Shubham Housing Finance

Last Updated : April 28, 2017, 2:48 p.m.

Shubham Housing Finance Home Loan

Shubham Housing Finance Company offers home loans to those with informal incomes. This housing finance company has made it possible for people to avail cost-effective home loans and has also replaced the document-based underwriting with a customized credit program for each of its customers. Shubham Housing Finance Home Loan offers finance solutions that best fit the customers need for having an accessibility of better and safer homes. After taking a holistic view of the customers such as where do they come from, what they do, how much they earn, spend and save helps the company to assess the amount of EMI they need to pay every month.

Home Loans offered by Shubham Housing Finance can be taken for the following purposes:

• Takeover of loans
• Purchase of property
• Plot purchase for constructing your home
• Self-construction of your home
• Refinance of your home
• Enhancement of your existing home

Shubham Housing Finance Home Loan Eligibility Criteria

You can analyze your affordability before applying for home loans. Use Shubham Housing Finance Eligibility Calculator for knowing how much EMI you can afford to pay from your monthly savings. The parameters on the basis of which Shubham Housing Finance Eligibility Calculator works are monthly income, tenure, expected interest rate and existing liabilities which will help you decide for the loan amount to apply.

Suppose you are working in an MNC and earning a monthly salary of ₹ 70,000. Out of which, you save ₹ 20,000 that will be used for repaying your home loan EMIs. Ideally, EMIs fall in the bracket of 50%-60% of your net salary for disbursing the higher amount of loan.

So, now, if you calculate your amount, tenure, and rate of interest, you will get to know your EMIs that you will have to pay every month so as to repay the loan amount that you are eligible for.

Amount- ₹ 1,00,000

Rate of Interest-12% -18% p.a.

Loan Tenure-10 Years

Per Lac EMI- ₹ 1,435 – 2,135

Loan Amount Eligibility- ₹ 100,000 x savings/per lac EMI

– ₹ 100,000 x 20,000/1,435 = ₹ 14 lacs(approx.)

– ₹ 100,000 x 20,000/2,135 = ₹ 9.37 lacs(approx.)

So, the expected home loan amount from Shubham Housing Finance amounts to ₹ 9.37 lacs – 14 lacs (approx.)

Shubham Housing Finance Home Loan EMI Calculator

How much expensive your home loan would be? Now, with the help of Shubham Housing Finance EMI calculator, you can determine the EMI for your loans. All you have to do is assess your eligibility and the applicable EMI for the amount of loan you wish to take from Shubham  Housing Finance by entering the below details:

• Loan amount
• Tenure
• Interest rate

Once you fill in the above data, a complete information about the EMI, total interest outgo, and the total amount will be clear.

For example, if you are interested in availing a loan amount of ₹15 lakhs repayable after 10 years at an interest rate of 15% p.a. The details on your calculated EMI along with interest and the total amount that costs you against your sanctioned home loan will be as follows:

Table showing EMI, interest outgo and total amount payable on your home loan

Amortization Table

Documentation

Features and Benefits of Shubham Housing Finance

• Borrowers need to have their Bank account
• Borrowers should be residing in a city where Shubham has an office
• No Guarantors required
• All the owners of the property being financed and all individuals whose income has been considered for the loan have to be the co-applicants to the loan
• Attractive Interest Rates
• Hassle Free Documentation Process
• Long Lasting Customer Relationship

Shubham Housing Finance Contact Number

Want to inquire about your eligibility criteria for availing sanctioned home loan, unavailability of the document to produce as evidence or want to know about the prevailing interest rate? An experienced customer care representative of Shubham Housing Finance is here to answer all your queries. Call on: 0124 421 2530/31/32 or write an email at the email address displayed on the website.