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.
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.
The interest rate for home loans ranges from 13.50% to 18% p.a
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.
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.
Shubham offers loans ranging from Rs.20 lakh to Rs.50 lakh depending on the city.
Customers can select a loan tenure up to 20 years. Borrowers can also opt for shorter terms after assessing their EMI affordability.
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.
Borrowers need not present a guarantor when applying for Shubham Home Loans which makes the process less complicated.
Yes, customers can opt to make part of full prepayments. No penalty is levied for pre-closure of Shubham home loans.
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.
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.
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.
Salaried applicants will be asked to submit documents like salary slip, employment certificate and bank statement showing the salary credits.
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