Shubham Housing Finance Home Loan Balance Transfer

Transfer your existing housing loan to Shubham Housing Finance easily on Bajaj Markets. The lender focuses on providing loan facilities, especially for those with informal income sources. This transfer facility helps you lower your EMI burden and enjoy better loan terms. You can get a lower interest rate starting from 10.90% p.a. on your home loan with this balance transfer option. Furthermore, you can benefit from extended tenures of up to 25 years. Furthermore, you can opt for customisable EMIs which enables you to manage your loan better.

Check the following table to know about the interest rate and charges:

Disclaimer: The rates are subject to change at the lender’s discretion.

While the processing fee adds to the loan costs, a lower interest rate can help reduce your EMI burden and save more. Also, since there are no foreclosure charges involved, the repayment burden is reduced. Here’s a simple example to help you understand this better.

Assume that you have a home loan of ₹50 Lakhs at an interest rate of 15% p.a. The tenure for this loan is set at 20 years. In this case, the EMI payable is ₹65,839.48. The below table shows how transferring the loan to Shubham Housing Finance can help.

The eligibility requirements you need to fulfil are as follows:

• You must be between 21 and 70 years of age

• You must have a bank account

• You must reside in a city where Shubham Housing Finance’s office is located

Your credit score can also affect your loan eligibility. These individuals can be co-applicants to the loan:

• All the owners of the property being financed

• All individuals whose income is considered for the loan

Here is the list of documents required for Shubham Housing Finance Home Loan Balance Transfer:

• A duly filled application form

• Proof of Identity, such as PAN card, voter’s ID, and passport

• Proof of residence like an Aadhaar card, utility bills, and passport

• Documents of income proof

• Bank statements

• Property documents

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.