Shubh Personal Loans Eligibility

At present, Shubh Loans finances the personal loan requirements of the salaried class alone. It is an ideal platform for those salaried employees who do not have proper access to bank or institutional finance. The eligibility norms of Shubh Loans is straightforward.

• Any salaried person drawing the pay of Rs 12,000 or more per month is eligible for a personal loan with Shubh Loans.
• Applicants can apply for the Shubh Loans only through the dedicated mobile app. Hence, downloading and registering themselves on the app is imperative.
• As on date, Shubh Loans does not provide financial assistance to self-employed people. However, in the future, they might do so.
• Shubh Loans is not available in all cities of India. It is active in Bengaluru, Chennai, Mumbai, Delhi NCR, Hyderabad, Kolkata, Pune, Ahmedabad, Jaipur, Chandigarh, Mysore, Coimbatore, and Nashik.
• The borrower should be a minimum of 21 years of age when applying for assistance on the Shubh Loans app. The maximum age of the borrower at the maturity of the loan should not exceed 60 years.
• Shubh Loans has a specified mode of calculating your credit score based on the data you provide. Applicants should have a satisfactory credit score for being eligible for Shubh loans. However, if the customer meets the internal policies of Shubh Loans, the company can approve the loan irrespective of the CIBIL score.
• The applicant should provide the essential documents to prove their identity, residential address, and income.
• The applicant has to upload the bank statement, as well to complete the application process.
• Shubh Loans provide personal loans from Rs 25,000 to Rs 5 lakhs with a repayment tenure in the range of one to four years.
• The rate of interest can range from 1.25% to 2% per month, depending on the credit rating of the borrower.

The applicants have to upload the following documents when applying for the personal loan from Shubh Loans.

• KYC Documents - Proof of identity - Aadhar Card and PAN card
• Income Proof - Bank account statement for the last three months showing salary credits

On the approval of the loan, the borrower has to upload the following documents on the app.

• Latest salary slip
• Proof of residence - Any valid Government KYC document or post-paid mobile bill or electricity bill or rental agreement

Shubh Loans charges interest @ 1.25% to 2% per month depending on the credit rating of the borrower. The higher the score, the better is the interest rate.

• Shubh Loans is the ideal place for the unserved and the underserved segment of society to apply for financial assistance.
• Shubh Loans provides personal loans to salaried employees of small companies, as well. Such employees do not have any access to banks and financial institutions.
• The applicant need not specify any reason when applying for the personal loan. Shubh Loans offers financial assistance to cater to all the individual requirements of the applicant.
• The loan approval process is a transparent one, as the applicant is informed immediately about the fate of the loan application.
• The approval is quick, and the disbursal is a speedy one, as well. The amount gets credited to the salary account within two days
• Repayment of the loan is also easy. Setting up a standing instruction to debit the instalment is the ideal way to repay the loan.
• Shubh Loans app offers the highest degree of privacy and data security. The company does not use your data in any way other than the one for which it is intended.
• The app is available in multiple vernacular languages, thereby making it easy for all to apply for personal loans.
• The borrower gets the advantage of flexible repayment plans ranging between one and four years.
• The best aspect of the Shubh Loans app is that it is a lightweight app. It works with 2G as well.

Shubh Loans has representatives in each of the 13 cities in which it is active. Apart from that, customers can contact the registered office of the company directly through telephone or email.

• Address - Datasigns Technologies Pvt Ltd. NOVA MILLER, 333, Thimmiah Road, Vasanth Nagar, Bengaluru 560052
• Phone - +91-8880752752
• Email - support@shubhloans.com