Home Loan Eligibility Criteria – Shriram Housing Finance
Before you apply, it's important to understand the Shriram housing loan eligibility criteria. The eligibility requirements are simple and borrower friendly.
| Criteria |
Details |
| Applicant Type |
Salaried, Self-Employed, Professionals |
| Age |
Minimum 21 years, Maximum up to 65 years |
| Employment Status |
Salaried or Self-Employed |
| Minimum Income |
Based on location, profession, and repayment capacity |
| Credit Score |
Preferably 650 and above |
| Loan Tenure |
Up to 25 years |
| Property Type |
Residential property (approved projects only) |
Shriram Housing Finance Home Loan Scheme
The Shriram loan scheme offered by Truhome Finance is designed to support affordable housing across India, especially in Tier-2 and Tier-3 cities.
Key Features & Benefits
• Competitive Shriram home loan interest rate
• High loan-to-value (LTV) ratio for eligible borrowers
• Flexible Shriram Finance EMI options
• Special schemes for affordable housing loan India
• Minimal documentation and simplified process
• Quick processing with fast home loan approval
• Transparent charges with no hidden costs
Whether you're a first-time buyer or upgrading your home, the Truhome Finance home loan offers stability, flexibility, and long-term savings.
Documents Required for Shriram Housing Finance Home Loan
Submitting the right documents ensures faster approval. Below is the complete list of Shriram Housing Finance documents required.
| Document Type Required Documents |
|
Identity Proof
|
Aadhaar Card, PAN Card, Passport
|
|
Address Proof
|
Voter ID, Utility Bill, Driving License
|
|
Income Proof (Salaried)
|
Salary Slips (last 3 months), Form 16
|
|
Income Proof (Self-Employed)
|
ITR (last 2–3 years), Business Proof
|
|
Bank Statements
|
Last 6 months
|
|
Property Documents
|
Sale Agreement, Title Deed, Approved Layout
|
|
Photographs
|
Passport-size photos
|
Tax Benefits on Shriram Housing Finance Home Loan
A Shriram Housing Finance home loan also offers attractive housing loan tax benefits under the Income Tax Act.
Available Tax Deductions
Section 80C :
Deduction up to ₹1.5 lakh on principal repayment
Section 24(b) : Deduction up to ₹2 lakh on interest paid
Section 80EE / 80EEA :
Additional benefits for first-time homebuyers (subject to eligibility)
These tax benefits help reduce your overall loan burden and make homeownership more affordable.
Shriram Housing Finance Home Loan Processing Fee & Other Charges
Shriram Housing Finance Ltd offers home loans with competitive processing fees, ensuring
affordability and value for customers. The charges are structured transparently and include minimal
costs for application, documentation, legal evaluation, and other essential services. Special
provisions are made to keep fees competitive while maintaining excellent service quality.
Note: For detailed information, visit the official Shriram Housing Finance website.