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Shivalik Small Finance Bank Ltd., India's first Small Finance Bank transitioned from an urban co-operative bank in 2016, offers home loans under its Ghar-Angan scheme for property purchase, construction, or renovation up to Rs.50 lakh with up to 90% financing. As of November 2025, Shivalik Small Finance Bank home loan interest rate starts at 9.50% p.a. for eligible salaried borrowers with CIBIL 750+, up to 11.50% p.a. for self-employed, with tenures up to 20 years. It emphasizes speedy approvals, minimal documentation, and PMAY integration for EWS/LIG (subsidy up to 6.50%), targeting first-time buyers in urban/rural areas with 100+ branches across 10 states.
|
Feature |
Details |
|
Interest Rate |
Starts at 9.50% p.a. (up to 11.50% p.a. based on CIBIL and profile) |
|
Processing Fee |
Up to 1% of loan amount + GST (min Rs.2,500) |
|
Loan Amount |
Up to Rs.50 lakh (90% of property value) |
|
Repayment Tenure |
Up to 20 years |
|
Applicant Age |
21-70 years (at maturity) |
|
Approval & Disbursal Time |
7–15 working days (speedy for complete docs) |
|
Prepayment Charges |
Nil for floating rate loans (individuals) |
|
Eligibility (Salaried) |
Minimum Rs.20,000 monthly income; 1 year in current job; CIBIL 700+ |
|
Eligibility (Self-Employed) |
Minimum 2 years business; Rs.2.5 lakh+ annual ITR; CIBIL 700+ |
Shivalik Small Finance Bank home loan interest rate is floating, linked to the bank's internal benchmark rate (aligned with RBI repo at 6.50% as of November 2025), with spreads adjusted for CIBIL, income, and loan purpose—starting at 9.50% p.a. for salaried applicants with CIBIL 750+ on loans up to Rs.30 lakh, rising to 11.50% p.a. for self-employed or higher-value loans. The Ghar-Angan scheme emphasizes affordability for first-time buyers, with PMAY-CLSS subsidy up to 6.50% for EWS/LIG (income <Rs.18 lakh/year), reducing effective rate to ~3.00%; daily reducing balance applies, and women borrowers receive a 0.05% concession.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥750) |
9.50% |
10.50% |
Stable job, ≤Rs.30 lakh loan, PMAY eligibility |
|
Self-Employed Professionals |
10.00% |
11.50% |
ITR consistency, 2+ years business |
|
Balance Transfer/Top-Up |
9.75% |
11.00% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
9.50% (effective ~3.00%) |
10.00% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Shivalik Small Finance Bank |
9.50% |
Up to 1% |
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 Rs.30 lakh loan over 20 years at 9.50%, EMI is Rs.25,800—Rs.3,500 higher monthly than SBI's 7.50%, but PMAY subsidy saves Rs.2 lakh+ for LIG, and speedy approvals suit urgent needs.
Shivalik Small Finance Bank home loan calculator at shivalikbank.com/loan-calculator computes EMI, eligibility, and PMAY subsidies—input amount, rate (9.50%-11.50%), tenure for amortization and tax benefits (Rs.1.5 lakh u/s 80C + Rs.2 lakh u/s 24b).
Loan Amount: Rs.30 lakh
Interest Rate: 9.50% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.25,800 |
Rs.31.92 lakh |
Rs.61.92 lakh |
Reduce to 15 years: EMI Rs.29,400, saves Rs.9 lakh interest; PMAY adds Rs.2 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
Up to 1% + GST (min Rs.2,500) |
|
Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
|
CERSAI Registration |
Rs.500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <1.5%; no commitment fees, PMAY elements waived.
● Age: 21–70 years
● Minimum Rs.20,000 monthly net income
● 1 year in current job
● CIBIL: 700+ (750+ for lowest rates)
● Age: 23–70 years
● 2 years business
● Minimum Rs.2.5 lakh annual ITR
● CIBIL: 700+; audited P&L required
90% LTV for PMAY; co-applicants (spouse/family) enhance limits.
|
Service |
Contact Details |
|
Toll-Free Helpline (24x7) |
1800 202 5333 |
|
Email for Queries |
customercare@shivalikbank.com |
|
Grievance Redressal |
grievance@shivalikbank.com |
|
Branch Hours |
9:30 AM–5 PM (Mon-Sat) |
Log into shivalikbank.com/track-application with application no./mobile OTP—view stages: Submitted, Verified, Sanctioned, Disbursed. Or call 1800 202 5333 (option 3); email customercare@shivalikbank.com for 48-hour updates; SMS alerts on registered mobile.
Salaried applicants need a minimum Rs.20,000 monthly net income, while self-employed require Rs.2.5 lakh+ annual ITR with 2 years business stability. The bank assesses based on 50% debt-to-income ratio for EMI affordability up to Rs.50 lakh; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants increasing limits by 20-30%.
Yes, NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 10.00% p.a. with 80% LTV via power of attorney. Submit attested salary slips and overseas address; contact customer care for NRI desks, with disbursal in 10-15 days.
Yes, PMAY-CLSS offers 6.50% interest subsidy up to Rs.2.67 lakh on loans ≤Rs.12 lakh for EWS/LIG/MIG (income <Rs.18 lakh/year, property ≤Rs.45 lakh). Eligibility requires Aadhaar-seeding; the bank handles processing, reducing effective rate to ~3.00% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 9.75%-10.75% (0.25%-1% lower than originators) requires 12-month statements and NOC, with up to 1% processing fee. It includes top-up up to 20% original for renovations; processing takes 7-10 days, saving Rs.2,000+ monthly on Rs.30 lakh loans.
With affordable housing demand up 12% in 2025 (NHB data), Shivalik Small Finance Bank home loan interest rate calculator processing fee requirements application process customer care status delivers 9.50% rates, PMAY subsidies, and quick approvals—ideal for Rs.10-50 lakh first-time buys. Apply at shivalikbank.com
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