✓ Loan Against Property Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 9.24% Apply Now

Shubham Housing Finance is a trusted organisation offering housing credit to individuals. The Shubham Housing Finance loan against property (LAP) balance transfer is a financial offering that enables you to transfer your existing LAP from other lenders. 

 

With this option, you can enjoy the benefits of lower interest rates and reduced EMIs. Here’s a quick overview of the details of the Shubham Housing Finance loan against property balance transfer to understand its benefits, features, and other vital aspects.

Shubham Housing Finance Loan Against Property Balance Transfer Interest Rates and Charges 2023

See the table below containing Shubham Housing Finance loan against property balance transfer interest rates and charges:

Interest Rate

13.90% p.a.onwards

Processing Fee

  • Up to ₹3 Lakhs: ₹9,500 + GST

  • Between ₹3 Lakhs - ₹6 Lakhs: ₹13,500 + GST

  • Between ₹6 Lakhs - ₹10 Lakhs: ₹18,000 + GST

  • Between ₹10 Lakhs - ₹12 Lakhs: ₹27,000 + GST

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

Foreclosure Charges

Nil

Disclaimer: Interest rates and other charges are subject to change per the financial institution’s policies.

Compare Shubham Housing Finance Loan Against Property Balance Transfer Interest Rates

Here is the table containing the interest rate of Shubham Housing Finance along with other top lending partners of Bajaj Markets.

Name of the Partner

Minimum Interest Rate

Bajaj Housing Finance Limited

10.20% p.a.

ICICI Bank

9.25% p.a.

LIC Housing Finance

9.45% p.a.

PNB Housing Finance Limited

9.24% p.a.

Shriram Housing Finance

12.50% p.a.

Disclaimer: Interest rates are subject to change per financial institutions’ policies.

Features and Benefits

Nominal Interest Rate

With Shubham Housing Finance LAP balance transfer, you can conveniently transfer your housing loan balance at attractive loan against property balance transfer interest rates starting from  13.90% p.a.

Flexible Repayment Tenure

You can repay your loan over a period of up to 180 months. This helps reduce the unnecessary financial strain on your monthly budget as you can opt for lengthy tenures.

No Extra Documentation

The whole procedure is simple to follow since there is no need to provide any additional documents to complete the process of transferring your loan amount.

Nil Foreclosure Charges

If you want to prepay and foreclose your loan, you may do so without incurring additional fees, as Shubham Housing Finance has no foreclosure fees.

Digital Application Process

There is no need to visit the branch to apply for this facility. You can easily avail Shubham Housing Finance loan against property balance transfer from the comfort of your home, saving you time and energy.

Shubham Housing Finance Loan Against Property Balance Transfer Eligibility Criteria

Following are the Shubham Housing Finance loan against property balance transfer eligibility criteria you must meet when opting for a loan balance transfer.

  • You must be a salaried or self-employed person

  • You must be over 21 years when applying for a loan and under 70 years when the loan matures

  • You must have a bank account

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

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

     

You may also use the loan against the property balance transfer eligibility calculator to check your eligibility before you opt for this facility.

Documents Required

Here is the list of Shubham Housing Finance LAP balance transfer documents required when applying for a loan transfer.

Salaried Person

Self-Employed Person

Completed application form

Completed application form

Identity proof (Aadhaar card, Voter ID, Driving licence, Passport)

Identity proof (Aadhaar card, Voter ID, Driving licence, Passport)

PAN card

PAN card

Address proof (Aadhaar card, Passport, Voter ID, Utility bills, Ration card)

Address proof (Aadhaar card, Passport, Voter ID, Utility bills, Ration card)

Bank passbook

Bank passbook

Bank statement

Bank statement

Recent salary slip (if available)

Income proof

ITR (if available)

ITR (if available)

Copies of property papers

Copies of property papers

Passport-size photographs

Passport-size photographs

How to Apply for a Shubham Housing Finance Loan Against Property Balance Transfer?

  • Check Your Eligibility

  • Choose Shubham Housing Finance Ltd as your lending partner

  • Examine Your Borrowing Capability

  • Enter the Required Loan Amount and Provide Property Details

  • Discover the Other Details

  • Receive a Call from a Loan Expert

Shubham Housing Finance Loan Against Property Balance Transfer FAQs

While any salaried or self-employed person can apply, ensure you meet the eligibility criteria set by Shubham Housing Finance when planning to apply for a LAP balance transfer.

You may contact the institution and enquire about the same.

When opting for a balance transfer you must submit your latest salary slips and bank statements of your salary account as your income proof.

The maximum repayment tenure you can choose is up to 180 months.

Yes. The Shubham Housing Finance LAP balance transfer EMI calculator helps compute accurate EMIs, allowing you to make an informed decision. Hence, you can apply online after assessing your monthly instalments.

The applicable interest rate at the time of balance transfer is considered throughout the loan tenure if you opt for a fixed interest option. However, in the case of a floating interest rate, your current interest rate is bound to change periodically depending on the financial market conditions.

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