Shubham Housing Finance

Shubham Housing Finance, Highlights 2023
Interest rates	9.90% to 16% p.a.
Loan amount	Up to Rs 50 Lakh
Repayment tenure	Up to 20 years

Note: Interest rates as of 29th March 2023

Table of Contents Interest Rates Compare interest rates offered by other lenders Fees & Charges Types of Shubham Housing Finance Home Loan Eligibility Criteria Documents Required EMI Calculator

Shubham Housing Finance Interest Rates

Shubham Housing Finance offers interest rates starting from 9.90% to 16% p.a.

Compare Home Loan Interest Rate Offered by Various Banks & HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.50% - 10.15%	8.50% - 10.05%	8.50% - 10.05%
HDFC	8.50% - 10.35%	8.50% - 10.60%	8.50% - 10.70%
LIC Housing Finance	8.45% – 10.10%	8.45% – 10.30%	8.45% – 10.50%
ICICI Bank	9.00%-9.80%	9.00%-9.95%	9.00%-10.05%
Kotak Mahindra Bank	8.85% onwards	8.85% onwards	8.85% onwards
PNB Housing Finance	8.50% - 14.50%	8.50% - 13.00%	8.50%-10.85%
Punjab National Bank	8.65%-9.60%	8.60%-9.50%	8.60%-9.50%
Bank of Baroda	8.50% - 10.65%	8.50% - 10.65%	8.50% - 10.90%
Union Bank of India	8.75% – 10.75%	8.75% – 10.95%	8.75% – 10.95%
IDFC First Bank	8.85% onwards	8.85% onwards	8.85% onwards
L&T Housing Finance	8.60% onwards	8.60% onwards	8.60% onwards
Bajaj Housing Finance	8.70% onwards	8.70% onwards	8.70% onwards
Tata Capital	8.95% onwards	8.95% onwards	8.95% onwards
Federal Bank	10.15%-10.20%	10.20%-10.25%	10.25%-10.30%

Shubham Housing Finance Home Loan Fees and Charges

Administrative & operational cost (at login additional) (to be taken only if the customer has identified the property and wish to pay upfront)	Rs 2,000
Administrative & operational cost (at login)	Rs 3,600 (inclusive of GST)
Administrative & operational cost (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 over and above 12 Lakh + GST
Duplicate statement (per statement)	Rs 250 + GST
EMI Payment Instrument Swapping Charges	Rs 500 + GST
Duplicate interest certificate	Rs 250 + GST
Copy of property documents	Rs 500 + GST
Cheque/ECS/NACH/Bounce charges	Rs 500 + GST (each)
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	NIL
Foreclosure statement charges	Rs 500 + GST

Types of Shubham Housing Finance Home Loans

Shubham Home Loan

• Purpose: To purchase a new/old house/flat or a plot to construct a home or construct a home on an already owned plot or extend a home to build extra space or additional floor.
• Loan amount: Up to Rs 50 Lakh
• Loan tenure: Up to 20 years

Shubh Yodha Home Loan

• Purpose: Special home loan scheme for Covid 19 frontline workers
• Loan amount: Up to Rs 20 Lakh
• Loan tenure: Up to 20 years

Shubh Shakti Home Loan

• Purpose: To help working women purchase their own home
• Loan amount: Up to Rs 50 Lakh
• Loan tenure: Up to 30 years

Shubham Housing Finance Home Loan Eligibility Criteria

For Shubham Home Loan

• Customers should be more than 21 years of age but not more than 65 years at the time of loan maturity.
• Borrowers should have a bank account.
• Borrower should be residing in a city where Shubham’s Office is located.
• No guarantor required.
• All the owners of the property being financed and all individuals whose income has been considered for the loan have to be the co-applicants to the loan.

For Shubh Yodha Home Loan

• Customer should be more than 21 years of age but not more than 65 years at the time of loan maturity
• The borrower should have a bank account
• The borrower should be residing in a city where Shubham’s office is located
• Employees working with municipal corporation / government employees, police, insurance companies
• MBBS doctors, Ayurvedic and Homeopathy doctors (with degree)
• Employees working in hospitals, maternity centres, medical laboratories, pharma companies
• Essential Service Providers: Local grocery stores, Atta chakki, Ration stores, Fruits-vegetables shops, chemist and super-markets
• Bank Employees Security guards
• Employees working as Plumber, Electrician in an apartment, group housing societies etc.
• Employees of e-commerce companies

For Shubh Shakti Home Loan

• The woman applicant must be the primary income contributor and the primary applicant to the loan
• The woman applicant must be the sole owner or one of the co-owners of the business
• Customer should be more than 21 years of age but not more than 65 years at the time of loan maturity
• Borrower should have a bank account
• Borrower should be residing in a city where Shubham’s Office is located
• All the owners of the property being financed and all individuals whose income has been considered for the loan have to be the co-applicants to the loan

Shubham Housing Finance Home Loan Documents Required

For Shubham Home Loan

• Application form with all required details filled in.
• Identity proof such as Pan Card, Voters ID Card, Passport.
• Address proof such as electricity bill, ration card.
• Income proof documents, if available.
• Bank pass book or Bank Statements.
• Property documents, if property is identified.

For Shubh Yodha Home Loan

• Application form along with the application fee
• Identity proof such as PAN card, Voter ID, Aadhar Card, Passport
• Address proof such as electricity bill, utility bill, and ration card
• Latest salary slip, if available
• Bank passbook or bank account statement
• Income Tax returns, if available
• Copies of the property papers

For Shubh Shakti Home Loan

For self-employed women:

• Application form with all required details filled in
• Identity proof such as Pan Card, Voters ID Card, Passport, Aadhar card
• Address proof such as electricity bill, ration card
• Income proof documents, if available
• Bank passbook or bank Statements
• Copy of the property papers

For salaried women:

• Application form with all required details filled in and application fee
• Identity proof such as PAN card, Voter ID, Aadhaar Card, Passport
• Address proof such as electricity bill, utility bill, ration card Latest salary slip, if available
• Bank passbook or bank account statement
• Income Tax returns, if available
• Copy of the property papers

Shubham Housing Finance EMI Calculator