Shriram Housing Finance Home Loan
Shriram Housing Finance Home Loan
Shriram Housing Finance Limited (SHFL), part of the Shriram Group, offers affordable home loans to purchase, construct, improve or extend a home. Its home loans start at an interest rate of 9.50% per annum, with a processing fee of up to 2.50% of the loan amount plus applicable taxes. An eligible applicant can borrow up to Rs. 10 crore for a maximum tenure of up to 25 years. SHFL also offers a range of mortgage products to aspiring homeowners.
Shriram Housing Finance Home Loan
Loans of up to Rs. 10 Crore
SHFL lends across a wide ticket range, and we help you size the loan to what you can comfortably repay.
Open to Residents and NRIs
SHFL lends to both, and we handle the extra documentation NRIs need.
Nil Pre-Closure Charges for Individuals
Pay off early without a penalty, and we factor that into the plan we recommend.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
Shriram Housing Finance Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Shriram Housing Finance Home Loan Key Highlights
Get the lowest interest rates with Shriram Housing Finance
Loan Amount: Rs. 1 lakh up to Rs. 10 crore
Rate of Interest: Starts at 9.50% per annum
RPLR: 15%
Processing Fee: Up to 2.50% of the loan amount + taxes
Maximum Tenure for Repayment: 25 years
Rate Packages: Fixed / Floating
Charges for Prepayment/Foreclosure: Nil for individual borrowers; 2% of the outstanding loan amount for non-individual borrowers
Shriram Housing Finance Home Loan Interest Rates in 2026
SHFL offers housing loans at affordable interest rates. Rates start at 9.50% per annum and may rise depending on the scheme, the repayment capacity and the monthly income of the borrower. The table below sets out the current rates:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Fixed Plans | Starts at 9.50% per annum |
| Floating Plans | Starts at 9.50% per annum |
Shriram Housing Finance Home Loan Eligibility Criteria
Before you fill out a Shriram home loan application, check the eligibility criteria. The NBFC approves home loans for salaried and self-employed applicants, individually or jointly with co-applicants. The table below sets out the criteria:
For Salaried Individuals
Age Range (in years)
21-60 years, or up to retirement age
Nationality
Indian residents and NRIs
Minimum Income Earned
Rs. 30,000 per month
For Self-Employed Individuals
Age Range (in years)
21-60 years
Nationality
Indian residents and NRIs
Minimum Income Earned
Rs. 25,000 per month
Shriram Housing Finance Home Loan Processing Fee and Charges
The Shriram home loan processing fee is up to 2.50% of the loan amount plus applicable taxes. Besides the processing fee, the NBFC levies other charges on home loans. The table below sets them out:
| Processing Fee | Up to 2.50% of the loan amount + taxes |
| Interest Rate on Overdue Amounts | 2.5% per month of the overdue amount |
| Change in Loan Tenure / EMI / Addition or Deletion of Co-Borrower After Disbursement | Rs. 10,000 per instance |
| Duplicate Interest Certificate Issuance Charges | Rs. 250 per instance |
| Duplicate Statement Issuance Charges | Rs. 250 per instance |
| Legal and Recovery Charges | As per actuals |
| Cheque or Instrument Swapping Charges | Rs. 500 per instance |
| Conversion Fee | Fixed to variable: up to 4% of the outstanding loan. Variable to fixed: up to 2% of the outstanding loan |
| Charges for Instrument Return | Rs. 750 per instance |
| Charges for Supplying a Copy of Documents | Rs. 500 per set |
| CERSAI Charges | Rs. 50 for loans up to Rs. 5 lakh; Rs. 100 for loans above Rs. 5 lakh |
Shriram Housing Finance Home Loan Schemes and Top Plans
SHFL offers a range of home loan schemes for those who wish to own, renovate, improve or construct a home, along with flexible balance transfer and top-up options:
- For financial aid to purchase a new home
- Tax benefits under Section 24 of the Income Tax Act
- Loan amounts from Rs. 1 lakh up to Rs. 10 crore
- Maximum repayment tenure of up to 25 years
- Ideal for adding a floor or room to an existing home
- Tax benefits under Section 24 of the Income Tax Act
- Maximum loan amount of up to 90% of the property cost
- Maximum repayment tenure of up to 25 years
- For giving a home a new look through painting, renovation, tiling and similar work
- Tax benefits under Section 24 of the Income Tax Act
- Maximum loan amount of up to 90% of the property cost
- Maximum repayment tenure of up to 25 years
- For purchasing a plot on which to build a home
- Maximum loan amount of up to 90% of the property cost
- Maximum repayment tenure of up to 25 years
- Flexible scheme to port an existing home loan from another lender to SHFL
- Additional top-up loan available
- Maximum repayment tenure of up to 25 years
- For existing home loan borrowers to meet personal financial needs
- Maximum loan amount of up to Rs. 10 crore
- Maximum repayment tenure of up to 25 years
- Affordable housing loans for EWS, LIG, MIG-1 and MIG-2 segments
- Subsidies of up to Rs. 2.67 lakh under the PMAY scheme
- Maximum repayment tenure of up to 25 years
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Shriram Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Shriram Housing Finance Home Loan
Below is the complete list of documents required for a Shriram home loan. We suggest you arrange these before applying:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply for a Shriram Housing Finance Home Loan Through BASIC Home Loan
The Shriram home loan application can be completed online as follows:
Apply Now on the BASIC Website
Head to the APPLY NOW section on the BASIC Home Loan website.
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