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Truhome Finance Limited, formerly known as Shriram Housing Finance Limited, stands as a prominent housing finance company dedicated to making homeownership accessible across India. With an extensive network of over 170 branches spanning 16 states, Truhome Finance specializes in providing affordable and flexible home loan solutions tailored to diverse financial needs. We offer comprehensive financing for various purposes including home purchase, construction, extension, renovation, plot + construction, and balance transfer, ensuring you find the perfect financial product for your dream home.
Truhome Finance offers a comprehensive range of home loan products designed to meet various housing needs, ensuring a smooth and transparent borrowing experience:
Truhome Finance offers competitive interest rates for its home loan products, varying based on applicant profile, loan amount, and CIBIL score. The rates are designed to be affordable and accessible, helping you manage your home loan EMI effectively.
While specific criteria vary by loan product, general eligibility for a Truhome Finance home loan includes:
Truhome Finance caters to a wide spectrum of housing finance needs, ensuring you find the right loan for your specific requirement:
Transparency in fees is a cornerstone of Truhome Finance's service. Key charges associated with our home loans include:
Applying for a home loan with Truhome Finance is designed to be straightforward and efficient, ensuring a hassle-free experience:
With complete documentation, Truhome Finance aims for quick loan approvals within 5-10 days, ensuring you can move forward with your homeownership plans without undue delay.
Truhome Finance is a proud participant in the Pradhan Mantri Awas Yojana (PMAY) – Credit Linked Subsidy Scheme (CLSS), helping eligible beneficiaries achieve their dream of owning a home. Under this scheme, you can avail a significant interest subsidy, making home loans more affordable:
Truhome Finance offers competitive interest rates starting from 8.50% p.a. for eligible salaried applicants. Your final interest rate will depend on factors such as your CIBIL score, loan amount, and overall financial profile. Rates are tailored to individual borrower requirements.
Eligibility for a Truhome Finance Home Loan typically depends on your income stability, repayment capacity, and credit history. While specific criteria vary by loan product, a strong CIBIL score and stable employment or business income are generally key factors. Truhome Finance aims to make homeownership accessible to diverse financial profiles.
Truhome Finance offers financing for up to 90% of the property value, with a maximum loan amount of Rs.10 crore. You can enjoy flexible repayment options for a maximum tenure of up to 25 years, designed to reduce your monthly EMI burden.
Generally, you will need to provide identity proof, address proof, income documents (salary slips, bank statements, IT returns), and property-related documents. A complete list of required documents will be provided based on your applicant type (salaried/self-employed) and the specific loan product you choose.
Your EMI is calculated based on the loan amount, interest rate, and chosen repayment tenure. A longer tenure typically results in a lower EMI, making repayments more manageable. Truhome Finance provides flexible repayment options to suit your financial comfort.
Yes, Truhome Finance offers comprehensive financing for various purposes, including home loan balance transfer. This allows you to transfer your existing home loan from another lender to Truhome Finance, potentially benefiting from competitive interest rates and flexible terms.
Truhome Finance aims for a quick and streamlined application process. You can expect loan approvals within 5-10 days for complete documentation. Doorstep service is also available for low-income applicants to ensure convenience.
Discover the comprehensive features and benefits of Truhome Finance Limited's home loan offerings for 2026. We provide flexible and competitive home loan solutions tailored to your needs, whether you're buying a new home, constructing, renovating, or looking for a balance transfer. Our transparent process and customer-centric approach ensure a smooth journey to owning your dream home.
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Feature |
Details & Benefits for Truhome Finance Home Loans |
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Truhome Home Loan Interest Rate |
Our Truhome Finance home loan interest rates are highly competitive, starting at 8.50% p.a. The final interest rate, which can range up to 21% p.a., is dynamically determined by your individual credit profile, including your CIBIL score, income stability, loan-to-value (LTV) ratio, and the specific home loan product chosen (e.g., floating vs. fixed rate). We aim to offer the most attractive rates for eligible borrowers in 2026. |
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Processing Fee |
A one-time processing fee of up to 3% of the loan amount + applicable GST (Goods and Services Tax) is charged. There is a minimum non-refundable fee of Rs.5,000. This fee covers essential services such as application processing, documentation, legal verification, and technical valuation of the property. |
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Maximum Loan Amount |
You can avail a Truhome Finance home loan for an amount of up to Rs.10 crore, helping you finance your dream property. We offer a high Loan-to-Value (LTV) ratio, providing up to 90% LTV for properties valued at or below Rs.45 lakh, which is particularly beneficial for applicants eligible under the Pradhan Mantri Awas Yojana (PMAY) scheme. This covers new home purchases, construction, renovation, and home loan balance transfer options. |
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Repayment Tenure |
Enjoy flexible repayment options with a maximum tenure of up to 25 years. A longer repayment tenure helps significantly reduce your monthly EMI (Equated Monthly Installment), making your Truhome Finance home loan more affordable and manageable. You can choose a tenure that best aligns with your financial planning and repayment capacity. |
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Applicant Age Criteria |
Applicants must be between 21 and 70 years of age. The maximum age of 70 years is considered at the time of loan maturity, ensuring that the entire home loan amount is repaid within this age bracket. |
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Approval & Disbursal Time |
Experience swift processing with approval and disbursal typically completed within 5–10 working days. Salaried individuals often benefit from even faster processing due to standardized income documentation. Timely submission of all required documents and a clear property title can further expedite the Truhome Finance home loan process. |
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Prepayment Charges |
Truhome Finance Limited adheres to Reserve Bank of India (RBI) guidelines, offering Nil prepayment charges for individual borrowers on floating rate home loans. This provides you with the flexibility to repay your home loan early, either partially or in full, without incurring additional penalties, thereby saving on overall interest costs. |
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Eligibility Criteria (Salaried) |
For salaried individuals seeking a Truhome Finance home loan, key eligibility requirements include a minimum monthly income of Rs.15,000+, at least 1 year of stable employment, and a healthy CIBIL Score of 650+. We may consider applicants with slightly lower CIBIL scores with proper justification, such as a strong co-applicant or a consistent income history. |
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Eligibility Criteria (Self-Employed) |
Self-employed applicants for a Truhome Finance home loan need to demonstrate a minimum of 2 years of business vintage. We accept various surrogate proofs of income, including informal ones, to accurately assess your repayment capacity. A CIBIL Score of 650+ is generally preferred, but we evaluate profiles holistically, considering business stability and cash flow. |
Truhome Finance home loan interest rate is floating, linked to the company's internal benchmark (RBI repo at 6.50% as of November 2026), with spreads adjusted for CIBIL, income, and PMAY status—starting at 8.50% p.a. for salaried with CIBIL 650+ on loans up to Rs.30 lakh, up to 21% p.a. for informal self-employed without formal docs. PMAY-CLSS subsidy (6.50% on Rs.6 lakh for EWS/LIG) reduces effective rate to ~2.00%; daily reducing balance applies, with no fixed rate option.
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Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
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Salaried (CIBIL ≥650) |
8.50% |
10.50% |
Stable job, ≤Rs.30 lakh loan, PMAY eligibility |
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Self-Employed/Informal |
10.50% |
21.00% |
Surrogate proofs, business cash flow, no ITR needed |
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Balance Transfer/Top-Up |
9.00% |
12.00% |
Existing repayment history, add-on ≤20% |
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PMAY EWS/LIG/MIG |
8.50% (effective ~2.00%) |
10.00% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
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Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
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Truhome Finance |
8.50% |
Up to 3% |
25 years |
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State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
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8.15% |
0.5%–1% |
30 years |
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|
8.75% |
0.5%–1% |
30 years |
For a Rs.30 lakh loan over 20 years at 8.50% p.a., EMI is Rs.23,600—Rs.2,600 higher than SBI's 7.50%, but PMAY subsidy saves Rs.2.67 lakh for LIG, and low-CIBIL acceptance (650+ with justification) aids informal earners.
Truhome Finance home loan calculator at truhomefinance.in/emi-calculator: Input amount, rate (8.50%-21%), tenure for EMI, amortization, and PMAY subsidies.
Example Calculation
Loan Amount: Rs.30 lakh
Interest Rate: 8.50% p.a.
Tenure: 20 years
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Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.23,600 |
Rs.26.56 lakh |
Rs.56.56 lakh |
Reduce to 15 years: EMI Rs.25,900, saves Rs.7.5 lakh interest; PMAY adds Rs.2.67 lakh subsidy for MIG.
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Charge Type |
Amount |
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Processing Fee |
Up to 3% + GST (min Rs.5,000 non-refundable) |
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Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
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CERSAI Registration |
Rs.500 |
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Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
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Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <4%; no commitment fees, PMAY reduces processing by 50%.
● Age: 21–70 years
● Rs.15,000+ monthly net income
● 1 year in current job
● CIBIL: 650+ (700+ for lowest rates)
● Age: 23–70 years
● 2 years business
● Surrogate proofs (bank statements/utility bills); informal income accepted
● CIBIL: 650+ (low scores funded via alternative assessment)
90% LTV for PMAY; co-applicants (up to 4) enhance; no guarantor.
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Service |
Contact Details |
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Helpline (9AM-6PM) |
+91-22-62265400 |
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Email for Queries |
customercare@truhomefinance.in |
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Grievance Redressal |
grievance@truhomefinance.in |
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Branch Hours |
10 AM–6 PM (Mon-Sat) |
Login to truhomefinance.in/customer-portal with ref no./mobile OTP—track stages: Submitted, Verified, Sanctioned, Disbursed. Email customercare@truhomefinance.in for updates (48-hour response); visit branch with ID.
Salaried applicants require a minimum Rs.15,000 monthly net income, while self-employed or informal earners are assessed via surrogate proofs (e.g., bank statements/utility bills) without a strict ITR threshold for loans <Rs.30 lakh. The company evaluates based on 50% debt-to-income ratio for EMI affordability up to Rs.10 crore; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants (up to 4) increasing limits by 20-30%.
NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 9.00% 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 company handles doorstep claims, reducing effective rate to ~2.00% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 9.00%-12.00% (1% lower than originators) requires 12-month statements and NOC, with up to 3% processing fee (min Rs.5,000). It includes top-up up to 20% original for renovations; processing takes 5-10 days, saving Rs.2,500+ monthly on Rs.30 lakh loans.
With affordable housing demand up 12% in 2026 (NHB data), Truhome Finance home loan interest rate calculator processing fee requirements application process customer care status empowers 2.4 lakh+ families with 8.50% rates, PMAY doorstep subsidies, and low-CIBIL funding—ideal for Rs.30 lakh-Rs.10 crore journeys. Apply at truhomefinance.in or email customercare@truhomefinance.in.
