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Truhome Finance Limited (formerly Shriram Housing Finance Limited), a prominent housing finance company with over 170 branches across 16 states, specializes in affordable home loans for purchase, construction, extension, renovation, plot + construction, and balance transfer, offering up to 90% financing on property value (max Rs.10 crore). As of November 2025, Truhome Finance home loan interest rate starts at 8.50% p.a. for salaried applicants with CIBIL 750+ on loans up to Rs.35 lakh, up to 21% p.a. for self-employed or informal profiles, with tenures up to 25 years. It supports PMAY-CLSS subsidies up to 6.50% for EWS/LIG/MIG (income <Rs.18 lakh/year), a processing fee of up to 3% + GST (min Rs.5,000 non-refundable), and approvals in 5-10 days for complete documentation, with doorstep service for low-income applicants.
|
Feature |
Details |
|
Interest Rate |
Starts at 8.50% p.a. (up to 21% p.a. based on profile) |
|
Processing Fee |
Up to 3% + GST (min Rs.5,000 non-refundable) |
|
Loan Amount |
Up to Rs.10 crore (90% LTV for PMAY-eligible ≤Rs.45 lakh) |
|
Repayment Tenure |
Up to 25 years |
|
Applicant Age |
21-70 years (at maturity) |
|
Approval & Disbursal Time |
5–10 working days (faster for salaried) |
|
Prepayment Charges |
Nil for floating rate loans (individuals) |
|
Eligibility (Salaried) |
Rs.15,000+ monthly; 1 year job; CIBIL 650+ (low scores with justification) |
|
Eligibility (Self-Employed) |
2 years business; surrogate proofs (informal OK); CIBIL 650+ |
Truhome Finance home loan interest rate is floating, linked to the company's internal benchmark (RBI repo at 6.50% as of November 2025), 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.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥650) |
8.50% |
10.50% |
Stable job, ≤Rs.30 lakh loan, PMAY eligibility |
|
Self-Employed/Informal |
10.50% |
21.00% |
Surrogate proofs, business cash flow, no ITR needed |
|
Balance Transfer/Top-Up |
9.00% |
12.00% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
8.50% (effective ~2.00%) |
10.00% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Truhome Finance |
8.50% |
Up to 3% |
25 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 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
|
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.
|
Charge Type |
Amount |
|
Processing Fee |
Up to 3% + GST (min Rs.5,000 non-refundable) |
|
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 <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.
|
Service |
Contact Details |
|
Helpline (9AM-6PM) |
+91-22-62265400 |
|
Email for Queries |
customercare@truhomefinance.in |
|
Grievance Redressal |
grievance@truhomefinance.in |
|
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 2025 (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.
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