We understand variable credit cycles and occasional delays. We respect your needs and are there for you to help you through the uncertainties.
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Who is eligible
- All Indian residents
- Any 21 year old adult
- Any salaried or a self-employed individual
- Loan eligibility will be derived on the basis of your repayment capacity as well as the value of property under consideration
- The loan can be applied for individually or jointly. However, all co-applicants need not be co-owners.
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What is the loan tenure
Maximum loan tenure of 25 years subject to:
- Your retirement age will be considered if you are salaried
- Your age at maturity will be considered if you are self- employed
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What are the repayment options
- Flexible loan installment plan
- Tranche based EMI
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What are the benefits
- EWS (Economic Weaker Section) annual income Less than Rupees 3 Lac since 2017
- LIG (Lower Income Group) Annual Income 4,00,000 to 6,00,000 Lac INR as well as Mid Income group since Feb 2017
- The beneficiary family should not already own a pucca house in his/her or in the name of any member of the family in any part of India
- A married couple applying for subsidy or joint ownership can only avail a single subsidy.
- The beneficiary family should not have availed any Central/State Government subsidy or benefit for housing under PMAY
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How much can loan amount be
- Minimum loan amount is 1 lac
- Maximum loan amount is 10 cr
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Rate of Interest
We offer you floating rate of interest. Our Home Loan rate of interest is starting @ 10.49%, which are linked to Shriram Housing’s Prime Lending rate (SHPLR). Currently, SHPLR is 15%