Shubham Housing Development Finance Company offers home loans to people with informal income. Customers can avail the loan to buy a new house/flat/plot, construct the house, extend or renovate an existing one. The Shubham Housing Finance home loan interest rate ranges from 13.5% to 18% p.a.
| Shubham Housing Finance Home Loan | |
| Interest Rate | 13.5% – 18% |
| Loan Amount | Up to Rs. 50 Lakh |
| Loan Tenure | Up to 20 years |
| Administrative & Operational Costs | Up to 3% of loan amount + GST |
Note: The figures given in the table are indicative and are subject to change as per changes in Shubham Housing Development Finance’s RBI’s policy.
Shubham Home Loan Features & Benefits
- Provides customised credit programs to those with informal income
- Attractive home loan interest rates starting from 13.5% p.a.
- High loan amount, which is up to Rs. 50 lakhs
- Longer repayment period extending up to 20 years
- Multiple loan repayment options to suit customers’ need
- To avail the loan guarantors are not required
Shubham Housing Finance Home Loan Interest Rates
Shubham Housing Finance Home Loan interest rate ranges from 13.5% to 18% p.a. The interest rate of other Shubham Housing Finance home loan scheme is given as below:
| Shubham Housing Finance Home Loan Schemes | Interest Rate |
| Shubham Housing Finance Home Loan | 13.5% – 18% |
| Shubham Housing Finance Improvement Loan | 17% – 18% |
Shubham Housing Finance Fees & Charges
| Administrative & Operational Costs – At Login | Rs. 3600 (inclusive of GST) |
| Administrative & Operational Costs – At Disbursal | Up to 3 Lakh – Rs. 9500 + GST Above 3 Lakh and up to Rs. 6 Lakh – Rs. 13,500 + GST Above 6 Lakh and up to Rs. 10 Lakh – Rs. 18,000 + GST Above 10 Lakh and up to Rs. 12 Lakh – Rs. 27,000 + GST Above 12 Lakh – Rs. 27,000 + 3% of loan amount + GST |
| Duplicate Statement | Rs. 250 |
| EMI Payment Instrument Swapping Charges | Up to Rs. 500 |
| Duplicate Interest Certificate | Up to Rs. 250 |
| Copy of Property Documents | Up to Rs. 500 |
| Cheque/ECS/NACH/SI bounce charges | Rs. 500 |
| Partial Prepayment | NIL |
| Preclosure Charges | NIL |
| Cersai Charges | Loan up to Rs. 5 Lakh – Rs. 50 + GST Loan Above Rs. 5 Lakh – Rs. 100 + GST |
| Late Payment Interest | 2% interest on the outstanding amount |
| Property swapping charges | Rs. 3,000 |
Note: The figures given in the table are indicative and are subject to change without prior information. GST might be applicable on some of the above charges.
Shubham Housing Finance Home Loan Schemes
Shubham Housing Finance offers customized home loan products to suit the home loan needs of its customers. Some of them are discussed briefly as follows:
| Shubham Home Loans | Shubham Home Improvement Loans |
Shubham Housing Finance Home Loan
Shubham Housing Finance Home Loan is for individuals who have informal income and need funds to buy a house/plot/flat, construct a house or extend an existing property.
| Eligible Profiles | Customers with informal income |
| Loan Amount | Up to Rs. 20 Lakh and Rs. 50 Lakh for certain cities |
| Interest Rate | 13.5% – 18% p.a. |
| Loan Tenure | Up to 20 years |
| Administrative & Operational Costs | Up to 3% of the loan amount + GST |
Shubham Housing Finance Home Improvement Loan
Shubham Housing Finance Home Loan is for individuals who have informal income and need funds to renovate, repair or repaint their existing house.
| Eligible Profiles | Customers with informal income |
| Loan Amount | Up to Rs. 10 Lakh |
| Interest Rate | 17% – 18% p.a. |
| Loan Tenure | Up to 10 years |
| Administrative & Operational Costs | Up to 3% of the loan amount + GST |
Shubham Housing Finance Home Loan EMI Calculator
Home loans have long repayment period, which usually stretches up to 20 years. To ensure the loan is repaid on time, it is important that prospective borrowers plan their funds in advance. Paisabazaar’s Home Loan EMI Calculator can help you know your home loan EMI value in advance so that you can plan your finances accordingly and ensure timely payments without stretching your budget. The online tool is easy for anyone to use and provide quick results as per the input values given by the user. To know the home loan EMI Value, click here.
Shubham Housing Finance Eligibility Criteria
The eligibility criteria to apply for Shubham Housing Finance Home Loan are given as follows:
- The age of applicant should be 21 years of age but not more than 65 years at the time of loan maturity
- The applicant should have a bank account
- The applicant should reside in a city where Shubham Housing Finance’s office is situated
- All owners of the property being financed and all individuals whose income is considered for the loan should be co-applicants of the loan
Documents Required for Shubham Housing Finance Home Loan
The list of documents required to apply for Shubham Housing Finance Home Loan are as below:
- Duly filled application form along with photographs
- Proof of Identity such as PAN Card, Aadhaar Card, Voters ID Card, Passport, etc.
- Proof of Residence such as Aadhaar Card, Electricity bill, Ration card, Driving License, etc.
- Proof of Income, if available
- Bank Passbook or Bank Statements
- Property documents, if the property is identified
Check: Home Loan Documents Required
How to Apply for Home Loan Online
Customers can apply for Shubham Housing Finance Home Loan by visiting the nearest Shubham Housing Finance branch. Other ways to apply for the home loan is by applying for the loan at their website, by calling them on their customer care number or sending them an email on their registered email ID. Ensure to check your credit score and loan eligibility before applying for the loan to avoid unnecessary loan rejection. Prospective borrowers can add a co-applicant to improve their loan eligibility through joint home loan.
Shubham Finance Home Loan Customer Care
To report a complaint or clear any queries regarding home loan, the loan applicant or borrowers can visit the bank branch. However, the branch is closed on all Sundays, Bank Holidays and 2nd and 3rd Saturdays. The best time to visit the branch is between 9.30 a.m. and 6.30 p.m. Customers can also contact the representatives in the following ways:
- Call: 1800 258 2225
- Whatsapp Number: 8076241122
- Email: customercare@shubham.co
- Postal Address: Shubham House, 425, Udyog Vihar Phase-IV, Gurgaon, Haryana – 122015
Shubham Housing Finance Home Loan FAQs
What security is required to apply for Shubham Housing Finance Home Loan?
To avail the Shubham Housing Finance Home Loan, the security required could be the property you wish to buy or renovate or any other collateral or interim security as required. Before pledging the property, it is important for borrowers to ensure that the title to the property is clear, marketable and free from encumbrance.
Does Shubham Housing Development & Finance Company gives home loan balance transfer facility?
Yes, Shubham Housing Development & Finance Company offers home loan balance transfer facility to their customers. For more information on the same, customers can either visit their nearest branch or contact their housing loan expert.
What are the home loan repayment options?
Keeping customer’s convenience in mind, Shubham Housing Finance offers multiple home loan repayment options. Customers can repay their home loan either by issuing a standing instruction to their lenders to pay the instalments through NACH National Automated Clearing House) or ECS (electronic Clearing System).
Is part-prepayment allowed? What charges will be applicable?
Yes, part-prepayment is allowed anytime during the loan tenure. Also, there is no pre-closure penalty payable by the customer in case of partial or full prepayment.
After foreclosing the loan, when does the lender handover the original property documents?
Borrowers will get their original property documents along with an No Objection Certificate within 15 days form the foreclosure cheque clearance date.