✔️Who can apply for the Shubham Housing Finance LAP balance transfer?

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.

✔️How many times can I avail LAP Balance Transfer from Shubham Housing Finance?

You may contact the institution and enquire about the same.

✔️I am a salaried applicant. What must I submit as income proof for LAP Balance Transfer at Shubham Housing Finance?

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

✔️What is the maximum repayment tenure on the Shubham Housing Finance LAP balance transfer?

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

✔️Can I apply online for a Shubham Housing Finance LAP transfer after using the EMI calculator?

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.

✔️What happens in case of an increase or decrease in interest rate after the LAP transfer at Shubham Housing Finance?

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.

Shubham Housing Finance Loan Against Property Balance Transfer

Check Shubham Housing Finance LAPBT Offers

✓ Loan Against Property Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 9.25%

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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.

Using the Shubham Housing Finance LAP balance transfer EMI calculator online is your best bet to calculate the interest payable. It is quick and intuitive, and it offers accurate results.

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	10.85% p.a.
LIC Housing Finance	9.45% p.a.
PNB Housing Finance Limited	9.25% p.a.
Shriram Housing Finance	12.50% p.a.
Shubham Housing Finance	13.90% p.a.

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

Shubham Housing Finance Loan Against Property Balance Transfer Features and Benefits

Here are the key features and benefits of the balance transfer facility:

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 for Shubham Housing Finance Loan Against Property Balance Transfer

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?

Here are the steps to follow:

Step 1: Visit the Website and Check Your Eligibility
Browse the Bajaj Markets official website or download the app and check your LAP eligibility by providing your personal details.
Step 2: Choose Your Lending Partner
Select Shubham Housing Finance Ltd as your lending partner.
Step 3: Examine Your Borrowing Capability
Calculate the maximum loan amount available from Shubham Housing Finance Ltd through Bajaj Markets.
Step 4: Enter the Required Loan Amount and Provide Property Details
Specify the loan amount you need and provide the property information.
Step 5: Discover the Other Details
Determine the applicable interest rate of your loan, as well as other charges and the net amount to be disbursed.
Step 6: Receive a Call from a Loan Expert
A loan specialist will contact you to assist you with the rest of the application procedure.

Shubham Housing Finance Loan Against Property Balance Transfer FAQs

✔️Who can apply for the Shubham Housing Finance LAP balance transfer?

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.
✔️How many times can I avail LAP Balance Transfer from Shubham Housing Finance?

You may contact the institution and enquire about the same.
✔️I am a salaried applicant. What must I submit as income proof for LAP Balance Transfer at Shubham Housing Finance?

When opting for a balance transfer you must submit your latest salary slips and bank statements of your salary account as your income proof.
✔️What is the maximum repayment tenure on the Shubham Housing Finance LAP balance transfer?

The maximum repayment tenure you can choose is up to 180 months.
✔️Can I apply online for a Shubham Housing Finance LAP transfer after using the EMI calculator?

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.
✔️What happens in case of an increase or decrease in interest rate after the LAP transfer at Shubham Housing Finance?

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.