Shubham Finance

Shubham Finance

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 13 % to 24 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 year to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 2 %  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Shubham Finance

Shubham housing Finance Company was incorporated In 2011. Shubham housing Development Finance Company operates with a vision to be the preferred mortgage lender of choice for people with informal income. Shubham housing finance provides Loan against property at low and affordable interest rates.Shubham housing finance company was also one of the first organizations in india to provide customized credit program for every borrower instead of document- based underwriting.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate Of Interest:

Sno.

Loan Type

Rate Of Interest

1

Loan Against Property(Floating)

13% to 24%

Existing Loan take over or New Loan

Here are some Points for this:

  • No Income Proof required
  • No guarantor required
  • EMI as per your repayment capability
  • Loans up to 25 lakhs
  • Loan on Household Income

Features of Loan

Features and benefits of Shubham Finance:

  • With Shubham’s Loan against Property, you can avail a big loan amount depending on the value of the property.
  • Enjoy low rate of interest in the market.
  • Longer Loan tenure
  • There is no restriction on the end-use of the loan amount, provided it is for a legal purpose. You can use the funds for remodelling your home, business expansion, acquiring of assets, debt consolidation, fund your child’s higher education, marriage or personal needs.

Documents required for Shubham finance Loan against Property

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.