A home is not just a roof over your head but a reflection of your personality and style. You can refurbish your home into a more comfortable living space with Shubham Home Improvement Loans.
Why choose Shubham Home Improvement Loans?
We understand that basic upgrades add value to your home. A Home Improvement Loan is a secured loan that is taken to restructure, renovate, upgrade or rebuild your house. An individual can avail this loan to give their home a makeover without having to worry about the expenses.
You can use the funds for several purposes, such as
An individual can apply for a Home Improvement Loan either individually or jointly.
Below are some of the criteria that an individual must follow when applying for a Home Improvement Loan:
Shubham requires the standard KYC documents along with duly filled application forms to get started.
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 hassle-free and timely loan approval.
The maximum amount of loan that can be availed by an individual under the Home Improvement Loan is Rs. 10,00,000. Our Home Improvement Loan is reasonably convenient to use and repay in easy EMIs with affordable rates of interest along with minimal fees.
The maximum loan tenure on our Home Improvement Loan is up to 10 years. However, the borrower's age must not extend beyond 65 years at the time of loan maturity.
Shubham Housing Finance provides Home Improvement Loan to customers at a competitive interest rate starting from 17% to 19%. Considering the distinctive requirements of the varied customer, we offer customizable EMI options.
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).
Take the first step towards transforming your home with our Home Improvement Loan. We have simplified the process for you; check out the steps below:
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
Benefits of Home Improvement Loan
Give your home the makeover it needs with our flexible and affordable Home Improvement Loans. These loans come with a number of benefits, including:
Loan for informal incomes as well
Hassle-free Home Loans
Less Documentation
Long Tenure Loans
Customizable EMI's
Home Improvement Loan for Cash Income
Buying a home remained a distant goal for people who are earning cash income because banks don't offer home loans without documentation and proof of income.
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.
FAQs on Home Improvement Loan
It is a loan to renovate your existing home in ways such as tiling, flooring, internal/external plastering and painting, etc.
A Home Improvement Loan is available for those who wish to renovate their current home/apartment/floor. Customers with current home loans may also take advantages of a Home Improvement Loan.
CIBIL score is one of the most important criteria used by a lender in assessing an individual's credit worthiness. However, in case if you have a low credit score, you can still apply with us. At Shubham, we accept applications of individuals with low CIBIL score.
You can avail a Home Improvement Loan for up to 10 years.
Yes. Under the Income Tax Act, 1961, you are entitled to tax benefits on the principal and interest components of your Home Improvement Loan. Since the benefits will change each year, please check with our Loan Advisor on the tax advantages you could avail on your loan.
Administrative and Operational Costs of up to 3% will be charged to applicants.
