Shubham Housing Finance Loan Against Property

Loan Against Property (LAP) is a loan facility offered by Shubham Housing Finance where a borrower can avail funds by keeping their property, either residential or commercial, as collateral. This loan can be used for various purposes such as business expansion, personal needs, education, medical expenses, etc.

The interest rates for Shubham Housing's LAP vary based on several factors like loan amount, tenure, property type and value, credit score, income, and the borrower's repayment capacity. The interest rate for LAP can range from 13.90% - 19% per annum.

The processing fee for Shubham Housing's LAP is up to 3% of the loan amount plus applicable taxes. Other charges such as prepayment charges, foreclosure charges, valuation charges, etc. may also apply.

The eligibility criteria for Shubham Housing's LAP varies for salaried individuals and self-employed professionals. Generally, an Indian citizen with a minimum age of 21 years and a maximum age of 65 years at the time of loan maturity, having a minimum net monthly income of Rs 15,000 and a good credit history is eligible to apply for LAP.

The necessary documents for Shubham Housing's LAP include identity proof, address proof, income proof (such as salary slips or bank statements), property documents (such as title deed or sale agreement), valuation report, etc. Additional documents may be required based on the borrower's profile and the loan scheme.