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Grihalakshmi — Housing Loan to Members

Individual housing finance recommended by an eligible , for house construction/purchase, sheds and specified repairs or economic-use improvements.

Interest rateRefer to the current Indian Bank Lending Rates link; no product-specific percentage is printed.Maximum amount₹2 lakh per member.TenureMaximum 15 years.
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Quick eligibility check

Grihalakshmi — Housing Loan to Members

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: the SHG must be active for at least one year with a good track record and repayment capacity?

Published source: Minimum income

2Are you aged 18 to 60?

Published source: Eligibility

3Do you meet this requirement: loan is in the individual's name?

Published source: Eligibility

4Do you meet this requirement: The SHG must have been active with a good track record for at least one year and preferably conduct an economic activity that demonstrates repayment capacity?

5Do you meet this requirement: All identified SHG members must be 18–60?

6Document checkDo you have this required document or proof: SHG recommendation and track record?

Published source: Required documents

7Document checkDo you have this required document or proof: Identity, age and address proof?

Published source: Required documents

8Document checkDo you have this required document or proof: Title deed/patta/passbook/allotment and tax receipt?

Published source: Required documents

9Document checkDo you have at least one of these required documents: House/shed construction or purchase estimate?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeIndividual housing term loan recommended by an eligible SHG.View source
The official table describes individual housing finance for members.
Source
Grihalakshmi
Page / section
Purpose; Loan Amount; Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateRefer to the current Indian Bank Lending Rates link; no product-specific percentage is printed.View source
The official table directs customers to the Lending Rates link.
Source
Grihalakshmi rate review
Page / section
Rate of Interest
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNo product-specific benchmark or spread is printed.View source
The rate row gives a link but no formula.
Source
Grihalakshmi benchmark review
Page / section
Rate of Interest
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage is published.View source
No appears in the official table.
Source
Grihalakshmi review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo numeric income threshold is published; the SHG must be active for at least one year with a good track record and repayment capacity.View source
The official table uses history and repayment capacity rather than a salary floor.
Source
Grihalakshmi eligibility review
Page / section
Target Group & Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amount₹2 lakh per member.View source
The official table states maximum ₹200,000 per member.
Source
Grihalakshmi quantum
Page / section
Loan Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum 15 years.View source
The official table publishes a 15-year maximum.
Source
Grihalakshmi repayment
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil processing and other charges.View source
The official table states NIL.
Source
Grihalakshmi fee
Page / section
Processing & other charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo separate charge is published.View source
The official table does not state a foreclosure charge.
Source
Grihalakshmi prepayment review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilitySHG members aged 18–60 in an active SHG with at least one year of good track record, clear property title/patta or valid allotment and SHG/NGO recommendation; loan is in the individual's name.View source
The official table defines the age, , title and recommendation tests.
Source
Grihalakshmi eligibility
Page / section
Target Group & Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsSHG/NGO recommendation and records, identity/age proof, title deed/patta/passbook/legal document or allotment letter, tax receipt, construction/purchase estimate and property insurance records.View source
The official table specifies title evidence, recommendation and insurance at borrower cost.
Source
Grihalakshmi documentation
Page / section
Target Group & Eligibility; Purpose; Insurance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Maximum ₹2 lakh per member
  • 10% margin
  • Repayment up to 15 years
  • Nil processing and other charges
  • Covers construction, purchase, repairs, toilets, compound walls and rainwater harvesting

Eligibility

  • The must have been active with a good track record for at least one year and preferably conduct an economic activity that demonstrates repayment capacity.
  • All identified members must be 18–60; the applicant needs a clear title/patta/legal allotment document and the loan must be recommended by the /NGO.
  • Plot/site purchase must form part of the housing loan; transfers between blood relatives/family members are not permitted.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • recommendation and track record
  • Identity, age and address proof
  • Title deed/patta/passbook/allotment and tax receipt
  • House/shed construction or purchase estimate
  • Insurance, margin and loan documents

Related official documents

Interest Rates for Agri Products and Interest Rate Range — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗
SHG Grihalakshmi Housing Loan to SHG Members — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Eligibility · Published detailActive with good record at least one year; members aged 18–60; clear title/patta and /NGO recommendation.

This value is copied from Grihalakshmi — published terms. Check the table notes before relying on it.

Source: Grihalakshmi · Complete product table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsSHG Grihalakshmi — published termsCurrent Indian Bank housing finance for eligible SHG members.View tableHide table

Scroll sideways to view every column

SHG Grihalakshmi — published terms
ParameterPublished detail
EligibilityActive with good record at least one year; members aged 18–60; clear title/patta and /NGO recommendation.
PurposeHouse construction/purchase, shed/godown, cattle shed/store/vegetable shop and listed repairs/improvements.
Loan amountMaximum ₹2 lakh per member.
Margin/repayment10% margin; maximum 15 years.
ProcessingNil processing and other charges.
RateRefer Indian Bank Lending Rates; no product percentage printed.
InsuranceHouse/building or shed must be comprehensively insured at borrower cost.
RestrictionsPlot/site purchase must be part of housing loan; transfers among blood relatives/family members not permitted.
Grihalakshmi · Complete product table · accessed 31 Aug 2026Open official source ↗

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