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| Shubh Loans Personal Loan Highlights | |
| Interest Rate | 1.25% – 2% per month onwards |
| Loan Amount | Upto Rs. 5 lakh |
| Loan Tenure | Upto 48 months |
| Eligibility Age | 21 – 60 Years |
| Minimum Monthly Salary | Rs. 12,000 |
Salaried individuals can avail a short term personal loan from Shubh Loans at an attractive interest rate starting as low as 1.25% per month. Starting from Rs. 25,000 a personal loan from Shubh Loans can help you to deal with various personal expenses like a wedding, medical emergency, home renovation, etc. The loans come with a flexible repayment tenure extending up to 4 years, can be easily availed online and require minimal documentation.
Table of Contents
Features of Shubh Personal Loan
- Loan amount: Shubh Loans offers personal loans starting from Rs. 25,000 and up to Rs. 5 lakh to fulfill various individual financial needs
- Flexible tenure: Shubh Loans come with a flexible repayment tenure ranging between 1 to 4 years, which an individual can choose as per his own convenience
- Transparent service: Shubh Loans offer transparent services to all the individuals so that they can avail the right loan amount and don’t regret their decision in future.
- Top- up loan: Shubh Loans allows you to avail additional funds by availing a top- up loan after completing of half of the original tenure of your current loan.
- Widespread availability: Shubh Loans is at present serving customers in Delhi/NCR, Kolkata, Mumbai, Bangalore, Chennai, Hyderabad, Ahmedabad, Chandigarh, Pune, Nashik, Jaipur, Mysore and Coimbatore.
- Quick disbursal: Once all the necessary documents are received and verified, the loan typically gets processed within 2 working days.
Shubh Personal Loan Interest Rates
Shubh Loans offers personal loans at an interest rate starting as low as 1.25% – 2% per month. Interest rates for personal loans applicable to a particular applicant is dependent upon various factors including credit score, customer segment, loan amount, etc.
Eligibility Criteria
The following eligibility criteria must be taken into consideration when applying for a Shubh personal loan:
- You should be at least 21 years old at the time of loan application
- Your maximum age should not exceed 60 years at the end of the loan tenure
- You should be a salaried individual.
- Your minimum salary per month should be Rs. 12,000 or more.
Documents Required for Loan Application
The following documents are needed to avail a Shubh personal loan:
- Aadhaar Card
- PAN Card
- Latest 3 months bank statement with 3 salary credits
- Salary slip
- Resident proof- Any valid government KYC document (Aadhaar Card, Passport, Driving License, Voter ID Card, etc.) / postpaid mobile bill or utility bill/ rental agreement
EMI Calculation
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
Shubh Personal Loan Top Up
Shubh Loans offers borrowers the option to avail a top up loan on their existing personal loan once they have completed half of the tenure of their current loan. Once you have repaid half of your current loan you can request for a top-up loan by sending an email to support@shubhloans.com
Shubh Loans Customer Care
You can contact Shubh Loans’ customer care via any of the following means given below:
- By Phone: You can call on (+91)9019900199.
- Email: You can send an email to support@shubhloans.com
- Write to the Lender: You can write a letter and send it to:
Datasigns Technologies Pvt. Ltd
NOVA MILLER, 333. Thimmiah Road
Vasanth Nagar Bangalore – 560052
- Fill up the Online Form: You can also write your issue or query on the official website of Shubh Loans.
- Chat on WhatsApp: You can also chat with the customer care representatives on WhatsApp by clicking on the WhatsApp icon on the Shubh Loans website.
FAQs
Q1. What is Shubh Loans personal loan interest rate?
Shubh Loans offers personal loans at an interest rate starting as low as 1.25% – 2% per month or 15% to 24% per annum.
Q2. I am a self- employed person. Can I avail a personal loan?
No, Shubh Loans offers personal loans to only salaried individuals.
Q3. How should I avail a top- up loan from Shubh Loans?
Once you have completed half of the tenure of your current loan, you can request for a top-up loan by sending an email to support@shubhloans.com. Following this the support team will help you apply for a top-up loan.
Q4. Is it possible to re-apply for a personal loan if my application gets rejected?
Yes, you can re-apply for a personal loan after 6 months.
Q5. Can I foreclose my personal loan?
Yes, you can foreclose your loan after paying at least 12 EMIs.
Q6. Will I still get a personal loan if my CIBIL score is low or if I have defaulted in the past?
Shubh Loans provides a personal loan on the basis of an individual’s credit score such as CIBIL score, which includes your current repayment capacity and your past financial stability. If you meet the eligibility, you get a loan despite a low credit score.
Q7. How long does the lender take to disburse loans?
Once the documents are received, loan disbursement gets processed within 2 working days.
Q8. When and where will the agent come to collect my documents?
Once your loan is approved, the agent will call you to schedule an appointment and will collect the documents from your office or residence.
Q9. How do I pay back the loan?
The EMI gets automatically debited from your salary account every month on the due- date.
Q10. Where do I receive the money after loan approval?
After the loan is approved, the amount will be disbursed to your salary account.