Have a Look at Shriram Housing Finance Interest Rates on Loans

Shriram Housing Finance Ltd. (SHFL) offers a wide array of products under the loan segment and some of the most demanding loans are home loans and personal loans. The home loan offered by Shriram Housing Finance is one of its kind with the facility of a higher loan at an affordable rate. Also, the personal loan offered by Shriram Housing Finance is also a great option for you when you are in urgent need of money. So, have a look at the personal loan and housing loan interest rates of SHFL and apply for the product that you need.

Shriram Housing Finance Personal Loans

The personal loan can be taken on the basis of the eligibility as described below:

  • Age – 18 to 59 years of age
  • Salaried and Self Employed individuals

Features of SHFL Personal Loan

  • No Cheque bounces in Bank statements
  • Repayment through Equated Monthly Installments
  • Declaration of existing loan commitments
  • Should be employed for a minimum period of 1 year. In case of self-employment – 2years
  • Should be in the same residence for a minimum period of 1 year
  • Minimum Tenor – 12 Months Maximum Tenor 36 months – Scheme based
  • For minimum income criteria, please do visit our nearest branch

Documents Required

Valid Identity Proof (as per RBI norms)- A valid Identity Proof will be any one of the followings:

  • Passport
  • Driving Licence
  • Voter ID Card
  • Aadhar Card
  • PAN Card

Valid Address Proof (as per RBI norms)- A valid address Proof will be any one of the followings:

  • Passport
  • Driving Licence
  • Ration Card
  • Gas Bill with Gas book
  • Minimum Tenor – 12 Months Maximum Tenor 36 months – Scheme based
  • Income Proof Documents
  • Bank Statement for last 6 months
  • Post Dated Cheques and Electronic Clearing Mandates
  • Legal Documents as stipulated by Shriram City Union Finance Limited
  • Collateral Security as advised by Shriram City Union Finance
  • Any other document as advised by Shriram City Union Finance

Personal Loan Interest Rates

The interest rates are subject to change from one scheme to another and are based on the schemes selected by the borrower.

Shriram Housing Finance Home Loan

The home loan offered by Shriram Housing Finance Ltd. is one of the best home loans available in the market. The combination of a higher loan amount at an affordable rate makes this home loan unique and hence gives a borrower the opportunity to make their dream home. So, have a look at the features of the home loan offered by Shriram Housing Finance.

Features and Benefits of Shriram Finance Home Loan

  • Availability of flexible schemes for an informal segment for calculating loan eligibility e.g. Self-employed segment is exempted from submitting the income proofs, while a special scheme is in place for an informal salaried segment.
  • Part-payment or pre-closure of loans are free of any charges.
  • You can take over any existing loan with additional finance to serve personal purposes such as higher education, marriage, medical emergency and others.
  • You are free from any hidden charges.
  • Extensive branch network with a presence in 16 states & one union territory of India.
  • Property risk & mortality risk are taken care of through the company's collaboration with third-party insurers

Home Loan Interest Rates

The home loan interest rate offered by Shriram Housing Finance is 15% per annum which is one of the lowest interest rates on home loans.

Purposes for which you can take this Home Loan

The housing loan is a multi-purpose loan and can be taken for the following purposes:

  • Purchase
  • Plot Plus Construction
  • Construction
  • Extension
  • Balance Transfer with or without additional finance
  • Renovation or Repair

Eligibility Criteria

The candidates who can apply for this home loan are as follows:

  • Salaried individuals
  • Self-employed individuals

Documents Required

The list of documents that you must have at the time of applying for a home loan at Shriram Housing Finance is as follows:

For Salaried:

  • Application form duly filled-up with photograph affixed on the space provided for the purpose
  • Identity Proof (Aadhaar Card, PAN Card or Election Identity Card), age proof, residence proof
  • Copies of the Bank Account Statements for the last six months of all the Bank Accounts including loan accounts/OD Accounts, if any
  • Salary slips for the latest three months along with CTC letter
  • Form No 16 along with IT returns and computation for total income for the last three years

For Self-employed:

  • Copies of the Income-tax Returns for the last 3 years along with financial statements, such as P&L Account and the Balance Sheet for the last three years with tax audit compliance report (wherever applicable) duly certified by the Chartered Accountants
  • Property documents

Srishti Singh has a keen interest in writing about loans and is an expert in writing about home loans and personal loans. She has given her share of knowledge on the products offered by Shriram Housing Finance and has helped people make the right choice.For More Information Visit Here: WishFin

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