In recent times, our basic needs have started seeking faster gratification too such as the needs for funds. Therefore, personal loans give an easy remedy which is always within the reach of an individual and is the remedy to today’s financial needs. You can “Apply For Personal Loan“ for any of your need such as buying a new gadget, wedding, setting up a new business, creating an art studio and many more.

Well, in previous times, getting a personal loan was a daunting task. The time taken to get the approval on loan, submitting the piles of papers and hidden charges deterred loan seekers as they wanted their needs to be fulfilled as soon as possible. Nowadays, the process of applying a loan has been simplified. The digitalization has made the life easier and enhanced the popularity of Personal loans.

There are number of aspects related to the processing of loans such as application process, documentation, approval etc. Here, we have mentioned few steps that one needs to follow to get a Personal Loan.

Eligibility Criteria: There are some of the criteria which one needs to fulfill to get eligible for loan which requires you to be an Indian resident above the age over 21 years and his/her net monthly income to be over INR 25,000. If you fulfill all these criteria, you can move to the further step of application.

Application Procedure: At this step, one has to fill the application form on our website ShubhBank.com or you can visit out branch in tricity. In this form, you have to fill in the details such as name, type of loan, your address, the details of your employment and other required fields.

Documentation: You can say goodbye to humongous paperwork these days. All you need to do is to submit your documents at branch or you can upload all the documents on our website following Aadhar card, PAN card, last six months salary slip as well as bank statement, ITR returns.

Verification: The lending institution will evaluate your application, check the credit score and go through the documents. If you fulfill all the considerations regarding Personal Loan, you chances of getting an approval on loan are very high. Once the loan gets approved, the loan quantum is disbursed to your mandated account.

Disbursal: It takes 2-3 business days for the loan amount to get credited directly to your bank account if you “Apply For Personal Loan Online“. With minimum documentation that is needed to be submitted for loan approval, the loan procedure gets as easy as pie.

Personal loans from ShubhBank are the best financial solutions that will come to your rescue in any emergency. These loans are fast, easy to process and require less documentation. We at ShubhBank, understands your requirements and create tailor made solutions to address them. Therefore, if you need a Personal Loan for any need, do visit our branch or get in touch with us through our website. We will gladly assist you in securing the Personal Loan.

Loan against property is granted to any individual who owns a property by any lending institution. In such times, a COVID outbreak has elevated the expenses more than the income, therefore, people who have to deal with long term financial issues, a safe solution which can help them for long years is to “Apply For Loan against property“.

In our country, the majority of financial institutions offer loan against property to a person who owns any residential or commercial property. It is meant to be secured loan as you have to keep your property as collateral to access the funds. Hence, the interest rates are lower than personal loan because of the security. There are few ways to follow which will help you to get the best deal on loan against property at lowest interest rate.

Maintain a good CIBIL score: It is very important to maintain a good credit score to secure any type of loan. However, it sounds difficult but in real, it is very simple to maintain your credit history. One needs to pay his/her bill payments, credit card dues and other loan repayments on time every month without doing any default.

Steady income and savings: Another key factor to secure the loans at lowest rate of interest is to maintain a steady income, especially as long as you have any pre-existing loan in your name. However, without a stable source of income or enough savings, it becomes difficult for you to repay the monthly installments and to clear all your debts. If you default on any of the repayments, you can lose your rights on pledged property.

Plan your budget: The important thing that one should be aware about is to manage the funds what they have. Thus, it is good to control all your unnecessary expenses otherwise it might hurt you in the long run. It will ultimately help you to save more at the end.

As a loan against property is known for a loan that lender provides a borrower against the property which is under his/her name, so lender will check your property ownership papers. A lending institution will send a team of valuators who will evaluate the market price of property to be pledged. You can secure up to 70-75% as a loan quantum depending upon the current market price of the property.

We can say that the people who wish to own a huge amount to clear their debts and to face the emergencies such as higher education abroad, to pay medical bills etc. they can “Apply For Loan against property Online“ or offline as it will act as a boon for them.

It will be smart choice to follow the above mentioned points and to maintain every required document to get approved for loan. If you are looking for the best loan against property experience, you can contact ShubhBank or you can apply online at our website and we ensure you the best deals at the lowest interest rates in the market.

Owning your dream house is a big deal for any individual for which he/she has to work hard and has to seek the financial assistance from any financial assistance to make their dream come true. Most of the population in our country starts earning at their early age and their dream of having their own home starts building up soon.

As all knows buying a home surely is a biggest investment as it has many charges included in it such as down payment, property taxes, registration charges, stamp duty etc. However, in your 20’s it is not an easy job to “Apply For Home Loan“. In this article, we have mentioned some of the hurdles and ways to tackle them to get your home before you turn 30.

Age: It is the basic criteria for any loan to be of age 25 years and if you are in early 20’s and want to avail a home loan, lenders may not be interested to process your loan. To your surprise, you can add your parents as co-applicant to assure the lender about repayments or you can produce proof of employment if you are working for more than a year to get a loan.

Steady income: At such early age, some youngsters just have completed their studies and have started their employment. Either they are self-employed or salaried individuals, it becomes difficult to secure a home loan.

If you are salaried, you can provide the lender with Form 16 for 2 years or salary certificate with copy of ITR whereas self-employed can submit the challans proving the paid advance income tax, assessment orders for 3 years, business proof and audited statements from last one year. If lender asks you to wait for said time then you can save funds for the down payment of your house.

Credit score: In your 20’s, it is difficult to have a strong credit score. One needs to have a good credit history, savings, balanced credit card payments, earlier repayment history etc. to build a strong credit history. It’s too much to expect these things from someone as young as in his/her early age. One should have prior knowledge about CIBIL score before they “Apply For Home Loan Online“ or offline and start building the store from the very start of their employment.

Documents: One needs to have very specific documents in hand to avail a home loan. Before applying, you should start planning and get all the documents one by one in hand to avoid any rejection in the processing of a home loan. These documents may include your Aadhar card, PAN card, copy of approved plan for the construction of home, cost estimation from the bank’s panel, NOC of the society, other property papers etc.

Well, the requirement of documents and eligibility criteria for loan differs from lender to lender but the above mentioned list is basic one. Now when you know all about the hurdles and ways to get a home loan in early age, start planning from right now.

Nowadays gold prices have rocketed to 50,000 for every 10 grams which is known to be highest price ever in the country. Undoubtedly, gold is quite desirable among Indians in various aspects such as for weddings, savings, and investments or for many more reasons.

As a whole nation is suffering from pandemic, it is difficult for everyone in this falling economy to survive. If there is a medical emergency and expenses can go up to several lakhs or to cover up any loss in the business, you can “Apply For Gold Loan“ to fulfill your needs. In this article, we have mentioned a list of FAQs with answers to make you understand better about loan basics.

Which jewelry can you pledge?
If you are planning to opt for a gold loan, you can pledge any of your gold ornaments and your loan quantum will be decided on the basis of purity of your gold. However, gold bars or coins will not be accepted by any lending institution.

How one can avail a gold loan?
To avail a gold loan, you just have to get in touch with selected lender either online or offline. Once the lenders assess the purity of your gold, they will evaluate the loan money that should be approved for you. The loan money cannot be more than 75% of the market price of gold as per RBI guidelines.

Is your gold safe with lender?
There is always a risk factor when you apply for any secured loan as you have to pledge an asset to the lender. Therefore, be aware of all the terms and conditions proposed by the lender. You can also apply for a gold loan via ShubhBank where you don’t need to worry about the safety of your gold.

What paperwork you need for gold loan?
A gold loan requires a minimal documentation which may include your recent passport sized photographs, ID proof and residence proof. The individuals, who don’t possess a PAN card, can submit a Form60.

How much time it takes to get a gold loan?
Either you “Apply For Gold Loan Online“ or offline, it is the fastest loan solution to get approved. If you have all documents in hand, you will get the loan quantum disbursed in your bank account within few working hours.

What are the charges on gold loan?
The charges involve processing fee, repayment charges as well as evaluation fees. While applying a loan against gold through ShubhBank, one can unlock the best deals ever at the lowest possible rate of interest.

What if you don’t repay a gold loan?
If you are unable to repay the loan money in any case, you should know that lender has every right to auction your pledged gold to recover the outstanding dues of your loan.

Hence, if you want to apply for a best and cheap Gold Loan in India, visit ShubhBank or click on our website and we will always be there to help you to fulfill your financial needs.

An EMI or equated monthly installment is the payment which you are charged for repaying the loan amount you are approved for and interest charged on it. It will not be the same amount until the end of the repayment period. There are number of factors that impact the amount of the installments that you pay towards the principal amount when you “Apply For Loan“. We have mentioned some of the factors that can highly affect your EMI in this article. Let’s have a look:

Change in interest rate: Your rate of interest can vary many times during the tenure of the loan. However, it can impact you in both positive and negative way as if interest increases, you will have to repay more EMIs whereas a reduced interest rate can lower your installments.

Generally, there are two types of interest rate- fixed and floating. If you choose fixed interest rate on your loan, then changes in the rate will not affect your EMI but if you go for a floating rate of interest on your loan, then your EMI keeps on changing with the change in RBI rate guidelines.

Prepayment of loan: One has a right to prepay a lump sum amount to close the loan. Every lending institution has a provision for extra payments made over and above the equated monthly installments. Some of the lenders will allow you to prepay the loan but will levy 1-3% charge for foreclosing the loan.

One needs to be cautious and should know the terms and conditions about prepayment charges before availing a loan. Most of the lenders waive off the prepayment charges if you are paying off from your own pocket such as using your bonus or investment, however, if you are taking a loan from other lender to pre pay the existing loan, they can charge you more.

Change in repayment period: When you negotiate your loan tenure with your lender or planning to switch to a new lender with a new repayment structure, it will surely change your EMI. To exemplify, if you switch to a long tenure, then you have to pay a less EMI but if you opt a short tenure then your EMI will be high.

One of the associated benefits with short tenure is that one can repay the loan faster but a long tenure will result in less EMI which can shed off your loan burden. The only disadvantage of long tenure is that you will end up paying more.

Flexible repayment options: Every financial institution provides you flexible repayment with step up and step down options. One have to pay lower EMIs at the start and as the tenure reaches end, one pay higher EMIs in the step up process which is good for people who take a home loan in early age while in step down, one will pay higher EMIs in the initiative period and as the tenure reaches the end, he/she will pay lesser EMIs which is better for individuals who are near to their retirement.

You can switch to ShubhBank to “Apply For Loan Online“ or offline that provides number of loans for fulfilling your requirement and offers the best EMI for you.

Having your own property or home can be a boon in more ways than once. It provides you and your loved ones a roof over their head or you can rent it out for second earning. Your valuable property or house can also help you to obtain huge amount of funds for a particular event. These expenses for personal events include exotic vacation, funding child’s higher education or wedding that occurs suddenly or demand arranging funds in shortest possible time.

One of the convenient and hassle free solutions to arrange these funds is to “Apply For Loan against property“. It is a kind of secured loan that disburses loan money against your property pledged as collateral. The amount of loan approved depends upon various aspects such as current market value of the pledged property, your income source, debt to income ratio, credit score etc. A loan against property can be a best financial solution for funding personal expenses as per following reasons:

Multi-purpose Loan: It is the biggest advantage of a mortgage loan that it has the flexibility to utilize the money for different purposes. Generally, some of the mortgages in financial sector are limited to specific purpose and can’t be utilized for other purposes. The funds on loan against property are granted without any restrictions on their usage. Usually, 60-70% of the market value of the property is granted as loan money.

Flexible interest rates: The interest rate is the key factor that influences the decision of taking this property loan. The loan rates also depend upon number of factors such as CIBIL score, monthly earnings, market value of property, along with type of mortgage you are applying for. With all the documents in place and good credit score, one can enjoy competitive rates on loan against property that are flexible.

Extended tenure: The repayment period for this type of mortgage unlike other mortgages is longer. It could be as long as home loan, 15-20 years. Hence, you have ample amount of time to earn money and repay the borrowed amount. Some of the lenders also offer value additions like balance transfer and additional finance as well.

When you “Apply For loan against property Online“ or offline, you would have to prepare some documents related to your income, property and identity along with your loan application. After verifying your application and documents, the terms and condition of the loan will be finalized. It is advisable to research all about the lender and lending schemes better to fulfill the eligibility criteria of borrowing.

Mortgage gives you the opportunity to realize the financial potential of your residential or commercial property. You can visit the Shubhbank for loan against property having years of experience in lending sector and expertise that will help you obtain a fully customized loan with exclusive features and benefits. One can also choose from wide range of property loans to meet your individual requirements. ShubhBank is the financial institution which is reliable and reputed mortgage provider with significant network across the country.