Shubham Housing Finance Home Loan

Below are the key details of the Shubham Housing Finance home loan:

Here are the main features and benefits offered by Shubham Housing Finance home loans:

• Purpose: Buying a new/ pre-owned house/ flat, purchasing a new plot and constructing a dream home, building a home on an already owned plot, extending the current home by adding a room/ creating extra space, and balance transfer of your existing home loan.
• Loan Amount: You can avail a home loan amount up to ₹50 Lakhs, depending on the city you live in, your requirement, and the valuation of the property.
• Repayment Tenure: The maximum tenure offered by Shubham for a home loan is up to 30 years.
• Balance Transfer: Home loan balance transfer can help you reduce your EMIs by shifting your outstanding loan from other financial institutions toShubham Housing Finance.
• Repayment Options: The borrowed home loan amount can be repaid comfortably in EMIs through Electronic Clearing Services (ECS) or the National Automated Clearing House (NACH).
• Easy Application: The home loan process is 100% hassle-free, and the loan can be processed quickly with less documentation.

Shubham Housing Finance offers home loans at competitive interest rates ranging from 10.45% to 20.60% per annum. For the current interest rate, refer to the schedule of charges document under policies & codes on Shubham Housing Finance’s website.

Current Shubham Housing Finance Interest Rates

The charges associated with the Shubham Housing Finance home loan are mentioned below:

• Late payment charge: 24% p.a. on overdue EMIs.
• Administrative & operational costs at login: Up to ₹7,500.
• Administrative & operational costs at disbursal: Up to 3% of the sanction amount + GST.
• Partial/ full prepayment charges: Nil.
• CERSAI charge: ₹50 + GST for loan amount up to ₹5 Lakhs & ₹100 + GST for loan amount above ₹5 Lakhs.
• Duplicate statement: ₹500 + GST per statement.
• EMI payment instrument swapping charges: ₹500 + GST.
• Duplicate interest certificate: ₹500 + GST.
• Copy of property documents: ₹1,000 + GST.
• Cheque/ ECS/ NACH/ SI bounce charges: ₹500 per instance.
• Charges for non-availability of repayment instrument: ₹500 + GST.
• EMI due collection charges: ₹400 + GST. 
• Property swapping charge: ₹3,000 + GST.
• Outstanding enquiry: ₹500 + GST.
• Repayment schedule fee: ₹500 + GST.
• List of documents: ₹500 + GST. 
• Foreclosure statement charges: ₹1,000 + GST.
• Closed loans property documents custodial fee: ₹1,000 p.m. (post 60 days from closure date) + GST.
• Valuation fee in construction-linked loan: Nil for first visit & ₹700 + GST for subsequent visits.
• Property revisit valuation fee: ₹1,500 + GST.
• Document retrieval charges on loan closure: ₹1,000 + GST.
• Duplicate No Dues Certificate: ₹500 + GST.
• Additional security creation charges: ₹1,000 + GST.
• Statutory charges: As per actual (if any). 
• Legal charges: As per actual (if any).
• Revaluation charge for NPA cases: ₹1,350 + GST.
• Search charges for delayed disbursement: Up to ₹1,000 depend on the SRO Office + GST.
• Loan documentation charge: ₹2,000 + GST for execution of the digital loan agreement with e-stamp for Maharashtra & ₹1,000 + GST for other states.
• Administrative charges for interest rate type switchover: ₹5,000 + GST.
• NESL data submission: ₹50 + GST.

Here are the eligibility criteria for the Shubham Housing Finance home loan:

• Age: The applicant should be aged at least 21 years when applying for the loan and not more than 70 years at the time of loan maturity.
• Bank account: The applicant must have a valid bank account.
• Residency: The applicant should be residing in a city where Shubham Housing Finance's office is located.
• Guarantor: No guarantor is required for the loan.
• Co-applicants: All owners of the property who are being financed and all individuals whose incomes are considered for the loan must be co-applicants for the loan.

Shubham Housing Finance requires a duly filled application form along with the following documents for a home loan:

• Application form: With all required details filled in.
• Identity proof: Such as PAN Card/ Voter’s ID Card/ Passport.
• Address proof: Such as Electricity Bill/ Ration Card/ Passport.
• Income proof: If available.
• Banking documents: Bank Passbook/ Bank Statements.
• Property documents: If the property is identified.

Below are the easy steps to apply for a Shubham Housing Finance home loan:

• Apply online, and Shubham’s representative will get in touch with you or visit your nearby Shubham Housing Finance branch.
• A representative will come to your work/home place to explain the product and process and collect the documents.
• The lender will evaluate your documents, have a discussion with you and do the necessary checks. 
• Submit the remaining documents, and your loan will be disbursed.

Below are the Shubham Housing Finance home loan customer care details:

• Call on: 1800 258 2225 
• Drop an email at: customercare@shubham.co