Few times, we all have encountered a situation where a sudden expense popped up when you didn’t expect it. We have all been caught to suffer from some uncertain expenses at some point in our lives. In such situation, the first thing that comes to our mind is a loan that could be secured at the lowest possible rate of interest.

Nowadays, personal loan is an unsecured type of loan which makes it more attractive to avail as you do not have to pledge any asset as a security against the loan. Therefore, any individual with good credit score can “Apply For Personal Loan“. Most of the lenders in the market offer personal loan at smart interest rates and borrower friendly terms. Likewise, ShubhBank provides a seamless experience to the potential borrowers of budget friendly personal loan keeping in mind the monthly cash flow.

In this article, we will spotlight some reasons why you must secure a personal loan to overcome the financial shortfalls of your life.

Minimal documentation: ShubhBank demands very small set of documents in order to process your loan application. Even you do not have to fall for manual submission of the documents as we offer you the online service to upload your documents. We just require basic KYC documents such as identity proof, last 6 months salary slip, bank statements as well as address proof.

Flexible repayments: When you are done with all the requirements that lender has asked you to process the loan application, then the sales executive customizes the loan scheme that best fit your profile. It will help you to fulfill your financial requirements without the load of heavy monthly installments as we offer flexible repayment options for you.

Online accessibility: You can also “Apply For Personal Loan Online“ from the comfort of your space, these days. All you required to do is to visit our website ShubhBank.com and fill out the loan application form. Our loan executives will customize offers that will best suit your financial profile. One you get approved for loan, then the loan money will be disbursed directly to your bank account.

Quick approval: Once you complete the entire documentation along with application form, then the lending institution will carry out a basic verification process. After the verification, the lender will disburse the loan quantum to your account within few business days.

Multi-purpose usage: You can use this unsecured type of loan in case of an uncertain financial need or other long term requirements. You can fund either medical or wedding expenses, home improvement projects, travel expenses etc. with the disbursed loan amount.

Transparency: We have transparent loan processing right from the approval to the disbursal of loan. We work as per the loan agreement signed between us and the applicant. There are no hidden charges or loan terms that would arise out in later stages of your loan journey.

A personal loan from ShubhBank is pocket friendly and easily available and we also provide customer eccentric support to guide you through the whole loan process making a stress free experience for you.

Life is full of uncertainty; therefore, you don’t have idea when a sudden expense will pop up when you are not expecting it. In our lives, we have all been caught off guard by some uncertain expenses at some point. Those times, the only remedy to this crisis is borrowing that could be easily secured at the lowest possible interest rate. “Personal Loan“ is an unsecured type of debt making it more feasible to avail without pledging any asset as collateral against it.

Any individual with the ability to repay it can avail a personal loan. There are numerous lenders in the market who offer personal loan at smart interest rates and borrowing friendly terms. Likewise, ShubhBank’s Personal loan is fueled with flexibility and convenience. Our goal is to provide a seamless experience to customers and budget friendly loans keeping in mind the monthly cash flow cycles. Here in this article, we will spotlight the reasons why one must avail a personal loan with ShubhBank.

⇒ Online accessibility: You can easily avail a personal loan from ShubhBank from the comfort of your personal space. All you are required to do is click on our website ShubhBank.com and fill out the application form. Once you upload your basic information, the site will customize offers that will best suit your needs. You can also carry out this process offline by visiting our branch in tricity.

⇒ Nominal documentation: We ask for minimum documents in order to process your loan application. One does not have to fall prey to manual delivery of papers because you can upload the documents online. The basic documents required may include ID proof, latest bank statements, salary slip or address proof to “Apply For Personal Loan Online“.

⇒ Flexible repayment: Once you uploaded the documents along with application form, our representative will customize the offers that best fit to your profile. We always keep in mind your monthly income and other expenses while customizing the loan scheme. It helps you meet your financial requirements without the heavy burden of monthly installments.

⇒ Instant Approval: After applying for personal loan, we carry out a basic verification process on your given details. Post the evaluation process, we approved the loan until or unless you fulfill our eligibility criteria and disburse the loan quantum directly to your bank account within few business days.

⇒ No usage restrictions: One can use this loan can be used in case of any emergency financial requirement or other needs. You can also use the loan money to fund medical expenses, weddings, travel expenses or home improvement projects and merely anything with our loan offering.

⇒ Transparency: The process of approval to disbursal by ShubhBank is transparent. We work as per the agreement signed by the borrower. There is no place for any hidden charges or terms and conditions that would arise in later stages in your loan journey.


ShubhBank is the one stop remedy for your financial crunch. We have customer eccentric support team to guide you through whole loan process.

Every individual has different requirements for which they apply for a personal loan and need different loan quantum. These loans are unsecured in nature, so you don’t need to pledge any asset as security for the loan. Therefore, before approving your loan application, lenders make sure of your capability of repaying it back as well as the loan money from personal loan always depends upon your income as it is one of the major factors that decides your repayment capacity. The important question that comes in applicant’s mind is how much Personal Loan can be approved on the salary. This is the main reason why personal loans have higher rate of interest as compared to secured loans.

There are not any significant criteria to decide how much loan amount will be approved on your salary. However, the loan amount generally varies from lender to lender but it strictly depends upon applicant’s profile when you “Apply For Personal Loan“. In this article, ShubhBank has listed some of the factors that decide how much loan will be approved to you:

Income: As mentioned above your income is the one of the significant factor on which your loan approval depends. The higher are your earnings, the higher is the possibility of getting approved for a personal loan. The big figures of your income results in higher loan amount in your pocket to fulfill your all requirements.

Job stability: Job stability is another factor that decides whether you will be able to repay your secured money in the future or not. For instance, you are earning good but there is no stability in your profession, if you have been unemployed or was earning less at some point during present working scenario, thus conditions like this make you look more vulnerable to default on loan. Therefore, lenders hesitate to approve a bigger loan amount for “Personal Loan in India“ to you.

Your debt to income ratio: Your debt to income ratio reflects how much money you are left in pocket for your expenses after paying your monthly installments. Every lender finds it riskier to lend a higher loan quantum to an individual who is having a lower salary or higher debt to income ratio.

Your Credit Score: Your Credit Score indicates your repayment history for pre-existing loans or outstanding payments. All your credit report is of great use to the lenders as they decide your repayment capacity through it when you avail a Personal Loan. The one who has a low credit score is always the least preferred one to the lenders, and the loan amount approved to them is low as compared to the borrowers having good credit score.

These are some of the basic eligibility criteria such as age, salary slip, and bank statements etc. which decide your loan amount approved for a personal loan. Always remember any instance of a previous default on loan payments can hamper your chances of getting the desired loan money.