India Shelter: Housing Finance Company in India “We will help middle income families improve quality of and access to housing by providing housing credit in a transparent and respectful fashion” India Shelter Finance Corporation Ltd (ISFC) is the new name of the erstwhile Satyaprakash Housing Finance India Limited (SHFIL) which was granted the certificate of Registration by National Housing Bank on 26th October, 1998. . The business was taken over by a group of professionals with experience across diverse businesses and relaunched on 12th March 2010. The main objective of India Shelter Finance is to provide credit to middle income households to acquire new housing or to extend and improve their current housing. The Company provides home loans up to a maximum of 20 lakhs to low and middle income urban borrowers for a period of up to 20 years. These loans can be used by borrowers for purchase of apartments, construction of homes, home improvements and home extensions. We believe that progressively larger numbers of first generation urban families will need access to housing credit. This credit will first be needed to extend and improve their current dwelling units as families grow. As incomes rise, the ability to service the credit to acquire higher quality new housing will also improve. IndiaShelter aspires to build a profitable and socially useful business by fulfilling the housing credit needs of these families. Our support will increase housing stock and improve health and education outcomes for these families. IndiaShelter has helped over 16000 families own, extend or improve their homes by disbursing over Rs. 600+ Crores in loans.
Our Products
Home Loan: India Shelter extends loans amounts upto 20 lacs to urban households for construction, extension, renovation and purchase of new home. Interest rates range from 11.75% to 22% for housing loans. Interest rates are higher for home equity loans (or Loan against Property), where the end-use is not for housing. A file processing fee of 2%-3% (including service tax) is charged.
Loan Against Property: India Shelter extends loans amounts upto 10 lacs to urban households with monthly incomes (documented or undocumented) and more. Interest rates are higher for home equity loans (or Loan against Property), where the end-use is not for housing. A file processing fee of 4.0% (including service tax) is charged.
India Shelter's core values form the essence of our company's identity and are an integral part of our day to day business. They act as our unwavering guiding principles and dictate our behaviour and action. To avail the homeloan for your new home or to know more about India Shelter, visit http://indiashelter.in/index.php