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India Shelter Home Loan Highlights |
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| Interest Rate | 10%-24% p.a. |
| Loan Amount | Rs 5 lakh to Rs 50 lakh (Rs 8 lakhs to Rs 40 lakhs for salaried applicants) |
| Loan Tenure | Up to 20 years |
| Processing Fees | Up to 4% of the sanctioned loan amount plus GST |
Note: Last updated on 18th June 2025
Table of Contents
India Shelter Home Loan Interest Rates
India Shelter home loan interest rate starts at 10% p.a. The HFC has not disclosed the differential home loan interest rates based on credit score, monthly income, occupation profile, etc. of their loan applicants, lenders usually consider these factors while setting the interest rates for their home loan applicants.
Fixed Rates
| Employment Type | Interest rate (p.a.) |
| Salaried | 10%-24% |
| Self-employed Professional | 10%-24% |
| Self-employed Non-Professional | 10%-24% |
Floating Rates
| Employment Type | Interest rate (p.a.) |
| Salaried | 10%-24% |
| Self-employed Professional | 10%-24% |
| Self-employed Non-Professional | 10%-24% |
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Compare Home Loan Interest Rates for Top Banks & HFCs
| Name of Lender | Loans Up to Rs. 30 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh | |
| State Bank of India | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | Check Eligibility |
| HDFC Bank Limited | 7.90% p.a. onwards | 7.90% p.a. onwards | 7.90% p.a. onwards | Check Eligibility |
| Bajaj Housing Finance | 7.49% p.a. onwards | 7.49% p.a. onwards | 7.49% p.a. onwards | Check Eligibility |
| ICICI Bank | 8.00% p.a. onwards | 8.00% p.a. onwards | 8.00% p.a. onwards | Check Eligibility |
| Axis Bank | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | Check Eligibility |
| Federal Bank | 9.15% p.a. onwards | 9.15% p.a. onwards | 9.15% p.a. onwards | Check Eligibility |
| Punjab National Bank | 7.55% - 9.35% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | Check Eligibility |
| Kotak Mahindra Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| Canara Bank | 7.50%-10.25% p.a. | 7.45% – 10.25% p.a. | 7.40% – 10.15% p.a. | Check Eligibility |
| IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| IDBI Bank | 7.75% p.a. onwards | 7.75% p.a. onwards | 7.75% p.a. onwards | Check Eligibility |
| RBL Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 7.99% p.a. onwards | 7.99% p.a. onwards | 7.99% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.25% - 11.50% p.a. | 8.25% - 11.50% p.a. | 8.25%-12.35% p.a. | Check Eligibility |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| India Shelter Home Loan | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
| Home First Finance | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | Check Eligibility |
| Easy Home Finance | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | Check Eligibility |
| Piramal Capital Housing Finance | 9.50% p.a. onwards | 9.50% p.a. onwards | 9.50% p.a. onwards | Check Eligibility |
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Fees and Charges for India Shelter Home Loan
Processing fees and administrative charges
| Particulars | Rates |
| Processing fees | Up to 4% of the sanctioned loan amount plus GST |
| Administrative Charges | Rs 600 plus |
Prepayment/Foreclosure Charges
| Particulars | Rates |
| Floating Interest Rate |
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| Fixed Interest Rate |
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Other Charges for India Shelter Loan Against Property
| Particulars | Charges |
| Login Fees | Up to Rs 5,000 |
| Loan Cancellation Charges | Rs 10,000 (including GST) |
| Cash Handling charges | Rs 300 |
| Technical Charges (from 2nd disbursement onwards) | For loan amount up to Rs 20 lakh: Rs 600 for each technical visit
For loan amount above Rs 20 lakh: Rs 750 Charges to be deducted from disbursement amount |
| Conversion Charges (for switching from floating to fixed interest and vice-versa or Loan Repricing) | Up to 4% of Loan outstanding |
| Penal / Late Payment charges | 36% p.a. charged on overdue EMI / instalment amount |
Note: No charges levied on part-payments up to 15% of loan amount outstanding at beginning of financial year
India Shelter Home Loan Eligibility Criteria
The home loan eligibility criteria for loan applicants availing India Shelter Home Loans are as follows:
- Both salaried and self-employed individuals are eligible to apply for the loan.
- The age of loan applicants should be between 18 and 70 years.
- The loan applicant should have a stable income source to repay the loan.
- Applicants having higher credit scores are eligible for availing higher loan amounts. Additionally, home loan customers having credit scores of (-1) are also eligible for availing the loan.
- Family members can be co-applicants for the home loan. The lender may consider their income to determine the loan amount.
Documents Required for Home Loan from India Shelter
- Identity Proof – Voter ID card, PAN card, Passport, Driving License, etc.
- Address Proof – Voter ID card, Aadhaar Card, Driving License, Passport, Electricity/water or telephone bill
- Property documents: Title Deeds and proof of no encumbrances on the property
- Income proof:
- For salaried: Salary slips, bank statement or Form 16 and salary certificate
- For self-employed: IT Returns and/or financial statements of last 3 years, informal income documents
- Cheque For Processing Fee
- Last 6 month bank statements (for salaried) and proof of business existence (for self-employed)
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India Shelter Home Loan EMI Calculator
Prospective borrowers availing India Shelter housing loans can use the home loan EMI calculator to find out the optimal EMI and loan tenure before applying for the loan.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs on India Shelter Home Loan
1. What is the Current Interest Rate offered for Home Loan By India Shelter?
Ans. India Shelter offers home loans interest rates between 12% and 22.50% p.a. to its loan applicants. However, the final interest rates offered by the lender may depend on their loan applicants’ credit scores, income, occupation profile, repayment capacity, value of the pledged home property, etc.
2. What types of Home Loan Products Does India Shelter offer?
Ans. India Shelter offers home loan products like home loans, home improvement loans, loan for plot purchase & construction and loan against property.
3. Who can apply for India Shelter Home Loan?
Ans. Prospective applicants aged between 18 and 70 years, having a stable source of income, can apply for India Shelter Home Loans. The lender offers its home loan scheme to both salaried and self-employed applicants.
4. What is the minimum credit score required to apply for India Shelter home loan?
Ans. The lender has not specified the minimum credit score requirements for its home loan applicants. However, home loan lenders usually approve home loan applications of those having credit scores of 750 and above.
5. What is The Maximum Time Period Allowed for Repayment of Your Home Loan?
Ans. India Shelter offers home loan repayment tenures of up to 20 years. However, the tenure for home loan applicants depends on their credit profile, income, age (at loan maturity), property’s age at loan maturity, etc.