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    Shubham Housing Loan Reviews

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    Shubham Housing Loan is Rated as "Expected more" by 1 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    Shubham Housing Finance Overview:

    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 company was also one of the first organizations in India to provide customized credit program for every borrower instead of document-based underwriting. Customers are offered a step-by-step guidance on how to assess EMI affordability and about formal housing finance procedures. With over, 80 branches in 78 cities, Shubham Housing Finance Company has served over 8700 happy customers.

    With a trailblazer in home loan portfolio like Shubham Housing Finance by your side, you need not worry about any of the usual hassles associated with buying and financing a property.

    Shubham Housing Finance Home Loan Eligibility:

    • The applicant should be aged over 21 and not more than 65 years at the time of maturity of loan.
    • The borrower should have a functional bank account.
    • The applicant should be residing in a city where an office of Shubham Housing Finance is present.

    Shubham Housing Finance Home Loan Documentation:

    Having all the necessary documents handy will ensure a quick and efficient loan processing.

    The following documents have to be submitted for Shubham Home Loans.

    • Duly filled application form
    • Proof of identity like PAN Card, voter ID and passport
    • Address proof – ration card, electricity bill etc.
    • Property-related documents
    • Bank statements or passbook
    • Income proof documents, as applicable

    Shubham Home Loan Interest Rates:

    The interest rate for home loans is based on Shubham Housing Finance’s base rate, which is currently fixed at 12% per annum. Borrowers are offered home loan at an interest rate of 17% per annum. The interest is calculated on the basis of reducing balance. In case there is a change in the Shubham base rate, the interest rate for your home loan will be changed on the 1st day of forthcoming calendar quarter (1st of October, January, April or July)

    Shubham Housing Finance Home Loan Fees and Charges:

    Cheque Swapping ChargesRs.500
    Copy of Property DocumentsRs.500
    Duplicate Statement ChargesRs.100 per statement
    Duplicate copy of Interest certificateRs.100
    Cheque bounce penaltyRs.250

    Shubham Housing Finance Home Loan EMI Calculator:

    Customers can make use of an online housing loan EMI calculator to check if the EMI for the loan amount would be affordable. You just have to enter details like loan tenure, total loan amount, processing charges and interest rate. In an instant, the calculator will project the amortization details and the repayment schedule. You can make use of this information to help you plan your finances in advance. Also, you can keep changing the parameters till you arrive at a comfortable EMI. The repayment schedule will also help you plan your repayments accordingly.

    Features and Benefits of Shubham Home Loans:

    The following features and benefits offered by Shubham Housing Finance Company makes it the most sought-after product in the financial market when it comes to Home Loans.

    • High Loan Quantum:

      Shubham offers up to Rs.15,00,000 for home loans. What more – for select cities, the loan quantum is as high as Rs.20,00,000. This will be of great help to select a property of your choice.

    • Flexible Tenure:

      Customers can select a loan tenure up to 15 years. Borrowers can also opt for shorter terms after assessing their EMI affordability.

    • Multi-Purpose Loan:

      Shubham Home Loans can be used for self-construction, plot purchase, property purchase and loans takeover. Re-financing options and home enhancement loans are also available.

    • No Guarantor Required:

      Borrowers need not present a guarantor when applying for Shubham Home Loans which makes the process less complicated.


    1. Can I prepay my home loan? Will I be levied any penalty for pre-closure?

      Yes, customers can opt to make part of full prepayments. No penalty is levied for pre-closure of Shubham home loans.

    2. Will I be charged a home loan processing fee?

      Yes, the processing fee will have to be paid in two parts. Along with the application form, a nominal amount of Rs.1500 is to be paid. After the loan sanction, an amount equal to 3% of the total loan amount is to be borne by the borrower.

    3. How do I repay the housing loan?

      The monthly instalment amount can be paid either through Post Dated Cheques (PDCs) or through Electronic Clearing Service (ECS) as per the convenience of the borrower.

    4. How will the loan quantum and interest rate be decided?

      Shubham customer relationship managers will discuss in length about the applicant’s source of income, savings pattern and employment type. Based on this information, the customer’s affordability will be ascertained and a suitable loan quantum will be offered. The interest rate will be the rate as in the loan agreement.

    5. I am a salaried applicant. What do I have to submit as income proof?

      Salaried applicants will be asked to submit documents like salary slip, employment certificate and bank statement showing the salary credits.

    News About Shubham Housing Finance

    • Shubham Housing set to raise $100 million from PE funds

      Shubham Housing Development Finance Co. Pvt. Ltd. is looking to increase its loan portfolio and expand nationally. In this regard, it intends to raise around $100 million from private equity funds. The fund-raising process is in its initial stages now, and it is expected to be the company’s largest till date.

      Shubham Housing had previously raised Rs. 122 crore in September 2014. Since several PE funds are concentrating on areas like housing finance, SME lending, etc., the company assessed that the time is right to raise funds. Shubham has hired investment bank, Avendus Capital, to manage the fund-raising process.

      30th August 2016

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