Home Loan Rates 2018 7919 views
Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure
Table of Contents
- 1 About Shriram Housing Finance Home Loan
- 1.1 Shriram Housing Finance Home Loan Interest Rates
- 1.2 Shriram Housing Finance Home Loan EMI Calculator
- 1.3 Documents Required
- 1.4 Shriram Housing Finance Contact Number
- 1.5 Shriram Housing Finance Branch Locator
- 1.6 Shriram Housing Finance Home Loan Eligibility Calculator
- 1.7 Features and Benefits of Shriram Housing Finance Home Loan
About Shriram Housing Finance Home Loan
Thinking about buying a home? For some, it may be a challenging task whereas for others it will be the major decision of life.However, it feels great when you get a possession of your dream home. Keeping this in view, Shriram Housing Finance Limited can just be the medium to offer suitable home loans. Whether it’s the purchase of a new home, resale property or an under-construction home, the housing finance company has custom home loan offers to pursue varied needs of the individuals. The company offers various innovative mortgage products to provide financial assistance to prospective homeowners who remain underserved even today.
Shriram Housing Finance Home Loan Interest Rates
Salaried and Self-employed professionals are allowed to avail Shriram Home Loan depending on their personal eligibility criteria evaluated by Shriram Housing Finance Ltd.
|Interest Rates||15% p.a.|
|Loan Amount||From Rs. 1 lakh to Rs. 75 lakhs|
|Age criteria||> 21 years and < 65 years|
|Processing Fees||As per the preceding section of the Sanction Letter|
|Pre-payment or Foreclosure Fee||Individual Borrowers – Nil|
Non Individual borrowers/co-borrowers – 2.00% of the balance outstanding at the time of foreclosure or 2.00% of the part prepayment amount.
|Loan to Value||80% of the property value|
Interest Rate Comparison Tool
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Shriram Housing Finance Home Loan EMI Calculator
Now you can estimate how much loan amount you are comfortable in paying towards your home loan. With the help of Shriram Housing Finance home loan EMI Calculator, you can easily determine the EMI. This online tool will ask you for details such as loan amount, the rate of interest applicable and term of your loan for you to enter. Once these details have been filled in, the calculator will automatically display the EMI which you shall be required to pay towards your home loan.
For example: You can check below the table to find the EMIs and other payments accruing to your proposed loan.
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Total Interest Amount
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Below are the documents required at the time of applying for housing loan.
|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.||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.|
|Form No 16 along with IT returns and computation for total income for the last three years.||Property documents|
Shriram Housing Finance Contact Number
For any queries or grievances, you can contact your nearest Shriram Housing Finance Ltd. branches and offices. Alternatively, you can contact on 1800-102-4345 or write an email at the email address mentioned on the website.
Shriram Housing Finance Branch Locator
|Delhi/Noida||Plot No. 2, 3rd Floor, Block – E, Sector – 1, Noida, Dist. Gautam Budh Nagar – 201301 |
|Uttar Pradesh||(1) 203 & 204, 2nd Floor, Sky High Chamber, Park Road, Lucknow – 226001. |
(2) 1st Floor, Sky Tower, Plot No. 39/2/4, Building Unit No. 220A to 220E, Sanjay Place, Agra – 282002
(3) Pili Bhit Bypass Road, Opp. Rohilkhund University, Above SBI, Bareily – 243001
(4) LDA Centre, No.2, S P Marg, Nawab Yusuf Road, Civil Lines, Allahabad – 211001
(5) 139-141, 3rd Floor, Above Punjab National Bank, Mangal Pandey Nagar, University Road, Meerut – 250004
|Punjab||1st floor, SLS Tower, 100 Feet road Plot no. 273, Near Axis Bank, Amritsar- 143 001 |
|Rajasthan||Office No. 401, 4th Floor, Fortune Heights Building, Subhash Marg, C-Scheme, Jaipur- 302001|
|West Bengal||CK – 15, Sector – II, Grnd Floor, Salt Lake City, Kolkata – 700 091 |
|Maharashtra||506, 5th Floor, East Court, Phoenix Market City, Building No. A, Viman Nagar, Opp. To Gega Space, Pune – 411014|
|Andhra Pradesh||Door No.14-1-1/2B, Grnd Floor, Nouroji Road, Maharanipeta, Vishakhapatnam – 530002 |
|Madhya Pradesh||Plot No.7, 2nd Floor, Kwality Business Center, Zone II, M. P. Nagar, Bhopal – 462011 |
|Karnataka||No. 52, 9th Main, 29th Cross, Banashankari, 2nd Stage, Bengaluru – 560070|
Shriram Housing Finance Home Loan Eligibility Calculator
Post knowing the eligibility criteria and other details like interest rates, maximum loan amount and processing fee, it’s time to check out the amount of loan you can get from Shriram Housing Finance. What will help you here is the hassle-free home loan eligibility calculator of the company? The calculator will provide you the accurate estimate of your home loan. Just enter the basic details such as your monthly income, your fixed monthly obligation, your current age, your retirement age etc and submit the same. The result will show your affordability towards your home loan.
Suppose you are working in an MNC and earning a monthly salary of Rs. 55,000. Out of which, you wish to save Rs. 10,000 for repaying it towards your EMI.
The lenders, before disbursing the loan, make sure the proposed EMIs do not go beyond the level of 50%-60% of your net income. If the said EMIs fall within the range or below, you could get a desired loan amount to buy your dream home. However, in the absence of the same, the loan amount disbursal may be lesser.
Initially, the calculator will perform the operation of arriving at per lac EMI. Want to know the calculation of the same? It will be calculated based on the interest rate and maximum tenure of the loan. Below is a calculation of per lac EMI.
Amount- Rs. 1,00,000
Rate of Interest-15% p.a.
Loan Tenure-20 Years
Per Lac EMI- Rs. 1317
Loan Amount Eligibility- Rs. 100,000 x savings/per lac EMI
– Rs. 100,000 x 10,000/1317= Rs. 7.59 lacs(approx.)
So, the expected home loan amount from Shriram Housing Finance Home Loan amounts to Rs. 7.59 lacs(approx.)
Features and Benefits of Shriram Housing 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 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.