Home Loan Balance Transfer is one of the wisest options to choose if you want to reduce the EMI you have to pay each month. You can move your outstanding loan from your lender to another one that offers smarter options.
Shubham Housing Loan Balance Transfer helps you transfer your outstanding loan balances from other financial institutions to Shubham Housing Finance & Development. This will help you lower your EMIs and save that money for a better future. So go ahead and apply for a Shubham Housing Loan Balance Transfer on Bajaj Markets in just a few easy steps.
Shubham Housing Home Loan Balance Transfer Details
Shubham Housing Finance Home Loan Balance Transfer is available to anyone who wishes to bring down the debt burden. Shubham Housing Finance & Development offers an online balance transfer facility that can be accessed right from the comfort of your home. Bajaj Markets offers an easy and hassle free way to apply for a Shubham Housing Finance loan.
Here are the details of the Shubham Housing Finance Home Loan Transfer including the interest rate, fees, charges, and much more.
Interest Rate |
10.90% p.a. onwards |
Processing Fees |
|
Foreclosure charges |
NIL |
Tenure |
Maximum of 300 months or 25 years |
Loan Amount |
Up to Rs. 50 Lakhs |
Shubham Housing Home Loan Balance Transfer Features & Benefits
Shubham Housing Home Loan Balance Transfer has many unique features and benefits that will make your journey towards your dream home short and easy. They are:
Simplified procedure: You can have a hassle-free experience of loan balance transfer with very minimal documentation. It is easy to transfer your Home Loan balance through an online process on Bajaj Markets.
Attractive interest rates: The Shubham Housing Home Loan Balance Transfer interest rates are very competitive and starts from 10.90% per annum.
Flexible repayment options: The maximum tenure can be extended up to 25 years or 300 months. The longer the tenure, the lower the EMI. But, it is advisable to take a loan for the shortest tenure since the interest outgo in the long-term loan is too high.
Lower EMI: You can pay lower EMIs for your existing home loan if you use Shubham Housing Finance Home Loan Balance Transfer facility since it provides extended tenures and lower interest rates.
Zero Foreclosure Charges: Shubham Finance offers zero foreclosure charges for your existing Home Loan if you transfer it. You can close your loan anytime without paying any foreclosure charges.
Shubham Housing Home Loan Balance Transfer Eligibility
Eligibility for a Shubham Housing Home Loan Balance Transfer is dependent on various factors, including current age, fixed monthly obligation, monthly income, retirement age etc. Your Home Loan Balance Transfer eligibility can also be considered an indicator of your Home Loan affordability. Check out the guidelines given below:
Your age must be above 21 years during the application process and below 70 years at the time of loan maturity.
You must have a bank account.
The below-mentioned have to be the co-applicants to the loan:
- All the owners of the property that is being financed.
- All individuals whose income has been considered for the loan.
You should be residing in a city where the Office of the Shubham Housing Finance is located.
Documents Required for Shubham Housing Home Loan Balance Transfer
Here are the common documents required to avail the Shubham Housing Finance Home Loan Transfer facility.
Salaried Individuals |
Self-employed individuals |
Application form with all required details filled in. |
Application form with all required details filled in. |
Identity proof such as PAN card/Voter ID/Aadhaar Card/Passport |
Identity proof such as PAN card/Voter ID/Aadhaar Card/Passport |
Address proof such as ration card/electricity bill/utility bill/latest salary slip, if available |
Address proof such as ration card/electricity bill/utility bill |
Income proof such as latest salary slip, if available/Bank passbook/Bank account statement/Income Tax returns, if available |
Income proof such as Bank passbook/Bank Statements/Income Tax returns, if available |
Copies of the property papers |
Copies of the property papers |
Shubham Housing Loan Balance Transfer EMI
If you are interested in availing a Shubham Housing Loan Balance Transfer, but confused about the EMIs you need to pay, then you should use an online home loan balance transfer EMI calculator to check the EMI. All you have to do is enter the loan amount, interest rate, and the loan tenure. The Home Loan EMI Calculator will display the EMI amount you will need to pay each month.
It is important that you know the monthly EMI you have to pay before you transfer the outstanding loan balance. Since Shubham Housing Finance offers an extended tenure of up to 300 months, you can choose a longer tenure. The longer the tenure, the lower will be the EMI you have to pay. However, the shortest tenure shall be preferred for the home loan because the interest outgo is too high in a long-term loan.
How to Apply for Shubham Housing Loan Balance Transfer
Below mentioned is the process for applying for a Shubham Housing Loan Balance Transfer at Bajaj Markets:
Step 1: Fill in your personal details - Visit the Bajaj Markets website or app and enter your personal and professional details to check your eligibility for Home Loan Balance Transfer.
Step 2: Select your lending partner - Select Shubham Housing Finance Limited as your lending partner.
Step 3: Check your borrowing power - Estimate the maximum amount of loan that you can avail from Shubham Housing Finance via Bajaj Markets.
Step 4: Enter your requirement and the details of the property - Enter the outstanding amount of loan and fill in the details of the property for which you are taking the loan.
Step 5: Check the final details - Find out the details of your loan, such as the charges and the net amount to be disbursed. After this, a loan expert will get in touch with you and help you process your application further.
Why Choose Bajaj Markets for Shubham Housing Loan Balance Transfer
Safe and Secure: Bajaj Markets offers a safe and secure platform for transferring your outstanding loan balance to Shubham Housing Finance.
Fast Online Process: It is easy to get an online Home Loan Balance Transfer with a quick approval process.
Minimal Documentation: With a few simple steps and no extra documentation, you can transfer your loan balance conveniently.
Transparent Process: There are no hidden charges and dubious policies, only 100% transparency in the transfer process.
Shubham Housing Loan Balance Transfer Customer Care
To solve any queries related to the Shubham Housing Finance Home Loan Balance Transfer, you can reach out to the Shubham Housing Finance & Development Customer Care using the toll-free number - 1800 258 2225 or message in WhatsApp on the number - 8076241122. You can also write to customercare@shubham.co for the same.
FAQs on Shubham Housing Home Loan Balance Transfer
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✔️Can I transfer my Shubham Housing Finance Home Loan to another person?
Yes, it's possible. If a property owner does not want to repay the loan any further, they can transfer the debt to someone else. But that will happen only if the owner sells the property to the new buyer and gets the ownership title transferred to the latter.
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✔️How can I transfer my Home Loan balance?
Firstly, you must visit the concerned bank’s website. Then, you must check all the terms and conditions along with the Housing Loan Balance Transfer interest rate and processing fee in connection to their offer. If you are satisfied with the details, you can apply for a Home Loan Balance Transfer.
Post that, you will need to fill in details such as your name, property type, tenure of the existing loan and the bank’s name, among others in the required fields. The fifth step would need you to review your loan offer upon completion. You must then pay all the necessary fees and upload your documents in order to complete your application. Then, all that will be required out of you is your patience as you must wait for the approval.
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✔️Is transferring the Home Loan worth it?
It is advisable to transfer a home loan when the outstanding loan amount is higher. As the Home Loan matures, the principal amount gradually gets paid, thus reducing the outstanding loan amount. Also, it is advised if you have smarter options which offer lower interest rates.
