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Shriram Housing Finance Home Loan, Interest Rate, EMI and Eligibility Calculator 2019

(Updated On 12.01.2019)  Shriram Housing Finance Home Loan and EMI Calculator Jan 2019 – Get Instant Quick & Easy Approval on Shriram Housing Finance Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

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Shriram Housing Finance Home Loan

Shriram Housing Finance Ltd. (SHFl), a housing finance company, is promoted by Shriram City Union Finance Ltd and is headquartered at Chennai. Shriram Housing Finance Home loan can be availed to purchase plots for construction of houses, construction/renovation/ repair/alteration/addition to house/flat and also to buy a fully constructed home. Shriram Housing Finance Home Loan is offered to every class of people at its reasonable and affordable rates of interest, calculation of interest on the daily balance basis, and various Home Loan EMI options and much more.

Shriram Housing Finance Home Loan Features

  • Flexible schemes for Self-employed individuals to calculate loan eligibility.

  • No income-proof is required for self-employed individuals

  • Special Home Loan scheme for informal salaried segment.

  • No part payment or pre-closure charges for Shriram Housing Finance home loan borrowers.

  • Take-Over facility for existing home loan borrowers with additional financial assistance for personal use such as marriage, higher education, medical emergency, etc.

  • No hidden Charges.

  • Simplified Documentation.

  • Insurance facility available.

Shriram Housing Finance Home Loan Interest Rate

Interest Rates

Starting @ 10.99%

Processing Fee

As per Loan Amount

Loan Amount

1lacs to 75 lacs (as per home loan products)

Loan Tenure

20 years (subject to loan maturity)

Shriram Housing Finance Home Loan Schemes

1) Shriram Housing Finance Home Loan For Purchasing

  • Home Loan to purchase a new or resale property for an under-construction or a ready-to-move in property.

  • The Applicant should be an Indian Resident with minimum 21 years of age at the time of application.

  • An applicant can be a salaried or self-employed individual.

  • Loan eligibility will be based on repayment capacity of the applicant as well as the property to be financed.

  • Maximum loan tenure is up to 20 years subject to retirement age for salaried individual and at the loan maturity for self-employed individual.

  • The minimum loan amount is Rs. 1 lakh and the maximum loan amount is Rs. 75 lakhs.

  • Loan to value is 80% of the property to be financed.

  • The banks offers floating rate of Interest.

  • Shriram Housing Prime Lending Rate is 15%

2) Shriram Housing Finance Home Loan For Purchasing Plot & Construction thereon

  • Home Loan to purchase a plot and also funding for construction of home thereon.

  • The Applicant should be an Indian Resident with minimum 21 years of age at the time of application.

  • An applicant can be a salaried or self-employed individual.

  • Loan eligibility will be based on repayment capacity of the applicant as well as the property to be financed.

  • Maximum loan tenure is up to 20 years subject to retirement age for salaried individual and at the loan maturity for self-employed individual.

  • The minimum loan amount is Rs. 1 lakh and the maximum loan amount is Rs. 50 lakhs.

  • Loan to value is 80% of the property to be financed.

  • The banks offers floating rate of Interest.

  • Shriram Housing Prime Lending Rate is 15%.

3) Shriram Housing Finance Home Loan For Construction

  • Home loan for the construction of a home on a plot of land already owned by you.

  • The Applicant should be an Indian Resident with minimum 21 years of age at the time of application.

  • An applicant can be a salaried or self-employed individual.

  • Loan eligibility will be based on repayment capacity of the applicant as well as the property to be financed.

  • Maximum loan tenure is up to 20 years subject to retirement age for salaried individual and at the loan maturity for self-employed individual.

  • The minimum loan amount is Rs. 1 lakh and the maximum loan amount is Rs. 75 lakhs.

  • Loan to value is 80% of the property to be financed.

  • The banks offers floating rate of Interest.

  • Shriram Housing Prime Lending Rate is 15%.

4) Shriram Housing Finance Home Loan For Extension

  • Home Loan can be availed to construct an extra floor / room / bathroom / toilet to your home.

  • All eligibilities are same as Shriram Housing Finance Home Loan for purchasing house, purchasing plot, and for construction.

  • The minimum loan amount is Rs. 1 lakh and the maximum loan amount is Rs. 25 lakhs.

  • Loan to value is 70% of the property to be financed.

5) Shriram Housing Finance Home Loan For Renovation/Repair

  • Home Loan can be availed to construct an extra floor / room / bathroom / toilet to your home.

  • All eligibility are same as Shriram Housing Finance Home Loan for purchasing house, purchasing plot, and for construction.

  • The minimum loan amount is Rs. 1 lakh and the maximum loan amount is Rs. 25 lakhs.

  • Loan to value is 70% of the property to be financed.

Shriram Housing Finance Home Loan Eligibility

  • The applicant should be an Indian Resident with minimum 21 years of age at the time of application.

  • An applicant can be a salaried or self-employed individual.

  • Loan eligibility will be based on repayment capacity of the applicant as well as the property to be financed.

  • Regular income from all sources.

  • Equitable mortgage of the property.

  • Co-applicants can also be included.

Shriram Housing Finance Home Loan Documents Required

  • Duly filled in application form with photograph

  • Identity proof and residence proof

  • Processing fee cheque, latest 3 months bank statement

  • Latest salary slip & current dated salary certificate with the latest Form 16 for salaried persons.

  • Latest Bank statement and Latest ITR or Form 16 for self-employed professionals

  • Other documents may also required as per parameters set by the banks.

Shriram Housing Finance Home Loan Prepayments

  • No prepayment fee for individual borrower.

  • 2% foreclosure fee on the outstanding balance for non-individual borrowers/co-borrowers.

  • 2% of the part prepayment amount for non individual borrowers and co-borrowers.

Shriram Housing Finance Home Loan EMI Calculator

Shriram Housing Finance Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Shriram Housing Finance Home Loan EMI Calculation

For a loan amount of Rs 20,00,000 for 15years at the interest rate of 15% p.a., the EMI comes out as 27,992. To know the EMIs for 15 years, see the table given below.

Home Loan Amount (Rs)

Interest Rate(%p.a)

Loan Tenure(yrs)

Monthly Instalment (EMI)

Total Interest Amount

Total Amount (Principal + Interest)

20,00,000

15

1

1,80,517

1,66,199

21,66,199

20,00,000

15

2

96,973

3,27,359

23,27,359

20,00,000

15

3

69,331

4,95,904

24,95,904

20,00,000

15

4

55,661

6,71,752

26,71,752

20,00,000

15

5

47,589

8,54,792

28,54,792

20,00,000

15

6

42,290

10,44,882

30,44,882

20,00,000

15

7

38,594

12,41,855

32,41,855

20,00,000

15

8

35,891

14,45,518

34,45,518

20,00,000

15

9

33,849

16,55,657

36,55,657

20,00,000

15

10

32,267

18,72,039

38,72,039

20,00,000

15

11

31,018

20,94,415

40,94,415

20,00,000

15

12

30,018

23,22,525

43,22,525

20,00,000

15

13

29,206

25,56,097

45,56,097

20,00,000

15

14

28,541

27,94,853

47,94,853

20,00,000

15

15

27,992

30,38,514

50,38,514

Shriram Housing Finance Home Loan Amortization Table

Year

Principal

Interest

Balance Amount

1

Rs. 38,479

Rs. 297,425

Rs. 1,961,521

2

Rs. 44,665

Rs. 291,239

Rs. 1,916,856

3

Rs. 51,846

Rs. 284,058

Rs. 1,865,010

4

Rs. 60,177

Rs. 275,727

Rs. 1,804,833

5

Rs. 69,852

Rs. 266,052

Rs. 1,734,981

6

Rs. 81,084

Rs. 254,820

Rs. 1,653,897

7

Rs. 94,115

Rs. 241,789

Rs. 1,559,782

8

Rs. 109,244

Rs. 226,660

Rs. 1,450,538

9

Rs. 126,808

Rs. 209,096

Rs. 1,323,730

10

Rs. 147,189

Rs. 188,715

Rs. 1,176,541

11

Rs. 170,851

Rs. 165,053

Rs. 1,005,690

12

Rs. 198,318

Rs. 137,586

Rs. 807,372

13

Rs. 230,199

Rs. 105,705

Rs. 577,173

14

Rs. 267,204

Rs. 68,700

Rs. 309,969

15

Rs. 310,312

Rs. 25,747

Rs. 0

For any loan related enquiry and information please call at the toll free number: 1800-102-4345