The moratorium on payment of loan EMIs enabled by RBI has ended on Aug 31, 2020 & to avoid payment defaults, late payment charges etc. we urge customers to pay their EMIs falling due from Sep 1, 2020 onwards, as per the revised repayment schedule - link to EMI payment here. For customers impacted by COVID-19, our policy on the loan restructuring scheme can be found here. For FAQs, click here. To apply for loan restructuring, click here.

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  • Check Eligibility

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  • Approval in Principle

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Pradhan Mantri Awas Yojana
Home for All

Subsidy benefit on home loans up to ₹ 2.67 lakhs

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Commercial Property Loans

Take your business to greater heights.

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Loan Products

Types of Housing Loans & Commercial Property Loans

  • Home
    Loan

    Get your dream home at a price you can afford with the best financial support

  • Loan against
    Property

    Get the most out of your property through a high loan to value and attractive interest rates

  • Commercial
    Property Loans

    The right financial support to help your business soar

  • Balance
    Transfer

    Great savings through easy processes, expert guidance and hassle-free documentation

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Calculators

Get an approximate figure for the total monthly instalment payments along
with a complete break-up of the home loan.

  • Loan EMI Calculator
  • PMAY Subsidy Calculator
%
Yr

Your Resultant EMI

EMI Payable (Per Month)

These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.
%
Month

Your Resultant EMI

Income Group

Interest Subsidy

Actual EMI

Revised EMI

Net reduction in EMI

Net interest savings over the loan tenure

These values are for demonstration purpose only. Please note that subsidy will only be given after NHB approves the PMAY application, which could be a few months after your home loan starts. This decision is solely on the discretion of the NHB, and Fullerton India does not take any responsibility for their decisioning.
  • Documents Required

    Browse through the various documents required to apply for a loan

  • Track Application

    Track your loan application status within a few clicks

  • Most Important terms & Conditions

    Browse through our Most Important Terms and Conditions (MITC).

Testimonial

See What Makes People Happy

Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad

“Owning a home brings in a sense of satisfaction and pride. The representative from Grihashakti has delivered good service and made our walkthrough in loan process easy. My favourite part in the entire home is the living room, which I have decorated well with special care.”

Pujan N. Maniar Family, Ahmedabad

“Nothing compares to the happiness, which you get on moving to a home of your own. We are thankful to Grihashakti for helping us to achieve this happiness – they delivered excellent services in all aspects. Ever since we have moved to our home, our business has been booming!”

Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka

“We are really happy to shift to our own place. Thanks to Grihashakti team, who helped us with their good service. The new home is very lucky for us because after we shifted here, I started my own business.”

Rupam Das Family, Kolkata

“Having a house of your own gives you a sense of security and fulfilment. Kudos to the Grihashakti team – they are very prompt in their services! Our home is very special to us as we bond together as a family and also spend quality time with friends.”

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  • 70

    Branches

  • 5

    Years of service

  • 50K+

    happy Customers

  • 6,000 Cr+

    Successful Disbursals

  • 400+

    new Customers/ Min

Knowledge Center

Browse through various articles on home finance, home renovation & more.

Home Finance

House Renovation

Business Finance

Tips

Business Advice

Financial Advice

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Know more about Home Finance

Get all the most asked queries answered here

How Do I Apply For a Home Loan?

You can apply for a home loan online in 4 simple steps

  • Click on the apply now button on this page
  • Enter your information as requested
  • Upload documents
  • Click “Submit”

We will review your application and get in touch with you for further steps.

Alternatively, you can also visit your nearest Grihashakti branch.

What are the interest rates of home loans?

At Grihashakti, we ensure that we offer the best interest rates as per each applicant’s profile and eligibility. Our interest rates for home loans start from 8%*

What are the eligibility criteria for getting a Home Loan?

Here are some of the basic eligibility criteria for getting a home loan from Grihashakti:

  • You must be a resident of India
  • You must be at least 21 years at the time of loan application and not more than 65 years by the time of loan maturity
  • For Salaried applicants:

    • Minimum monthly salary of INR 25,000 (for residents of Mumbai and Delhi) or INR 20,000 (for rest of India)
    • You must have been employed at your current job for at least 1 year
  • For Self Employed applicants:

    • Your annual turnover and yearly profit after tax should meet a minimum amount (which depends on the nature of your business and industry)
    • You must have been managing your current business for at least 3 years
  • You must have a CIBIL score of at least 700
  • The property you wish to purchase must have all the necessary paperwork and should be certified by

What are the documents required for applying for a home loan?

Here are some of the required documents for a home loan:

  • PAN Card (this is mandatory) of all applicants
  • Valid address proof such as Aadhaar card, Voter ID, passport, etc. of all applicants
  • Proof of employment – Appointment letter for salaried and proof of business for self employed
  • Income proof – past 3 months salary slips for salaried and audited financials for self employed
  • Bank statements for the past 6 months
  • Documentation related to the property being purchased including OC and ownership deed

Depending on your eligibility and our policy at the time of loan application, additional documents may also be requested.

What is PMAY Subsidy?

The PMAY Subsidy is a scheme introduced by the Indian government in an effort empower people from lower income groups by providing a subsidy on the purchase their first home. To avail this subsidy, one’s annual household income cannot exceed INR 18 lakhs, the tenure of the home loan cannot exceed 20 years, and the primary applicant should be a woman.

What are the tax benefits on home loans?

Home loans enable borrowers to avail tax benefits under Section 80EEA upto INR 3.5 lakhs on the interest paid every year. This amount used to be INR 2 lakhs intitally, but the Union government recently increased this amount to INR 3.5 lakhs in 2020. This deducation can be availed even if you have already taken the PMAY subsidy, and is only applicable for homes with a stamped value of INR 45 lakhs or more.

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Contact Us

We’d love to hear from you.

Have a query? You can contact us through any of the channels listed below.

  • Toll Free

    1800 102 1003

    Timings: 9:30 AM to 6:30 PM on all days (except Sundays and public holidays).

  • Email us

    [email protected]

    Expect replies in 24 - 48 hours

  • Corporate Address

    Supreme Business Park, 6 th Floor, B - Wing, Behind Lake Castle, Hiranandani Gardens, Powai, Mumbai

    Working on: Monday - Friday

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