My Shubh Life Personal Loan

Here are a few factors

Product Rating

( 4.4 /5 )

Total - 416 ratings

5
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Location PAN INDIA
CIBIL Score 550+
Minimum Salary Per Month 12000+
Salary Mode NEFT,RTGS &COMPANY TRANSFER
Applicant Age 21 Year to 60 Year
Loan Amount & Tenure 50000 to 2 Lac
(3 Month to 24 Month)
Rate of Interest (Type) 28% to 44% (Reducing)
Processing Fees 1% - 3%
Processing Mode & TAT Processing: Online
TAT: 1 Day to 3 Days
Foreclosure Charges 1% - 3%
Part Payment Allowed No
OD Product No
BT+TopUp No
Minimum Job Experience 3 month
Current Employer Business Vintage 3 month
FOIR 65% of Salary
Whether Co-Applicant Mandatory No
USP Funding to All Employee
Negative Profile 1. NRI Employee 2. NGO Employee 3. Cash Salary

My Shubh Life Personal Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate

%

Loan Tenure

Mo
Loan Amount100,000
Interest %28 %
Tenure (months)12
Emi (monthly)9,651
Total Interest15,807
Loan Amount + Interest115,807
YearTotal Principal
( A )
Total Interest
( B )
Balance
( A + B)
Total Payment Loan Paid Till Date (%)
22,4696,48428,95377,53122.47 %
Oct7,3182,3339,65192,6827.32 %
Nov7,4882,1639,65185,19414.81 %
Dec7,6631,9889,65177,53122.47 %
77,5379,32286,8590100.01 %
Jan7,8421,8099,65169,68930.31 %
Feb8,0251,6269,65161,66438.34 %
Mar8,2121,4399,65153,45246.55 %
Apr8,4041,2479,65145,04854.95 %
May8,6001,0519,65136,44863.55 %
Jun8,8018509,65127,64772.35 %
Jul9,0066459,65118,64181.36 %
Aug9,2164359,6519,42590.58 %
Sep9,4312209,6510100.01 %
Stay Prepared Before Hitting that Apply Button

Required Documents to Apply for My Shubh Life Personal Loan

Documents Required

  • KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
  • Last 3 month Salary Slip
  • Last 6 month Bank Statement in PDF
  • Form 16 of last 2 year
  • Rent Agreement if rented or Utility Bill if residence is owned
  • Sanction Letter of all current running loan if any
  • Office ID Card or Official EMAIL ID if any

My Shubh Life Customer Care

Contact No. :- 9019900199

Email :- [email protected]

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T& C apply.
Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

A personal loan is an unsecured loan that you can get from their website to meet your unexpected financial obligations. The loan will be disbursed after a few hours of approval.

No, My Shubh Life only offers personal loans to salaried individuals.

Yes, After half the term of your current My Shubh Life personal loan has passed, you can apply for a top-up loan. If you have half repaid your existing loan, please email our support team at [email protected], and they will enable you to apply for a top-up loan.

My Shubh Life personal loan disbursement will occur within two days of getting your documents verified by the bank officials.

Once the My Shubh personal loan gets approved, you will receive it within two working days.

The ROI of a My Shubh Life Personal Loan is 28% onwards per annum

The highest loan amount you can avail with My Shubh Life Personal Loan is Rs. 2 Lacs

The minimum loan amount you can avail of with a My Shubh Life Personal Loan is Rs. 5000.

The processing fee for My Shubh Life personal loan is 1% to 3% of your loan amount. 


The minimum repayment tenure of My Shubh Life Personal Loan is 3 months.

The maximum repayment tenure of My Shubh Life Personal loan is 24 months.

Yes, you can apply for a My Shubh LifePersonal Loan anywhere from India as it holds a PAN India access

The minimum required salary to apply for a My Shubh LifePersonal Loan is Rs. 12,000 Monthly. 


To apply for My Shubh LifePersonal Loan your Minimum CIBIL score must be 650

No, to apply for  My Shubh LifePersonal Loan your Minimum CIBIL score must be  650

Yes, to apply for My Shubh LifePersonal Loan your Minimum CIBIL score must be  650

You can go to the official website of My Shubh Life Or you can also switch to ReferLoan for an easy and smooth loan application process. 

The acceptance of a low CIBIL score depends on case to case. 

The minimum required age to apply for a My Shubh LifePersonal Loan is 21

The maximum required age to apply for a My Shubh LifePersonal Loan is 60

Yes, My Shubh Life does offer funding to the Proprietorship Firm Employees.


Yes, My Shubh Life does offer funding to the Partnership Firm Employees.

If you plan to apply for a My Shubh LifePersonal Loan, your minimum employment period must be 3 months.

The minimum vintage of the applicant’s employer must be 3 months to apply for a My Shubh LifePersonal Loan


No, it is not mandatory to provide a Co-applicant to apply for a My Shubh LifePersonal Loan

No, My Shubh Lifedoesn’t fund NRIs for Personal Loans.


Yes, people working as Security Guards can apply for My Shubh Life’s Personal Loan.

Yes, people working as Delivery Boys can apply for My Shubh Life’s Personal Loan.

Yes, people working in the Municipality can apply for My Shubh Life’s Personal Loan.

Yes, people working in Financial Consultancy can apply for My Shubh Life’s Personal Loan.


Yes, people working in Legal Firms can apply for My Shubh Life’s Personal Loan.


Yes, people working in the Police can apply for My Shubh Life’s Personal Loan.

Yes, people working in the Gem and Jewellery sectors can apply for My Shubh Life’s Personal Loan.

No, partial payments are not allowed with My Shubh Life Personal Loan.

Yes, Foreclosure is allowed for My Shubh LifePersonal Loans.

Yes, You can apply for a My Shubh Life Personal Loan if you receive your salary through NEFT


Yes, You can apply for a My Shubh Life Personal Loan if you receive your salary through RTGS

Yes, You can apply for a My Shubh Life Personal Loan if you receive your salary through Company Transfer. 

Yes, You can apply for a My Shubh Life Personal Loan if you receive your salary through IMPS

No, you can’t apply for a My Shubh LifePersonal Loan if you receive our salary in cash.


You can’t apply for a My Shubh LifePersonal Loan if you receive your salary through UPI. 

       It takes 3 days for the disbursement of a personal loan

  My Shubh Life Takes 1 day for the confirmation of a personal loan

Yes, you can apply for a My Shubh Life Personal Loan online 

     The customer care number of My Shubh Life is 91 9019900199