Shriram Housing Finance is now Truhome Finance offering home loans in 2025 with rates starting at 8.50% p.a. for salaried and self-employed individuals. With flexible terms, quick approvals, and minimal documentation, Shriram Housing Finance caters to diverse needs like purchasing, constructing, or renovating homes. Rates are tailored according to credit score, loan amount, and tenure to ensure affordability.
Shriram Housing Finance (Truhome Finance) Home Loan Interest Rates by Employment
Shriram Housing Finance Home Loan Interest rates for 2025 will start from 8.50% per annum for salaried employees and for self employed borrowers. It is due to income consistency, credit score and repayment ability.
Shriram Housing Finance (Truhome Finance) Home Loan Interest Rates for Salaried Employees
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Salaried | 8.50% p.a onwards |
Shriram Housing Finance (Truhome Finance) Home Loan Interest Rates for Self Employed
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Self Employed | 8.50% p.a onwards |
Check Out: Home Loan Eligibility – Salaried vs Self-Employed
Shriram Housing Finance (Truhome Finance) All Schemes Home Loan Interest Rates
Shriram Housing Finance presents a range of home loan schemes in 2025, with interest rates beginning at 8.50% p.a., designed for salaried and self-employed customers. The loans feature flexible tenures, easy documentation, and fast approvals.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Standard Home Loan | 8.50% p.a. onwards |
| Balance Transfer | 8.50% p.a. onwards |
| Loan Against Property – Commercial | 9.50% p.a. onwards |
| Top-up Loans | 8.50% p.a. onwards |
| Residential Plot + Construction Loans | 9.50% p.a. onwards |
| Loan Against Property – Residential | 9.50% p.a. onwards |
| Home Extension Loans | 8.50% p.a. onwards |
Check Out: Shriram Housing Finance Home Loan Eligibility Calculator
All Schemes Offered by Shriram Housing Finance (Truhome Finance): A Detailed Overview
Explore all the loan schemes offered by Shriram Housing Finance home loans, business loans, personal financing and many more planned to suit numerous financial needs through flexible terms.
Standard Home Loan
Shriram Housing Finance Standard Home Loan offers affordable financing options with flexible terms for purchasing or constructing a home.
| Features | Details |
|---|---|
| Interest rate | 8.50% p.a. onwards |
| Maximum loan amount | Rs. 7.5 Lakhs – Rs. 1 Crores or Up to 90% of the Property Value |
| Loan tenure | Up to 25 years |
| Processing fees | Up to 1.5% of the Loan Amount |
| Pre-payment Fees | Individual Borrowers – Nil |
| Eligibility | New and Existing Bank Customers |
Balance Transfer
Shriram Housing Finance Balance Transfer allows you to transfer your existing home loan to Shriram at lower interest rates and better terms.
| Features | Details |
|---|---|
| Interest rate | 8.50% p.a. onwards |
| Maximum loan amount | Equivalent to Principal Outstanding Amount (POS) |
| Loan tenure | Up to 25 years |
| Processing fees | Up to 2% of the Loan Amount |
| Eligibility | New and Existing Bank Customers |
Check Out: Home Loan Balance Transfer Calculator Online
Loan Against Property – Commercial
Shriram Housing Finance Loan Against Property – Commercial provides financing by leveraging commercial property for business or personal needs with flexible terms.
| Features | Details |
|---|---|
| Interest rate | 9.50% p.a. onwards |
| Maximum loan amount | Rs. 10 Lakhs – Rs. 3 Crores |
| Loan tenure | Up to 15 years |
| Processing fees | Individual Borrowers – 4% – 8% |
| Eligibility | New and Existing Bank Customers |
Check Out: Loan Against Property Eligibility Criteria
Top-up Loans
Shriram Housing Finance Top-up Loans offer additional financing on your existing home loan, providing extra funds for personal or business purposes.
| Features | Details |
|---|---|
| Interest rate | 8.50% p.a. onwards |
| Maximum loan amount | Rs. 7.5 Lakhs – Rs. 1 Crore |
| Loan tenure | Maturity as per the parent loan |
| Processing fees | Individual Borrowers (on floating rate of interest) – Nil |
| Eligibility | New and Existing Bank Customers |
Residential Plot + Construction Loans
Shriram Housing Finance Residential Plot + Construction Loans provide funding for purchasing a plot and building a home, with flexible repayment options.
| Features | Details |
|---|---|
| Interest rate | 9.50% p.a. onwards |
| Maximum loan amount | Rs. 1 Lakh – Rs. 10 Crores |
| Loan tenure | Up to 25 years |
| Processing fees | Up to 2% of the plot purchase and construction loan (non-refundable) |
| Eligibility | New and Existing Bank Customers |
Check Out: A Comprehensive Guide to Home Purchase Loan
Loan Against Property – Residential
Shriram Housing Finance Loan Against Property – Residential allows you to leverage your residential property to secure funds for personal or business needs with flexible terms.
| Features | Details |
|---|---|
| Interest rate | 9.50% p.a. onwards |
| Maximum loan amount | Rs. 7.5 Lakhs – Rs. 1 Crore |
| Loan tenure | Up to 15 years |
| Processing fees | 4% – 8% |
| Eligibility | New and Existing Bank Customers |
Check Out: Loan Against Property Eligibility Criteria
Home Extension Loans
Shriram Housing Finance Home Extension Loans provide financial assistance for expanding or renovating your home with flexible repayment options and competitive interest rates.
| Features | Details |
|---|---|
| Interest rate | 8.50% p.a. onwards |
| Maximum loan amount | Rs. 7.5 Lakh – Rs. 1 Crore |
| Loan tenure | Up to 25 years |
| Processing fees | Up to 1.5% of the Loan Amount |
| Eligibility | New and Existing Bank Customers |
How to Get Lowest and Best Home Loan Interest Rates at Shriram Housing Finance (Truhome Finance)
- Check your credit report: the tradeoff is that the higher your score is, the greater chance to qualify for a lower rate of interest.
- Comparison: Rate should be Shriram Housing Finance interest Rate Compare it with others too.
- Earn steady income to hand it over: it is more vital to be drawing a salary over time.
- Decide to Choose the Best-Wanted Loan: Fixed interest is good because it means relaxation, yet floating rates typically start lower.
- Opt for the higher tenure: The duration of the loan becomes longer so that the EMI decreases while the total amount of interest increases.
- Make Profitable Investment: Cut down the loan amount by major payment options and receive improved rates.
- Express Interest in Special Offers: Especially for the female and Shriram Housing Finance account holders, there are no special offers for female customers and Shriram Housing Finance account holders presently.
- Get a discount on higher loan amounts: For loans drawn in higher amounts, the predominant factors are what reduction has been given on it.
- Check Loan Attachment: Look to swap or refinance in case of better loan terms available anymore.
- Negotiate on Processing Charges: With reference to some of those charges in terms of variations, you need to bargain out the ‘take-it-or-leave-it’ stance adopted by them.
Check Out: How to Increase CIBIL Score
Factors that Affect Shriram Housing Finance (Truhome Finance) Home-Loan Interest Rate
- If you have a good credit score, then you can benefit from the lower interest rates.
- Qualifying for larger loan amounts allows you to enjoy lower interest rates.
- A loan-lasting time of fewer years always yields lower interest for any long-dated deals.
- Employees who receive salaries generally are given the lowest interest rate, in comparison to self-employed people.
- The new loans have added a high rate of property and a lower loan-to-value ratio along with lower rates.
- Locations and survey nature (residential/commercial) of property influences that rate for home loans.
- Home Loans directly affected by the repo rates of The Reserve Bank of India.
- For long-time clients, Shriram Housing Finance offers special rates, better than the lowest published rate.
- LOW LTV ratios get more favorable at imposing lower interest rates.
- Loan Rates are comfortably affected by Economic factors like Inflation and Housing Markets.
Check Out: CIBIL Score Check Free Online by PAN Number
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting – Protection against rising interest rates | – Typically, higher rates compared to floating – No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall – Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions – Costs may rise if rates increase |
Also Read: Choosing Home Loans: Fixed vs Floating Interest Rates
How is Shriram Housing Finance (Truhome Finance) Interest Rates Calculated
Shriram Housing Finance calculates its home loan interest rates after analyzing certain key elements:
- Benchmark Rate: Based on the RBI guidelines and market conditions, Shriram Housing Finance uses either MCLR or EBLR.
- Spread or Markup: An individual and the type of loan granted it determines the spread added by Shriram Housing Finance.
- Credit Score: A higher credit rating often translates into lower interest rates.
- Type and Term of Loan: Other factors such as the loan type also play a key role in determining interest.
- Loan-to-Value (LTV) Ratio: A higher LTV ratio is likely to result in higher interest rates.
- Economical Factors: How interest rates swing given the current circumstances; inflation will help you understand how these factors will influence such borrowing rates as the Repo Rate set by the RBI.
- Loan Amount: Higher loan amounts can help avail better interest rates, but this insight is subjective to how lenders perceive your risk grade.
Check Out: Home Loans with Overdraft Facility Calculator
How to Switch my Shriram Housing Finance (Truhome Finance) home loan from Fixed to Floating Interest Rates?
Migrate from a fixed interest rate to a floating home loan interest rate from Shriram Housing Finance:
- Check Eligibility: Your loan account should be eligible to be converted. Subject to some terms and conditions in your existing loan agreement.
- Please get in touch with Shriram Housing Finance: Contact the customer care or your relationship manager from Shriram Housing Finance requesting the switch from fixed to floating rate.
- Just Fill up the Form: Sometimes it is required to fill a formal request for beginning the conversion process physically or via an online submitted form.
- T&Cs will follow: The terms will follow about the prevailing floating rates, charges, and the re-definition of loan tenure or Emi Post-after discussion.
- What you are to know: You have to be cautious about the charges that may apply during the conversion like the processing fees or administrative charge or both even.
- Sign the Agreement: Sign a formal document if the conversion is approved to switch in reality to floating rates.
- Wait for Confirmation: Shriram Housing Finance will acknowledge the request after completion and put your home loan under the floating interest rate.
How to Obtain Shriram Housing Finance (Truhome Finance) Home Loan Interest Certificate
Time needed: 3 minutes
- Visit Shriram Housing Finance (Truhome Finance) Website
- Log in to your internet banking account using your credentials.
- Navigate to Loan Services
Look for the “Loan Services” or “My Loan” section on the website.
- Request the Interest Certificate
Select the option to request an interest certificate for your home loan. You may need to select the loan account for which you need the certificate.
- Verify Details
Check if your personal details and loan information are correct.
- Download or Receive via Email
After the request is processed, you can either download the interest certificate directly from the website or it will be sent to your registered email address.
The interest certificate will include details of the interest paid on your home loan during the financial year, which is useful for tax purposes.
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Conclusion
The Shriram Housing Finance (Truhome Finance) offers lower Home Loan Interest Rates with attractive flexible options, partnering with finance seekers to offer affordable and acceptable financing.
Frequently Asked Questions
The interest rate for Shriram Housing Finance home loans typically starts at around 8.50% per annum, depending on the loan type and eligibility.
Yes, Shriram Housing Finance is considered safe as it is a regulated non-banking financial company (NBFC) under the supervision of the Reserve Bank of India (RBI).
Shriram Housing Finance is a private non-banking financial company (NBFC), part of the Shriram Group.
Shriram Housing Finance, Started in April 1974 and based in Chennai, is part of the Shriram Group, which started as a chit fund business and expanded into commercial vehicle financing.
Shriram Finance, part of the Shriram Group, serves 9.44 million customers across 3,196 branches. With assets over ₹254,469 crore and 79,405 employees, it is one of India’s largest retail NBFCs.
The new name of Shriram Housing Finance is Truhome Finance. Following its acquisition by Warburg Pincus, the company rebranded itself as Truhome Finance.
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