Shubham Housing Finance - 10.45% for Home Loan - New Purchase Home Loan

Shubham Housing Finance Home Loan:

Shubham Housing Finance offers Home Loans for up to Rs 50 Lakh, at interest rates between 10.45% to 16% p.a.* for repayment tenures of up to 20 years.

The HFC also provides the facility of Home Loan Balance Transfer.

Interest Rate	10.45% to 16% p.a.*
Processing Fee	0.50% onwards of the loan amount
Loan Amount	Up to Rs 50 Lakh
Loan Tenure	Up to 20 years

 

Key Features of Shubham Housing Finance Home Loan:

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. No hidden charges

 

This loan can be taken for the following purposes:

1. Purchase of a new or old house/flat

2. Purchase of new plot along with constructing a home on your own

3. Constructing a home on an already owned plot

4. Home extension to add a room, build extra space or add an additional floor to your already existing property

5. Loan transfer

 

Shubham Housing Finance Home Loan Interest Depends Upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income.

Higher the income, lesser will be the rate.

 

2. Type of loan opted for:

Shubham Housing Finance also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Shubham Housing Finance offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

Shubham Housing Finance: Apply

Apply for an Shubham Housing Finance Home Loan easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare Shubham Housing Finance rates with other banks before choosing the best deal for your home loan needs.

 

Shubham Housing Finance Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Types of Shubham Housing Finance:

1. 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

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.

 

2. 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

Eligibility Criteria For 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

 

3. 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

Eligibility Criteria For 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

 

Frequently Asked Questions:

Q. Who can be a co-applicant for my housing loan?

Ans. Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan.

Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount.

 

Q. How do I increase my eligibility for the loan?

Ans. You can increase your eligibility by any one or more of the following ways: adding a co-applicant, declaring other sources of income, repaying all your existing loans, or even by opting for a longer tenure.