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India Shelter Home Loan

Apply India Shelter Home Loan


Max Tenure

15 yrs

Best Rate


Processing Fee


View Details


  • Loan on Cash income
  • Past Bureau issues also considered.
  • Funding on gram panchayat , B khata , Properties under municipal limits also funded.
  • Loan starts at 5 lacs.


  • Interest Rate: 12 % to 18%
  • Processing Fee: 3 - 5%

Documents Required

  • Identity proof such as Pan Card, Voters ID Card, Passport.
  • Address proof such as electricity bill, ration card.
  • Income proof documents, if available.
  • Bank pass book or Bank Statements.
  • Property documents, if property identified.
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India Shelter Home Loans

Buying a house is a major life milestone, and financing it is even more challenging. That’s why it’s important to apply for a home loan with a trusted name in real estate. If you’re a young Indian looking to acquire a new home, India Shelter Home Loans can help you get approved quickly and easily.

India Shelter Home Loans is a well-known NBFC based in Gurugram. They have supported over 60,000 families in realizing their dream of owning a home by providing them with affordable home loans. In 1998, the company was founded as Satyaprakash Housing Finance India Limited (SHFIL). It was eventually taken over by a group of professionals with diverse industry knowledge and rebranded in 2010 as India Shelter Finance Corporation Ltd. (ISFC).

What Are The Features Of India Shelter Home Loans?

Loans of Rs.5 lakhs – Rs.50 lakhsFixed interest rate from 12%Repayment tenure of 20 years
5-day approval process24/7 customer supportProcessing fee at 2-3%

What Can I Use India Shelter Home Loan For?

India Shelter wants to give its customers the flexibility and freedom to use their loan amount. That is why it allows borrowers to use their home loan for various home construction and home repair purposes.

- Purchase new or used residential properties

- Invest in a residential plot

- Construction of residential house

- Renovation or upgrade of your existing home

- Repairs and maintenance of your residence

- Adding an additional floor or additional room to your existing house

India Shelter allows you to use the home loan amount for any of the above purposes. That is true freedom with home loans.

Also Read: 6 Factors That Affect Your Home Loan Eligibility

What Is The Application Process For A Home Loan With India Shelter Home Loans?

India Shelter Home Loans believes in technology-driven banking processes. Applicants can simply fill in their details on their web form and a representative from India Shelter will contact them for next steps.

1. Login to the India Shelter Home Loans webpage.

2. Enter your basic details like name, email address and phone number.

3. Once registered, you will be required to enter your income details to check your eligibility.

4. If you agree, the bank will contact you to complete your home loan application.

5. They even offer doorstep document collection so that you don’t have to visit the bank.

6. Upon successful validation of your documents, the loan amount is disbursed immediately.

7. The entire loan application process can be completed in as little as 5 working days.

Why Should I Choose India Shelter Home Loans?

Home loans are a long time commitment and getting them from a trusted lender is a key decision. With India Shelters, you get the expertise and experience of a seasoned team that will ensure that your home loan process is smooth and hassle-free.

Transparency is also key to any loan process. With complete digital support, India Shelters ensures that you are well informed of all the steps and processes involved in the loan application and approval process. With regular updates on SMS and emails, applicants are in constant touch with bank representatives and are well informed of the process.

Other major benefits of getting your home loan from India Shelters are:

- Hassle-free loans with minimal documentation

- Quick processing times of 5-working days

- Rs.5 lakhs to 50 lakhs loan

- Get one-window loan clearance for a stress free process

- Regular updates through voice call and SMS

- Anytime customer support

- Loan even without proof of income

Interesting Read: 10 Dos Don’ts While Applying For A Home Loan Online

What Are The Eligibility Conditions To Apply For A Home Loan With India Shelter?

India Shelter home loan comes with very minimal eligibility criteria –

Eligible ApplicantsOwners, co-owners and family members of the property
Required Documents All applicants must sign an application form that includes a photograph.For ID proof - Voter ID, PAN card , Driving License, and other forms of identification are acceptable.For address proof - Voter ID, PAN, Driver's License, Passport, Birth Certificate, Pass Certificate of 10th or 12th Grade Property DocumentsPassport-size color photograph
Other supporting documents to be submittedIncome Documents - Last 3 months salary slips, Income Tax Returns of the last 2 years, or Business Documents LIC Policy FD or RD Certificate from a reputed bank Liabilities & Assets statement Other savings and investment details
Security or GuaranteeCustody of Title Deeds until the loan is fully repaid

What Are The Charges & Fees To Get A Home Loan From India Shelter?

Non-Refundable Initial Processing Fees at the time of application submissionLoan amount upto Rs.15 lakh - Rs. 3,000/- More than Rs.15 lakh - Rs. 5,000/ Search Fee - Rs. 1500 / Product Type-Saral Loan - Rs. 2,000/-
Processing fee payable at the time of loan disbursementHousing Loan - Upto 3% of the loan amount sanctioned Non- Housing Loan - Upto 4% of the loan amount sanctioned Loans eligible under any Government scheme - As per the respective govt. scheme subject to the above ceiling
Conversion Charges for switching from floating to fixed interest and vice-versa or Re- Pricing of the loanRs. 5,000/- or 0.5% of loan outstanding whichever is higher
Penal Charges/ Late Payment chargesPenal Interest Rate at 36% per annum shall be charged on the overdue EMI/ installment amount
Prepayment ChargesFloating Rate – NIL Charges, Fixed Rate – prepaid with own sources – NIL charges, td Fixed Rate – prepaid with other sources within 24 months of disbursal – 6.5% of the prepayment amount, Fixed Rate – prepaid with other sources after 24 months of disbursal – 4.5% of the prepayment amount

India Shelter Home Loans FAQs:

1. Is India Shelter a reputable bank? Where is it located?

India Shelter is a reputed NBFC based out of Gurugram. They are backed by leading lending partners. They have branches in most leading cities across India.

2. How much home loan can I get from India Shelter?

India Shelter offers home loans starting from Rs.5 lakhs to Rs.50 lakhs to eligible borrowers.

3. What kind of interest rate is available with India Shelter?

India Shelter has both fixed rate and floating rates of interest. However, they primarily promote fixed rate of interest models.

4. What is the current interest rate on India Shelter home loans?

India Shelter is currently charging an interest rate starting at 12%.

5. What are the repayment tenures available with India Shelter home loans?

India Shelter home loans can be repaid in tenures up to 20 years.

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