Here are a few factors

Rating 0 /
Total - 0 ratings
5
0
4
0
3
0
2
0
1
0
Location 40 km from Branch
CIBIL Score 500+
Applicant Salaried & Self Employed Both
Applicant Age Salaried-21 Year to 60 Year, Self Employed-21 Year to 65 Year
Loan Amount & Tenure 5 Lac to 50 Lac
(5 Year to 15 Year)
Login Fees 2500
Rate of Interest & Type 14% to 20% (Reducing)
TAT 15 Days
Processing Fees 1.50% to 3%
Foreclosure Charges Upto 4%
Insurance Insurance Charges:2%-4% 
Minimum Business Vintage 2 Year
Lock In Period 12 Month
Part Payment Allowed Yes
LTV (i) Residential-65% (ii) Commercial-60% 
Product 1. Fresh Loan 2. BT+Topup
Program (i) LIP Program-50 Lac
(ii) Low LTV Program-50 Lac
(iii) Banking Program-50 Lac
(iv) Income Program-50 Lac
(v) Without ITR-20 Lac
FOIR (i) If Salary<30K-50% of Net Salary, If Salary>30K-60-70% (ii) Self Employed-60% on Income
Cautious Profile (i) Person living in dominated area
Negative Profile (i) Politician (ii) NRI
Funded Property (i) Residential Property (ii) Commercial Property (iii) Current Sale Deed (iv) Khasra Khatauni
(v) Multi Tanented Unit-Upto 7 Tanent(vi) Lal Dora (vii) Stone Slab Property (viii) Sub-divided Property
(ix) Gram Panchayat Property (x) Legal & Technical not Clear (xi) Stand alone Basement (xii) Bachha Flat 
Negative Property (i) Hotal & Restaurant (ii) School (iii) Hospital & Nursing Home (iv) Plot (v) Industrial Property
(v) GPA Property (vi) Leasehold Property without PTM
Accepted Collateral Other than Negative
Specific Property wise Funding Limit On All specific Property upto 50 Lac
Any Specific Product for Professionals No
USP Funding on Low CIBIL Score
Right Documents - Easy Process

Required Documents to Apply for India Shelter Housing Finance Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required

About India Shelter Housing Finance Loan Against Property

Facing unplanned costs is more difficult than normal when we run out of money while having a reliable source of income. India Shelter Finance's loan against property is one of the greatest lending schemes available. Loan approval takes place within seven days, at a time when receiving immediate money is difficult.

The housing financing firm offers loans secured by real estate for up to Rs. 10 lakh with a 12-year term and an interest rate of 20%. In addition, there is a 4% processing fee associated with this. Applying for a loan secured by the property at India Shelter Finance Corporation Ltd. is a quick and straightforward process.

Factors affecting India Shelter Housing Finance Loan Against Property Interest Rates

Below are some of the factors that affect the floating interest rate for India Shelter Housing Finance Loan Against Property:
  • The first and most important factor is the loan amount that you apply for. The minimum loan you get from India Shelter is Rs. 5 Lakhs.
  • Your monthly income, the higher your monthly income will be higher will be your repaying capacity, and this helps in increasing the eligibility for getting higher loan amounts.
  • The type of loan you apply for because India Shelter has floating interest rates for its different types of loans.
  • The type of property against which you are applying loan for. Interest rates are lower for industrial or commercial properties.
  • Your profession is also essential because India Shelter has lower interest rates for self-employed individuals than salaried employees.
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

Yes, loan conversions on floating interest rates are allowed, and the charges for that are either Rs. 5000 or 0.5% of the outstanding loan amount.

if your spouse or any other family member earns well, you can make them the co-applicant in your loan.

Yes, loan transfers are allowed.

No, there are no charges for prepayment of the loans.

Yes, a late payment charge of 36% p.a. Is applicable on the delayed EMI amount of the India Shelter Housing Finance Loan Against Property.