A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    India Shelter Finance Home Loan

    India Shelter Finance offers eligible customers home loan with interest rate from 13% to 20%. It offers a maximum loan amount of Rs.50 lakhs. The processing fee applicable is 2% - 3% of the loan amount. The maximum tenure of the loan can be up to 20 years. The maximum tenure of up to 15 years. 

    We found 1 India Shelter Finance Corporation Ltd (ISFC)
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 22% FIXED
    2% to 3% One time fee
    ₹20L Max
    20 Years
    Response Time : Within 30 minutes
    What you'll love
    Think about
    Good to Know

    The sphere of home loan disbursal in India is chock-a-block with big name players and attractive, customer friendly loan products. A significant part of this ensemble is the India Shelter Finance Corporation Ltd that has been an active home loan provider since the year 1998 (re-launched in March 2010 under new management). Aiming to provide strong credit/home loan options to middle income Indian households, India Shelter has already disbursed over Rs.234 crores in housing loans to benefit 9000+ Indian families.


    You’re probably eligible for an India Shelter Finance Home Loan if you are

    India Shelter Finance Home Loan Minimum Age

    At least 18 years old

     India Shelter Finance Home Loan Maximum Age

    Less than 70 years old

    India Shelter Finance Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    India Shelter Finance Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your India Shelter Finance Home Loan amount eligibility is based on these factors

    India Shelter Finance Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    India Shelter Finance Home Loan Maximum Loan to property value

    Loan capped @70% of the cost of property

    India Shelter Finance Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible India Shelter Finance Home Loan amount by these steps

    India Shelter Finance Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    India Shelter Finance Home Loan Maximum Tenure

    Choose longer tenure loan 5 year to 20 years

    India Shelter Finance Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an India Shelter Finance Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Approved Building Plan
    • 4. Last 3 months bank statements
    • 5. Documentation for salaried applicants:

      - Last 3 months salary-slips

      - Form 16 or Income Tax Returns

    • 6. Documentation for self-employed applicants:

      - Last 2 years Income Tax Returns

      - Last 2 years CA Certified Profit & Loss Account


    India Shelter Finance Home Loan Interest RatesUpdated on 19 Jun 2019

    India Shelter Finance Home Loan Details
    Interest Rate 11.75% to 22%
    Processing Fees 2% to 3% of Loan amount
    Loan Tenure 20 Years
    Partial pre-payment Charges Nil

    ISFC Home Loan

    Setup to counter the usual lender policy of targeting high income customer bases, India Shelter was granted its registration certificate on 26th October 1998 when the company was known as Satyaprakash Housing Finance India Limited (SHFIL). In line with its credo, the company targets middle income households that are intent on purchasing a new house or repairing/renovating their existing abode. Prominent investors, Sequoia Capital and Nexus Venture Partners, are party to the India Shelter home loans dream. An example of India Shelter Finance Corporation’s innovative and socially conscious approach is the offer of a maximum of Rs.15 lakhs to low and middle income urban customers, for a relaxed tenure of 15 years. This, is a sure difference maker.

    Feature and Benefits of India Shelter Home Loan:

    The following list highlights the advantages of subscribing to the India Shelter Finance Home Loan.

    1. Loan amounts ranging from Rs.1,00,000 to Rs.15,00,000 lakhs.
    2. Fixed rate of interest that ensures that monthly EMIs are a steady, predictable number.
    3. Maximum repayment tenure of upto 15 years.
    4. Loans are also offered to households that cannot produce any income proof.
    5. Easy documentation, zero red tape and loan approval within 7 days.
    6. No pre-payment charges if the borrower closes the account from his/her own source of funds.
    7. Minimal processing fee of 3.0% inclusive of service tax.
    8. Robust tele customer support, in both Hindi and English.
    9. Direct-to-Home service is available and administered in the applicant’s local language.
    10. Home loan can be availed for the following purposes- a) Purchasing property including plots and/or completed houses, b) Construction of house, c) Extension of house including addition of rooms, floors, etc., d) Internal or external repairs to existing house.

    Who Can Apply for India Shelter Finance Home Loans?

    The prospective borrower must comply with the following requirements to be eligible for home loans from India Shelter Finance Corporation,

    1. The applicant must not be younger than 21 years or older than 65 years.
    2. Monthly income (documented or undocumented) of Rs.12,000 and more.
    3. Individuals can either apply on their own or add family members and co-owners of the property.
    4. The applicant must have an impeccable credit history with no red flags.
    5. The applicant must supply the proper documentation concerning the plot/house to be purchased/constructed/renovated. India Shelter does not fund illegal construction.

    India Shelter Finance Corporation Home Loan Interest Rates:

    India Shelter aims to provide nothing but the best for its housing loan customers and the same applies for the rate of interest offered on the housing loans. The bank offers both fixed and floating rates of interest on its housing loan options. The current rate of interest offered on the housing loan is 11.75% for both men and women customers.

    Home Loan Amount Tenure Rate of Interest Processing Fee Rate Type
    3 Lakhs to 20 Lakhs 20 Years 11.75% to 22% 2%-3% Fixed

    Documentation Required:

    The applicant must furnish the following documents at the time of loan application,

    1. Completed application form with proper signatures and photographs.
    2. Identity Proof- PAN Card, Voter’s ID, DL, Bank Passbook, etc.
    3. Proof of Age- Any of the documents mentioned above or Birth certificate, 10th or 12th Pass certificate, etc.
    4. Properly attested property documents.
    5. Additionally, these documents will help- Salary slips (3 months), IT Returns (2 years), Business Records, LIC Policy, FD/RD and Details about loans that you are currently repaying, other details about savings and/or investment.

    ISFC Home Loan FAQ

    1. What are the basic eligibility criteria that India Shelter Finance considers when disbursing home loans?

      Aside from the basic qualification and requirements, the following attributes of a potential borrower are carefully scrutinised by India Shelter before qualifying him/her for a home loan-

      1. Financial history and associated liabilities.
      2. Confirmation as to the state of steady income.
      3. Educational and vocational qualifications.
      4. Accumulated assets and presence of dependents.
      5. The applicant’s spending as well as saving habits.
    2. What is the security applicable with the home loan from India Shelter?

      As security, title deeds and associated documents will serve as the equitable mortgage of the property.

    3. What is the applicable Annual Percentage Rate (APR) applicable on home loans offered by India Shelter Finance Corporation?
      Loan Amount. Loan Type. APR.
      Rs.2,50,000- Rs.3,49,999 Home Loan 18.68%
      Rs.3,50,000- Rs.5,00,000 Home Loan 17.18%
      Rs.5,00,001- Rs.6,99,999 Home Loan 17.15%
      Rs.7,00,000- Rs.15,00,000 Home Loan 16.15%
      Rs.2,50,000- Rs.10,00,000 Loan Against Property 20.23%
    4. What are the applicable pre-payment charges if I decide to close my loan early?

      For home loans, no pre-closure charges apply if the borrower clears off the pending loan amount from his/her own source of funds. Otherwise, 4.5% (service tax included) of the outstanding principal amount will be marked as penalty for pre-payment.

    5. Where can I access the application form to apply for the India Shelter Home Loan?

      The application form can be sourced from India Shelter Finance Corporation’s official website. However, a far more quicker and interactive loan application experience can be had on BankBazaar.com. The details for the same are listed in a section above.

    Home Loan - Sitemap

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    India Shelter Finance Corporation Ltd (ISFC) Reviews

    • India Shelter Finance Corporation Home Loan
      "Reduce Hidden Charges"
      0.5 3.5/5 "Pretty good"
      Not satisfied with India Shelter finance corporation. Because they provide Rate of Interest was 13.2% it was slightly high compare to other banks,I was expected Interest rate 12.5%. They was given proper response, but i felt charges are high. Also They were charging processing fees was 2% from loan amount. So I was not processed my home loan application with India shelter. Still I am searching other banks for low interest rate.
      Was this review helpful? 2
      , nagpur
      Reviewed on Jan 30, 2017
    • India Shelter Finance Corporation
      India Shelter Finance Corporation Home Loan
      "They should work as customer's oriented"
      0.5 2.0/5 "Expected more"
      My property located 70km away from the city, But I approached India Shelter Finance for home loan. But nobody contacted me, I didnt receive any single call to collect the documents from my place. I dropped the plan to take loan with India Shelter.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jan 30, 2017
    • India Shelter Finance Corporation Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      India Shelter Finance Corporation was recommendable, because I was applied for my home Loan . They was very good in customer service, they given proper response for my application. But I was not finalized my property, So I was post boned my plan. Once I finalized my property again I will approach India Shelter Finance Corporation .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 30, 2017
    • India Shelter Finance Corporation Home Loan
      "Good knowledge and Experience"
      0.5 4.0/5 "Great!"
      Good experience with India Shelter Finance Corporation for my home loan. I was submitted my documents with executive, but unfortunately I dropped my plan. Because I was not able to finalized my property,the reason of construction. The rate of Interest was little bit high compare to other banks. Overall experience was good.Once I finalized my property , again I will approach India shelter Finance Corporation.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jan 30, 2017
    • India Shelter Finance Corporation Home Loan
      "Expecting better results"
      0.5 3.0/5 "Satisfactory"
      When I approached INDIA SHELTER for the Home loan there was on going loan on the same property . Therefore they confirmed that they cannot offer another loan on the same property because I wanted to borrow only 3 Lakhs they refused as the amount was less. One of the property is in Mumbai and they refused to provide the loan for that property.
      Was this review helpful? 2
      , vadodara
      Reviewed on Jan 11, 2017
    • India Shelter Finance Corporation Home Loan
      "Got smile with India shelter"
      0.5 4.0/5 "Great!"
      My experience was very good with India shelter , it provides me home loan while other bank didn't provide i am happy with the services provided by india shelter.. it takes some time but finally it disbursed the loan amount and it make possible to me to get a own flat in delhi otherwise it was not possible for me at this time to get a own home in delhi so i am very happy due to india shelter.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jul 15, 2016
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