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SHUBHAM Loan Against Property

SHUBHAM Loan Against Property


Max Tenure

10 yrs

Best Rate


Processing Fee


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About Shubham Housing Development Finance Company

Shubham Housing Development Finance Company was established in 2011 and focuses on providing formal credit to individuals who may be part of the informal economy. It provides individuals from lower income groups access to the formal credit system in India. It is based in Gurgaon, Haryana, and has more than 80 branches across the country.

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Shubham Loan Against Property

A loan against your property can finance your needs at a cheaper cost compared to a personal loan in times of need. It is a multi-purpose loan and could be used to fund anything as long as its legal. Availing of a Loan Against Property in Shubham requires that the applicant should be residing in a city where Shubham has a branch. A Loan Against Property is a good way to utilize an existing asset and you can get credit at a much lower cost than borrowing money on a personal loan.

Shubham Loan Against Property Features

Loan amount

With Shubham’s Loan Against Property, you can avail a loan amount up to Rs. 10,00,000, depending on the value of the property.

Interest rates

Enjoy fixed rate of interest at competitive rates in the market.

Loan tenure

You can repay your loan over a maximum tenure of 7 years.


There is no restriction on the end-use of the loan amount, provided it is for a legal purpose. You can use the funds for remodeling your home, business expansion, acquiring of assets, debt consolidation, fund your child’s higher education, marriage or personal needs.

Shubham Loan Against Property Interest Rate

Shubham Loan Against Property offers a range of interest rates. For the latest interest rates, it is advisable to contact your nearest branch directly.

Shubham Loan Against Property other fees and charges

Some of the other charges associated with loan against property from Shubham are as follows:

  • Application Fee - Rs. 2500 (inclusive of service taxes, non-refundable and collected upfront; irrespective whether your loan has been sanctioned or not)
  • Processing Fee - An amount equivalent to 3% (After a reduction of the application fee of Rs. 2500 mentioned above)
  • Duplicate Statement (per Statement) - Rs. 100
  • Cheque Swapping Charges - Rs. 500
  • Duplicate Interest Certificate - Rs. 100
  • Copy of Property documents - Rs. 500
  • Cheque / ECS / SI bounce charges (Per bounce) - Rs. 500
  • Penal Interest - 2% of the overdue amount

Shubham Loan Against Property Eligibility

In order to be eligible to avail a loan against property from Shubham, you must be:

  • More than 21 years of age
  • Not more than 65 years at the time of loan maturity
  • Residing in a city where Shubham has an office. A list of all the branch locations is available on the Shubham website.

Shubham Loan Against Property Documents Required

You will need the following documents (additional documents might be solicited for) when you apply for a loan against property:

  • Completed application form (which can be downloaded from the website) along with passport size photos
  • 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

Shubham Housing Development FAQs

Who can apply for a Loan Against Property from Shubham?

Any resident Indian, above the age of 21 and below 65 (at the time of loan maturity) is eligible to apply. The applicant must be residing in a city where Shubham has a branch.

How can I avail a loan against property from Shubham?

Shubham offers loans against property for a maximum amount of Rs. 10, 00,000 (depending on the value of the property) and for a maximum tenure of 7 years. Sanction of the loan is at the sole discretion of Shubham.

You need to be a resident of a city where Shubham has an office. (A list of branch offices is available on the website). You can visit any of their branches in order to discuss about your eligibility on your loan amount and requirements. Once you decide to apply, you can fill in the application form and submit it along with all the relevant documents.

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; education expenses; marriage expenses; and any other personal needs.

Is there any application fee involved?

Yes, an amount of Rs. 2500 as application fee would be collected from you upfront.

Is there any processing fee?

Yes, an amount equivalent to 3% (After reduction of Rs. 2500 as application fees) of the loan amount sanctioned would have to be paid towards the processing charges of the loan.

What is the Repayment mode after availing a loan from Shubham?

You can repay your loans in EMIs (Equated Monthly Instalments).

What is an EMI?

EMI stand for Equated Monthly Instalment. It is the amount which you need to pay on a monthly basis to repay your loan amount over the stipulated loan period.

What are my repayment options?

The monthly EMI amount can be paid either through Post Dated Cheques (PDCs) or by way of Electronic Clearing Service/ standing instruction to auto debit your account with the monthly EMI amount as per your convenience.

I have changed my mobile number since the time I got my loan sanctioned from Shubham. How can I update my latest contact details?

You can contact your nearest branch in order to update your contact details. You will be required to fill in a form and submit appropriate proofs.

Shubham Loan Against Property Review

Shubham offers customers from underserved income groups an entry into the credit world. It has various credit products for the differing needs of its customers. It offers loans to suit all budgets, with attractive interest rates and convenient repayment options.

How to Get Loan Against Property from Shubham - Apply for a Loan Against Property from Shubham

In order to apply for a Loan Against property from Shubham, you will need to visit the nearest Shubham branch office for an application form. A list of all the office branches along with the address is available on the website. If you need further details on this kind of loan, 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.

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 loan offer that best suits your profile.

Shubham Loan Against Property - Customer Reviews

4 / 5 (32 Reviews)
14 Feb 2017

"Great experience! Creditmantri is good. Good follow up is done, till the customer gets whatever kind of loan or credit card he/she wanted in the first place. They contacted me on time and informed about the process. The website is good and more user friendly. It has been very useful to me. I was able to check the rates of different banks in one page. My experience with Shubam was good experience related to loan application. They clearly explained about loan application process. Got my application processed in under a month’s time."

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