Shriram Housing Loans Highlights 2022 | |
Interest Rate | 8.90% onwards |
Loan Amount | Up to Rs. 10 crore |
Loan Tenure | Up to 25 years |
Processing Charges | Up to 0.50% of the loan amount or Rs. 5,000 whichever is higher + GST |
Table of Contents |
Features and Benefits of Shriram Housing Finance Home Loan
- High loan amount availability
- Tax benefit under Section 24 and 80C of the Income Tax Act
- Quick approval
- Wide range of home loan products
- Simplified documentation
- Balance transfer facility
- Up to 25 years of repayment time
Shriram Housing Finance Home Loan Interest Rates
The current Shriram Housing Finance home loan interest rate starts from 8.90% per annum, which is linked to Shriram Housing’s Prime Lending rate (SHPLR). The actual rate of interest applicable on a home loan depends upon the loan amount applied for and the risk profile of the customer.
Compare Home Loan Interest Rates for Top Banks & HFCs
Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
SBI | 8.50% - 10.15% | 8.50% - 10.05% | 8.50% - 10.05% |
HDFC | 8.50% - 10.35% | 8.50% - 10.60% | 8.50% - 10.70% |
LIC Housing Finance | 8.60% – 10.35% | 8.60% – 10.55% | 8.60% – 10.75% |
ICICI Bank | 9.00%-9.80% | 9.00%-9.95% | 9.00%-10.05% |
Kotak Mahindra Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
PNB Housing Finance | 8.75% - 14.50% | 8.75% - 13.00% | 8.75%-11.35% |
Punjab National Bank | 8.65%-9.60% | 8.60%-9.50% | 8.60%-9.50% |
Bank of Baroda | 8.60% - 10.65% | 8.60% - 10.65% | 8.60% - 10.90% |
Union Bank of India | 8.50% – 10.75% | 8.50% – 10.95% | 8.50% – 10.95% |
IDFC First Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
L&T Housing Finance | 8.60% onwards | 8.60% onwards | 8.60% onwards |
Bajaj Housing Finance | 8.50% onwards | 8.50% onwards | 8.50% onwards |
Tata Capital | 9.15% onwards | 9.15% onwards | 9.15% onwards |
Federal Bank | 10.15%-10.20% | 10.20%-10.25% | 10.25%-10.30% |

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Shriram Housing Finance Home Loan Fees & Charges
Particulars | Charges |
Processing Fees | Up to 0.50% of the loan amount or Rs. 5,000 whichever is higher + GST |
Prepayment/ Foreclosure Charges | ● Part or Full Prepayment of the loan (on Floating Rate of Interest) by Individual borrower(s) where only Individuals are applicant/co-applicant: NIL ● Part or Full Prepayment of the loan (on Floating / Fixed Rate of Interest) by the non-individual borrower(s) being an applicant or co-applicant: (i) 4% of principal prepaid + applicable taxes, in case closed from own funds (ii) Additional 2% of principal prepaid + applicable taxes, in case of Balance Transfer being done via borrowing from Bank/HFC/NBFC/Any Financial Institution |
Instrument Return Charges | Rs. 1,000 per instance |
Overdue interest rate | ● 30% p.a. i.e. 2.50% per month of the overdue instalments/amount for floating rate loans ● 36% p.a. i.e. 3.00% per month of the overdue instalments/amount for fixed-rate loans. |
CERSAI fees | Rs. 50 for loans up to 5 lakh & Rs.100 for loans greater than 5 lakh (to be collected at the time of closure of the loan) |
Conversion fees | Fixed to Variable: Up to 1.0% of the loan outstanding Variable to Fixed: Up to 1.5% of the loan outstanding |
Loan cancellation charges | Rs. 5,000 |
Duplicate statement issuance charges | Rs. 250 per instance |
Photocopy of title deeds issuance charges | Rs. 500 per instance |
Retrieval of title deeds | Rs. 500 per instance |
Cheque/Instrument swap charges | Rs. 500 per instance |
Duplicate amortization schedule issuance charges | Rs. 250 per instance |
Duplicate interest certificate (provisional/actual) issuance charges | Rs. 250 per instance |
Mortgage Creation /Release Charges | As per the laws of the State where the property is located/mortgage is being created |
Legal / Recovery / Incidental Charges | As per actual, applicable in the event of default |
Shriram Housing Finance Eligibility Criteria
- Salaried individuals
- Self-Employed professionals
- Self-Employed non-professionals
- Loan eligibility is derived on the basis of repayment capacity as well as the value of the property under consideration
- The loan can be applied for individually or jointly. However, all co-applicants need not be co-owners
- Age: 21-60 or up to the age of retirement
To know whether you qualify for a Shriram Housing Finance home loan, use the Home Loan Eligibility Calculator. It is an online tool that helps you to know the loan amount you are eligible to borrow. The calculation is done on the basis of a few basic details like gross monthly income, loan tenure, loan interest rate and ongoing loan payments.
Shriram Housing Finance Documents Required
Salaried Individuals
- Duly filled in and signed the application form with photographs
- Identity, address and age proof
- Salary slip of last 3 months
- Bank statement of the past 6 months
- Form-16 and Income Tax Returns (ITR) details of two years
- Title documents of the property
Self Employed Individuals
- Duly filled in and signed application form with photographs
- Identity, address and age proof
- ITR and financial statements, including balance sheet, profit & loss account, schedules. (documents must be certified by a CA)
- Bank statement of the past 12 months
- For partnership firms: Latest partnership deed
For companies: Latest Memorandum and Articles of Association (CA certificate on profit sharing ratio/list of directors/shareholding partnership)
For Limited Liability Partnership: LLP Agreement - Title document of the property along with business address proof
Shriram Housing Finance Home Loan Schemes
1. Regular Home Loan
This is a regular home loan scheme that is available to all eligible salaried and self-employed individuals who need financial support to buy a house.
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 8.90% onwards |
Loan Tenure | Up to 25 years |
2. Residential Plot Loan
This scheme is available to both salaried and self-employed individuals who are looking for funds to purchase a plot and construct a house thereon.
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 8.90% onwards |
Loan Tenure | Up to 25 years |
3. Home Improvement Loan
This scheme is available to customers looking for funds to redesign or renovate their existing house. The scheme is available to both new and existing customers.
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 8.90% onwards |
Loan Tenure | Up to 25 years |
4. Home Extension Loan
This scheme is suitable for customers who wish to extend or add additional space to their homes. The scheme is available to both new and existing customers.
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 8.90% onwards |
Loan Tenure | Up to 25 years |
5. Balance Transfer
This scheme is available to new customers who wish to move their home loan account from another HFC to Shriram Housing Finance. Additional Top-Up Loan is also available under this scheme.
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 8.90% onwards |
Loan Tenure | Up to 25 years |
6. Top-Up Loan
This scheme is available to exist home loan customers looking for funds to meet additional personal or business expenses.
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 8.90% onwards |
Loan Tenure | Up to 25 years |
7. Pradhan Mantri Awas Yojana (PMAY)
It is a government scheme launched to provide housing to all urban and rural poor across India. Under the scheme, the government offers interest subsidies of up to Rs. 2.67 lakh on home loans availed for buying, constructing, extending or renovating homes. Shriram Housing Finance extends affordable housing benefits of Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (PMAY CLSS) to all the customers eligible for this scheme.
Shriram Housing Finance Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395

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Shriram Housing Finance Customer Care Details
Customers can reach out to Shriram Housing Finance through the below-mentioned contact details to get their home loan-related queries addressed.
- Toll-Free:1800-102-4345
- Email: contact@shriramhousing.in
FAQs
Q1. How can I increase my chances of getting a higher loan amount?
You can increase your chances of getting a higher loan amount by adding earning co-applicants to your home loan. Adding a woman as a co-applicant also helps in getting a better interest rate.
Q2. Can I get an in-principle approval at an earlier time and later avail of the loan?
Yes. Before you choose the house/flat you want to buy, you can get an in-principle approval based on your income and repayment capacity.
Q3. What are the securities/collaterals I need to provide?
The security required is the equitable mortgage of the property for which the loan is availed. It is important for the borrower to ensure that the title of the property should be clear, marketable and free from any detail of encumbrances.
Q4. What is the minimum loan amount offered by Shriram Housing Finance?
The minimum loan amount offered by Shriram Housing Finance is Rs. 1 lakh.
Q5. How do I repay my loan?
The repayment of the home loan is possible through the following modes.
- Flexible loan instalment plan
- Tranche Based EMI