Avail of instant personal loan from Shubh Loans with minimum documents. Get quick disbursal to your bank account and repay in tenure up to 5 years.
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.
The applicants have to upload the following documents when applying for the personal loan from Shubh Loans.
On the approval of the loan, the borrower has to upload the following documents on the app.
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 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.
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
The company has tie-up arrangements with RBL Bank, Incred, IDFC Bank. Fullerton, and DCB Bank, and so on to cater to the loan requirements.
Shubh Loans caters to all the personal needs of its clients. The requirements can range from children's education, medical expenses, marriage expenses, and all kinds of emergencies. The borrower should ensure that he/she does not use the loan for speculative activities.
No, Shubh Loans does not have any product to finance the requirements of self-employed persons. The company does not sanction any business loans. As on date, the company offers personal loans to salaried individuals alone. In the future, the company might start providing loans to self-employed individuals, as well. The company will notify its customers through an app notification in this regard.
All types of salaried individuals can apply for a personal loan from Shubh Loans. The applicant should satisfy the following elementary requirements.
Yes, Shubh Loans is a reputed personal loan provider active in 13 cities in India. The company follows strict security measures when seeking information from the client. It is safe for the client to part with details like name, residential address, PAN card and Aadhar card details, and bank account.
Yes, the bank account statement is an essential document that can prove the credit of the salary. It also provides information on your other loan deductions, if any. Secondly, the company disburses the loan through proper banking channels alone. Hence, providing the bank account details is compulsory for the applicant when applying for a personal loan from the company. The repayment is also through the bank account of the applicant.
Yes, the app is a safe one, as it does not use your data for any other purpose. The company does not store your credentials, thereby ensuring that the data you share remains secure. The company provides two straightforward options for uploading the bank statement. Reserve Bank of India provides for a reliable method for sharing your bank account statement with a registered lender. Customers can upload the bank statement using internet banking or through e-statements.
The borrower has a couple of options for repaying the personal loan. The first option is to provide post-dated cheques. Alternatively, the borrower can set up a standing instruction on the savings account. It enables the company to recover the instalment on the due date. There are no facilities for making payments in cash.
As on date, Shubh Loans is active only in the 13 cities listed out on the app. The company does not provide any loans to persons residing in cities and towns apart from this list. However, the company is in the process of expansion. It can add new cities in the future. The company will inform the customers of additions if any, through the mobile app notification.
The customer can check out the town by entering the pin code. The app will not proceed further if it finds that the city is not listed among the existing ones.
No, Shubh Loans is a mobile app-based financing company. Customers cannot apply for personal loans in any other way. The only way to apply for assistance from the company is through the dedicated mobile app.