10 Tips to Get the Right Home Loan Offers With Shubham Housing Finance Company

With a home loan, your wish of owning a house can become a reality. However, finding the right home loan can be a daunting task as there are many options to choose from and to evaluate before zeroing down on the right home loan offer.

Shubham Housing Finance offers a lot more than just home loans and that too, with minimal paperwork.  

Here are some of the documents which you need to submit for verification while applying for the home loan:

• Filled in application with processing fee

• Photographs of the applicant and co-applicant

• Income proof

• Address proof

• Bank statements

• Payslips for last few months

Getting the best home loan Finance Company to offer depends significantly on the interest rate that you need to pay. But many other factors determine the right home loan. We have jotted a few of them below:

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• Attractive Interest Rates: Every bank charges different interest rates. But by choosing the correct interest rates, you will not only save a lot of interest but also improve your credit score. We provide you with an affordable interest rate with additional benefits such as extended loan terms and flexible repayment options.
  

 

• Check the Processing Fee: The processing fee is a one-time charge to be paid by a loan borrower to the bank or housing finance companies. With Shubham, you can avail of a home loan at a low rate of interest and low processing fees.
  

 

•  Evaluate the Hidden Costs:   It is best for you to carefully read about all the additional charges before applying for a home loan. This will help you plan your finances accordingly, and also understand what you need to do and not to do, to keep costs down.
  

• Choose Your Home Loan Tenure Carefully: Much as the interest rate, the tenure of the home loan also decides your EMI. A shorter tenure increases your EMI, while a longer one can reduce it.
  

 

• PMAY Benefits: The Credit Linked Subsidy Scheme (CLSS) under PMAY Home Loan Scheme affordable due to the subsidy provided on the interest component.
  

 

• Make Use of EMI Calculator To Enjoy Low EMIS: Fulfill your dream of owning a house with us. Using the EMI calculator can help you get an estimate of your EMIS. Shubham offers a host of benefits such as smaller EMIs payment over a longer tenure, attractive interest rates, an easy application process, doorstep service, etc.
  

 

• Higher Loan Amount: If you need a higher loan amount, but your salary does not permit it, take a joint loan with your spouse/parent/sibling. You could also opt for a longer tenure loan.
  

 

• Maintain Good Financial Health: Take the time to budget your income vs expenses so you can spend within your means and manage lifestyle expectations. It will help you drive in benefits.
  

 

• Read The Terms and Conditions Carefully: to avoid an unpleasant experience later, it is always best to understand everything you need to know.
  

 

• Maintain a Healthy Credit Score: A good credit score can save you a small fortune in rates and terms on everything from the loan, credit payments to insurance. The higher the credit score, the better it is for you.
  

Purchasing a house is a big step, and a home loan can help you accomplish buying your dream home. Feel free to reach us if you have any queries at 18002582225