What is India Shelter Home Loan Rate of Interest?

When you take a home loan through India Shelter, the interest rates are higher for home equity loans or loans against property, where the loan usage is not for housing purposes. Apart from this, the processing fee of up to 2.5% exclusive of GST is also charged by the bank while processing the home loan. I think it would be helpful to share a bit more information, such as the features, since you’re looking for a home loan at India Shelter.

What is the India Shelter Home Loan Interest Rate and Features?

• You can get a loan amount between Rs. 5 lakhs to Rs. 50 lakhs

• The maximum loan tenure is 20 years.

• The loan purpose can be either of the following:

  • To add an additional floor to your existing house.

  • For self-construction

  • For internal or external repairing of your existing house

  • For purchasing a property

  • For purchasing a plot.

  • To add additional rooms in your existing house.

What are the Documents Needed to Apply for a Home Loan at India Shelter?

1. An application form with a photograph having the signatures of all the applicants.

2. ID Proof

3. Address Proof

4. Property Documents

5. Coloured passport sized photograph

6. Last three months salary slips (for salaried)

7. IT returns of the last 2 years or your business records (for self-employed) 

8. LIC Policy

9. FD or RD

10. Information regarding any other of your loan accounts.

11. Any other investment or savings information.

This is all about the India Shelter Finance home loan interest rate. I hope this helps.