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WHY TO GET A LOAN FROM SHUBHBANK WITH INSTANT E-APPROVAL?

Posted on Monday April 17th, 2023

Nowadays, loans have come up with the significant feature of e-approval with digital lending. The online service has cut down the previous tradition of loan where you have to go to lending institution first then there you had to fill an application form and to submit piles of papers. However, loans with e-approval will be sanctioned within a day in a hassle free manner.

This online feature of loans make the instant e-loans great for any kind of financial emergency where the funds are required for medical urgency, for quick travel plan, for debt consolidation and even for buying a new home or a car and for many other things. We at ShubhBank understand the importance of time and your needs, so we have the facility of e-approval to assist you in financial emergency.

In this article, we will guide you through some of the features offered by ShubhBank on online loans:

→ No physical documentation: Our bank offers you a loan with zero legwork and paperwork. However, few documents are required to APPLY FOR A LOAN which may include age proof of the borrower’s address as well as income proof which can be submitted online with an ease. One has to submit scanned copies of the entire documents on our lending portal.

→ Fast processing: At ShubhBank, you loan application will be approved within a day as it offers you an e-approval. If you meet the eligibility criteria asked by the lender and all went right then you will get an approval message on your phone within few hours.

→ Help by loan executives: When you avail a loan from ShubhBank, our loan executives are always ready to help you and guide you through entire loan processing. Therefore, if you have any doubts or queries regarding a loan processing, you can get in touch with our executive and get all the answers that you want to know.

→ Quick disbursal: As we have mentioned above that loan approval by us takes only few hours and the loan and the loan amount is disbursed to your bank account within a 24 hours of approval.

→ Affordable interest rates: ShubhBank offers comparatively lower rates of interest as well as lower processing fees for instant e-loans which vary depending upon certain factors such as loan amount, repayment period and your debt-to-income ratio. We have zero hidden charges and processing fees is only 1-2% of your loan amount.

→ Secure platform for borrowing: We at our lending institution understand and respect your privacy. Therefore, your personal information I never shared with anyone. Moreover, we also understand the significance of the details you provided us. For the safety of our borrower’s details, all the transactions on our website happen through secure server.

Hence, all that it takes is just few quick and simple pointers to APPLY FOR A LOAN ONLINE at ShubhBank. Our instant e-loans are the quickest and effective for both the lender and the borrower. So, what are you waiting for, if you are also in need of financial assistance, then a loan is just a few clicks away.


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HOW TO ACCESS FUNDS THROUGH LOANS WITHOUT ANY HASSLE?

Posted on Friday March 31st, 2023

A loan is a form of credit or called as savior that can help you to meet financial exigencies with several other benefits. People can use it for travel expenses, home renovation, wedding or buying their favorite gadgets etc. Loans have wide scope and the options for repayments are aplenty.

However, when you APPLY FOR A LOAN the process seems to be overwhelming sometimes especially when you don’t know where to start and how to do it. In this blog post, we will guide you with some tips that how you can get the funds without any hassle. Have a look on such hacks:

✓ Understand the loan process: Every lending institution has own loan norms and process, so understanding that process as well as getting prepared beforehand will ensure you to access funds quickly. While extending you loan money, lender will check your employment status, salary slips and credit score etc. One can also check his/her eligibility through lender’s website or assistance through phone by loan representative.

✓ Understand the documentation: Once you apply for a loan, the financial institution will ask you for some basic documentation to verify your credit worthiness and financial status. To illustrate, if you apply for a loan at ShubhBank, a borrower needs to submit a copy of their identity such as Aadhar card or passport, a copy of PAN, latest bank statements and credit card details to set up an e-mandate.

If you have all these documents in hand, you can avail any kind of loan to fulfill your financial goals without any trouble.

✓ Start your loan planning early: It is the most helpful tip to get a loan which means if you have an emerging financial need then start researching for loan in time. Go online and compare different lenders and the interest rates offered by them to get a best deal for your financial requirements.

Get a look on all the aspects of loan such as required loan amount, repayment and the time it will take to pay back entire amount. Planning such things early can help you to get best fit for loan and avoid unnecessary stress.

✓ Plan your EMIs well: A good financial plan will help you to accommodate your monthly installments for the loan easily. One can also use a different bank account for their loan repayments to avoid any delays in the EMIs. An individual can also invest their money simultaneously and utilize such returns to repay the loan.

✓ Get a financial expert: Taking an advice from a financial expert will help you when you get stuck in any financial situation whether it is choosing a suitable loan product, repayment planning or understanding the impact of loan on your financial health etc.

Hence, you can get a loan easily by following such simple tips or hacks and there is no need to go out of your way. One can APPLY FOR A LOAN ONLINE after a mere research, planning as well as dome expert advice. Keep these tips and tricks in mind to meet unforeseen expenses without any hassle.


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HOW TO APPLY FOR A LOAN WITHOUT HIDDEN CHARGES?

Posted on Wednesday December 7th, 2022

Nowadays, loans are very popular financial tools among people to fulfill their financial needs. They offer potential to the borrower to shed off their financial constraints and to enjoy great deals on loans such as flexible repayment tenure, instant disbursal and low interest rates. One can APPLY FOR A LOAN to handle a financial crunch as it is easy to go financing option.

Therefore, loans are common these days and can be availed under two categories like secured and unsecured loans according to your need. Sometimes, when you get a loan from specific lender, your loan cost comprises some hidden charges which can burn a big hole to your pocket.

In this blog post, we will guide you through various hidden charges like late payment penalty, pre-payment charges, processing fees, balance transfer cost etc. levied by the lenders and how to avoid them to save your hard-earned money.

→ Read the loan agreement carefully: While availing any kind of loan, it is advisable to go through the agreement before signing the final copy because this document enlists all he types of charges that lender can levy upon you under different circumstances.

You must read carefully about the payable interest rate, repayment mode, repayment tenure as well as other terms and conditions. Take your time to read the fine prints to nullify any mistake and then sign the loan agreement.

→ Plan the repayments: It would be wise and effective thing to plan your EMIs according to your repayment capability to avoid the delay in repayments.

There are number of lending platforms that let you use EMI calculator to check the repayment amount for particular repayment period from which you can get an idea that how much you can repay easily to avoid any penalty in the future.

→ Be aware of different fee types: One must be aware of every kind of payable charges and fees types that are involved in specific loan product because having knowledge beforehand can help you to plan your repayments well and you can avoid any situation that can levy any additional or hidden charges on you.

→ Get a loan from reputed lender: With the emergence of new-age fintech companies, it has become easier to access the loans. You can APPLY FOR A LOAN ONLINE or offline by meeting the eligibility criteria specified by the lender and by uploading required documents.

One can get funds disbursed to their bank account directly once their loan gets approved. The approval is based upon various factors such as eligibility criteria, income, and age of borrower as well as after the verification of submitted documents.

So, it would be better option to avail a loan from a reputed lender like ShubhBank to keep yourself away from all such hidden charges to make your loan journey stress-free.

Hence, we have listed such factors to make you aware of unnecessary charges levied by some of the lenders and are guiding you that by exercising a bit of caution while signing any loan application, you can avoid any kind of hidden charges.


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WHAT DEMANDS CAN BE FULFILLED BY APPLYING FOR A LOAN?

Posted on Friday October 21st, 2022

Today, there may be numerous reasons that may prompt you to avail a loan for your financial needs whether it is to pay for hospital bills, buying a new home or vehicle, higher studies, business needs or even consolidating your debts. The convenience and easy application for loans make them a popular financial tool among people. You can Apply For Loan despite of taking it as liability as there are flexible repayment options offered by the lenders these days.

In addition to that, getting a loan can help you to attain a strong credit report with a positive repayment history. Therefore, when you want to avail higher credit in future, such as business loan or home loan, lenders will review your application favorably because you would already have proved yourself as a low risk borrower. Now, we will take a look on some of the top reasons for which people avail a loan:

✓ To fulfill personal aspirations: Every single person has a set of aspirations that they want to achieve in their lifetime such as buying a fancy gadget, home renovation or buying a luxury car. A loan can help you to meet all these aspirational purchases because most of people still live on fixed monthly income.

One does not need to dig into his/her emergency funds to finance these expenses ensuring your loved ones are taken care if you are not there. A loan can help you to make these purchases easily and you can pay the lender in easy installments. You can also use EMI calculator to get an estimate of your installments and set budget accordingly.

✓ To consolidate the debts: In case, you have missed some of your previous loan EMIs or credit card bills then you have fallen into a debt trap. One can use a loan as financial route to consolidate such debts to tackle the situations and bring all your financial liabilities under single roof. Moreover, when you bring multiple repayments to a single monthly payout, it will help to boost your credit rating.

✓ To fulfill business needs: The major challenge in setting up or expanding a business is to find a funding for it. It is a fact that everyone is not blessed with significant savings so to overcome such scenario, opting a loan could be a best way to fulfill your business needs.

You just have to meet basic eligibility criteria proposed by the lender with a robust business plan. Once you fulfill the criteria, your loan will be disbursed into your bank account and you can utilize it to fund various business operations.

✓ To meet emergencies: However, you are prepared with some savings but future is unpredictable and you may face some circumstances where you are not in position to meet the financial expenses such as medical bills, emergency travel and car breakdown etc. therefore, you can Apply For Loan Online to meet the entire expenses.

Hence if you need a quick flow of cash, a loan is undoubtedly the best way out. One can avail a loan after reviewing all the terms and conditions as well as the interest charges applicable on it to make the loan journey stress free.


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WHAT TO REVIEW WHILE APPLYING FOR LOAN AGAINST PROPERTY?

Posted on Monday October 17th, 2022

As the name reveals, Loan against property is a secured form of loan provided by lender against any immovable property. A borrower can mortgage his/her residential or commercial property as security to procure the loan money. The loan quantum varies from one lender to other and can be compromised around 70-75% of the property’s market value. It is good to keep in mind that when you Apply For Loan against property you need to repay it in EMIs in fixed tenure.

A Loan against property requires collateral so one has to keep the property papers as security with the lender. In case you default on loan for any reason, then your pledged property rights will be transferred to the lender. Therefore, make sure to pay the monthly installments on time without any delays or interruption. To make the loan journey easy, one should review few points while applying for a loan which is mentioned below:

✓ Repayment period: The repayment of a loan is most important factor as it impacts your creditworthiness. However, mortgage loans are secured type of loans; lending institutions usually offer a longer repayment tenure which could go up to 15-20 years depending upon the age of borrower, income and eligibility criteria.

✓ Loan quantum: The other key factor is the loan money which will be disbursed to you to fulfill your financial needs. Since you have pledged your property with lender so higher loan quantum will be offered depending upon the market price of your property. Before approving your loan money, the loan officer will evaluate your property’s value, income, past payment history as well as credit score.

✓ Rate of interest: The next thing to look upon is interest charges because the rates are lower in the case of Loan against property. More secure will be the loan, lesser will be the rate of interest and vice versa. When the lender has less monetary risk, they can offer you a lowest possible rate of interest depending upon the principal amount.

✓ Loan processing time: Unlike unsecured type of loans, the secured type of loan such as mortgage loans take time to process as lender needs to evaluate the property papers and its worth depending upon the current market value. This due diligence ends up extending the time needed in processing the Loan against property.

✓ Eligibility criteria: It is one of the main factors that decides whether your loan will be approved or not. Once you meet the eligibility criteria that involve age, income as well as credit score then lender will disburse the loan money directly to your account. The lender also provides you the quality services after you Apply For Loan against property Online or offline as the loan journey could continue for up to 15-20 years.

Hence, Loan against property offers you numerous advantages such as lower interest rate, longer repayment period, higher loan quantum as well as greater flexibility; you will find it the much easier and convenient option to tackle your financial crisis. It is kind of credit solutions that offer needed funds as well as post disbursal services.


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HOW ONLINE LOANS ARE CHANGING THE WHOLE LENDING SCENARIO?

Posted on Thursday September 22nd, 2022

Nowadays, digital technology has entirely changed the way of borrowing and lending the money. There are number of bank and NBFCs that marked an online presence through their websites, lending portals and lending apps for taking the loan procedure to a whole new level. Access to online lending market has made it easier for borrower to Apply For Loan these days.

The time taken to approve your loan application has been reduced significantly to 2-3 business days and physical process involved in authenticating the CIBIL has been replaced by API which automatically lessened the turnaround time. Therefore, the entire process of loan sanction has been made pretty easier. Here, we will discuss about some of the features related to online loans:

Basic eligibility criteria: Most of the lending institutions have very easy and simple eligibility criteria for sanctioning a loan. This makes it convenient for a wide variety of people to get a big or small ticket loans. Nevertheless, one must have a really good credit score for availing such types of loan solutions.

Paperless transactions: The lending institutions that offer online loans provides an easy documentation process with the help of lending apps and online submission of required papers. It means there is no need to visit the branch physically to avail any loan because you can simply get it approved by sitting at your home or office.

Faster processing: Once you submit all the required documents, your loan application get processed within 1-2 days and then the loan money is disbursed directly to your bank unless and until you have a good credit score. The loan procedure starts with meeting up eligibility criteria and ends with the loan quantum required for disbursal.

No hidden fee: When you avail any kind of loan, make sure to read all the terms and conditions regarding loan, interest rate, minimum payable amount for every month carefully. Well, all these terms are highlighted on the lending portals and phone applications making it hassle free to you access the portal and Apply For Loan Online easily.

Affordable interest rate: Those days are gone now when the interest rates were handled by the bank managers because there is no space for favoritism as rate of interest are highly competitive these days. In recent times, any borrower will be eligible for rate of interest evaluated by the system based upon their credit profile, thus eliminating human bias.

Great customer support: Every lending institution provides both instant approval as well as 24X7 customer support to your queries by emails, SMS or phone calls. They give you a faster resolution and peace of mind regarding your question related to entire loan process. Nowadays, loan companies give you all the pre and post loan services along with financial solution.

Hence, the scenario of the financial sector has changed radically with the advancement in digital technology and online loans which are simple, convenient, paperless as well as seamless to access. One can apply for desired loan solution to meet a variety of personal and professional needs.