Transfer your existing loan against property to Shubham Housing Finance. Enjoy lower EMIs, competitive interest rates, and flexible repayment options on Bajaj Markets.
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.
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.
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.
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.
Transfer your loan balance and enjoy interest rates starting from just 13.90% p.a.
Repay your loan against property conveniently with tenures of up to 15 years
Complete the transfer process without the hassle of submitting additional documents
Prepay and close your loan before the tenure ends without paying any extra charges
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.
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
Follow these simple steps to apply for a loan against property balance transfer on Bajaj Markets:
Click on the ‘Check Offer’ button available on this page
You will be directed to the digital loan application form
Select ‘Loan Against Property Balance Transfer’ from the drop-down menu
Indicate your employment status as either a Salaried Professional or a Business Owner
Enter your mobile number to proceed with eligibility validation
Confirm acceptance of the terms of use and authorise information sharing as applicable
Press ‘Apply Now’ to complete and send your application
Following this, an executive will reach out to you for further proceedings.
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.
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.
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.
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.