SHFL Ace Home Loan mobile app offers a host of information and services to people intending to own a house. An enriched menu option for updating the profile, Bank Details, Transaction History, Manage Address, Notification and Help & Support
Home Loan Features
- Loan Amount: Up to ₹ 1 Crore
- Interest Rate/Annual Percentage Rate (APR): 10%-15% p.a*
- Loan Tenure: 60 to 300 Months
- Processing Fees: Up to 1% of the loan amount
Example of how a Shriram Home Loan works:
- Loan Amount - ₹20,00,000
- Tenure - 240 months
- Interest Rate - 10% p.a. for 240 months (interest rate on reducing balance method)
- EMI - ₹ 19,301
- Total Amount Payable - ₹19,301 x 240 months = ₹46,32,240
- Total Interest Payable - ₹19,301 x 240 months - ₹20,00,000 = ₹26,32,240
- Processing Fees (excl. GST)* - ₹5,000
*Note: These numbers are indicative. Final interest rate & APR will depend on customer’s credit assessmentSHFL Ace Home Loan mobile app offers a host of information and services to people intending to own a house. An enriched menu option for updating the profile, Bank Details, Transaction History, Manage Address, Notification and Help & Support