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Shubham Housing Finance Home Loan
Shubham Housing Finances offer many services like housing finance solutions for the Purchase of Property, Plot Purchase & Self-construction, Self-Construction, Refinance, and Enhancements.Powered By
Shubham Housing Finance Home Loan
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Here are a few factors
| 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 |
Required Documents to Apply for Piramal Finance Home Loan
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if new purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
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
- 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
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.
Start with SHUBHAM HOUSING FINANCE HOME LOAN in few steps
If you are planning to apply for a home loan at SHUBHAM HOUSING FINANCE HOME LOAN there are certain details that you should be aware of, Let’s discuss
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, you will receive your loan amount shortly.
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.
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