How to Get Easy Home Loans with Shubham
Shubham housing development finance company ltd. provides you with the Home Loan perfectly suited to fit your needs. We also offer Home Loans to salaried and self-employed individuals wishing for a space of their own in their home town or village.
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Having a house of your own is the dream of every person. But unfortunately, due to the poverty index of the country, not everyone can fulfill this dream. People here are underpaid and the unemployment rate is also high. Due to this many people live in a rented house for most of their lives. Buying a home can be a problem for people as a downpayment or to better say hard cash is required. Not everyone can afford it.
Seeing the necessity of home, the government had launched a scheme intending to provide housing for all. The name of the scheme is Pradhanmantri Awas Yojna. It came into effect on 17.06.2015. Here, the interest subsidy will be provided on housing loans for the acquisition/construction of houses. Now the dream of having the house can be fulfilled easily by simple steps.
The Credit Linked subsidy would also be available for home loans in Lucknow availed for new construction and addition of rooms, kitchen, toilet, etc to the existing house as incremental housing. Under this segment of the scheme, home improvement loans are given. This is done to provide an easy home loan for the improvement of the house. Many a time people live in confined places and do not have money to renovate and construct extra rooms/toilets in their homes. This scheme solves this problem to an extent.
Though getting this home loan is easy, there are certain criteria that one needs to fulfill. It is as follows:
- A credit score in CIBIL should be good
- Occupation matters
- The loan is generally given for a time period of 5 to 15 years.
- Age
- Type of company a person works in or a business he runs
- The interest rates generally vary from 3 to 5%
Many people do not know about the scheme and face problems in filling the process for the loan. If you are facing the same, you can consult Shubham home loan. The company caters to the need of people looking for home loans. The company is have disbursed an amount of up to 3000 crores and above. They have 84 branches all over India and is spread across 73 cities and 9 states. One needs to provide a set of valid documents which includes identity proof, passport size photograph, and also should fulfill the above-mentioned criteria.
Also, it is important to note that any independent person would have to apply for the loan separately, and also one should not have any other loan for the same purpose. The company provides customized home loan EMI options which make it easy for the person to repay the amount as per the earning capacity. The home loan calculator is used to determine the amount which may be sanctioned.
Whether the loan is big or small, the company helps in getting it sanctioned in no time. Contact Shubham Home Loan in Lucknow today!
