While creating your happy abode, if you feel that you would need to spend a little more than what you had initially budgeted, we are there for you to give you that extra help. We are happy to give you a top up loan on an existing home loan, because we understand that a home is incomplete without a dash of a little extra flavor. Let us help you get the toppings to your cake, by our top-up loans.apply now
Subject to your retirement age
Highly flexible - upto 25 years. Loan to be normally repaid before date of retirement in case of salaried persons and before attaining 70 years of age in case of others. Repayment upto 70 years also allowed to salaried employees having assured post retirement income.
With Simple Documentation Process. Getting a home loan from SHFL is easy and quick.
We provide Dedicated Relationship Manager to offer a distinguished service to our Customers.
The income tax authorities offer certain benefits and exemptions to individuals who have taken a housing loan from specified financial institutions. Section 24 of the Income Tax Act. Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. Rs 2,00,000 is the maximum amount eligible for deduction in the case of self-occupied property and for rented out property there is no limit of amount of deduction. Section 80C of the Income Tax Act. You can get a maximum Rs.1,50,000 deduction from the Income, on repayment of principal during a financial year. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assessee is also considered under this amount.
Life insurance cover is offered to housing loan borrowers , at affordable premiums against risk of death during the tenure of the loan under group insurance Credit shield scheme. We have a tie up with Shriram life insurance and Kotak life insurance for the same. The premium can be funded as well . We also offer a property insurance to our customers to safeguard the structure against any accidents or damages.
For salaried individuals, home loan eligibility criteria is as follows –
Up to 0.50% of the loan amount or ?5,000 whichever is higher, plus applicable taxes.
Individual Borrowers – Nil
For self-employed individuals or entrepreneurs, home loan eligibility criteria are such that they have must at least three years of experience in their current field.
Up to 0.50% of the loan amount or Rs. 5,000 whichever is higher, plus applicable taxes.
Individual Borrowers – Nil
Fill the application form and submit to us.
Our Representative will talk to you for a quick chat.
Congratulations! You’re on your way to secure Top Up Loans!
Your EMI Amount will be
Total Amount Payable
Your Home loan Eligibility
Your Home Loan EMI will be
From the time you decide to invest in real estate to the time you decide the final property, any time in between is a good time to apply for loans. The loan amount is sanctioned in principle so that you can know the loan amount limit. This will help you plan your other expenses involved during setting up your dream home.
The good news is that you can avail a home loan for any ready property, under construction or if you are constructing your own house. The loan can also be applied before the commencement of the project.
We are happy to say yes again! Before you choose the house you want to buy, we give you an in-principle approval based on your income and capacity to repay. This makes the entire process of identifying and buying a house easier and more flexible.
The Co-owners of the property for which loan has been sought can be co-applicants. The co-applicants must be blood relatives. Usually, joint applications are from husband-wife, father-son or mother-son.
To maximize the sanctionable loan amount.. Adding a woman as co-applicant also helps in getting a better interest rate.