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India Shelter Finance Corporation Ltd., a Gurugram-based NHB-registered HFC formerly known as Satyaprakash Housing Finance (rebranded 2010), focuses on affordable housing for low/middle-income urban households across 15 states with 100+ branches. As of October 2025, India Shelter Finance home loan interest rate starts at 10.50% p.a. for salaried with strong profiles (CIBIL 700+), up to 20% p.a. for informal self-employed, with loan amounts up to ₹50 lakh and tenures to 20 years. It offers 80-90% LTV for EWS/LIG under PMAY (subsidy up to 6.50%), quick 5-day approvals, no prepayment charges, and minimal docs—even for CIBIL -1 scores—targeting ₹5-30 lakh loans for purchase/construction/renovation in tier-II/III cities.
|
Feature |
Details |
|
Interest Rate |
Starts at 10.50% p.a. (up to 20% p.a. based on profile) |
|
Processing Fee |
2-3% of loan amount + GST (up to 2.5% in some cases) |
|
Loan Amount |
₹5 lakh to ₹50 lakh (80-90% LTV for PMAY-eligible) |
|
Repayment Tenure |
Up to 20 years |
|
Applicant Age |
21-70 years (at maturity) |
|
Approval & Disbursal Time |
5 working days (up to 7 for complete docs) |
|
Prepayment Charges |
Nil (no foreclosure/part-payment penalties) |
|
Eligibility (Salaried) |
₹15,000+ monthly; 1 year job; CIBIL 650+ (even -1 accepted) |
|
Eligibility (Self-Employed) |
2 years business; surrogate proofs (no strict ITR); informal income OK |
India Shelter Finance home loan interest rate is profile-linked (internal benchmark + spread), starting at 10.50% p.a. for salaried with CIBIL 700+ on ≤₹30 lakh loans, up to 20% p.a. for informal self-employed without formal docs. Floating rates adjust with RBI repo (6.50% Oct 2025); PMAY-CLSS subsidy (6.50% on ₹6 lakh for EWS/LIG) drops effective rate to ~4%; top-up at +0.50% on existing loans. No fixed rate option; daily reducing balance applies.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥700) |
10.50% |
14.00% |
Stable income, ≤₹30 lakh, PMAY eligibility |
|
Self-Employed/Informal |
13.00% |
20.00% |
Surrogate proofs, business cash flow, no ITR needed |
|
PMAY EWS/LIG/MIG |
10.50% (effective ~4%) |
13.00% |
Income <₹18 lakh, property ≤₹45 lakh |
|
Top-Up/Balance Transfer |
11.00% |
15.00% |
Existing repayment history, add-on ≤20% |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
India Shelter Finance |
10.50% |
2-3% |
20 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For a ₹30 lakh loan over 20 years at 10.50%, EMI is ₹26,900—₹4,100 higher monthly than SBI's 7.50%, but PMAY subsidy saves ₹2 lakh+ for LIG, and CIBIL -1 acceptance adds inclusivity for underserved.
India Shelter Finance home loan calculator at indiashelter.in/emi-calculator factors PMAY—input amount, rate (10.50%-20%), tenure for EMI, amortization, and subsidies.
Loan Amount: ₹30 lakh
Interest Rate: 10.50% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
₹26,900 |
₹33.56 lakh |
₹63.56 lakh |
Reduce to 15 years: EMI ₹30,700, saves ₹9 lakh interest; PMAY adds ₹2 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
2-3% + GST (up to 2.5% in cases) |
|
Legal & Valuation Fee |
Actuals (₹3,000–₹5,000) |
|
CERSAI Registration |
₹500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <3.5%; no commitment fees, PMAY elements waived.
● Age: 21–70 years
● ₹15,000+ monthly net income
● 1 year job stability
● CIBIL: 650+ ( -1 OK with justification)
● Age: 23–70 years
● 2 years business
● Surrogate proofs (bills/statements); informal income accepted
● No strict ITR for low-value loans
90% LTV PMAY; co-applicants (up to 4) enhance limits.
|
Service |
Contact Details |
|
Toll-Free Helpline (9AM-6PM) |
1800-572-8888 |
|
|
customer.care@indiashelter.in |
|
Grievance Redressal |
cgro@indiashelter.in / 0124-4131866 |
|
Missed Call/Whatsapp |
7065515122 / 9350657100 |
Login to indiashelter.in/customer-portal with ref no./mobile OTP—track: Submitted, Verified, Sanctioned, Disbursed. Or call 1800-572-8888/SMS "STATUS [Ref No.]" to registered no.; email customer.care@indiashelter.in for 48-hour response.
Salaried need ₹15,000+ monthly; self-employed via surrogate proofs (no min ITR). DTI ≤50% for up to ₹50 lakh; PMAY EWS (<₹3 lakh/year) prioritizes with co-applicants boosting 30%.
Limited; residents focus, but NRIs with India ties qualify via POA at +0.50% rates (11% p.a.), 75% LTV. Submit overseas proofs; call 1800-572-8888 for branch NRI support.
Yes, PMAY-CLSS: 6.50% subsidy up to ₹2.67 lakh on ₹12 lakh loans (≤₹45 lakh property). EWS/LIG/MIG eligible (<₹18 lakh income); doorstep integration drops effective rate ~4%.
Transfer at 11-15% (1% lower than originators); 2% fee, quick docs. Submit NOC/statements; top-up 20% for extension—saves ₹2,000+ monthly on ₹30 lakh, 5-day processing.
With tier-II prices up 12% in 2025 (NHB data), India Shelter Finance home loan interest rate calculator processing fee requirements application process customer care status empowers underserved with CIBIL -1 funding, PMAY doorstep, and no prepay fees—financing 10,000+ families yearly. Ideal for ₹5-50 lakh affordable homes. Apply at indiashelter.in or call 1800-572-8888.
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