Hello there. I’d like to offer you my help by sharing the Shriram Finance home loan interest rate. The rate of interest starts at 9.5 percent per annum. I took a home loan from Shriram Finance last month and my home loan interest rate came to be somewhere around this mark. However, this is the starting interest rate, and the rate at which you get the home loan can vary on certain factors. Let me describe those to help you.
What Does the Shriram Housing Finance Interest Rate Depend On?
Here are some influential factors:
Tenure: Your loan tenure is an important aspect. Longer loan tenures do help by lowering the EMI, but they lead to an increase in the interest rate.
CIBIL Score: This is another thing to look at. A healthy credit score will allow you to get a loan at a lower interest. A safe score is considered to be 750.
LTV Ratio: Your Loan to Value ratio also comes into play. A higher LTV ratio means a larger loan amount, which ultimately leads to you getting the loan at a higher interest rate.
So, look at all these factors when you are going through the interest rate offered by the bank. Improving these areas will help you land a home loan at a lower interest rate. This is all. I hope you are now aware of the Shriram housing loan interest rate.
Get the Lowest Interest on Home Loan Across 15 Banks Via NoBroker! Some related information:DBS Home Loan Interest Rate India 2024?
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What is Shriram Housing Finance Home Loan Interest Rate?
rira
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1 Answers
2 months
2024-10-01T10:14:21+00:00 2024-10-01T10:14:22+00:00Comment
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