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

Top 10 reasons for Housing Loan EMI Calculator

Housing Loan is the amount of money you borrow from a lender to buy a home. It is necessary to assess your repayment capability before opting for the loan to avoid any financial mess. This is where a Home Loan EMI Calculator can be best to use.

 EMI Calculator is a simple loan calculation tool that helps the user to calculate EMI and view the payment schedule quickly.

Shubham has a unique EMI Calculator which helps you calculate your loan tenure and monthly installments to be paid towards the home loan repayment.

Why should you use an online EMI housing loan calculator?

Borrowers who are not comfortable with complicated calculations, find it easier to estimate house loan EMI by using EMI calculators as it gives correct results and allows you to compare EMI on different home loan schemes instantly.

Planning to take a Home Loan. Give a read to the ten reasons why it is necessary to use Shubham Housing Finance Home Loan EMI Calculator:

1. Loan Amount: it is the amount you wish to borrow to fulfill your needs. A home loan depends on the value of the property. The amount is defined by the cost of the ownership and the repayment capacity of the borrower.

2. Interest Rate: It is the interest charged on the borrowed loan amount. Home loan rates vary from one lender to another, so it is best to check prices before applying for a home loan. The lower the home loan interest, the lower will be the EMI.

3. Loan Repayment: It is the period during which the entire loan is repaid. You can now calculate your EMI using the Shubham EMI calculator to repay the amount without any worries.

4. Instant Results: Our EMI calculator for home loans cuts short your lengthy and tedious arithmetic calculations to seconds. The EMI is calculated instantly, at the click of a mouse.

5. Secure Processing: You need to enter the principal amount, interest rate, and tenure. No complicated calculations or difficult mathematics is involved.

6. Get The Breakup Of the Finance Charges: This tool helps you understand the financial expenses associated with your EMI. Since banks and financial institutes present a soaring percentage of the loan amount, in this case, knowing the actual value can help understand the real cost of the loan.

7. Comparing Loan Offers: You can use the loan calculator to compare loan proposals from numerous banks. The results will show you the actual amount you need to pay along with respective EMIs. 

8. Choosing The Right Tenure: Changes in loan tenure can impact your EMIs in a big way. So, before taking a decision, give a thought twice. An EMI calculator helps you calculate your loan tenure so that you can plan your investment better.

9. Helps With Loan Management: Sometimes, while paying your EMIs, you may have some surplus funds to make prepayments. So, calculating the EMI in advance helps to know the amount of money to be kept aside every month to manage your finances better.

10. No Charges: Your life is now easy with the Shubham EMI calculator.

 You can use this calculator any number of times you wish to without any cost. This online tool is available 24*7

Figure out your EMIs and apply for a home loan with Shubham housing Finance, our official Loan partner will connect with you soon.

Top 7 best housing finance companies in India 2020

Housing Finance companies present a lot more than just loans. With the increase of real estate prices, a large percentage of India’s population is dependent on Home Loans for purchasing a residential property.

If you too are looking out for an affordable Housing Loan, here are some of the best housing finance companies in India.

1. Shubham Housing Finance:

Shubham Housing Finance provides housing loans to customers belonging to low and middle-income segments. These are creditworthy customers who may or may not have the income proof documents like income proof, address proof, and hence are financially excluded by other large housing finance companies and banks.

The key features associated with SHDFC are given below:

• Instant Approval of Loans

• Attractive Interest rates

• No Hidden Charges

• Flexible repayment options

2. Indiabulls Housing Finance Limited

Indiabulls Housing offers instant home loan approvals at competitive interest rates for a tenure of up to 30 years. It provides benefits such as zero pre-payment charges, flexible tenure options, and zero pre-closure. 

The key features related to India Bulls Home loan company are given below.

• Instant Approval of a Home loan

• Zero pre-closure charges.

• Attractive interest rates.

• Application to disbursal online.

3. PNB Housing Finance

It offers home loan at a competitive interest rate for resident Indians as well as non-resident Indians. It offers home loans under different schemes that are aimed at government employees, the general public, and others. 

Some of the features of PNB are as follows:

• Quick Loan Processing

• Attractive Interest Rates

• Online facility to apply for a home loan

4. L&T Housing Finance

L&T Housing Finance is next in the list of a top home finance company in India that provide different kinds of loans. The main features of the L&T housing finance home loan are given below.

• Quick Loan Processing

• Instant Online Approval

• Zero Prepayment Charges

• Flexible repayment options

5. Deewan Housing Finance

DHFL provides home equity credit, loans against property, and business loans. Some of the features that DHFL offers are given below.

• Home loan interest rate

• Loan tenure up to a maximum of 30 years.

• Easy repayment options.

6. HDFC

HDFC is one of the most popular housing finance companies in India. It offers home loans at attractive interest rates. They also provide legal and technical counselling while buying a property.

The key features of HDFC home loan:

• Faster loan processing

• Internet services for loan repayment

• Excellent customer care services

7. LIC: LIC Housing Finance Ltd

Unlike DHFL, LIC Housing Finance is also one of the largest Home Finance Company in India to offer long term finance to individuals for the acquisition or construction of house/ flat for residential purposes in India. The benefits that LIC housing finance provides are given below.

• Zero Processing Fees

• Zero Pre-payment charges

• Quick Loan Processing

• Multiple Loan schemes

• Competitive interest rates

Whenever you opt for a home loan, make sure to compare all features, interest rates and applicable fees. If you have any queries, do feel free to reach us at 1800 258 2225

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