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India Shelters Home Loan Interest Rates 2021

India Shelters Housing Loan Interest Rate -Today

Last Updated 22nd Jun 2021

Loan AmountIndia Shelter Home Loan Floating Rate
Upto ₹ 30 Lakh12.00%
₹ 30 Lakh - ₹ 50 Lakh12.00%
₹ 50 Lakh - ₹ 75 Lakh12.00%
Above ₹ 75 Lakh12.00%
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India Shelters Home Loan Rate

India Shelters offers home loans to both salaried individuals and self-employed at a minimum rate starting at 12.00% up to 20.00%. Apart from the interest rate, the bank also has various other charges such as India Shelters processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

India Shelters Home Loan Processing Fee and Other Charges

India Shelters home loan processing charges are upto 2.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 2.00% of the loan amount;
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on India Shelters Home Loans Schemes

India Shelters offers a housing loan interest rate at 12.00%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, India Shelters home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are India Shelters home loan rates for multiple housing schemes.

India Shelters Home Loan Scheme Interest Rates
India Shelter Home Loan Floating12.00% - 20.00%

India Shelters Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in India Shelters for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 12.00%
₹ 30 Lakh - ₹ 50 Lakh 12.00%
₹ 50 Lakh - 75 Lakh 12.00%
Above ₹ 75 Lakh 12.00%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 12.00%
₹ 30 Lakh - ₹ 50 Lakh 12.00%
₹ 50 Lakh - 75 Lakh 12.00%
Above ₹ 75 Lakh 12.00%

India Shelters Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount India Shelters Home Loan Rate For Women India Shelters Home Loan Rate For Govt Employee
Upto ₹ 30 Lakh 12.00% 12.00%
₹ 30 Lakh - ₹ 50 Lakh 12.00% 12.00%
₹ 50 Lakh - 75 Lakh 12.00% 12.00%
Above ₹ 75 Lakh 12.00% 12.00%

India Shelters Home Loan Balance Transfer Interest Rates

India Shelters home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to India Shelters at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, India Shelters offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate India Shelters
Maximum Annual Percentage Rate (APR) 12.1% to 20.1%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 20 Years
  • India Shelters Home Loan Interest Rate: 12.00% to 20.00%
  • Processing Fee payable to: Upto ₹ 2,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 1,101 for 20 Years ₹ 1,00,000 loan at 12.00% (lowest rate, longest time period) to ₹ 2,649 for 5 Years ₹ 1,00,000 loan at 20.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 12.1% to 20.1%
  • Total cost payable over loan tenure: ₹ 1,35,466 for 5 Years loan to ₹ 2,66,262 for 20 Years loan


Has India Shelters reduced home loan rates?

As per the current rates, India Shelters has hiked its home loan rates by 12% from 0.00% to 12.00%, which is one of the best rates in the market. The new rates are effective from 22 Jun, 2021.

Why should I opt for balance transfer to India Shelters?

India Shelters offers lowest Home Loan EMI of ₹ 1,101 per lakh availed at the lowest interest rate 12.00% for a maximum tenure of 20 years. If you are paying an EMI more than ₹ 1,101 per lakh, you should consider the option for a loan transfer to India Shelters from your existing bank. Current India Shelters balance transfer rate is 6.50%.

Can India Shelters housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with India Shelters to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can India Shelters revise the home loan interest rates for their existing customers?

Yes, India Shelters offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does India Shelters offer a concessional home loan interest rate for women?

Yes, India Shelters offers special home loan interest rates for women. As against India Shelters home loan rates for male which is 12.00%, the home loan interest rate for women starts at %.

What is the India Shelters home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, India Shelters provides home loan interest rate starting at 12.00%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an India Shelters employee get a home loan?

India Shelters offers concessional home loan rates of about 1% than the current home loan rates to India Shelters employees.

Is India Shelters home loan a floating rate loan or fixed-rate loan?

India Shelters home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the India Shelters home loan rate today ?

India Shelters home loan rate today is in the range of 12.00% to 20.00%.The bank also charges a processing fee of upto Upto 2.00% of the home loan amount.

How much interest does India Shelters take on home loans?

The rate of interest on India Shelters home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, India Shelters home loan current interest rate 2021 are in the range of 12.00% to 20.00%.

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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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