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Shubham Housing Development Finance Company Limited, a leading affordable housing finance provider with over 140 branches across 12 states, offers home loans for purchase, construction, extension, and improvements up to Rs.50 lakh. As of November 2025, Shubham Housing Finance home loan interest rate starts at 10.45% p.a. for eligible salaried borrowers with strong credit profiles, up to 12.00% p.a. for self-employed or informal income applicants, with repayment tenures up to 20 years. It supports PMAY-CLSS subsidies up to 6.50% for EWS/LIG (income <Rs.18 lakh/year), requires minimal documentation for informal earners, and provides doorstep service for applications in serviced cities.
|
Feature |
Details |
|
Interest Rate |
Starts at 10.45% p.a. (up to 12.00% p.a. based on profile) |
|
Processing Fee |
2-3% of loan amount + GST (min Rs.3,600 non-refundable) |
|
Loan Amount |
Up to Rs.50 lakh (80-90% LTV for PMAY-eligible properties under Rs.45 lakh) |
|
Repayment Tenure |
Up to 20 years |
|
Applicant Age |
21-65 years (at maturity) |
|
Approval & Disbursal Time |
7–15 working days (faster with complete docs) |
|
Prepayment Charges |
Nil for floating rate loans (no foreclosure/part-payment penalties) |
|
Eligibility (Salaried) |
Rs.15,000+ monthly; 1 year job; CIBIL 650+ (even low scores with justification) |
|
Eligibility (Self-Employed) |
2 years business; surrogate proofs (informal income OK, no strict ITR for low-value); CIBIL 650+ |
Shubham Housing Finance home loan interest rate is floating, linked to the company's internal benchmark (aligned with RBI repo rate of 6.50% as of November 2025), with spreads based on applicant profile, credit score, and property type—starting at 10.45% p.a. for salaried with CIBIL 650+ on loans up to Rs.30 lakh, rising to 12.00% p.a. for self-employed or informal income applicants. PMAY-CLSS provides up to 6.50% subsidy on Rs.6-12 lakh loans for EWS/LIG/MIG (annual income <Rs.18 lakh, property ≤Rs.45 lakh), reducing effective rate to ~4.00%; daily reducing balance applies, with no fixed rate option.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥650) |
10.45% |
11.50% |
Stable income, ≤Rs.30 lakh loan, PMAY eligibility |
|
Self-Employed/Informal |
11.00% |
12.00% |
Surrogate proofs (bills/statements), business vintage |
|
Balance Transfer/Top-Up |
10.75% |
11.75% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
10.45% (effective ~4.00%) |
11.00% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Shubham Housing Finance |
10.45% |
2-3% |
20 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For a Rs.30 lakh loan over 20 years at 10.45%, EMI is Rs.26,200—Rs.3,700 higher monthly than SBI's 7.50%, but PMAY subsidy saves Rs.2 lakh+ for LIG, and low-CIBIL acceptance (even 450/minus with justification) aids informal earners.
Shubham Housing Finance Home Loan Calculator: Estimate Your Payments Effortlessly
Shubham Housing Finance home loan calculator at shubham.co/emi-calculator computes EMI, eligibility, and PMAY subsidies—input amount, rate (10.45%-12.00%), tenure for amortization and tax benefits (Rs.1.5 lakh u/s 80C + Rs.2 lakh u/s 24b).
Loan Amount: Rs.30 lakh
Interest Rate: 10.45% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.26,200 |
Rs.32.88 lakh |
Rs.62.88 lakh |
Reduce to 15 years: EMI Rs.29,800, saves Rs.9 lakh interest; PMAY adds Rs.2 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
2-3% + GST (min Rs.3,600 non-refundable) |
|
Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
|
CERSAI Registration |
Rs.500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <4%; no commitment fees, PMAY cuts processing by 50%.
● Age: 21–65 years
● Minimum Rs.15,000 monthly net income
● 1 year in current job
● CIBIL: 650+ (450+ or minus OK with justification)
● Age: 23–65 years
● 2 years business
● Surrogate proofs (bank statements/utility bills); informal income accepted (no strict ITR for <Rs.20 lakh)
● CIBIL: 650+ (low scores funded via alternative assessment)
90% LTV for PMAY; co-applicants (up to 4) enhance; no guarantor needed.
|
Service |
Contact Details |
|
Helpline (9AM-6PM) |
customercare@shubham.co |
|
Email for Queries |
customercare@shubham.co |
|
Grievance Redressal |
cgro@shubham.co / 0124-4762545 |
|
Branch Hours |
10 AM–6 PM (Mon-Sat) |
Login to customer portal at shubham.co/customer-portal with ref no./mobile OTP—track stages: Submitted, Verified, Sanctioned, Disbursed. Email customercare@shubham.co for updates (48-hour response); visit branch with ID for in-person status.
Salaried applicants require a minimum Rs.15,000 monthly net income, while self-employed or informal earners are assessed via surrogate proofs (e.g., bank statements/utility bills) without a strict ITR threshold for loans <Rs.20 lakh. The company evaluates based on 50% debt-to-income ratio for EMI affordability up to Rs.50 lakh; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants (up to 4) increasing limits by 20-30%.
NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 11.00% p.a. with 80% LTV via power of attorney for India properties. Submit attested salary slips and overseas address proof; contact customer care for NRI desks, with disbursal in 10-15 days.
Yes, PMAY-CLSS offers 6.50% interest subsidy up to Rs.2.67 lakh on loans ≤Rs.12 lakh for EWS/LIG/MIG (income <Rs.18 lakh/year, property ≤Rs.45 lakh). Eligibility requires Aadhaar-seeding; the company handles doorstep claims, reducing effective rate to ~4.00% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 10.75%-11.75% (0.50%-1% lower than originators) requires submitting 12-month statements and NOC, with up to 2% processing fee. It includes top-up up to 20% original amount for renovations; processing takes 7-10 days, saving Rs.2,500+ monthly on Rs.30 lakh loans via reduced EMIs.
With affordable housing push amid 11% price rise in tier-II cities 2025 (NHB data), Shubham Housing Finance home loan interest rate calculator processing fee requirements application process customer care status empowers informal earners with low-CIBIL funding, PMAY doorstep subsidies, and no prepay fees—financing 65,000+ families. Ideal for Rs.5-50 lakh journeys. Apply at shubham.co or email
FAQs Related to Home Loans
Written by Ramandeep Sadana, Experienced Home Loan Advisor from last 10+ years
| Aspect | Details |
| Typical Disbursement Time | 3 to 10 days after submission of all required documents and completion of formalities. |
| Factors Affecting Timeline | - Complexity of the loan application- Property verification process- Financial profile of the applicant |
| Steps to Expedite Process | - Ensure complete and accurate documentation- Respond promptly to bank queries- Maintain clear communication with the loan officer |
| Additional Notes | Timeline may vary depending on the specifics of the loan and applicant. Regular follow-ups with SBI are recommended. |
Home Loan Reviews
| Component | Details |
| Formula | EMI = P×r×(1+r)n / (1+r)n−1 |
| Components Explained | P = Principal loan amountr = Monthly interest rate = (Annual interest rate ÷ 12 ÷ 100)n = Loan tenure in months |
| Example Inputs | Principal (P): ₹50,00,000Annual Interest Rate: 8.50%Loan Tenure: 20 years |
| Converted Inputs | Monthly Interest Rate (r): 8.50% ÷ 12 = 0.007083 (decimal)Loan Tenure in Months (n): 20 × 12 = 240 months |
| Example EMI | EMI = ₹43,391.43 |
Amortization Schedule (First 12 Months):
| Month | Principal (₹) | Interest (₹) | EMI (₹) | Outstanding Balance (₹) |
| 1 | 7,108.57 | 36,282.86 | 43,391.43 | 49,92,891.43 |
| 2 | 7,159.12 | 36,232.31 | 43,391.43 | 49,85,732.31 |
| 3 | 7,209.89 | 36,181.54 | 43,391.43 | 49,78,522.42 |
| 4 | 7,260.88 | 36,130.55 | 43,391.43 | 49,71,261.54 |
| 5 | 7,312.09 | 36,079.34 | 43,391.43 | 49,63,949.45 |
| 6 | 7,363.52 | 36,027.91 | 43,391.43 | 49,56,585.93 |
| 7 | 7,415.17 | 35,976.26 | 43,391.43 | 49,49,170.76 |
| 8 | 7,467.04 | 35,924.39 | 43,391.43 | 49,41,703.72 |
| 9 | 7,519.13 | 35,872.30 | 43,391.43 | 49,34,184.59 |
| 10 | 7,571.45 | 35,820.98 | 43,391.43 | 49,26,613.14 |
| 11 | 7,624.00 | 35,769.43 | 43,391.43 | 49,18,989.14 |
| 12 | 7,676.76 | 35,717.67 | 43,391.43 | 49,11,312.38 |
