Bank
Shubham Housing Development Finance Company

Shubham operates with a mission to provide housing finance solutions to families with informal incomes through an innovative credit program which looks beyond income proofs on paper.By providing credit to people who were outside the purview of such formal structures, we enable families to secure a better future for them and drive financial inclusion within this segment.

About Home Loan

This loan is supposed to be the choice for families with Informal Income

Eligibility Criteria

  • Loan amount up to  15,00,000 (For certain cities the loan amount is up to  20,00,000)
  • Tenor up to 15 years
  • Borrower should have a bank account
  • Customer should be more than 21 years of age and not more than 65 years at the time of loan maturity
  • Should be residing in a city where Shubham has an office
  • No Guarantor required 
  • 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
  • Loans can be taken for the following end uses :
  • Takeover of loans, Purchase of property, Plot purchase + Self-construction, Self-construction, Re-finance, Enhancements

Documents Required

  • Standard KYC documents along with the application form duly filled in to get started

Application form with all required details filled in

  • Identity proof
  • Address proof
  • Income proof documents, if available
  • Bank pass book or Bank Statements
  • Property documents, if property identified please tick mark

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money

About Loan Against Property

This loan is supposed to be the choice for families with Informal Income

Eligibility Criteria

  • Loan amount up to  10,00,000
  • Tenor up to 7 years
  • Customer should be more than 21 years of age and not more than 65 years at the time of loan maturity
  • Should be residing in a city where Shubham has an office
  • Loans can be taken for the following end uses :
  • Construction refinance/ Refinance on self-financed property, Debt consolidation/ Mortgage Buyout, Business purposes viz. expansion, acquisition of assets etc., Travel/ Education/ Marriage/ Personal needs.

Documents Required

  • Standard KYC documents along with the application form duly filled in to get started
  • Application form with all required details filled in
  • Identity proof
  • Address proof
  • Income proof documents, if available
  • Bank pass book or Bank Statements
  • Property documents, if property identified please tick mark

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money