From a very young age, people start thinking about their home – how they want it to look, what all things they will have in the house, etc. But as they grow up, they realize that to make their dream come true, they need money, which is not easy to save with the current economy and inflation. To help people buy their dream homes, banks, and NBFCs like Shubham Housing Finance offer home loans, and to take it a step further, Shubham provides a loan to those with cash income.
But before anyone takes a home loan, he/she must know exactly how much would be the EMI that they would be required to pay. Hence we have created a Home loan “EMI calculator to help our customers calculate EMI on their home loan with ease. Knowing the monthly EMI amount is crucial for calculation of home loan liability and planning your home buying journey better.
SHDFC’s Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps our customers make an informed decision about the monthly outflow towards the EMI on the housing loan. This can also help estimate the loan amount that can be availed at a particular amount of monthly EMI.
Our tailor-made home loans cater to customers of all age groups and employment categories. Shubham Housing Development Finance Company offers home loans to people with cash income. Customers can avail the loan to buy a new house/flat/plot, construct the house, extend or renovate an existing one. The Shubham Housing Finance home loan interest rate ranges from 13.5% to 18% p.a.
With our experience of providing home finance for over decades, we can understand the diverse needs of our customers and fulfill their dream of owning a home.
SHDFC offers various repayment plans for maximizing home loan eligibility to suit the diverse needs of customers.
Step Up Repayment Scheme
Step Up repayment scheme offers an option where the repayment schedule is linked to the expected growth in your income. You can avail a higher amount of loans and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.
Flexible Loan Installments
Shubham offers a customized solution to suit your repayment capacity. The loan is structured in such a way that one can decide the EMI/ monthly installment amount as per their convenience and comfort.
Tranche Based EMI
If you purchase an under-construction property, you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs after that. In case you wish to start principal repayment immediately, you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.
This option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income, which will help you in repaying the loan much faster.
Easy Repayment Option
With this option, you get longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.
After getting an estimate of EMI using the calculator, you can apply for home loan Shubham Housing Development Finance Company