Shubham Housing Finance Loan Against Property

Below are the key details of the Shubham Housing Finance loan against property:

The charges associated with the Shubham Housing Finance loan against property are mentioned below:

• Interest rate: 14% - 23.60% p.a.
• Late payment charge: 24% p.a. on overdue EMIs.
• Administrative & operational costs at login: Up to Rs. 7,500.
• Administrative & operational costs at disbursal: Up to 3% of the sanction amount + GST.
• Partial/ full prepayment charges: 4% + GST on principal paid in excess of what is demanded as per the EMI schedule (for a loan given for business purposes). 
• LAP for construction & project finance: 2% on POS for closures via balance transfer.
• CERSAI charge: Rs. 50 + GST for loan up to Rs. 5 Lakhs & Rs. 100 + GST for loan above Rs. 5 Lakhs.
• EMI payment instrument swapping charges: Rs. 500 + GST.
• Copy of property documents: Rs. 1,000 + GST.
• Duplicate statement: Rs. 500 + GST per statement.
• Duplicate interest certificate: Rs. 500 + GST.
• Cheque/ ECS/ NACH/ SI bounce charges: Rs. 500 per instance.
• Property swapping charge: Rs. 3,000 + GST.
• Charges for non-availability of repayment instrument: Rs. 500 + GST.
• Foreclosure statement charges: Rs. 1,000 + GST.
• EMI due collection charges: Rs. 400 + GST. 
• Repayment schedule fee: Rs. 500 + GST.
• Outstanding enquiry: Rs. 500 + GST.
• Closed loans property documents custodial fee: Rs. 1,000 p.m. (post 60 days from closure date) + GST.
• Duplicate No Dues Certificate: Rs. 500 + GST.
• List of documents: Rs. 500 + GST. 
• Property revisit valuation fee: Rs. 1,500 + GST.
• Valuation fee in construction-linked loan: Nil for first visit & Rs. 700 + GST for subsequent visits.
• Document retrieval charges on loan closure: Rs. 1,000 + GST.
• Additional security creation charges: Rs. 1,000 + GST.
• Revaluation charge for NPA cases: Rs. 1,350 + GST.
• Legal & statutory charges: As per actual (if any). 
• Additional search charges for delayed disbursement: Up to Rs. 1,000 depending on the SRO Office + GST.
• Administrative charges for interest rate type switchover: Rs. 5,000 + GST.
• Documentation charge: Rs. 2,000 + GST for execution of the digital loan agreement with e-stamp for Maharashtra & Rs. 1,000 + GST for other states.
• NESL data submission: Rs. 50 + GST.

• Shubham Housing Finance loan against property can be used by individuals as well as businesses for multiple purposes, such as starting a new/ expanding the existing business, funding your child’s education, funding a dream vacation, funding any medical emergency, wedding, etc.
• The maximum loan amount offered under a loan against property is up to Rs. 50 Lakhs. 
• The loan against can be repaid in easy EMIs within a convenient repayment tenure of up to 15 years, as per your source of income. 
• The loan is offered at affordable rates of interest starting from 14% p.a.
• The loan EMIs can be paid through Electronic Clearing Services (ECS) or National Automated Clearing House (NACH).
• There is zero prepayment penalty if the loan is used for personal purposes.
• Easy balance transfer and transparent application process.
• You can avail a top-up loan on an existing loan against property if you have made timely EMI repayments for the current property loan.
• You can apply for the loan jointly with an earning co-applicant (spouse or parents) to boost your eligibility and take advantage of a higher loan amount.

The eligibility for a loan against property offered by Shubham Housing Finance is as follows:

• Age: The applicant should be above 21 years of age when applying for the loan and not more than 65 years at the time of loan maturity.
• Bank account: The applicant should have an active bank account.
• Location: The applicant should be residing in a city where Shubham’s office is located.
• Guarantor: No guarantor is required.
• Co-applicants: All the owners of the property being financed and individuals whose income has been considered for the loan must be the co-applicants to the loan.
• Types of property: Types of properties accepted for loan are residential properties (owned houses/ flats/ apartments), commercial properties (shops/ offices/ commercial spaces used for business purposes), and self-occupied/ rented properties (occupied by the owner/ rented out).

The documents required for a loan against property offered by Shubham Housing Finance are as follows:

Documents required for salaried employees:

• The application form with the required details filled in and the application fee. 
• Identity proof, such as PAN Card, Voter ID, Adhaar Card, or Passport.
• Address proof, such as an Electricity Bill, Utility Bill, or Ration Card.
• Latest salary slip (if available).
• Bank Passbook/ Bank Account Statement.
• Income Tax Returns (if available).
• Copies of the property papers.

Documents required for self-employed individuals:

• The application form with the required details filled in and the application fee. 
• Identity proof, such as PAN Card, Voter ID, or Passport.
• Address proof, such as an Electricity Bill or Ration Card.
• Income proof documents (if available).
• Bank Passbook/ Bank account statement.
• Income Tax Returns (if available).
• Property documents (if the property is identified).

Below are the steps of an easy online process to get instant approval with Shubham Housing Finance for a loan against property:

• Apply online from Shubham Housing Finance’s website, and their representative will reach out to you, or you can visit their branch nearest to you.
• Shubham’s representative will visit your work/home place to explain the product and process and collect the required documents.
• Your documents will be evaluated, after which the representative will have a discussion with you and do the necessary checks. 
• If everything is in place, submit the remaining documents, and your loan will be disbursed.

Below are the Shubham Housing Finance loan against property customer care details:

• Call on: 1800 258 2225 
• Email at: customercare@shubham.co
• Corporate office address: Shubham House, 425, Udyog Vihar Phase - IV, Gurgaon, Haryana
• Registered office address: 608 and 609, 6th Floor, Block - C, Ansal Imperial Tower, Community Centre, Naraina Vihar, New Delhi - 110028