Frequently Asked Questions

Shubhbank.com is a loan and credit product sourcing platform that helps customers discover suitable finance options through lending partners such as banks and NBFCs.

Shubhbank assists customers with discovery, enquiry and lender connection. Final approval, sanction amount, pricing and disbursal are subject to the respective lender's policy.

You can select the relevant product, fill the enquiry form, use the loan assistant, or contact the Shubhbank team. The team will guide you on eligibility, documents and next steps.

Interest rates vary by lender, product type, credit profile, income, tenure, collateral and market conditions. Shubhbank helps you compare available options.

Shubhbank uses your information to process enquiries and connect you with relevant lending options. You should review the privacy policy for complete details on data usage and handling.

A personal loan is an unsecured loan that you can use for any personal expense like home renovation, education, travel, wedding, medical needs, or debt consolidation.

Typical eligibility includes age 21-60 years, minimum annual income of Rs. 2-3 lakhs, good credit score (600+), and stable employment history. Criteria vary by lender.

Personal loan amounts typically range from Rs. 50,000 to Rs. 50 lakhs, depending on your income, credit score, and loan tenure. Lenders assess your repayment capacity.

Generally required: ID proof, address proof, income proof (salary slips/IT returns), bank statements, and employment verification. Shubhbank guides you through document requirements.

Interest rates typically range from 9-18% per annum, varying based on your credit score, income, loan amount, and tenure. Shubhbank helps compare rates from multiple lenders.

A business loan is financing provided to businesses for working capital, expansion, equipment purchase, inventory management, or other business needs.

Eligibility includes registered businesses (1-3+ years old), minimum annual turnover, profitable operations, good credit history, and collateral availability for secured loans.

Business loans can be used for working capital, equipment purchase, inventory financing, business expansion, technology upgrades, or operational needs.

Typically: business registration documents, ITR (Income Tax Returns) 2-3 years, bank statements 12 months, balance sheet, and collateral documents for secured loans.

Interest rates typically vary from 10-16% per annum based on loan type, amount, tenure, credit profile, and collateral. Shubhbank helps compare partner offerings.

A home loan is financing for purchasing, constructing, or renovating a residential property. The property serves as collateral for the loan.

Maximum loan amount typically ranges from Rs. 25 lakhs to Rs. 1 crore+ depending on property value, income, credit score, and lender policies.

Home loan tenure typically ranges from 5 to 30 years. Longer tenures reduce monthly EMI but increase total interest paid.

Typically: age 21-60 years, minimum income Rs. 3-5 lakhs annually, good credit score (650+), stable employment, and property documentation.

Interest rates typically range from 6.5-9% per annum, varying based on credit score, loan-to-value ratio, tenure, and market conditions.

A gold loan is a type of secured loan where you pledge your gold ornaments or bullion as collateral to borrow funds. You retain ownership rights and can reclaim the gold after repaying the loan.

Gold loans are typically processed quickly, often within 24-48 hours. Shubhbank helps guide you through the process with our lending partners for faster approval.

The loan amount depends on the weight, purity, and current market value of your gold. Typically, lenders provide 70-90% of the gold value. Contact us for a precise valuation.

Interest rates vary by lender and market conditions, typically ranging from 7-15% per annum. Shubhbank can help you compare options from multiple partners.

Yes, lending partners maintain strict security protocols and insurance coverage for pledged gold. Your gold is stored in secure vaults with proper documentation.

A credit card is a payment instrument that allows you to borrow funds from the card issuer to make purchases, with a requirement to repay later.

Typically: age 21-65 years, minimum annual income Rs. 2-3 lakhs, good credit score (650+), stable employment, and clear credit history.

Benefits include reward points, cashback, travel benefits, purchase protection, and interest-free credit period (typically 20-50 days).

If you don't pay the full balance by due date, interest is charged at 24-42% per annum. Full repayment on time avoids interest charges.

Generally: ID proof, address proof, income proof (salary slips/ITR), PAN card, and bank statements. Requirements vary by card issuer.

An education loan is financing specifically designed to cover higher education expenses including tuition, fees, accommodation, books, and other educational needs.

Typically: students aged 18+, admission to recognized institutions, co-borrower (parent/guardian), good academic record, and stable financial profile of co-borrower.

Education loans cover undergraduate, postgraduate, professional courses (engineering, medicine, MBA, etc.), and vocational training at recognized institutions.

Maximum loan amount typically ranges from Rs. 10-20 lakhs depending on course, institution, and co-borrower income. For studies abroad, limits can be higher.

Interest rates typically range from 7-10% per annum. Some lenders offer subsidized rates during study period with repayment starting after course completion.

A machinery loan is financing for purchasing industrial equipment, tools, or machinery for business operations. The equipment serves as collateral.

Typically: registered businesses, minimum 1-2 years operations, good turnover history, acceptable credit profile, and new/used machinery as collateral.

You can finance industrial machinery, equipment, tools, or technology essential for business operations. Used equipment may also be financed.

Machinery loan tenure typically ranges from 3-10 years depending on equipment type and useful life. Tenure matches depreciation schedule of equipment.

Interest rates typically range from 9-14% per annum based on loan amount, tenure, business profile, and equipment value. Rates are usually lower than unsecured loans.

A loan against property (LAP) is a secured loan where your residential or commercial property is pledged as collateral to borrow funds for any personal or business need.

You can use LAP funds for business expansion, debt consolidation, education, medical needs, home renovation, investment, or any personal or business requirement.

Maximum LAP amount typically ranges from Rs. 25 lakhs to Rs. 2 crore+ depending on property value, location, and lender policies. Typically 40-70% of property value.

Interest rates typically range from 7-12% per annum, usually lower than personal loans due to collateral security. Rates vary based on property value and loan amount.

Your property remains with you and you continue living in it. Risk arises only if you default on payments, in which case the lender can take possession.