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India Shelter Home Loan

Home Home Loan India Shelter Home Loan
हिंदी में पढ़े
Updated: 22-04-2022 10:10:52 AM

 Please Note: India Shelter Finance Corporation Ltd. is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

Formerly known as Satyaprakash Housing Finance India Limited (SHFIL), India Shelter Finance Corporation Ltd (ISFC) is a home finance company that offers home credit to middle-income households to improve or extend their current housing. The house loan offered by India Shelter Finance can be used for various purposes, such as home construction, purchase of apartment(s), and home improvements and extensions. As of 12 Dec 2018, India Shelter has served over 25000 families and extended loans of more than Rs. 800 crores. India Shelter also provides loans against property.

Let’s take a look at the interest rate offered and home loan eligibility criteria defined by India Shelter Finance Corporation (ISFC).

Indian Shelter Home Loan
Indian Shelter Home Loan Eligibility Criteria & Charges
Features and Benefits:
Additional Documents required:
India Shelter Customer Care
India Shelter Finance Co-operation (ISFC) FAQs

Indian Shelter Home Loan

India Shelter Home Loan Details 2022
Interest Rate12% onward
Loan TenureMax. Up to 20 years
Loan AmountMin. Rs. 5 Lakhs – Max. Rs. 50 Lakhs
Processing Fee2% – 3% of the loan amount + GST

Note: Interest rates are subject to periodic change and are defined at the sole discretion of the respective bank, NBFC or RBI. (Applicable GST @ 18% will be levied on these charges)

Get Home Loan at the Low Interest Rate from Top Lenders Apply Now

The main focus of Indian Shelter Finance is to increase the housing standard, as well as improve the health and education facility for families connected with them.

Indian Shelter Home Loan Eligibility Criteria & Charges

  Eligibility Criteria & Charges
AgeMin. 21 years & Max. 65 years at the time of loan maturity
Applicant(s)Family Members & Co-owners of property
Pre-payment charges (fixed rates only)Nil, if happens with own funds or Up to 4.5% if from other sources (Pre-closure)
Credit HistoryMin. defaults in repayments, if any

Features and Benefits:

  • Easy documentation process
  • Loan amount between Rs. 5 lakhs – Rs. 25 lakhs
  • Tenure up to 20 years
  • Loan approval within 7 working days
  • Loan without income proof documents
  • Assistance on phone available in Hindi and English at local call rates
  • Home loans are available at only fixed rates
  • EMIs doesn’t change as interest is offered at a fixed rate
  • Flexible and convenient to calculate EMIs and repayment options
  • Quick and speedy loan approvals
                                                              Documents Required
                                                          Duly Filled Application form
                                                  Photograph duly signed by applicants
Identity ProofPAN Card, Voter’s ID card, Bank Passbook, Driving License, Aadhaar Card, etc.
Age ProofPassport, Birth Certificate, Voter’s ID, PAN Card, Pass Certificate 10th or 12th
                                                               Property Documents
                                                    Colored passport size photograph
              Applicable property documents need to be deposited with the lender to secure the loan

Additional Documents required:

  • Income Tax Returns (ITR) of the last 2 years or financial statement of business
  • LIC Policy, if any
  • Last 3 months’ salary slips
  • Fixed Deposit and Recurring Deposit Documents
  • Details of any other loan account that you are repaying currently

India Shelter Customer Care

Toll Free no: 1800 572 8888

If in case you have any issues, complaints or grievances regarding your current home loan you can reach India Shelter’s customer care team by simply dialing their another Toll Free number at 1800-532-4444 or you can visit the branch, as per your convenience.

India Shelter Limited,

6th Floor, Plot No 15, Institutional Area,

Sector 44, Gurugram – 122003

India Shelter Finance Co-operation (ISFC) FAQs

1.What is the home loan interest rate offered by India Shelter Finance?

 Ans. The home loan interest rate offered by India Shelter Finance starts from 10% onward and is offered only at a fixed rate of interest.

2. What is the maximum loan amount offered by India Shelter Finance?

Ans. Maximum loan amount of Rs. 20 lakhs is offered to its customers.

3. What are the defined pre-payment charges applicable for the disbursed home loan?

Ans. As the home loans are offered at a fixed rate of interest, so there are no pre-payment charges. However, if the home loan is disbursed in other than own sources then the pre-payment charges will be up to 4.5% of the principal outstanding amount.

4. How much time does India Shelter takes in loan approval?

Ans. As per the NBFC, the time taken in the loan approval process is 7 working days.

5. What is the most important document that I need to submit when applying for a home loan? 

Ans. Applicable property documents like title deeds need to be deposited with the lender to secure the loan.

6. Where can I get the application form to apply for an India Shelter home loan?

Ans. The application form can be downloaded from their official website. However, you can also apply online for an India Shelter home loan by visiting paisabazaar.com. Here you have the option to check and compare between various loan options offered by the same bank or another.

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