BAJAJ FINSERV DIRECT LIMITED
✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 7.60%

Shubham Housing Finance Home Loan Balance Transfer

Opt for a Home Loan Balance Transfer Facility from Shubham Housing Finance on Bajaj Markets.

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Starting Interest Rate

10.90% p.a.

Max. Loan Amount

₹50 Lakhs
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Max. Tenure

30 Years

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.

Shubham Housing Finance Home Loan Balance Transfer Interest Rates

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

Interest Rate

10.90% p.a. onwards

Processing Fees

  • Up to ₹3 Lakhs- ₹9500 + GST 

  • For ₹3 Lakhs - ₹6 Lakhs- ₹13,500 + GST

  • For ₹6 Lakhs - ₹10 Lakhs - ₹18,000 + GST

  • For ₹10 Lakhs - ₹12 Lakhs - ₹27,000 + GST

  • Above ₹12 Lakhs – ₹27,000 + 3% of the loan amount + GST

Foreclosure Charges

Nil

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.

Particulars

Current Home Loan Details

Home Loan Details After Transfer

Loan Amount

₹50 Lakhs

₹50 Lakhs

Interest Rate

15% p.a.

10.90% p.a.

EMI Amount

₹65,839.48

₹51,269.58

In this example, let’s consider that Shubham Housing Finance offered you an interest rate of 10.90% p.a. This leads to a substantial drop in the instalment amount payable, which reduces to ₹51,269.58. Lower EMIs reduce the total cost of the loan and make managing your repayments easier.

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Features and Benefits

Attractive Interest Rates

The interest rate starts from 10.90% p.a. onwards, lowering your cost of borrowing

Flexible Repayment Terms

This facility offers a repayment tenure extending up to 25 years

No Foreclosure Charges

There is no prepayment fee associated with the balance transfer

Minimal Paperwork

You only need to submit basic documents to use the facility

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Eligibility Criteria and Documents Required

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

How to Apply?

Here is how to apply for a Shubham Housing Finance Home Loan Balance Transfer on Bajaj Markets:

  • Navigate to the ‘Apply Button’ and click on it

  • Enter personal details, including your full name, contact number, date of birth, etc.

  • Choose ‘Shubham Housing Finance’ from the list of loan providers

  • Select your preferred loan amount and repayment tenure

  • Submit the application form

  • Once you submit the form, a representative will reach out to you to take the process further

Disclaimer

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.

Frequently Asked Questions

How can I transfer my home loan balance at Shubham Housing Finance?

On Bajaj Markets, you can transfer your loan to Shubham Housing Finance through an easy online process.

You must submit all your original documents when applying for the balance transfer. These include your ID proof, address proof, income proof, and property-related documents.

Shubham Housing Finance offers fixed rates on the home loan balance transfer facility.

No. However, if you have a good credit score, you may qualify for a lower interest rate on your loan balance transfer.

Yes. The maximum tenure you can get with a Shubham Housing Finance Home Loan Balance Transfer is 25 years.

No, you do not have to pay a fee for an eligibility check or before initiating a loan offer.

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