Here are a few factors
|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:
TAT: 1 Day to 3 Days
|Foreclosure Charges||1% - 3%|
|Part Payment Allowed||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 %||28 %|
|Emi (monthly)||₹ 9,651|
|Total Interest||₹ 15,807|
|Loan Amount + Interest||₹ 115,807|
|Year||Total Principal |
( A )
|Total Interest |
( B )
( A + B)
|Total Payment||Loan Paid Till Date (%)|
|₹ 22,469||₹ 6,484||₹ 28,953||₹ 77,531||22.47 %|
|₹ 77,537||₹ 9,322||₹ 86,859||₹ 0||100.01 %|
Required Documents to Apply for My Shubh Life Personal Loan
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
Start with My Shubh Life Personal Loan in few steps
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
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 calculatedFor 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.
(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%|
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