Apply for SHUBHAM Home Loan

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Why apply through CreditMantri

CreditMantri matches your credit and demographic profile to SHUBHAM Home Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for SHUBHAM Home Loan. Hence the chances of your SHUBHAM Home Loan application getting approved is higher.

max tenure

15 yrs

processing fee


best rate


  • No Income Proof/ITR required
  • No guarantor required
  • Loan on Household Income
  • EMI as per your repayment capability
  • Based on eligibility you can get CLSS subsidy up to 2.18 lakhs
  • Interest Rate - 12%
  • Application Fee – Rs.2600/- at the time of filling the application form
  • Processing Fees – Rs.9500/-*
  • Application form with photograph, PAN mandatory
  • ID proof (any one) - Aadhar, Passport, Driver license, Voter ID, Notarized affidavit
  • Address proof (any one) - Passport, Driver license, Ration card, Mobile bill, Letter from employer
  • Salaried - Salary slip and bank statement for 3 months, Self-employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

Shubham Housing Development Finance Company

Shubham Housing Development Finance Company was incorporated in 2011 and focuses on providing formal credit to individuals who do not have a formal income. It provides individuals from the lower income group access to the formal credit system. It is based in Gurgaon, Haryana, and has more than 80 branches across the country.

Shubham Home Loan End Use

For many people who do not have a formal income, a Shubham home loan is their entry into the formal credit system. It allows them freedom from the clutches of the unregulated informal lending sector, which can impose sky-high interest rates. Shubham also caters to individuals who are part of the regular economy. You can avail of a home loan from Shubham for a variety of uses:

Purchase of property (apartment or house)

Purchase of Plot with self-construction of house

Self-construction of house on an existing plot


Improvements or renovations to the home

Shubham Home Loan Eligibility

In order to qualify for a home loan from Shubham, you need to fulfill the following criteria:

1. You need to have a bank account

2. The maximum loan amount is Rs. 15, 00,000, though it can go up to Rs. 20, 00,000 for certain cities. The loan tenure is up to 15 years.

3. You need to be a minimum of 21 years of age and not more than 65 years ( at time of loan maturity)

4. You need to be resident in a city where Shubham has an office. A list of all the branch locations is available on the Shubham website.

5. All the owners of the property being financed and all individuals whose income has been considered for the loan, have to be the co-applicants to the loan.

You can also get a Home Improvement Loan to make renovations to your existing home or to add a floor, or a room or any other permanent construction. The following are the eligibility criteria for this type of loan:

  • You can take a loan to upgrade the house in which you are staying or to undertake construction for any extensions.
  • The maximum loan amount is Rs 5, 00,000

The tenure extends to 7 years.

You should have a bank account and be of a minimum age of 21 years and maximum of 65 years at the time of loan maturity.

You need to be a resident of a city where a Shubham office is located.

Shubham Home Loan Interest Rate

The interest charged is based on the internal policies of the company. For the latest rates on a Shubham home loan, it is advisable to contact the company directly. Interest for the month will be charged on the last day of the month basis loan outstanding for actual number of days in a month. If there is a change in the Shubham Base Rate, the new rate will be applied from the first of the month of the following quarter.

Other fees and charges on a Home Loan

There are other fees and charges involved in taking a Shubham Home Loan. These include:

Application fee: There is an application fee of Rs 2500 (inclusive of service tax and education cess). This fee has to be paid when you submit the completed application form and the requisite documents. It is a non-refundable fee and is collected upfront and is paid irrespective whether your loan has been sanctioned.

Processing fee: A processing fee of up to 3% of the loan amount is charged. However, the application fee (Rs 2500 above) is deducted from the processing fee. These are charges for the expenses incurred on verification of the documents submitted including legal opinion on property title deeds and any other valuations required with reference to the property.

Duplicate Statement – Rs 100

Cheque swapping charges – Rs 500

Cheque/ECS/SI bounce charges – Rs 500 per incident

Penal interest on overdue amount – If you fail to pay your EMI on time, a penalty fee will be levied. This is calculated at an additional 2% above the contracted interest rate on your loan.

Pre-closure charges – There is no pre-closure penalty on a home loan.

Shubham Home Loan – Documents Required

You will need the following documents when you apply for a home loan:

  • Completed application form ( which can be downloaded from the website)
  • ID Proof – Pan Card, Voter ID, Passport ( any one document to be submitted)
  • Address Proof – Electricity bill, ration card ( any one to be submitted)
  • Income proof – where available
  • Bank pass book or bank statements
  • Property documents if the property to be purchased has already been identified

In case of a Home Improvement Loan, you will be required to submit a copy of the property papers and an estimate of the proposed construction costs.

How to get a loan from Shubham/ Shubham Home Loan Application process

You will need to visit the nearest Shubham branch office for an application form. A list of all the offices is available on the website. If you need further details on home loans, you can contact the Relationship Officer at the branch.

Once you have applied for a loan and want to know the progress of your application, you could do a status check on your Shubham home loan by contacting the nearest branch.

Shubham Home Loan FAQs

What is the maximum loan amount?

The maximum loan amount is Rs 15,00,000, if you are found eligible. In certain cities, the loan amount could go up to Rs. 20,00,000.

What is the tenure on a home loan?

The tenure for a home loan is 15 years, while the tenure for a home improvement loan is 7 years.

Do I require a guarantor?

No, you do not need a guarantor on your home loan.

Can I avail of a Loan against Property?

Yes, Shubham offers loans against property for a maximum amount of Rs. 10,00,000 and for a tenure of 7 years. You need to be a resident of a city where Shubham has an office. (A list of branch offices is available on the Shubham website.) You can use the loan amount for a variety of reasons including construction refinance; refinance on self-financed property; debt consolidation/ business purposes like working capital or acquiring assets; travel; education expenses; marriage expenses; and any other personal needs.

What is the mode of repayment?

You can repay the EMIs on your loan in two ways:

Through ECS (Electronic Clearing System)

Through Post-Dated Cheques

Customers can visit the branch office when applying for the loan to discuss their monthly income and expenses. Based on this, he/she can arrive at an EMI amount that is mutually suitable.

Shubham Home Loan Review

Shubham home loans offer customers from lower income groups an entry into the credit world. It has loans for purchase of a home or for a plot or for self-construction on the plot. You can also avail of home improvement loans for renovations or extensions to your existing home. You will need to be a resident of a city where Shubham has an office to be able to apply for a loan.

Alternatively, if you think you need help with your loan application and advice on loan-eligibility, CreditMantri can guide you through the entire process and match you with the products and offers that best suit your profile.

Customer Reviews

Shubham Home Loan
5.0 / 5 (1 Reviews)
  • 5/ 5

"Thanks, CreditMantri! The website is primarily designed to enable customers to compare the home loan interest rates, processing fees. CreditMantri helps people in securing the best loan possible. Their home loan EMI calculator is handy. After registering on the portal, I received a quick response from the CreditMantri team on time. After documentation process, I was offered a low interest rate on my home loan, and I am very much satisfied. Thanks to CreditMantri for making my dream come true."