A Loan Against Property is a convenient way to fund your business or meet your personal needs by using your property as collateral to get a loan. At Shubham, we help you to leverage your property to fulfill your needs.
Why choose Shubham Loan Against Property?
A Loan against Property is a secured loan against residential property held with the lender as collateral. Borrowers may use the funds for various purposes such as:
You can now avail a hassle-free loan against property and enjoy a quick approval and fast loan disbursal.
A Loan against Property serves multiple purposes for individuals as well as businesses such as starting a new business or expanding your existing business. In such circumstances, you can utilize your property to its full potential by availing a loan against property. Individuals often use it for the following purposes:
The eligibility for loan against property is determined based on the customer’s financial records and the value of the property provided as collateral.
However, below are some of the criteria that an individual must follow when applying for a Loan against Property:
A salaried employee needs to provide the following documents:
A self-employed individual will be required to provide the following documents:
Submit these documents to enjoy trouble-free and timely loan approval.
The maximum amount of loan provided under Loan Against Property is Rs. 15,00,000. Our loan against property is reasonably convenient to use and repay in easy EMIs with affordable rates of interest along with minimal fees.
Choose a convenient repayment tenure for the loan as per your source of income. The maximum repayment tenure for loan against property offered by Shubham is 10 years, i.e. 120 months.
Shubham Housing Finance provides loan against property to customers at a competitive interest rate starting from 13.90% to 19%and administrative and operational costs of up to 3%.
We encourage our customers to discuss their monthly sources of income and buckets of expenses at length to arrive at a number that they are comfortable serving as EMI's. This EMI amount can be paid through Electronic Clearing Services (ECS) and National Automated Clearing House (NACH).
A Loan Against Property helps you to survive through tough times. Check out the steps to get instant approval with Shubham easy online process.
Apply online and our representative will reach out to you or visit our branch nearest to you
Our representative will come to your place of work/home to explain the product and process and collect the necessary documents
We evaluate your documents, have a discussion with you and do the necessary checks. If everything goes well, we sanction your loan
Submit the remaining documents and your loan is disbursed
Jindagi mein apni tarraki ki gati tez kijie, aaj hi Shubham se Home Loan lijie
Loan against Property Eligibility
We offer property loans with unique benefits which allow borrowers to meet their high-end expenses easily. Some of the top benefits are:
Loan against Property without income proof
Shubham offers customized and affordable housing finance solutions to families with informal incomes through new age credit programs.
If you need a loan, but you don’t have enough income documents, don’t worry. You can call us and we would always be there for you.
At Shubham, we are concerned for you as much as you are in getting the loan.
Loan for informal incomes as well
Hassle-free Home Loans
Long Tenure Loans
Loan Against Property EMI Calculator
A LAP EMI calculator is a unique tool that helps you measure your monthly payments to repay your property loan.
How does a loan against property EMI Calculator work?
LAP EMI calculator works on three key factors - loan amount, tenure and interest rates.
Just enter the loan amount, rate of interest and loan tenure to calculate your Loan against Shubham’s Loan Against property calculator is one of the most convenient and accessible ways to know about your monthly installment.
Frequently Asked Questions (FAQs) on Loan against Property
You can avail up to 50% of the property value as LAP. However, the amount will depend on the property type and other checks.
You can mortgage residential property for availing loan against property. However, the property should be free from any charge, i.e. there should be no other loan running on the property offered as a security for LAP.
Yes, you can avail top-up loan on an existing LAP only if you have made timely repayment of EMIs for the current property loan.
We assess the loan amount based on your income as well as the value of the property.
Yes, you can apply jointly with an earning co-applicant (it can either be your spouse or your parents). Adding a co-applicant will boost your eligibility, and you can also take advantage of a higher amount of loan.
Yes, even with a low or no credit score, you may be eligible for a property loan.
Customers can call us on 1800 258 2225
The request will get accepted after the personal details get verified by our customer care officer through a phone call.
Also after updating it in our system, an intimation call & query reference number will also be delivered to client's new registered contact no.