How to Apply for Home Loans at Shubham?

Posted by Sarita Yadav on January 5th, 2022

Having a home of your own is the dream of every person. But the sad part is that not everyone can afford it. The reason is that people in India are living below the poverty line. They do not have enough resources to support their basic needs. Food, shelter and basic clothing is the need of every person nowadays. Due to the low economy of India, people live in a rented houses, in some cases even during their whole life.

Seeing this situation, the government had launched a new scheme with the theme of “ Housing for all”. It is named Pradhanmantri Awas Yojna Rural Home loan came into effect on 17.06.2015. According to the government scheme, the interest subsidy will be provided on housing loans for the acquisition/construction of houses. The scheme is designed as such that it provides home improvement loans to all and also for new construction.

The process of applying for a loan is very simple. Shubham helps you to apply for this and get it easily within no time. Though there are some conditions attached to it. The family should not have availed central assistance under any housing scheme from the Government of India. One cannot take double the benefits of any scheme regarding a home loan. For verification, one needs to provide a personal ID that is Adhaar Card number while applying for a loan. Other than that the beneficiary should have a good Cibil score. A beneficiary family will comprise of husband, wife, unmarried sons, and/or unmarried daughters. You can get all the basic details about the mortgage using home loan eligibility calculator on Shubham website.

An adult earning member would be considered as a separate household if he/she does not own a pucca house. For a married couple who are on rent, they will be treated as a separate household. If one fulfills all these above-mentioned conditions, he/she can easily get the loan. All you need is to fill the form with a valid set of documents. Apply today!