About Home Loan
Owning a home is a cherished dream for many, but the path to homeownership can sometimes seem daunting, especially when it comes to arranging the necessary finances. At India Shelter, we understand that every individual's homeownership journey is unique, and we are committed to providing affordable home loan solutions that suit your needs. Here's why you should consider India Shelter Home Loans as your trusted partner in this exciting journey:
ITR not mandatory
Loan amount between INR 5 Lakhs to INR 50 Lakhs
Assistance on phone available at local call rates in Hindi and English
Quick and hassle-free loan processing
Expert guidance
Transparent and customer-centric approach
Features of Home Loan
Advantages of various features of India Shelter Home Loan
Quick Loan Approval
Expedited loan approval processes to ensure a swift turnaround time and quick access to funds.
Customer Support
Dedicated customer support to address queries and provide assistance throughout the loan tenure.
Balance Transfer Facility
Provision for balance transfer, allowing borrowers to shift their existing home loan from another financial institution to India Shelter Finance Corporation for better terms.
Affordable Interest Rates
Competitive and affordable interest rates to make home ownership more accessible.
Eligibility Criteria
Who can Apply
Property Ownership
The applicant should be the owner of the property.
Property Value
The property's value should meet the lender's specified minimum value requirement for a home loan
Age
The minimum age of the applicant should be 18 years, and the maximum age should not exceed 70 years at the start of loan.
Income
The applicant should have a stable source of income to repay the loan.
Credit Score
The loan amount available depends on the borrower's eligibility and credit score. Higher eligibility and credit scores result in a higher loan amount. Additionally, customers with a credit score of (-1) are also eligible for funding.
Documents Required
Identity proof for Salaried People
PAN Card is mandatory, and any one of these: - Passport
- Voter ID
- Aadhar Card
- Driving License
Address Proof for Salaried People
- Passport
- Voter ID
- Aadhar Card
- Electricity bill/ water bill/ telephone bill
- Driving License
Proof Of Income for Salaried People
- Salary Slips/Bank Statement/Form 16
- Salary Certificate
Property Documents for Salaried People
- Title Deeds of the Property
- Proof of No Encumbrances on the property
Identity proof For self-employed people
Identity proof For self-employed people: - Passport
- Voter ID
- Aadhar Card
- Driving License
Address Proof For self-employed people
- Passport
- Voter ID
- Aadhar Card
- Electricity bill/ water bill/ telephone bill
- Driving License
Proof Of Income For self-employed people
- IT Returns and/or Financial Statements of last 3 years And/or
- Informal Income Documents
Other Documents For self-employed people
- Signed Application Form with Picture
- Cheque For Processing Fee
- Proof of business existence
Property Documents For self-employed people
- Title Deeds of the Property
- Proof of No Encumbrances on the property
Reviews and Ratings
Authentic experiences through the voices of our valued customers
Santra Devi
Sonipat
After numerous rejections from other financial institutions, India Shelter made our dream of owning a home a reality. Their streamlined process and minimal paperwork were a breath of fresh air. Thanks to India Shelter, my family and I finally have a place to call our own.
Anand Sahu
Nagpur
From a humble grocery store owner to a proud homeowner, India Shelter made it possible for me to achieve my dream. Despite facing setbacks from banks, India Shelter's seamless loan process transformed my aspirations into reality. Join the India Shelter family and turn your dream of homeownership into a tangible accomplishment.
Ashok Nikam
Nagpur
India Shelter truly understands the importance of a hassle-free home loan journey. Their commitment to simplifying the process with minimal paperwork and simplified procedures is commendable. Thanks to India Shelter, individuals like me can effortlessly fulfill their dreams of owning a home. It's been a privilege to be part of their journey.
FAQs
Can I switch from a fixed rate to a floating rate during my home loan tenure?
Yes, subject to terms and conditions, you may have the option to switch between fixed and floating interest rates.
How do I improve my chances of getting a home loan?
Maintaining a good credit score, stable income, and providing accurate documentation can enhance your chances of loan approval.
What is the PMAY Scheme, and how can it benefit home loan buyers?
PMAY (Pradhan Mantri Awas Yojana) is a government scheme offering financial assistance for homebuyers. Eligible applicants can benefit from subsidies.
Can I get approval for a home loan while I decide which property to purchase?
Yes, you can get pre-approved for a home loan, which helps in the home-buying process.
Can I get a home loan with fewer Proof of Income documents?
The required Proof of Income documents may vary, but providing comprehensive documentation strengthens your loan application.
Disclaimer: *By contacting IndiaShelter on Toll Free/WhatsApp/Website or any other mode, you authorize our representatives to reach out to you through personal communication via SMS, WhatsApp and phone calls regarding our services. This consent will supersede any registration for any Do Not Call (DNC) / National Do Not Call (NDNC).
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