BAJAJ FINSERV DIRECT LIMITED

Shubham Housing Finance Loan Against Property Balance Transfer

Transfer your existing loan against property to Shubham Housing Finance. Enjoy lower EMIs, competitive interest rates, and flexible repayment options on Bajaj Markets.

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Starting Interest Rate 13.90% p.a.
Max. Loan Amount 20 Lakhs
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Max. Tenure 15 Years

Transfer the balance of your existing loan against property to Shubham Housing Development Finance Company Ltd. on Bajaj Markets. This option allows you to leverage your property’s value at better terms by transferring the loan up to 20 Lakhs and the property held as collateral. 

You can save more on your existing loan costs with low interest rates that start from 13.90% p.a. You can repay the loan at your convenience over tenures ranging up to 15 years.

Interest Rates and Charges for a Shubham Housing Finance Loan Against Property Balance Tra

Here are the interest rates and other charges associated with transferring a loan against property to this lender:

Particulars Details

Interest Rate

13.90% p.a. onwards

Processing Fee

1.5% to 3% of the loan amount

Foreclosure Charges

Nil

Disclaimer: The details mentioned above are subject to change at the lender’s discretion.

Additional Fees and Charges for a Shubham Housing Finance Loan Against Property Balance Tr

Apart from the interest rate, Shubham Housing Finance also levies certain additional charges on the loan against property balance transfer facility:

Particulars Details

Late Payment Charge

24% p.a. on overdue EMI

Documentation Charges

₹1,000 + GST

Cheque/NACH/ SI Bounce Charges

₹500

Disclaimer: The details mentioned above are subject to change at the lender’s discretion.

EMI Calculator for a Shubham Housing Finance Loan Against Property Balance Transfer

The EMI calculator enables you to plan your balance transfer effectively by giving a clear estimate of your monthly repayment. By entering the loan amount, interest rate, and tenure, you can instantly view your EMI, total interest payable, and overall repayment obligation.

This tool simplifies the comparison between your existing loan and Shubham Housing Finance’s balance transfer facility. It helps you make informed financial decisions and select the tenure and EMI structure that aligns best with your budget.

Features and Benefits of a Shubham Housing Finance Loan Against Property Balance Transfer

Nominal Interest Rates

Transfer your loan balance and enjoy interest rates starting from just 13.90% p.a.

Flexible Repayment Tenure

Repay your loan against property conveniently with tenures of up to 15 years 

No Extra Documentation

Complete the transfer process without the hassle of submitting additional documents

Zero Foreclosure Charges

Prepay and close your loan before the tenure ends without paying any extra charges

Digital Process

Apply for a balance transfer from the comfort of your home through the easy online process on Bajaj Markets

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Eligibility Criteria for a Shubham Housing Finance Loan Against Property Balance Transfer

Fulfil the following requirements to be eligible for this balance transfer facility:

  • You must be a salaried or self-employed individual

  • You should fall under the age bracket of 21 to 70 years

  • You must have a bank account

  • Any owners of the financed property and individuals whose income is evaluated for the loan must be co-applicants

  • You must reside in one of the cities where Shubham Housing Development Finance Company Ltd. has an office

Your credit score may also be considered when assessing your eligibility for a balance transfer.

Documents Required for a Shubham Housing Finance Loan Against Property Balance Transfer

Keep the following documents ready to complete your balance transfer process:

  • Identity Proof: Any one of the following

    • Aadhaar card

    • PAN card

    • Voter ID

    • Driving licence

    • Passport

  • Address Proof: Any one of the following

    • Aadhaar card

    • Passport

    • Voter ID

    • Utility bills

    • Ration card

  • Income Proof: Recent salary slips or ITR filings

  • Bank passbook

  • Bank statement

  • Copies of property papers

  • Passport-size photographs

Steps to Apply for Shubham Housing Finance Loan Against Property Balance Transfer on Bajaj Markets

Follow these simple steps to apply for a loan against property balance transfer on Bajaj Markets:

  1. Click on the ‘Check Offer’ button available on this page

  2. You will be directed to the digital loan application form

  3. Select ‘Loan Against Property Balance Transfer’ from the drop-down menu

  4. Indicate your employment status as either a Salaried Professional or a Business Owner

  5. Enter your mobile number to proceed with eligibility validation

  6. Confirm acceptance of the terms of use and authorise information sharing as applicable

  7. Press ‘Apply Now’ to complete and send your application

Following this, an executive will reach out to you for further proceedings.

How to Track the Status of Your Shubham Housing Finance Loan Against Property Balance Transfer

You can track the status of your loan against property balance transfer application through multiple channels. Here are some of the methods: 

  • Call the Toll-Free Number
    Reach out to 18002582225. Provide your loan details and get instant updates on your application status.

  • Email Support Team
    Send your loan application information to customercare@shubham.co. The team will inform you about the loan status.

  • Visit a Branch

    Go to your nearest branch to check your balance transfer status. Relationship officers can provide updates on your loan status.

How to Access Your Shubham Housing Finance Loan Against Property Balance Transfer Statement

You can easily access your loan against property balance transfer statement through various channels:

  • Annual Statements
    Receive your account statement and interest certificate automatically at the end of the financial year.

  • Customer Care
    Call 18002582225 or email your loan details to customercare@shubham.co to get your statement.

  • Branch Request
    Visit your nearest Shubham Housing Finance branch to request a copy of your loan statement or repayment schedule.

Shubham Housing Finance Loan Against Property Balance Transfer Repayment Options

The lender provides flexible repayment options for your loan against property balance transfer. Here are a few options:

  • NACH (National Automated Clearing House)

Set up standing instructions with your bank for automatic EMI deductions every month, ensuring timely payments without manual effort.

  • ECS (Electronic Clearing System)

Enable auto-debit of monthly EMIs directly from your bank account for a hassle-free and consistent repayment process.

  • Prepayment

Repay your loan partially or fully ahead of schedule without any penalty. It helps you save on interest and close the loan faster.

Frequently Asked Questions

Does Shubham Housing Development Finance Company Ltd. provide top-up loans along with these balance transfer facilities?

Yes, you can get a top-up loan along with your loan against property balance transfer, depending on eligibility and approval terms.

The balance transfer process takes a few working days. It depends on document verification, property evaluation, and loan approval procedures.

Yes, you can transfer your existing LAP from any other bank to Shubham Housing Finance, regardless of an outstanding loan. Final approval is based on your eligibility.

Yes, the minimum loan amount is ₹3 Lakhs and the maximum you can transfer is up to ₹20 Lakhs.

Yes, processing fees range from 1.5% to 3% of the loan amount, depending on your loan terms.

You can apply for a top-up loan along with your LAP balance transfer to Shubham Housing Finance.

Your EMI is calculated based on the loan amount, interest rate, and chosen repayment tenure. You can use the Shubham Housing Finance EMI calculator to estimate monthly instalments.

Yes, you can transfer your existing LAP from an NBFC to Shubham Housing Finance. The process depends on your loan amount, property, and documentation.

If you miss a payment, a late payment fee may be charged, and it could impact your credit score.

The process of balance transfer may temporarily affect your credit score due to the credit inquiry and new loan account. However, timely repayment of EMIs on the transferred loan can help maintain or improve your credit score over time.

If your application is rejected, review the reason for rejection. You can address any issues, improve your eligibility, or explore other lenders’ balance transfer options.

Yes, you can apply for a loan against property balance transfer online through Bajaj Markets.

Yes, you can transfer your LAP and apply for a top-up simultaneously. The amount you qualify for and final approval depend on your eligibility.

To apply for the loan against property balance transfer facility to Shubham Housing Finance, you need to meet the following eligibility criteria:

  • Must be salaried or self-employed

  • Age between 21 and 70 years

  • Must have a bank account

  • Co-applicants required: All property owners and income contributors

  • Must live in a city where Shubham Housing Finance has a branch

No, Shubham Housing Finance does not charge any prepayment fee on loan against property balance transfers. 

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