vintage for Self Employed Person | 2 Year |
| Minimum Job Experience for Salaried Person | 1 Year |
| Experience with Current Employer | 1 Month |
| Any Specific Product for Professionals | No |
| USP | 1. Cash Salary is also considered 2. Pension also considered (50% of pension)3. DPD's are also considered |
Required Documents to Apply for Shri Ram Housing Finance Home Loan
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if new purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Shriram Housing Finance Home Loan
The Path to Happiness Begins Here!
Home loans from Shriram Housing Finance are available with interest rates beginning at 8.90% and a maximum payback period of 25 years. The lender offers a variety of home loan packages that are designed to satisfy the different requirements that individuals seek for their ideal home. Home construction loans, home improvement loans, home extension loans, and loans secured by property are all examples of Shriram home loans. If you're searching for a house loan that you can pay for, check out Shriram Housing Finance house Loans to see whether this is the right option for you.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
You may receive a house loan from Shriram Housing Finance for any type of property that is under construction. If you are building a house yourself, you can also apply for a loan. Additionally, you are permitted to use it for financing before the project even begins.
Co-borrowers may be partners in ownership of the property for which you are requesting the loan. Anyway, the co-applicant partners are expected to be mother-son, father-son, and husband-wife.hey should also be your blood relatives.
Yes, you may receive an in-principle acceptance of loans based on your earnings and capacity to repay the loan, which will make the process of choosing and purchasing your ideal house much more flexible and simple.
The asset you choose to use as collateral for the money you're borrowing will serve as security. As a result, you can apply for this loan without securing any other property. However, you must ensure that the property you are presenting as collateral for the loan has a prominent marketable record and is free and clear of any liens or defaults.
Yes, you are able to transfer the balance that is still outstanding on the home loan from another bank or financial organisation to Shriram Finance. To learn more, you can get in contact with the company's management.
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