Shubham Housing Finance Home Loan Interest Rates
Shubham Housing Development Finance offers a variety of home loans for different purposes including the purchase of a new/old house/flat, purchase of a plot with constructing a home, house construction on an already owned plot, home extension, and balance transfer, home loan for women.
The loan can be repaid within 25 years. On meeting the stipulated Shubham Housing Finance home loan eligibility criteria, you can get attractive Shubham Housing Finance home loan interest rates starting from 10.45% p.a. with affordable EMIs starting from just Rs. 902 per lakh.
Current Shubham Housing Finance Home Loan Interest Rates
Currently, Shubham Housing Finance home loan interest rates range from 10.45% per annum. The interest rates depend on various factors such as the borrower’s CIBIL score, income, loan amount requirement, and other eligibility factors. Shubham Housing Finance home loan rates of interest.
Shubham Housing Finance Home Loan Interest Rates for All Schemes in India
Shubham Housing Finance offers home loans for women and other categories of individuals. The interest rate are different for both schemes.
| Shubham Housing Finance Home Loan Schemes | Interest Rates |
| Shubham Housing Finance Home Loan | 10.45% p.a. |
| Shubham Shubh Shakti - Home Loans For Wome | 11.9% p.a. onwards |
Compare PNB Housing Home Loan Interest Rate with Top Banks
Comparing Shubham Housing Finance home loan interest rates with home loan interest rates of other top lenders can help you identify which option you should choose. Even a slight variation in interest rate can drastically impact your budget and home loan EMIs.
| Bank/NBFC | Rate of Interest |
| PNB Housing Finance Ltd. | 7.50% |
| State Bank of India | 7.25% |
| South Indian Bank | 8.70% to 11.70% p.a. |
| IDFC First Bank | 8.85% |
| Bajaj Finserv | 7.15% - 20.00% |
| ICICI Bank | 7.45% |
| HDFC Bank | 7.75% to 13.20% |
| Kotak Mahindra Bank | 7.70% |
| Axis Bank | 8.75% to 12.85% p.a. |
| Federal Bank | 7.30% |
| Tata Capital | {{TATACAPITAL_HL_INTEREST_RATE}} |
Factors Affecting Shubham Housing Finance Home Loan Interest Rates
Shubham Housing Finance is a housing finance company controlled by the policies of the National Housing Bank. It has its Retail Prime Lending Rate based on which it decides the individual home loan interest rates for its customers. Thus, every customer has a different interest rate structure depending on various factors, such as:
- The city where they live and purchase/construct the property.
- The amount of loan to be obtained.
- The value of the security (LTV Ratio).
- The occupation of the applicant (salaried or self-employed).
- The gender of the applicant.
- The income of the applicant (formal or informal sources)
- The repaying capacity (considering other liabilities)
- The credit rating of the borrower
How to Calculate Shubham Housing Finance Home Loan Interest and EMI?
You can use the Shubham Housing Finance Home Loan EMI Calculator by entering the following details to get the EMI and interest payable amount instantly.
- Principal loan amount
- Applicable interest rate
- Repayment tenure
FAQs
You can avail Shubham home loan up to Rs. 50 Lakhs depending on the city you live in, home loan amount, valuation of the property and your eligibility.
Yes. With Shubham Housing Home Loan Balance Transfer, you can reduce your EMIs by moving your high-interest outstanding home loan from another financial institute to Shubham.
No, Shubham Housing does not charge any preclosure penalty.
Yes, you can get an advantage on Income Tax rebate for PNB home loan as per the Indian Income Tax Act 1961.
You can repay the Shubham Housing Finance home loan EMI amount through Electronic Clearing Services (ECS) or National Automated Clearing House (NACH).
Yes, the borrower can request Shubham Housing Finance to alter the EMI instead of extending the loan tenure. Shubham Housing Finance does not charge any additional fees for such restructuring of the instalments.
Yes, income tax benefits are available as stipulated by the Income Tax.