Here are a few factors

Rating 4.7 /
Total - 536 ratings
5
387
4
128
3
16
2
5
1
0
Location 50Km from Branch
CIBIL Score 450+ & Minus 1 CIBIL applicant
Applicant Any Salaried & Self Employed
Applicant Age Salaried-21 Year to 60 Year, Self Employed-23 Year to 65 Year
Loan Amount & Tenure 5 Lac to 50 Lac
(5 Year to 25 Year)
Login Fees 4000+
Rate of Interest & Type 10.50% to 14.75% (Reducing)
TAT 15 days
Processing Fees 2%+GST
Insurance & Other Charges Insurance Charges:2%-4% 
Foreclosure Charges Nil
Minimum Income Which is fit to cover EMI 
Lock In Period 6 Month
Part Payment Allowed Yes
Home Loan OD Product No
LTV Loan amount <30 Lac-90%, >30- 80% of Property Value
Product BT+Top UP, Fresh Loan, Plot Purchase+Construction, Seller BT
Program LIP-70 Lac, Without ITR-50 Lac, Income Program-50 Lac
CO - Applicant Yes
FOIR Any Income sufficient to cover EMI
Negative Profile Applicant living in dominated area,Politician, NRI 
Funded Property Type (i) Residential Property (ii)Residential Plot Purchase & Construction
Negative Property Plot Purchase,GPA Property, Auction Purchase, Stand Alone Basement
Accepted Collateral Khasra-Khatauni Property, Lal Dora Property, Un-approved Property, Gram Panchayat Property, Legal & technical not clear, Bachha Flat,Basement with 1st Floor,Sub-divided Property,Without MAP Property,Subject to Sale Deed,Regularized Colony, Approved Property, Ground+4th Floor, Stone Slab Property
Business Vintage for Self Employed Person 1 Year
Minimum Job Experience for Salaried Person 1 Year
Experience with Current Employer 3 Month
Any Specfic Product for Professionals No
USP 1.Funding on Low CIBIL Score & all type of property
2. Funding on Cash Salary 
Additional 1. No Funding to plot Purchase
2. Funding on Ground+4th floor too
Right Documents - Easy Process

Required Documents to Apply for Piramal Finance Home Loan

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • Approved MAP of Property if available
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if new purchase case
  • Property Paper with complete chain of last 13 years
  • Approved MAP of Property if available
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required

Benefits of Home Loan from Shubham Housing Finance

There are several benefits of a Shubham Housing Finance, as follows:

Our process is 100% efficient and hassle-free

Loan can be processed quickly with less documentation

Can avail of long tenure loans

Can opt for customizable EMI's

Low processing fees

No prepayment penalties

Transparent application process

Flexible repayment options

About Shubham Housing Finance

With an aim to empower and provide Home Loans to those with low income Shubham Housing Finance has been pioneering in India. It is one of the first companies in India to provide customized credit programs for every borrower instead of document-based underwriting. Customers are given step-by-step instructions on determining the affordability of their EMIs and official housing financing procedures.

Shubham Housing Finance Company has served more than 8700 satisfied clients and has more than 80 branches in 78 cities. You won't have to worry about any of the typical difficulties involved in purchasing and financing a house when you have a pioneer in the home loan industry like Shubham Housing Finance on your side.

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, you will receive your loan amount shortly.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

Yes, you can get a Home Loan to construct a new floor on the existing property.

If you meet the eligibility criteria of Shubham Housing Finance, then you can easily get a Home Loan.

EMI amount can be paid through Electronic Clearing Services (ECS) and the National Automated Clearing House (NACH).

No, Shubham Housing Finance doesn’t charge any prepayment penalty on their Home Loans.

Yes, providing income proof is mandatory to avail of any sort of loan, as it represents your credibility whether you are financially stable or not to repay the loan amount on time every month.